Qatar is seeking to build liquefied natural gas export plants in the US as prices of the fuel have fallen from a record.
Qatar Petroleum and ExxonMobil Corp, the world’s second-biggest company, received a first permit to export natural gas from their Golden Pass import terminal in Texas, they said on October 4. LNG prices for delivery in northeast Asia, the biggest market for the gas chilled to a liquid for transport by sea, have fallen 28% since rising to a record in May, according to World Gas Intelligence.
Qatari producers are looking abroad as a moratorium limits domestic expansion and amid a boom in new projects from the US to Australia. The increased volume may help offset lower income as users from Tokyo Gas Co to Italy’s Edison seek to reduce costs under supply contracts linked to crude prices.
Qatar Petroleum and ExxonMobil Corp, the world’s second-biggest company, received a first permit to export natural gas from their Golden Pass import terminal in Texas, they said on October 4. LNG prices for delivery in northeast Asia, the biggest market for the gas chilled to a liquid for transport by sea, have fallen 28% since rising to a record in May, according to World Gas Intelligence.
Qatari producers are looking abroad as a moratorium limits domestic expansion and amid a boom in new projects from the US to Australia. The increased volume may help offset lower income as users from Tokyo Gas Co to Italy’s Edison seek to reduce costs under supply contracts linked to crude prices.
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