US liquefied natural gas producers have announced a string of deals to boost exports as the industry capitalises on shortages that have left Europe with a mounting energy crisis.
Cheniere Energy, the biggest American exporter, said it had reached a final investment decision to push ahead with a project that will boost its capacity more than 20 per cent by late 2025, while long-term supply deals also locked in purchases of US gas over the coming decades.
The expansion of Cheniere’s facility in Corpus Christi on the Texas coast will add 10mn tonnes a year of liquefaction capacity on top of its current 45mn tonnes. Total US capacity stands at roughly 99mn tonnes.
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