Buyers in the LNG market are changing as a more complex market develops, according to Wells Fargo Securities.
In The LNG Buyer Book, created by senior analyst Michael Webber and associate analysts Hillary Cacanando and Greg Wasikowski, the team describes the LNG landscape as “diverse and opaque”.
Today, the world’s 15 largest LNG buyers control 56% of the market in terms of sale-and-purchase agreements (SPAs), covering the 2019 to 2035 period compared to 81% in the 2000 to 2010 period, the analysts said.
