It was a statement that most liquefied natural gas (LNG) buyers don’t necessarily want to hear; in fact, it goes against the fundamental changes currently underway in global LNG markets. Yesterday, Yury Sentyurin, the new head of the Gas Exporting Countries Forum (GECF), an industry group representing gas sellers, said, in comments carried by Bloomberg Markets , that LNG prices still need to be linked to oil prices to keep revenue predictable for producers, particularly since some US$8 trillion worth of investment in the fuel is needed by 2040. GECF members include Russia, Iran, Algeria and Qatar (currently the world’s largest LNG producer), and its headquarters are in Doha, Qatar. Sentyurin said that “[LNG] consumers should understand the peculiarities which producers face. Security of investment and supply can only be on the basis of long-term contracts closely connected to oil prices so we could plan further investments into crucial […]