David Lang, chief legal and compliance officer at gas exploration and production company Caturus, said that US LNG buyers are looking for alternatives to the traditional pricing mechanism linked to Port Henry. At the International Natural Gas Technology Conference held in Bangkok, Lang said that traditional LNG contracts linked to the price of Port Henry, which provided financing for LNG projects along the US Gulf coast in the past, “not everyone wanted it.” He mentioned that some buyers don't want their business to be affected by price fluctuations in this benchmark. Traditional contracts remain important at the project finance level because lenders prefer this type of standardized contract framework that has been in use for a long time.

David Lang, chief legal and compliance officer at gas exploration and production company Caturus, said that US LNG buyers are looking for alternatives to the traditional pricing mechanism linked to Port Henry. At the International Natural Gas Technology Conference held in Bangkok, Lang said that traditional LNG contracts linked to the price of Port Henry, which provided financing for LNG projects along the US Gulf coast in the past, “not everyone wanted it.” He mentioned that some buyers don't want their business to be affected by price fluctuations in this benchmark. Traditional contracts remain important at the project finance level because lenders prefer this type of standardized contract framework that has been in use for a long time.