Cheniere: Innovative deal structuring on Corpus Christi

This year saw one of the first innovative upstream gas supply deals for a US Gulf Coast liquefaction plant. In June, Cheniere had signed a long term gas supply agreement with Apache for its Corpus Christi Stage III trains. The Corpus Christi Stage III project is being developed to include up to seven midscale liquefaction trains with a total expected nominal production capacity of approximately 9.5mtpa. The supply agreement will be for gas volumes of 15mmbtu/day, delivered to Corpus Christi, and more importantly Apache will receive a gas price...

Read More

PGNiG shuns Russian gas

PGNiG is increasingly boldening its signals on shunning Russian gas as it turns to the west. The Polish state has historically been dependent on gas imports from its eastern neighbour but is looking to loosen its reliance to the communist state. Poland consumes around 17 bcm of gas annually, more than half of which comes from Gazprom under a long-term contract that expires in 2022. It is seeing the upcoming expiry as the opportunity to diversify...

Read More

US LNG: a snapshot of where things stand in 2018

US shale has been a game changer for the gas markets. Often overshadowed by oil story, US gas production is the unloved sibling of oil – oversupplied, low prices, unprofitable and sometimes an unwanted by-product of oil production in the form of associated gas. However 2017 came to demonstrate the vast potential for US gas and a complete change in direction with the country becoming a net exporter of gas for the first time. This started with...

Read More