U.S. Big Oil is Head Over Heels in Love with LNG Trading

For years, Big Oil companies based in other countries have been in love with LNG trading, including BP (UK), Shell (UK), Total (France), and Eni (Italy). In fact, in February 2016, Shell completed a $69.7 billion buyout and merger with BG, the largest such oil and gas deal since Exxon bought Mobil in 1999, because of LNG (see LNG Love Story: Shell Makes Play to Buy BG in $69.7B Megamerger). BG Group was one of the biggest sellers and shippers of LNG in the world, making Shell THE biggest LNG trader in the world today, post-merger. More recently, American producers like EQT have begun preparing to enter the LNG trading world with multiple LNG deals (see EQT Signs Third Deal to *Buy* LNG – This One Commonwealth LNG).

---

To view this content, log into your member account. (Not a member? Join Today!)