LNG

INEOS, the UK-based European chemicals company with increasing LNG interests, is entering the US oil and gas production sector for the first time with the acquisition of a portion of Chesapeake Energy’s assets in the Eagle Ford shale basin in south Texas for $1.4 billion.

ConocoPhillips has increased LNG activities in 2022 and outlined plans for the Port Arthur LNG export plant in Texas and other projects like cargo shipments to Germany and discussed its costs for the Qatar North Field expansion.