Banking on a tide of new liquefied natural gas (LNG) supply from the United States, Australia and Russia hitting markets through 2021, importers are seizing the chance to wring concessions from existing producers wary of losing market share.

Top exporter Qatar, traditionally averse to granting concessions, rolled over in a major contract dispute with
India's Petronet last month is likely to trigger a sweep of reviews, as buyers rush to exploit the precedent, say industry sources.

This time, global LNG buyers will be seeking changes to the way long-term contracts are structured in the USD120 billion annual trade, such as loosening restrictions on cargo diversions and reducing imports below agreed floors. Pricing disputes may take a backseat.

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