North American LNG export contracts approach 50mn t/yr
Shell and Centrica deals latest in post-Ukraine invasion SPA boom for liquefaction projects
UK-headquartered major Shell has inked a 20-year 2.1mn t/yr sales and purchase agreement (SPA) with US exporter Energy Transfer. This marks only the third such deal in August in what has been a slight summer lull in the scramble to secure alternative gas supply due to fears that Russian volumes will be frozen out of the global market for a prolonged period. But the deal, as well as UK utility Centrica’s 1mn t/yr contract with developer Delfin LNG, takes agreements struck for North American supply tantalisingly close to the 50mn t/yr mark (see Fig.1). Shell’s deal is on a Fob basis with a purchase price indexed to the US Henry Hub benchmark plus a fixed liquefaction charge. First deliveries a

Also in this section
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market