- QatarEnergy agreed to buy 3 million tons of LNG a year from Woodside's Louisiana LNG project for two decades, according to Woodside.
- The Woodside deal follows a Cheniere Energy contract signed last week for 4 million tons a year starting in the early 2030s through 2054.
- Louisiana LNG is set to complete construction by 2029.
- Expand Energy pulled back on some Q3 production, dropping a rig in Northeast Appalachia and a completion crew in the Haynesville, citing weaker natural gas prices.
- US natural gas output is on track to set a second consecutive annual record in 2026, driven by data center power demand and rising LNG exports.
- Spot LNG demand is surging globally in the absence of Qatar's gas due to the Iran war, according to OilPrice.
Quotes
“The Qatari state firm will purchase 3 million tons of LNG annually from the Louisiana LNG project”
“it pulled back on some production in Q3”
“Soaring demand for powering data centers in the United States”