MNI: US TSY: LOWERS Q3 BORROWING ESTIMATE BY $106B TO $740B

MNI BRIEF: US Treasury Lowers Q3 Borrowing Estimate By $106B

MNI BRIEF: New Powers For UK Fiscal Body As Spending Overshot

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

EZ/UK T-Bill Calendar: Belgium Nov 7, 2024 Short TC Due Tuesday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Tuesday

BoE Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Qatar Offering Shorter LNG Contracts Amid Competition from US

LNG

Qatar is offering shorter and cheaper LNG contracts amid rising competition with the US to secure contracts to supply customers from the new NFE/NFS expansion.

  • Qatar is aiming to be more accommodating to the needs of customers, particularly emerging nations in Asia according to Bloomberg sources.
  • A deal with Petrobangla last week included more lenient payment deadlines than typically offered. The contract size of 1.8mtpa is in line with the average size of Qatari LNG exports contracts but the duration of 15 years is much shorter than typical contracts longer than 20 years.
  • Qatar is already among the world's top LNG exporters and is on track to increase LNG capacity from 77mtpa to 127mtpa from the North Field Expansion projects.
  • Qatar has so far only signed long-term deals for a fraction of the future supplies with 4mtpa with Sinopec and 2mtpa with ConocoPhillips. QatarEnergy is looking add new supply contracts by year-end but is competing with flexible contracts offered by US exporters.
  • Buyers in China, India, Taiwan and Pakistan are currently in talks with Qatar for more supply.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.