LNG Cheap yet, but IMO 2020 Unclear Impacts

According to Wood Mackenzie, the rules of the IMO have a direct impact on the price of sour crudes, including those comprising the Japan Crude Cocktail, the index to which nearly half of all global LNG contracts are linked.

"Portfolio investors also lose revenue on contracts linked to depreciated JCC," said Wood Mackenzie analyst Otavio Veras, "besides the decrease in value due to equity interest of LNG projects heavil....