ExxonMobil has agreed to long-term deals to buy 2 million mt/year of LNG from Venture Global LNG liquefaction projects in the US, the companies said May 10. Amid high spot prices in end-user markets that remain twice what they were a year ago, there has been a flurry of commercial activity during the first several months of 2022 tied to current and proposed US LNG export terminals, which offer long-term contracts with fixed fees and destination flexibility.
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