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.

Ineos Group, the UK multinational chemicals company with ethane trading links to the US Gulf Coast, has signed an accord with Sempra Infrastructure to secure future cargoes from the planned Port Arthur LNG export project in Texas or the expansion of the existing Cameron LNG plant at Hackberry in Louisiana.