US exporters are seeing an uptick in Asian buyers for SPAs
Cheniere surprised by lack of European LNG contracting
US seller sees Asian buyers changing approach but inertia in Europe
“What is surprising to me is that… a very small percentage of [the recent LNG SPA flurry] is with European load-serving entities,” Anatol Feygin, chief commercial officer of the US’ largest LNG exporter, Cheniere Energy, told the Gastech conference in Milan in September. In contrast, US exporters are already seeing a reaction from Asian buyers to a global gas market radically altered owing to the drop in Russian pipeline deliveries to Europe. A “fair amount” of the new supply agreements struck over the last seven months are with “European-based entities that that will function as [load servers]”, Feygin concedes. By that, he likely means large IOCs such as BP, Shell and Equinor, and trading
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