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LNG: New Plaquemines LNG Supply Could Help Meet European demand

LNG
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Incremental increases in LNG supply from new US projects, including Plaquemines LNG, will help to continue to satisfy European demand and should support domestic US gas prices, S&P Global said.

  • European LNG imports could be supported by the expected end of the Russia-Ukraine gas transit agreement at year-end.
  • Current US export terminal feedgas is supported by the startup of the Plaquemines LNG facility taking the US total to 14.33bcf/d today, Bloomberg shows. Venture Global LNG said Dec. 26 that it has shipped its first commissioning cargo from the facility headed to Germany.
  • New Plaquemines contracts for long-term buyers include additional clauses to mitigate any of the same risks that off-takers experienced with the Calcasieu Pass, several S&P Global sources said.

 

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Incremental increases in LNG supply from new US projects, including Plaquemines LNG, will help to continue to satisfy European demand and should support domestic US gas prices, S&P Global said.

  • European LNG imports could be supported by the expected end of the Russia-Ukraine gas transit agreement at year-end.
  • Current US export terminal feedgas is supported by the startup of the Plaquemines LNG facility taking the US total to 14.33bcf/d today, Bloomberg shows. Venture Global LNG said Dec. 26 that it has shipped its first commissioning cargo from the facility headed to Germany.
  • New Plaquemines contracts for long-term buyers include additional clauses to mitigate any of the same risks that off-takers experienced with the Calcasieu Pass, several S&P Global sources said.

 

Keep reading...Show less