Cheniere HoA may signal US-China LNG trade revival
Guangdong utility Foran has agreed to non-binding deal to delivery of cargoes, to add to the annual volumes it agreed to purchase from BP in July
The first tentative LNG agreement between the US and China since their bruising trade war disrupted deliveries may be an early sign that Chinese buyers are taking a second look at competitively priced American shipments. Foran Energy Group, an independent utility in southern China’s Guangdong province, signed a non-binding deal known as heads of agreement (HoA) with Cheniere’s LNG marketing division to buy 26 cargoes over a five-year period from 2021-25. The cargoes will be priced against the US Henry Hub benchmark. The agreement—signed at the third China International Import Expo (CIIE) in Shanghai on Friday—comes after Shenzhen Stock Exchange-listed Foran signed a HoA with BP in July to bu

Also in this section
11 August 2025
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy