Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

LNG buyers turn to US, Canada as Hormuz risk drives supply shift

Bloomberg+1 ·
NG=FUNG
LNG buyers turn to US, Canada as Hormuz risk drives supply shift
  • LNG buyers are accelerating talks to buy more US fuel as the Iran war and Strait of Hormuz turmoil push them to seek alternatives to Middle East suppliers.
  • Santos signed a liquefied natural gas supply agreement with South Korean steelmaker POSCO and a purchase agreement with Canada's Western LNG, expanding non-Middle East supply routes.
  • The deals highlight a shift toward North American LNG as buyers hedge geopolitical risk in the Middle East.

Quotes

“Liquefied natural gas buyers are accelerating discussions to buy more fuel from the US as the Iran war and turmoil over the Strait of Hormuz forces them to seek alternatives to suppliers in the Middle East.”— Bloomberg
“a purchase agreement with Canada's Western LNG; financial terms were not disclosed.”— Santos

Sources