LNG

Feedgas demand at US LNG export plants is expected to rise to 40 Bcfd in the coming years, up from 18 bcfd currently, Cheniere’s chief commercial officer Anatol Feygin said.

Cheniere Energy, the largest US LNG exporter from two plants at Sabine Pass in Louisiana and Corpus Christi in Texas, shipped 637 cargoes last year and the company's registered annual net profits jumped more than six-fold due to very positive changes in the derivatives portfolio, though Cheniere forecasts showed that revenue-based earnings were likely heading for a decline in the coming year.

CERAWeek, the five-day conference taking place in Houston and attended by around 5,500 delegates including leading LNG sector executives as well as politicians and officials, had a successful start discussing the “turbulent” world and energy markets and with one of the first speakers stressing that the energy transition must be an orderly process.

ČEZ Group, the national utility of the land-locked European Union member, the Czech Republic, said it received US LNG as its first shipment at the new Eemshaven LNG import hub in the Netherlands.

Australian and African LNG export plants operator, US major Chevron Corp., is increasing its LNG trading role after signing cargo supply agreements with the largest US exporter Cheniere Energy and newcomer Venture Global with one plant in operation in Louisiana and three others under development in the state.

Cheniere Energy, the largest US liquefied natural gas exporter with two liquefaction plants in Louisiana and Texas, posted a 14 percent rise in first-quarter revenues to more than $3 billion as it shipped 133 cargoes.

Cheniere Energy, the largest US liquefied natural gas exporter, said its Sabine Pass liquefaction plant in Louisiana supplied a “carbon-neutral” cargo to Royal Dutch Shell.

Foran Energy Group, the Chinese natural gas distribution company in the south of the country, has signed a framework liquefied natural gas supply agreement with US exporter Cheniere Energy, owner of the Sabine Pass plant in Louisiana and Corpus Christi facility in Texas.

Executives from the leading LNG companies in North America and India took centre stage at the Gastech Virtual Summit on the key issues facing the natural gas industry, with Sempra LNG saying the energy transition was already happening in California and gave an estimate of natural gas needed in LNG terms to back up renewables.

Taiwanese energy company CPC Corp. has signed a preliminary accord with US LNG producer Cheniere Energy for the supply of 2 million tonnes per annum for 25 years.