The commoditization of LNG is underway, and the oil and gas industry is preparing for how it will unfold and shape the market. LNG commoditization was one of the major themes discussed at the 40th Oil & Money conference, hosted by Energy Intelligence in London on Oct. 8-10, against the backdrop of a growing sense of urgency on how to tackle climate change concerns.

The consensus among keynote speakers and panelists, alike, was that natural gas is a major part of the solution to tackling climate change, rather than the problem. And within this, the evolution of the LNG trade will be a vital piece of the puzzle.

Speakers asked to comment on the commoditization of LNG were broadly in agreement that it was happening, but that the process still had some way to go.

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