Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Momentum builds for Alaska LNG
Asian and European interest gathers pace as Trump throws his weight behind frontier state
Letter from the US: Energy needs require a rethink
Tariffs, AI, critical minerals and emerging markets all raise fundamental policy questions
EU faces tough task following Japan LNG model
The bloc may find it very difficult to replicate Japan’s approach due to fundamental differences in policy and the markets
Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
Lower oil prices fuel US driving season
US gasoline consumption is at its highest level since before COVID, but while stocks remain healthy, the hurricane season threatens
LNG faces promises and perils ahead
LNG has opportunities to expand in established markets and access new ones, but the sector’s outlook is also fraught with uncertainties, from political and regulatory difficulties to chokepoints, project delays and cost overruns, says the IGU
Woodside adopts considered approach to Louisiana LNG
CEO Meg O’Neill explains the virtue of patience in offtake discussions amid tariff tensions
Europe’s hard choices on gas security
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
China’s critical gas position
China will play a huge role in driving gas demand, with its Qatar partnership crucial to this growth amid global structural challenges
US AI to power gas growth
Datacentres to drive demand for gas and position the fuel as more than just a bridging solution
European purchasers are striking deals for long-term LNG supplies
LNG EnBW Ineos Chevron Equinor US Europe LNG trading
Peter Ramsay
23 June 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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
Momentum builds for Alaska LNG
12 June 2025
Asian and European interest gathers pace as Trump throws his weight behind frontier state
Indonesia’s upstream picks up the pace
12 June 2025
The government is optimistic that increasing offshore activity and exploration will help revive flagging production, despite energy security fears
Letter from the US: Energy needs require a rethink
12 June 2025
Tariffs, AI, critical minerals and emerging markets all raise fundamental policy questions
Petroleum Economist: June 2025
12 June 2025
The June 2025 issue of Petroleum Economist is out now!

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search