Cheniere Gets Ready for 'Next Round' in Global Gas Export Market

  • Cheniere Gets Ready for 'Next Round' in Global Gas Export Market

Cheniere Gets Ready for 'Next Round' in Global Gas Export Market

The shale revolution has placed U.S. in a strong position to export gas to countries like India that are low on fossil fuel resources but have a rapidly rising demand for oil.

Since Cheniere sent America's first LNG cargo overseas in early 2016, US gas exports have reached buyers in Latin America, Europe, Asia, and even the Middle East. For the 12-month period ended March 31, 2017, India's LNG imports were up by 15.5% on year at 24.6bn m³. "The biggest impact this could have is if it signals a new contract being signed".

"It will be the first time Lithuania imports gas from the U.S. We opted for delivery from Cheniere after evaluating several offers for LNG, " a spokesman for Lietuvos Duju Tiekimas told Reuters.

As per terms of the deal, Cheniere will distribute around.5 million tonnes of LNG per year, representing more than 10% of South Korea's total annual demand.

Polish Oil & Gas, known by its acronym PGNiG, took its first-ever delivery of LNG from Cheniere earlier this month.

LNG has leased additional acres at its flagship Sabine Pass terminal in Louisiana and has the option to purchase more land at a Corpus Christi, Tex., site, where another export project is under construction.

The bill would guarantee acceptance of export volume applications to the Department of Energy (DOE) for export and import of natural gas without delay, but would retain the Administration's ability to limit export or import of natural gas during national emergencies or disasters and to nations unfriendly to the United States. One of the company's recent shipments arrived in Poland Thursday. On Sunday (local time), a ceremony was held to mark the launch of Korea-bound LNG cargo at Cheniere's Sabine Pass export terminal in Louisiana.

The terms of the agreement and the size of the LNG cargo with US company Cheniere Marketin International haven't been disclosed.

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