Cheniere chief says LNG prices need to rise 20% to secure new investments
Charif Souki, the chief executive of Cheniere Energy, said LNG prices need to rise another 20-25% to sanction new projects
Souki told delegates at Singapore International Energy Week that prices of $7-8/m British thermal units (Btu) in Europe and $8-9/m Btu in Asia would be enough to trigger new investment in US LNG expansions, as long as domestic prices, which are tied to LNG sales deals, remain stable. He added that current LNG prices are not sustainable. Prices of spot LNG delivered to markets in northeast Asia averaged $6.70/m Btu for November, data from the latest Platts Japan/Korea marker showed, down 11.1% on October and 53% below prices seen for the same delivery month last year. Peter Coleman, chief executive of Australian LNG developer Woodside Petroleum, which has partnered Cheniere in the US, told th
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
