Our Molecules to the Middle East: Qatar Buys U.S. LNG Thru 2054

Here's a sentence we never thought we'd write: Qatar is buying American LNG. Qatar sits on top of the world's largest natural gas field and, until this year, was one of the two or three biggest LNG exporters on the planet. Yet this week Cheniere Energy announced two long-term deals to supply state-owned QatarEnergy with 4 million tonnes per annum (mtpa) of LNG through 2054. Half of it will come from Cheniere's Sabine Pass export plant in Louisiana. And Sabine Pass is a place where Marcellus/Utica gas has been showing up for years. Translation: some of the gas drilled in PA, OH, and WV will very likely end up owned by a Middle East country, which will resell it around the world. Who'd a thunk it?

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