Louisiana gas export project lands Ukraine agreement

Argent LNG signed a memorandum of understanding with Ukraine’s state-owned Naftogaz Group to explore supplying liquefied natural gas from its proposed Lafourche Parish export terminal to Central and Eastern Europe. The agreement, announced Wednesday, aims to secure overseas customers before construction begins and discusses distributing up to 25 million metric tons of LNG annually, matching the planned capacity of the project. Reuters reports Argent had earlier supply deals totaling 10 million tons per year, including an October agreement with Turkey’s EPİAŞ and another with Bangladesh’s government for Asian markets. Naftogaz would act as a regional intermediary, routing Louisiana LNG to European import terminals and then leveraging Ukraine’s underground storage for distribution. The Louisiana Legislature passed a unanimous resolution in May supporting exports to “democratic” allies and praising Argent’s “Louisiana First” procurement strategy.