{"id":1855,"date":"2017-11-21T19:56:31","date_gmt":"2017-11-21T20:56:31","guid":{"rendered":"http:\/\/madaresharghi.com\/top-gas-exporters-convene-in-bolivia\/"},"modified":"2017-11-21T19:56:31","modified_gmt":"2017-11-21T20:56:31","slug":"top-gas-exporters-convene-in-bolivia","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/top-gas-exporters-convene-in-bolivia\/","title":{"rendered":"Top Gas Exporters Convene in Bolivia"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tTop officials of major gas producing countries gathering this week in Bolivia will face a harsh reality: Expanding supplies of the fuel are giving global buyers greater sway over purchase and contract terms.<br \/> \tThis week\u2019s Gas Exporting Countries Forum, which aspires to be the OPEC of natural gas suppliers, is expected to bring energy ministers from Qatar, Russia and Venezuela to Santa Cruz, Bolivia, as market oversupply reduces revenues, Reuters reported.<br \/> \tIran\u2019s First Vice President Es\u2019haq Jahangiri and Oil Minister Bijan Namdar Zanganeh are expected to attend.<br \/> \tThese countries are increasingly competing with exports from and prices set in the United States, which is on track to become the world\u2019s third largest exporter of liquefied natural gas after Qatar and Australia.<br \/> \tThat has \u201cbuyers in a better position to make contracts with shorter terms and more customized to their demand profile, without risking money in high take-or-pay clauses,\u201d said Mauro Chavez, a senior research analyst at consultants Wood Mackenzie.<br \/> \tAt least 25 countries are now capable of receiving LNG supplies and new re-gasification plants are expected to start operating in the coming months, giving buyers greater flexibility and increasing competition for suppliers.<br \/> \tEven though LNG represents only about 10% of the world\u2019s gas trade, new suppliers are willing to offer sweeter terms to customers, roiling traditional markets and turning up the heat on some producers trying to hold onto more rigid terms.<br \/> \tThe United States has been the most aggressive in shaking up the market, through flexible contract terms.<br \/> \tThe United States\u2019 rise as a force in global LNG markets and its growing gas sales to Mexico via pipeline have contributed to greater price uncertainty, according to analysts.<br \/> \tAttendees at the gas forum might work on \u201ca methodology for determining gas prices in contracts\u201d, which would promote more stability, Bolivian Hydrocarbons Minister Luis Sanchez said earlier this month.<br \/> \tIn markets such as the Caribbean, some sellers are customizing their gas supplies by linking contracts to fuel oil prices, which is also used for power generation.<br \/> \t\u201cI don\u2019t see a situation where the price of LNG would be very high. The price of LNG will be very competitive in the mid-term and in the long run,\u201d said Edgar Almeida, professor of the Instituto de Economia UFRJ in Brazil, flagging other market entrants such as Mozambique.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Top officials of major gas producing countries gathering this week in Bolivia will face a harsh reality: Expanding supplies of the fuel are giving global buyers greater sway over purchase and contract terms. This week\u2019s Gas Exporting Countries Forum, which aspires to be the OPEC of natural gas suppliers, is expected to bring energy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top Gas Exporters Convene in Bolivia - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/top-gas-exporters-convene-in-bolivia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Gas Exporters Convene in Bolivia - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Top officials of major gas producing countries gathering this week in Bolivia will face a harsh reality: Expanding supplies of the fuel are giving global buyers greater sway over purchase and contract terms. 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