Natural Gas News – July 27, 2023
Natural Gas News – July 27, 2023
European and Chinese energy groups race to lock in LNG shipments
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. A race between European and Chinese energy groups to lock in shipments of liquefied natural gas from the US is driving investment in a range of export projects that will boost a market facing a potential supply shortage. The growing number of long-term contracts signed by European and Chinese buyers will help the US to expand export infrastructure to bring LNG supply online in the next two to three years. European demand for LNG — gas that is cooled to iquid form for safe storage and transport by sea or…
U.S. LNG exports back on rising track, reached record in March
U.S. producers of liquefied natural gas (LNG) last month regained momentum as the country’s second-largest exporter Freeport LNG ramped up output, sending total shipments to an all-time record of 7.73 million tonnes, Refinitiv Eikon data showed on Monday. Freeport LNG’s facility in Texas, which had suspended operations after a fire last year, exited an eight-month outage in February and on Monday was on track to pull in about 2.2 billion cubic feet per day (bcfd) of gas, above its nameplate capacity, pushing up the country’s overall processing rates. A total of 108 cargoes departed U.S. ports last month carrying 7.73 million tonnes of LNG, above the previous record of 7.67 million tonnes a year ago, according to Refinitiv Eikon trade flows data. Europe was again the main destination for U.…
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