The “shale gale” may help build momentum away from long-term LNG contracts and more towards variable or spot pricing, according to Cheniere Energy chief executive Charif Souki.
“The Gulf Coast adds to that flexibility and changes the nature of the market itself,” Souki told a panel at the IHS CeraWeek conference in Houston on Wednesday.
Cheniere is the first company to gain federal approval to export LNG to countries without a free-trade agreement with the US.
