LNG contract volumes see sharp rise
Covid disruptions prove no barrier to major year-on-year jump in H1 2020
LNG contracting during the past six months has defied many expectations to soar compared with the same period in 2019. At least 24 contracts covering nearly 24mn t/yr have been signed, compared with just 14 contracts for 13.1mn t/yr during the first half of 2019. Even more surprising, most of the contracts involved sellers who were not sponsoring new projects. Buyers signed 16 contracts for 12.23mn t/yr with aggregators, traders and producers with legacy plants where long-term contracts have expired. The average length of these contracts was for six years and the average volume was just over 750,000t/yr. In addition, eight contracts for 11.75mn t/yr were inked by new project sellers in Mexic
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
