Long-Term LNG Contracts Review Analytics by Region, Contracts and Companies, 2023
All the vital news, analysis, and commentary curated by our industry experts.
Long-Term LNG Contracts Overview
A long-term LNG contract between a vendor and purchaser is typically agreed upon for more than a year. The biggest long-term liquefied natural gas (LNG) contract signed in 2023 was between NextDecade and TotalEnergies on June 14. According to the contract, NextDecade will supply LNG to TotalEnergies from the upcoming Rio Grande terminal in Texas, US, from 2026 to 2046. The long-term LNG contracts review report provides a comprehensive comparison of LNG contracted capacity and share by key importing and exporting countries for the years 2022 and 2023.
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|· North America
· Middle East
|Key Exporting Countries
|Key Importing Countries
|Leading Purchaser Companies
|· TotalEnergies SE
· Royal Dutch Shell Plc
· China Petroleum & Chemical Corporation
· SEFE Securing Energy for Europe GmbH
|Leading Seller Companies
|· Qatar Petroleum
· Oman LNG Llc
· NextDecade Corporation
· Mexico Pacific Limited LLC
· Venture Global LNG
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Long-Term LNG Contracts by Regions
Long-term LNG contracts have been signed in North America, the Middle East, Asia, and Africa. In 2023, North America led globally in terms of the number of long-term LNG contracts signed for the export of LNG, followed by the Middle East. Most of the contracts in North America were signed in the US, followed by Mexico and Canada. Out of all the long-term contracts signed for the export of LNG in the Middle East in 2023, the majority pertain to the export of LNG from Oman.
Long-Term LNG Contracts Analysis by Regions, 2023 (%)
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Long-Term LNG Contracts by Countries
The US led in terms of LNG export contract volumes signed in 2023, followed by Qatar and Oman. Meanwhile, China has the highest LNG contracted capacity among the importing countries. Among the long-term contracts signed in 2023, importing country details are presently available for only 10. Besides, China, other countries are France, the Netherlands, Germany, and Japan.
Long-Term LNG Contracts Analysis by Export Countries, 2023 (%)
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Long-Term LNG Contracts - Competitive Landscape
The leading purchaser companies associated with LNG long-term contracts are TotalEnergies SE, Royal Dutch Shell Plc, CNPC, China Petroleum & Chemical Corporation, and SEFE Securing Energy for Europe GmbH. TotalEnergies SE led the long-term LNG contracted capacity among buyers in 2023.
Long-Term LNG Contracts Analysis by Purchaser Companies, 2023 (%)
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The leading seller companies associated with LNG long-term contracts are Qatar Petroleum, Oman LNG Llc, NextDecade Corporation, Mexico Pacific Limited LLC, and Venture Global LNG. Qatar Petroleum signed the highest long-term LNG contract volumes among vendor companies in 2023.
Long-Term LNG Contracts Analysis by Seller Companies, 2023 (%)
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This report provides:
- Comparison of LNG contracted capacity and share by key seller and purchaser companies for 2023.
- Count of contracts and contracted capacity signed by key purchaser companies from 2021 to 2023.
Reasons to Buy
- Obtain information on long-term LNG contracts signed globally for 2023.
- Identify countries and companies involved in signing long-term LNG contracts in 2023.
- Facilitate decision-making based on strong long-term LNG contract data.
- Keep abreast of long-term LNG contracts signed globally during 2021-2023.
Table of Contents
- 1. Long-Term LNG Contracts Review
- 1.1 Biggest New Long-Term LNG Contract Signed in 2023
- 1.2 Regional Contract Briefs
- 2. LNG Contracted Capacity and Share Signed by Key Exporting Countries in 2023 vis-à-vis 2022
- 3. LNG Contracted Capacity and Share Signed by Key Importing Countries in 2023 vis-à-vis 2022
- 4. LNG Contracted Capacity and Share Signed by Key Purchaser Companies in 2023 vis-à-vis 2022
- 5. LNG Contracted Capacity and Share Signed by Key Seller Companies in 2023 vis-à-vis 2022
- 6. Annual Count of Contracts and Contracted Capacities by Key Purchaser Companies, 2021-2023
- 7. Appendix
- 7.1 Market Definition
- 7.2 Methodology
- 7.2.1 Coverage
- 7.2.2 Secondary Research
- 8. About GlobalData
- 9. Contact Us
Table 1: LNG contracted capacity and share signed by key exporting countries in 2023 vis-à-vis 2022* 6
Table 2: LNG contracted capacity and share signed by key importing countries in 2023 vis-à-vis 2022* 7
Table 3: LNG contracted capacity and share signed by key purchaser companies in 2023 vis-à-vis 2022* 8
Table 4: LNG contracted capacity and share signed by key seller companies in 2023 vis-à-vis 2022* 9
Table 5: Annual count and capacities of contracts signed by key purchaser companies, 2021–2023 10
Figure 1: LNG contracted capacity and share signed by key exporting countries in 2023 vis-à-vis 2022* 6
Figure 2: LNG contracted capacity and share signed by key importing countries in 2023 vis-à-vis 2022* 7
Figure 3: LNG contracted capacity and share signed by key purchaser companies in 2023 vis-à-vis 2022* 8
Figure 4: LNG contracted capacity and share signed by key seller companies in 2023 vis-à-vis 2022* 9
Figure 5: Annual count and capacities of contracts signed by key purchaser companies, 2021–2023 10
Frequently asked questions
Which is the leading region in terms of the number of long-term LNG contracts in 2023?
In 2023, North America led globally in terms of the number of long-term LNG contracts signed for the export of LNG.
Who are the purchaser companies associated with LNG long-term contracts?
The leading purchaser companies associated with LNG long-term contracts are TotalEnergies SE, Royal Dutch Shell Plc, CNPC, China Petroleum & Chemical Corporation, and SEFE Securing Energy for Europe GmbH.
Who are the seller companies associated with LNG long-term contracts?
The leading seller companies associated with LNG long-term contracts are Qatar Petroleum, Oman LNG Llc, NextDecade Corporation, Mexico Pacific Limited LLC, and Venture Global LNG.
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