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AMERICAS OIL: Cheniere Says LNG Market Needs 50% Supply Growth in Next Decade

AMERICAS OIL
USEnergy BulletsNorth AmericaBulletCommodities

Cheniere Says LNG Market Needs 50% Supply Growth in Next Decade: Bloomberg

  • An estimated 230 million tons/year of LNG supply growth will be required in next decade: Anatol Feygin, Cheniere’s executive vice president, chief commercial officer.
  • About 417 million metric tons were exported in 2024, according to shipping data compiled by Bloomberg.
  • Depleting gas in legacy exporting countries such as Egypt, Algeria, Trinidad & Tobago and Australia also will lead to need for supply growth.
  • Feygin noted that a potential resolution to the war in Ukraine could lead to restoring “incremental Russian gas” into Europe over time, which could help rebalance market and stabilize prices.
  • Co. on track to permit, expand both plants at Sabine Pass and Corpus Christi to grow to 90 million tons/year in production.
  • Final investment on Corpus Christi midscale Trains 8 and 9 targeted for this year
  • CEO Jack Fusco says an additional 500 acres recently acquired at Corpus Christi could lead to an estimated 20 million tons/year in new capacity; CFO Zach Davis says growth would come in phases.
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Cheniere Says LNG Market Needs 50% Supply Growth in Next Decade: Bloomberg

  • An estimated 230 million tons/year of LNG supply growth will be required in next decade: Anatol Feygin, Cheniere’s executive vice president, chief commercial officer.
  • About 417 million metric tons were exported in 2024, according to shipping data compiled by Bloomberg.
  • Depleting gas in legacy exporting countries such as Egypt, Algeria, Trinidad & Tobago and Australia also will lead to need for supply growth.
  • Feygin noted that a potential resolution to the war in Ukraine could lead to restoring “incremental Russian gas” into Europe over time, which could help rebalance market and stabilize prices.
  • Co. on track to permit, expand both plants at Sabine Pass and Corpus Christi to grow to 90 million tons/year in production.
  • Final investment on Corpus Christi midscale Trains 8 and 9 targeted for this year
  • CEO Jack Fusco says an additional 500 acres recently acquired at Corpus Christi could lead to an estimated 20 million tons/year in new capacity; CFO Zach Davis says growth would come in phases.