European purchasers are striking deals for long-term LNG supplies
EnBW and Ineos deals see Europe close its LNG term contract gap with Asia
The continent’s post-Ukraine agreements are still less than Asian buyers and portfolio players
German utility EnBW and UK-headquartered chemicals firm Ineos have become the latest European purchasers to strike deals for long-term LNG supplies in the wake of greater concerns over the continent’s security of gas supply following Russia’s invasion of Ukraine. The two contracts, one a SPA and the other a heads of agreement (HoA), take the headline figure for new LNG term delivery deals struck by primarily European customers to 10.8mn t/yr in the four months since the Ukraine war started (see Fig.1) out of almost 35mn t/yr agreed globally in a flurry of contracting activity. 10.2-10.6mn t/yr – Net increase contracting from European buyers It is a headline figure because French util
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
