US liquefied natural gas (LNG) developer Cheniere Energy will supply 0.4 million tonnes per year of LNG to South Korea’s POSCO International Corporation, owner of the Asian nation’s first private LNG import terminal, under a new long-term deal.
News that Cheniere (NYSE:LNG) signed a long-term liquefied natural gas (LNG) supply contract with China’s ENN Natural Gas (CH:600803) earlier this week marked the first major US-China deal since 2018. Over the past three years, new LNG deals between the two great powers were put on ice as rising political tensions under the Trump administration thwarted trade.
US-based Cheniere Energy (NYSE:LNG) will supply 0.9 million tonnes per year of liquefied natural gas (LNG) to China for 13 years starting in July 2022 after signing a deal with ENN Natural Gas (SHA:600803).
Trafigura and Braskem have teamed up to deliver the world’s first cargo of carbon-offset naphtha.
Indonesia national oil company (NOC) Pertamina is reviewing its liquefied natural gas (LNG) purchase contract with the Total-led Mozambique LNG development after lawmakers questioned the deal signed in 2019.
Houston-based Cheniere Energy reported soaring profits Tuesday while warning of slowing demand in Asia amid warmer winters, the rise of nuclear power and concern that the coronavirus outbreak could drag down the global economy.
A buyer of LNG has cancelled two cargoes from Cheniere Energy, the biggest US exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
Cheniere Energy has signed a deal to provide liquefaction services to EOG Resources, a US-based shale producer.
Corpus Christi port officials met with several U.S. lawmakers on Thursday in a bid to shore up support for increased funding for a $327 million project to expand the Corpus Christi ship channel, which could become the nation's biggest conduit for crude exports in coming years.
As West Texas drillers pump more crude in coming years, they'll have to ship almost all of the increase in the Permian Basin's output to buyers overseas – and most of those exports will pour out of Corpus Christi in South Texas, analysts say.