Announcement

Collapse
No announcement yet.

Tap natural gas from Alaska's frozen areas

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #91
    SINGAPORE, Oct 11 (Reuters) - China's ENN agrees to buy LNG from U.S. Cheniere in long-term deal

    Chinese ENN Natural Gas Co Ltd said on Monday it signed a 13-year deal to buy LNG from U.S. LNG company Cheniere Energy Inc beginning in July 2022. Cheniere said the purchase price will be indexed to gas at the U.S. Henry Hub benchmark in Louisiana, plus a fixed liquefaction fee.

    Cheniere is already the biggest buyer of gas in the United States and the biggest U.S. exporter of LNG with the capacity to produce about 40 MTPA of LNG - soon to be 45 MTPA once a sixth liquefaction train at its Sabine Pass plant in Louisiana enters service early next year. The Stage 3 expansion at its Corpus Christi plant in Texas would add about 11.5 MTPA to the company's LNG production capacity.

    China's natural gas consumption is expected to reach 550 billion to 600 billion cubic metres by 2030, growing at an average annual growth rate of about 11% in 2020 and this year.

    https://www.reuters.com/business/ene...re-2021-10-11/

    Note: Cheniere (stock up 20% for the month) is one part of the Corpus Christy economic boon which includes an $800M replacement span for the old Harbor Bridge.
    .

    Comment

    Working...
    X