InvestorsHub Logo
Followers 184
Posts 21669
Boards Moderated 0
Alias Born 08/14/2011

Re: None

Friday, 08/26/2022 9:37:07 AM

Friday, August 26, 2022 9:37:07 AM

Post# of 2290
China contracts with Cheniere lifting this to $200 soon.
"It is important for the United States to supply the market to support allies in Europe and Asia and improve the ability of the developing world to access gas," said Mike Sabel, Venture Global LNG's chief executive. His firm has entered into agreements to sell 18.5 MTPA of LNG since last September.

Some of the biggest deals are from Chinese firms returning to the U.S. market after a pause over tariff disputes. Late last year, Venture Global LNG struck deals for 11 MTPA with units of China's Sinopec and CNOOC Ltd. China's ENN Natural Gas Co signed separate deals last year with Cheniere Energy and Energy Transfer.

Due to the lack of available capacity, some recent deals have involved facilities whose construction have not yet received financial approvals. Those agreements "reinforce our conviction in the long-term role" for LNG in global energy markets, said Tim Wyatt, a Cheniere senior vice president.

For a factbox on recent North American LNG deals, see

But rising demand has led to construction of three new U.S. export projects and several more could be approved in 2023.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LNG News