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Shell leads global long-term LNG contracted capacity signed among purchasing companies in 2022, finds GlobalData

 

January 11, 2023 (Investorideas.com Newswire) Royal Dutch Shell (Shell) dominated the global long-term LNG import contract volumes signed by key purchasing companies in 2022, with a contracted capacity of 6.7 million tonnes per annum (mtpa), according to GlobalData, a leading data and analytics company.

GlobalData's report, "Long-Term LNG Contracts Review Analytics by Region, Contracts and Companies, 2022," reveals that the biggest long-term contract signed by Shell in 2022 was with Mexico Pacific Limited LLC to procure 2.6 mtpa of natural gas. ENN Group occupied the second place by signing contracts for a capacity of 3.3 mtpa, while Chevron and ExxonMobil entered into contracts to import 3.0 mtpa of LNG each.


Himani Pant Pandey, Oil and Gas Analyst at GlobalData, comments: "Energy companies are bullish about long-term LNG demand due to decarbonization efforts and the role of natural gas as a bridge fuel for the energy transition. The signing of long-term contracts also helps companies to hedge against volatile LNG prices and ensures guaranteed supply."

Among the seller companies, Venture Global LNG signed the highest long-term LNG contract volumes with a total of 11.0 mtpa. Energy Transfer Partners LP and NextDecade Corporation follow with 7.9 mtpa and 6.3 mtpa, respectively.

Himani concludes: "Companies from the US such as the Venture Global LNG have led the signing of the long-term LNG contracts in 2022, as the country is witnessing significant liquefaction capacity additions creating ample opportunities for exports."

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Analysts available for comment. Please contact the GlobalData Press Office:

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Email: pr@globaldata.com

Notes to Editors

About GlobalData

4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

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