The standoff between U.S. LNG developer Venture Global LNG and its energy customers over the start of commercial shipments has caused liquefied natural gas buyers to broadly review their contract terms, according to developers and experts.
With just four years before the Philippines only gas field is set to run dry, the country has started importing liquefied natural gas (LNG), creating a fresh headache for a government struggling to curb high inflation.
Venture Global LNG has started securing buyers for CP2, which would be its third terminal on the US Gulf Coast, amid a flurry of new offtake agreements for US LNG [Gas in Transition, Volume 2, Issue 5]