Mitsui close to buying stake in $17.5bn Qatar LNG expansion
Japanese trading company Mitsui & Co is in advanced negotiations to buy a minority stake in Qatar’s North Field South LNG expansion, a 16 mtpa liquefaction project being developed at an estimated cost of $17.5 billion. The deal would give Mitsui access to one of the world’s lowest-cost LNG developments.
US lowers auto tariffs, makes EU buy more LNG in return
The Trump administration has started to implement a landmark trade deal by lowering auto tariffs to 15% – now the onus is on the EU to purchase $750 billion in US LNG, oil, and nuclear energy products by 2028. Additional long-term deliveries of US LNG will help the EU bring forward its ban on Russian LNG imports to January 2027.
Iraq in talks with Excelerate on buying US LNG
Iraq is nearing completion on its first ever LNG purchase agreement, as the country struggles to meet growing electricity demand amid recurring power outages. Excelerate Energy is one of the leading bidders in a competitive tender and currently in advanced talks with Iraq’s state-run South Gas Company.
