www.lngindustry.com
2/3 is not all. And it doesn't matter because it is still a commodity. You could post a thousand such links and LNG would still be a commodity. There is no "getting ahead" or "falling behind" in terms of markets.North America leads global long-term LNG contracts signed in 2023, finds GlobalData
North America has led globally in terms of the number of long-term contracts signed in 2023 for the export of LNG with 21 contracts, according to GlobalData.
At least 2/3 of LNG is sold with long term contracts. The contracts are often tied to oil prices
North America has led globally in terms of the number of long-term contracts signed in 2023 for the export of LNG with 21 contracts, according to GlobalData, a leading data and analytics company.
GlobalData’s latest report, ‘Long-Term LNG Contracts Review Analytics by Region, Contracts and Companies, 2023’, reveals that of the total long-term contracts signed in 2023 for the export of LNG from North America, 16 contracts are signed for exports from the US, four from Mexico, and one from Canada.
In the US, the biggest contract was inked by NextDecade, with a commitment to supply 5.4 million tpy of LNG to TotalEnergies from 2026 – 2046. NextDecade also signed one more contract for the supply of 1 million tpy of LNG to Itochu Corp. for 15 years, from 2027 – 2042. LNG will be supplied from the Rio Grande terminal in Texas for both contracts.
Bhargavi Gandham, Oil and Gas Analyst at GlobalData, commented: “Energy companies in North America continue to bet on strong long-term LNG demand due to the role of natural gas as a bridge fuel for energy transition and decarbonisation efforts. The Russian-Ukraine war has provided additional opportunity for these companies to sign contracts for LNG exports to Europe.”
In Mexico, four contracts were signed by Mexico Pacific Limited LLC to supply LNG from the Sonora liquefaction terminal. Among these, the most substantial contract was with ConocoPhillips for the supply of 2.2 million tpy of LNG for 20 years from 2027 – 2047.
In Canada, the contract was signed by Woodfibre LNG Ltd to supply 0.5 million tpy of LNG from the Woodfibre terminal to BP plc for 15 years from 2027 – 2042.
So we are replacing Jill Biden with the Heritage Foundation?
How Biden’s Inner Circle Protected a Faltering President
“Your biggest issue is the perception of age,” Mike Donilon, the president’s longtime strategist, told him in 2022, according to people who heard him.www.nytimes.com
Six key people protected the president.
Jill Biden, the first lady, and Hunter Biden, his surviving son, fervently believed in his ability to win. Mr. Donilon and Steve Ricchetti, the counselor to Mr. Biden, knew when and how to deliver information, along with Annie Tomasini, the deputy chief of staff. She and Anthony Bernal, the first lady’s most senior aide, took tight control over the president’s public schedule.
Can I ask you a question? I cannot answer this from my constituents in Louisiana,” Johnson recalled telling Biden. “Sir, why did you pause LNG exports to Europe? Liquefied natural gas is in great demand by our allies. Why would you do that? Cause you understand we just talked about Ukraine, you understand you are fueling Vladimir Putin’s war machine, because they gotta get their gas from him.”
Biden, according to Johnson, was stunned. “I didn’t do that,” Biden said. Johnson responded, “Mr. President, yes you did. It was an executive order like three weeks ago.” Biden continued to deny that he paused the LNG exports. At that point, Johnson suggested that the president ask the president’s secretary to print out the executive order, so the two could read it together.
Biden then recalled that he had signed an executive order, but it only called for a study on the effects of LNG. Johnson was firm. “Sir, you paused it, I know. I have the export terminals in my state. I talked to those people in my state, I’ve talked to those people this morning, this is doing massive damage to our economy, national security.”
In this exchange, Johnson said he realized that Biden was not lying to him. “He genuinely did not know what he had signed,” Johnson said. “And I walked out of that meeting with fear and loathing because I thought, “We are in serious trouble—who is running the country?” Like, I don’t know who put the paper in front of him, but he didn’t know.”
On January 26, 2024, the white house — announced “a temporary pause on pending decisions on exports of Liquefied Natural Gas (LNG) to non-FTA countries until the Department of Energy can update the underlying analyses for authorizations.” The White House meeting Johnson described was February 27, 2024.
When his staff rolled out a teleprompter for him to use while making remarks at small fund-raisers in private homes, Biden just nodded and went along with it. It never struck him as peculiar that he, the president of the United States, was expected to stick to prepared remarks at an off-camera Democratic fundraiser with only one print reporter in the room.
He never met with his pollsters from his reelection campaign, and that didn’t seem abnormal to him.
Yes, we are replacing Dr. Jill Biden with Dr. Heritage.
You have a great point. If we don't produce fossil fuels no one will.
If we don't stop producing fossil fuels, nobody will. If we did, we could probably get most of the world to go along. It wouldn't be easy, but it would be doable. Not like turning off the faucet, but if the US committed to cut fossil fuel production and consumption by 90% by 2040, I would guess that all of Europe (save Russia) and China and most of Latin America would go along. I don't know about India, but carbon tariffs would make them come around as well.
Do you see those as equal?
There are so many other negatives to coal, not just burning it.
Yes, I know. Coal is terrible. But the people who are pitching gas as a substitute are living in the past.
Agree, I was trying to add to your point.
If it's who I'm thinking of, I only know them for the voter fraud tracker on their site.
www.heritage.org