Ignitis buys more US LNG, adds Henry Hub exposure
Lithuania’s Ignitis has agreed to buy U.S.-linked LNG from EQT, under a sales and purchase agreement (SPA) covering 10 cargoes delivered each year between 2027 and 2036. The deal marks Ignitis first long-term SPA with a US company and introduces Henry Hub-linked pricing into its procurement portfolio.
Permian Shale stages record rise in gas production
Fracking in the Permian Basin has staged a record 11% annual rise in gas production, adding 2.7 bcf/d to reach 27.7 bcf/d, suppored by break-even prices as low as $61 per barrel in the Midland Basin, one of the Permian's largest oil and associated gas formations.
Eastern US gas to meet LNG-fuelled demand growth
Economics of gas production in the Appalachian Basin will become more favourable by 2030 as LNG-related demand soars. Natural gas liquefied for export could more than double to 9.8 Tcf, or almost 27 bcf/d, in 2037.
