From Uniper chief says flexible duration LNG contracts key for Europe
Uniper logo is displayed in this illustration taken September 5, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoVANCOUVER, July 10 - Shorter-duration contracts for LNG purchases will be important for Europe's diversifying supply given uncertainty about long-term gas demand, the new chief executive of German utility UniperLNG developers prefer 20- to 25-year contracts to help secure financing for the multi-billion-dollar projects.
"We want to continue to diversify geographically but also in terms of the duration of contracts," said Lewis, who took over as CEO last month. "The key challenge will be getting the right pricing and the right flexibility so that you can move that gas around easily, as demand starts to fall in Europe."
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