'Seller' LNG market makes US exporters flexible on indexation
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Description
Amid a crowded field of US liquefaction projects, Commonwealth LNG is looking to build momentum for its proposed 8.4 million mt/year facility in Louisiana as it targets a final investment decision in late 2022 and shipping its first LNG in 2025. Senior editor Harry Weber spoke with Commonwealth LNG CEO Paul Varello about the state of the global market, the status of commercial efforts to support his project, and the impact that the run-up in spot prices in Asia and Europe is having on US aspirations to one day become the world’s biggest exporter of the super-chilled power plant fuel. Stick around after the interview for Chris van Moessner with the Market Minute, a look at near-term oil market drivers.
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Published 11/22/21