Equinor Receives First U.S. LNG Cargo Under Cheniere Agreements
The first Sabine Pass shipment is heading to Europe under long-term agreements expected to eventually supply Equinor with around 3.5 million tonnes of LNG per year and help double its global LNG portfolio by 2030.
- Equinor has received its first LNG shipment under long-term agreements with Cheniere Energy.
- The cargo was loaded at the Sabine Pass LNG terminal in Louisiana.
- The shipment is currently heading to Europe.
- The agreements were signed in 2022 and 2023.
- Equinor will eventually receive around 3.5 million tonnes of LNG annually.
- The company expects the volumes to help double its global LNG portfolio by 2030.
MONTREAL (Oil Monster): Equinor has received its first liquefied natural gas (LNG) shipment from the U.S. Gulf Coast under long-term supply agreements with Cheniere Energy.
The cargo was loaded at Cheniere's Sabine Pass LNG terminal in Louisiana and is currently heading to Europe, a company press release said.
Cheniere Agreements Will Supply About 3.5 Million Tonnes a Year
The agreements, signed in 2022 and 2023, will eventually provide Equinor with around 3.5 million tonnes of LNG per year from Cheniere's Gulf Coast operations.
Equinor expects the additional volumes to help double the size of its global LNG portfolio by 2030.
U.S. LNG Adds Flexibility Across Europe and Asia
Helle Østergaard Kristiansen, Equinor's senior vice president for gas and power, said U.S. LNG will become an increasingly important part of the company's international supply network.
The new volumes are expected to give Equinor greater flexibility in serving customers across Europe and Asia.
Gulf Coast LNG Builds on Equinor's U.S. Operations
Equinor already has significant oil and gas operations in the United States, including production in the Gulf of America and the Appalachian Basin.
The company said adding Gulf Coast LNG to its U.S. operations will improve market access and portfolio flexibility while supporting long-term growth.
First Cargo Advances Equinor's LNG Growth Strategy
The first shipment marks another step in Equinor's strategy of connecting U.S. energy supply with global customers while strengthening its long-term position in the United States.
Frequently Asked Questions
Where was Equinor's first Cheniere LNG cargo loaded?
The cargo was loaded at Cheniere's Sabine Pass LNG terminal in Louisiana.
Where is Equinor's first U.S. LNG shipment going?
The shipment is currently heading to Europe.
How much LNG will Cheniere eventually supply to Equinor?
The agreements will eventually provide Equinor with around 3.5 million tonnes of LNG per year.
When did Equinor sign the LNG agreements with Cheniere?
The long-term supply agreements were signed in 2022 and 2023.
Why is the U.S. LNG supply important to Equinor?
Equinor expects the volumes to help double its global LNG portfolio by 2030 while providing greater flexibility to serve customers in Europe and Asia.