VOL. XXXIX

No. 44

29-July-1996

QATAR

Debate Over Floor Prices In Qatar's LNG Contract Negotiations Gathers Momentum

Until recently most players in the Mideast liquefied natural gas game took the existence of floor prices in long term LNG supply contracts for granted, assuming that without them no grassroots LNG venture could realistically expect to get off the ground. The acceptance of minimum prices by buyers was considered necessary in order to protect LNG sellers - and their bankers...