A roundup of news and commentary from NGI’s LNG Insight

  • Marathon Oil Corp. has signed a five-year sales and purchase agreement with the UK unit of Glencore Ltd. for an undisclosed amount of LNG produced with supplies from the Alba field in Equatorial Guinea.
  • Marathon Oil disclosed LNG volumes would be linked to the Dutch Title Transfer Facility (TTF), “signaling the conclusion of the legacy Henry Hub linked contract.” The firm is also shifting more Alba supply from an adjacent methanol plant in Equatorial Guinea to capture more earnings from LNG. Marathon Oil holds a 60% stake in EG LNG, which operates a 3.7 million metric ton/year terminal.
  • Excelerate Energy Inc. has inked a lease agreement with Petróleo Brasileiro S.A., aka Petrobras, to extend the floating storage and...