LNG prices

U.S. liquefied natural gas (LNG) growth outpaced all other supply additions across the world last year by a wide margin, according to an annual report released by the International Group of LNG Importers (GIIGNL) this week.  U.S. exports reached 67 million tons (Mt) in 2021, up by 49.8% or 22.3 Mt from the prior year.…

Cheniere Marketing, LLC has signed a binding 13-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with a unit of Glencore plc, parent company Cheniere Energy Inc. reported Monday. Glencore will purchase approximately 0.8 million metric tons/year (mmty) on a free-on-board basis under the SPA. Cheniere said the 13-year term starts in April 2023.…

The United States accounted for all of the world’s new liquefied natural gas (LNG) production capacity last year, as exports grew despite challenges created by the Covid-19 pandemic, according to the 12th annual World LNG Report by the  International Gas Union (IGU). Cameron, Freeport and Elba Island LNG added 20 million tons (Mt) of annual…

Tellurian Inc. on Thursday said it has signed a sales and purchase agreement (SPA) with Vitol Inc. to supply 3 million metric tons/year (mmty) of liquefied natural gas (LNG) from its proposed Driftwood export terminal in Louisiana. The announcement came a week after Tellurian announced a similar deal with Gunvor Group Ltd., another leading global…

The global market is tightening with three major liquefied natural gas (LNG) facilities offline in the United States and Australia, supporting a price rally that began last month as fundamentals started improving.  The Sabine Pass and Cameron LNG terminals on the Gulf Coast, the two largest in the United States with a combined export capacity…