U.S. LNG Deals Surge With 30% of Planned Export Capacity Sold
- Energy Transfer, NextDecade land more long-term buyers
- Stalled, expensive projects attract interest from Asia, Europe
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About 30% of planned U.S. LNG export capacity has been booked since war disrupted European energy supplies, a dramatic reversal of fortune for as many as 10 new projects stymied by a lack of financing.
Energy Transfer LP on Tuesday announced an 18-year supply deal with South Korea’s SK Gas Trading LLC in the latest sign that its long-stalled Lake Charles LNG terminal is gaining momentum. A day earlier, Energy Transfer inked a 20-year contract with Gunvor Group Ltd while French utility Engie SA locked in nearly 2 million tons of LNG from NextDecade Corp.’s proposed plant.