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Stock impact report

Glencore signs LNG and natural gas supply deal with KTG and Commonwealth LNG [Yahoo! Finance]

Marathon Oil Corporation (MRO) 
Last marathon oil corporation earnings: 2/12 04:30 pm Check Earnings Report
US:NYSE Investor Relations: marathonoil.com/investors
Company Research Source: Yahoo! Finance
Under the agreement, Glencore will purchase 2mtpa of LNG for 20 years from Commonwealth LNG, alongside an equivalent supply of natural gas from KTG, based on international pricing. The definitive agreements between the parties are expected to be finalised in the fourth quarter of 2024. KTG, a natural gas producer, holds approximately 148,000 net acres in Texas, including the dry gas window of the Eagle Ford Shale within Webb, La Salle, McMullen and Karnes counties. The company currently produces around 400 million cubic feet equivalent of natural gas and oil per day. Commonwealth LNG is developing a 9.5mtpa LNG export terminal project on the Calcasieu River near Cameron, Louisiana, in the Gulf of Mexico. The company expects to make a final investment decision on this facility in the first half of 2025, with the first LNG production slated for 2028. However, the project's environmental impact is under scrutiny, according to Reuters In July, a US court mandated federal re Show less Read more
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