IMO 2020 may see $15bn losses for JCC-linked LNG contracts
Seven projects in Australia are among Wood Mackenzie’s list of top 10 losers. These projects stand to lose potential earnings as their offtake contracts are referenced against JCC — primarily made up of sour crude grades that are expected to see demand fall with shipping’s compulsory low-sulphur transition, the research agency says
Liquefied natural gas buyers committed to offtake arrangements based on Japan crude cocktail-linked prices would benefit at the expense of sellers
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