29 April 2024
Trafigura targets "lack of transparency" with new LNG sales contract
Publication date: 05 April 2017
Gas Strategies Group
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Singapore-based trading giant Trafigura this week launched a standardised master sales and purchase agreement (MSPA) for LNG cargoes that aims to remove roadblocks currently impeding the purchase and sale of seaborne gas.
Published on Tuesday to coincide with Gastech 2017 in Tokyo, the 58-page MSPA template outlines a set of basic responsibilities for LNG buyers, sellers and financial underwriters, while also leaving space for additional conditions.