Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
Search
Related Articles
Greater Tortue Ahmeyim FPSO sets sail
The LNG project’s vessel is due to arrive in the second quarter
Headwinds threaten Haynesville growth
Output from the play set for slowdown as pipeline bottlenecks loom and operators remain cautious
LNG faces growing shipping constraints
New regulations are likely to restrict an already limited pool of vessels capable of transporting gas
Alaska LNG advances on energy security concerns
The supply shock caused by Russia’s invasion of Ukraine could push the long-delayed liquefaction project across the finish line
International firms compete for Uruguayan blocks
The country’s frontier upstream continues to attract interest
Cash-rich oil and gas sector eyes next investments
The industry might be poised to spend significant sums on low-carbon projects
QatarEnergy keeps control
First expansion supply deals illustrate commitment to maintaining its grip of LNG volumes along the value chain
Turkey’s gas hub pipe dream
Erdogan and Putin’s rhetoric may be more about targeting domestic audiences than any realistic prospect of development
Outlook 2023: America’s role in global gas security
The US ‘Gaslift’ helped rescue Europe’s energy sector last winter, but with liquefaction plants already operating at capacity, what are the prospects for continued support?
ConocoPhillips nearing Willow FID
Alaska's upstream continues to gain momentum despite environmental concerns
Nearly all of the post-Ukraine LNG deals are being sold by North American exporters
LNG Shell Vitol ConocoPhillips LNG trading
Peter Ramsay
Editor-in-chief
18 July 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Portfolio players roar into post-Ukraine invasion LNG contracting lead

Three deals boost the share of volumes going into global books

Shell, US superindie ConocoPhillips and trading house Vitol have secured access to 9.1mn t/yr of North American LNG offtake for their portfolios in July. And this means that—in a bonanza of SPAs and preliminary, less-binding deals sparked by concerns over gas supplies in the wake of Russia’s Ukraine invasion that has now topped 46mn t/yr—portfolio players have hoovered up 21.85mn t/yr, or 47.5pc of total volumes (see Fig.1). The biggest deal is ConocoPhillips’ heads of agreement (HoA) with US infrastructure firm Sempra to acquire a 30pc equity holding in the Port Arthur LNG project in Texas and c.5mn t/yr of LNG offtake for 20 years. The superindie will supply the gas, and potentially more,

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beating the Russian products ban
27 January 2023
Legal and illegal efforts to skirt the prohibition are likely to intensify—especially in Turkey, the Balkans and Eastern Europe
Israel presses go on OBR4
27 January 2023
Fourth offshore bid round includes 20 exploration blocks across nearly 5,900km²
EU bodies issue gas price cap warnings
27 January 2023
Two preliminary reports echo industry criticisms, although lower prices have reduced the likelihood of the mechanism being triggered
Serica faces ‘aggressive’ questioning on Tailwind deal
26 January 2023
The UK-focused producer is finding shareholders disgruntled by its latest proposed M&A

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search