Global Natural Gas Buyers Jostle for US LNG With Chevron, Ineos Deals
- Sales agreements reached for Sempra, Venture Global projects
- Cheniere decides to proceed with Corpus Christi LNG expansion
Cheniere’s LNG export terminal in Corpus Christi, Texas.
Photographer: Eddie Seal/BloombergThis article is for subscribers only.
Global buyers are lining up to secure long-term shipments of liquefied natural gas, giving impetus to a new generation of US projects that will send the heating and power-plant fuel overseas.
US oil giant Chevron Corp. and UK-based chemicals company Ineos Group announced deals for LNG on Wednesday, reflecting soaring demand as countries seek to displace Russian gas. Chevron will buy LNG from export terminals in Louisiana to trade it on the global market. Cheniere Energy Inc., meanwhile, greenlighted the expansion of a terminal in Texas as Europe clamors for more supply.