US liquefied natural gas (LNG) developer Venture Global will supply Malaysia’s Petronas with 1 million tonnes per year (t/y) of LNG for a 20-year term after the pair signed a new deal. Significantly, Asian LNG buyers, such as Petronas, are increasingly locking in new long-term supplies as more European buyers enter the race for LNG.
Venture Global LNG has signed up to provide ExxonMobil’s Asian unit with 2 million tonnes per year of LNG.
Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.
Russia’s invasion of Ukraine seems to have jolted China based buyers of liquefied natural gas (LNG) into signing more deals with US-based LNG export developments as global competition for the fuel surges.
French utility Engie has agreed to buy liquefied natural gas from NextDecade Corp. after the US exporter committed to slash most of the emissions associated with a proposed terminal in Texas.
Tellurian has instructed Bechtel Energy to begin construction at the Driftwood LNG plant, in Louisiana.
The US and its partners will send an additional 15 billion cubic metres of LNG to Europe this year, US President Joe Biden has said.
An energy company backed by Indonesian tycoon Sukanto Tanoto plans to spend $500 million this year on a long-planned liquefied natural gas (LNG) project in Canada, the clearest signal yet that it may move ahead with an LNG export facility on the country’s west coast.
As European gas prices hit new record highs, US LNG producers are swinging into action on future supply.
The Institute for Energy Economics and Financial Analysis (IEEFA) has raised a warning over New Fortress Energy’s (NFE) plans.
Venture Global’s Calcasieu Pass LNG is loading its first cargo, while Cheniere Energy has announced Train 6 at its Sabine Pass project is complete.
Abu Dhabi Investment Authority (ADIA) has struck a deal to buy a 10% stake in Sempra Infrastructure Partners for $1.875 billion in cash.
Extraordinary global gas prices are benefitting Australian liquefied natural gas (LNG) exporters. At current spot prices Australian LNG producers can make even larger margins on spot sales than US exporters, with estimated margins of over US$30 per million British thermal units (MMBtu), due to shorter shipping distances to Asia, said Australian consultancy Energy Quest.
Disrupting liquefied natural gas (LNG) supply would risk higher prices for domestic consumers, undermine US interests abroad and hinder global emissions reduction efforts, a new report from IHS Markit finds.
The US will become the world’s largest LNG exporter by the end of 2022, according to the Energy Information Administration (EIA).
Venture Global has set out plans to develop a fourth LNG facility, with an investment of $10 billion.
US-based Cheniere Energy (NYSE:LNG) will supply 0.3 million tonnes per year of liquefied natural gas (LNG) to China for 20 years starting in January 2023 after signing a deal with Foran Energy Group.
Woodfibre LNG has signed an engineering, procurement, fabrication and construction (EPFC) contract with McDermott International.
McDermott will provide engineering, procurement and construction (EPC) services for a booster compression platform at the Inpex-operated Ichthys liquefied natural gas (LNG) project in Australia.
Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, is looking increasingly unlikely to be developed, especially as another wave of US LNG projects looms large.
China, which has overtaken Japan as the world’s largest buyer of liquefied natural gas (LNG), needs more supply deals to meet surging domestic gas demand. This offers US exporters, such as Cheniere (NYSE:LNG), a significant opportunity, especially as trade tensions ease.
Japan's JERA, the world's largest individual buyer of liquefied natural gas (LNG), said today that it will buy a 25.7% interest in Freeport LNG Development in the US for about $2.5 billion as it races to secure LNG supplies.
Asian liquefied natural gas (LNG) traders are rushing to secure shipments from the US, where prices are among the cheapest in the world, amid a dash to replenish supply before the winter.
Cheniere Energy has signed another sales contract for LNG in support of its proposed Corpus Christi Stage 3 project.
US liquefied natural gas (LNG) developer Venture Global LNG has signed a trio of supply deals with China’s Sinopec. Significantly, the sales contracts will more than double China’s imports of LNG from the US.