Energy Transfer is yet to take FID on its Lake Charles liquefaction facility
North American LNG export contracts approach 50mn t/yr
Shell and Centrica deals latest in post-Ukraine invasion SPA boom for liquefaction projects
UK-headquartered major Shell has inked a 20-year 2.1mn t/yr sales and purchase agreement (SPA) with US exporter Energy Transfer. This marks only the third such deal in August in what has been a slight summer lull in the scramble to secure alternative gas supply due to fears that Russian volumes will be frozen out of the global market for a prolonged period. But the deal, as well as UK utility Centrica’s 1mn t/yr contract with developer Delfin LNG, takes agreements struck for North American supply tantalisingly close to the 50mn t/yr mark (see Fig.1). Shell’s deal is on a Fob basis with a purchase price indexed to the US Henry Hub benchmark plus a fixed liquefaction charge. First deliveries a
Also in this section
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
