"We are constantly looking at the different opportunities," Barry said. "It gives us a diversity of supply."ĮxxonMobil will continue to consider buying additional offtake from US LNG projects and investing in supply in other countries as part of its ambitions to grow its LNG portfolio via third-party supply deals, joint venture arrangements or new liquefaction projects. "We've been making selective purchases to grow the portfolio," Barry said.
ExxonMobil also has an option for another 1 million mt/year from Mexico Pacific. Since then, ExxonMobil has signed another three SPAs of the same size and for the same 20-year term – a July 2022 deal tied to developer NextDecade's Rio Grande LNG project in Texas and, most recently in February, two contracts linked to Mexico Pacific's proposed Saguaro Energia LNG terminal on the Pacific Coast of Mexico, which would use US feedgas. "We're supplementing that."ĮxxonMobil signed its first-ever long-term supply contracts for volumes from a third-party project only in May 2022, a pair of sale and purchase agreements for LNG from Venture Global's Plaquemines and CP2 export projects in Louisiana, each for 1 million mt/year. "From our perspective, the equity position that we have is really Golden Pass," Barry said in an interview at the LNG2023 conference in Vancouver, British Columbia. Instead, ExxonMobil has opted for an approach more similar to some of its peers - signing long-term supply contracts tied to third-party US LNG projects, which offer fixed fees and destination flexibility. The oil and natural gas giant's strategy for shoring up its US LNG supply over the past year has seen the company venture beyond the large-scale approach it has traditionally taken to its LNG projects, including the more than $10 billion Golden Pass LNG terminal it is building with majority-owner QatarEnergy in Texas.
Receive daily email alerts, subscriber notes & personalize your experience.
0 kommentar(er)
