Factbox: China's LNG contracts with Qatar and the U.S.
21/08/2023 04:50
SINGAPORE, Aug 21 (Reuters) - Chinese importers have
been ramping up long-term liquefied natural gas (LNG) contracts
with top exporter Qatar and the United States to help boost
their global supply portfolio and expand trading operations.
Below is a list of contracts Chinese companies have signed
with Qatari and U.S. companies, as well as contracts that
European buyers and portfolio players have with U.S. exporters,
according to a 2023 annual report from industry association
International Group of Liquefied Natural Gas Importers (GIIGNL).
Volumes are given in million metric tons per year (mtpa).
China's existing contracts in force with Qatar:
Buyer Seller Volume Start date Duration
(mln mtpa) (years)
CNOOC QatarEnergy 3.5 Jan-22 14
Sinopec QatarEnergy 2 Jan-22 10
Suntien Green QatarEnergy 1 2022 15
PetroChina Qatargas 3.4 2018 22
CNOOC Qatargas 2 2011 24
PetroChina Qatargas 3 2011 25
Total 14.9
China's new LNG contracts with Qatar, 2026 onwards:
Buyer Seller Volume Start date Duration
(mln mtpa) (years)
QatarEnergy 4 2026 27
Sinopec
QatarEnergy 4 2026 27
CNPC
Total 8
China's existing contracts in force with U.S. suppliers:
Buyer Seller Volume Start date Duration
(mln mtpa) (years)
Sinochem Cheniere 1.8 2022 18
ENN Cheniere 0.9 2022 13
(Singapore)
PetroChina Cheniere 0.3 2018 25
ENN Chevron 0.64 2018 10
Total 3.64
China's new contracts with U.S. suppliers 2026 onwards:
Buyer Seller Volume Start date Duration
(mln mtpa) (years)
PetroChina Cheniere 1.8 2026 24
China Gas Energy 0.7 2026 25
Transfer
ENN Energy 0.9 2026 20
Transfer
ENN (Singapore) Energy 1.8 2026 20
Transfer
ENN Cheniere 0.9-1.8* 2026 20
Guangzhou Mexico 2 2027 20
Development Pacific
Group
China Gas NextDecade 1 2027 20
ENN (Singapore) NextDecade 2 2027 20
Guangdong NextDecade 1 2027 20
Energy
Venture 2 2027 20
China Gas Global
Mexico 1 2027 20
Zhejiang Energy Pacific
Total 16*
(*Taking the higher volume)
Existing U.S. LNG contracts to Europe and portfolio players:
Buyer Seller Volume Start date Duration
(mln mtpa) (years)
Naturgy Energy Cheniere 3.5 2017 20
Group
Vitol Cheniere 0.7 2018 15
TotalEnergies Cheniere 0.8 2018 5
ORLEN Cheniere 1.45 2019 15
TotalEnergies Cameron LNG 4 2019 20
Endesa Cheniere 2.25 2019 20
TotalEnergies Cheniere 2 2019 20
EDF Cheniere 0.77 2020 20
EDP Cheniere 0.77 2020 20
Naturgy Energy Cheniere 1.5 2020 20
Group
ENGIE Cheniere 0.9 2021 20
Iberdrola Cheniere 0.8 2021 21
Total 19.44
New U.S. contracts to Europe and portfolio players:
Buyer Seller Volume Start Duration
(mln mtpa) date (years)
Equinor Cheniere 1.75 2026 15
Marketing
EnBW Venture Global 0.75 2026 20
EnBW Venture Global 0.75 2026 20
EnBW Venture Global 0.5 2026 20
ENGIE Sempra 0.88 2027 15
Infrastructure
(PALNG)
ENGIE NextDecade 1.75 2027 15
Galp Trading SA NextDecade 1 2027 20
ORLEN Sempra 2 2027 20
Infrastructure
(PALNG)
Total 9.38
(Reporting by Carman Chew; Editing by Tom Hogue)
((carman.chew@thomsonreuters.com; +6582011860))
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