QatarEnergy pursues US LNG contracts through 2031
Arabian Post Staff -Dubai QatarEnergy is negotiating multi-year liquefied natural gas supply agreements with US producers running through 2031 as it seeks to replace output lost after Iranian strikes damaged key facilities at Ras Laffan, people familiar with the talks said. Discussions include Venture Global, Cheniere Energy and Woodside Energy, according to people with knowledge of the…
QatarEnergy is engaging in talks with US liquefied natural gas producers, with the aim of securing multi-year supply agreements extending through 2031, according to sources familiar with the discussions. The negotiations are targeting an annual LNG purchase of 2 to 3 million tonnes, a significant step up from the roughly 10 million tonnes handled by the company's trading arm before the recent disruptions.
The efforts come as two of Qatar's 14 LNG production trains and a gas-to-liquids facility at Ras Laffan were damaged by Iranian strikes in March, leaving 12.8 million tonnes of annual capacity potentially unavailable for three to five years. While QatarEnergy has been relying on spot-market purchases to cover the shortfall, the planned long-term contracts would provide greater certainty over volumes and pricing.
US exporters are positioned well to meet the demand, as new liquefaction capacity is being deployed and additional projects are under construction. Potential sources of supply include Venture Global, Cheniere Energy, and Woodside Energy, with each having about 6 million tonnes of available capacity. The negotiations are also examining flexible destination terms to allow for the redirection of cargoes between Asian and European markets as conditions change over the repair period.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
