US LNG Buildout Gets Major Boosts From Abroad

摘要

Concerns that US LNG's second wave has crested were largely put to rest last week as billions of dollars of Asian money was tentatively committed in the form of direct project investment and long-term supply contracts.India's Petronet signed a memorandum of understanding(MOU)with Tellurian to take an equity stake in the US company's 27.6 million ton per year(3.6 billion cubic feet per day)Driftwood LNG export project in Louisiana and buy up to 5 million tons/yr(0.66 Bcf/d)of LNG from the terminal.If finalized as planned early next year,it would be the largest US LNG supply deal ever — worth up to $7.5 billion,according to some sources.A day later,Korea Gas(Kogas)signed a 15-year LNG supply deal with BP for supply from another Gulf Coast export terminal.