Follow us:
Subscribe to our newsletter

logo

  • News
  • Projects
  • Business and Finance
  • Innovation
  • Products and Services
  • Events
  • Online Magazine
  • Advertise
  • Contact
Home
  • News
  • Projects
  • Business and Finance
  • Innovation
  • Products and Services
  • Events
  • Online Magazine
  • Advertise
  • Contact
Quotes by TradingView

Total SA dominated long-term LNG import contracts in 2020

04 Jan, 2021
145



Total SA has dominated in terms of long-term liquified natural gas (LNG) import contract volumes signed by key purchasing companies for the year 2020, with almost 38 per cent of global contracted capacity, a report from GlobalData has highlighted.

According to the company’s recent report, Global Long-Term LNG Contracts Review, 2020 – Kosmos Energy Signs Largest LNG Supply Contract with BP Plc, Total signed a long-term LNG contracted capacity of 3.2 million tonnes per annum (mtpa) in 2020.

BP followed with a share of 22 per cent or 2.5 mtpa. Eni Spa also had 18 per cent or 1.5 mtpa of the total LNG contracted capacity in the year.

Amareswari Kanaparthi, Oil and Gas Analyst at GlobalData, detailed that the emergence of the COVID-19 pandemic has impacted the signing of long-term LNG contracts globally, as almost all the long-term contracts reported for 2020 were signed in the first quarter of 2020.

“Amid the ongoing pandemic, buyers are more interested in signing short-term contracts as long-term contracts became unattractive due to lower spot prices,” Kanaparthi said.

LNG contracted capacity and share signed by key purchaser companies in 2020 vs 2019. Image source: GlobalData, Oil and Gas Intelligence Center.

Among seller companies, Kosmos Energy signed the biggest long-term LNG contract for 2020 with BP to supply 2.5 mtpa of LNG for a period of seven years, from 2023 to 2030. The LNG will be supplied from the Tortue Floating I liquefaction terminal in Mauritania.

Nigeria LNG Limited also signed the highest long-term LNG contract volumes among seller companies with 4 mtpa or 47 per cent of the total volumes in 2020.

Energia Costa Azul and Kosmos Energy followed with 2.5 mtpa or 29 per cent of the total volumes each, followed by Qatargas Operating Company and Venture Global LNG with 1 mtpa each.

Related Articles

Producing green LNG is key for Australia to remain competitive

Qatar awards stake in LNG expansion to TotalEnergies

LNG contracting off to a fast start in 2022 with more than 10 mmtpa signed

Canada Gas & LNG Exhibition and Conference

8th International LNG Congress

Comments

Leave a comment Cancel reply

You must be logged in to post a comment.

all news all projects

Latest Posts

  • Latest News
  • Latest Projects
16 Jun

Microfossils provide clues about Australia’s petroleum potential

15 Jun

AEMO makes unprecedented decision to suspend energy market

15 Jun

Wage rises to be felt, but lack of skilled workers a bigger issue

15 Jun

Sanctions weaken oil and gas construction pipeline in Eastern Europe

15 Jun

WA-designed offshore inspection system pushes frontier of robotics

17 Jun

Esso Australia starts technical tender for Bass Strait decommissioning

17 Jun

Study to check feasibility of turning Torrens Island into a hydrogen hub

17 Jun

AXP energy boosts production with low-cost well re-completion in the US

15 Jun

bp to lead and operate WA renewables and green hydrogen energy hub

15 Jun

Partners to develop offshore renewable green hydrogen production

Online Magazine

    Current Cover
  • Login
  • Subscribe

Subscribe

Subscribe to our newsletter or print magazine

Our Titles

  • Home
  • Contact Us
  • Terms and Conditions
  • Privacy
© Sage Media Group 2022 All Rights Reserved.
×
Authorization
  • Registration
 This feature has been disabled
 This feature has been disabled until further notice, however you may still register
×
Registration
  • Autorization
Register
* All fields required