ConocoPhillips continues to make big strides in expanding its LNG business, building on a foundation of equity, offtake, regas and sales agreements that have strengthened its positions across major global markets, including Europe, Asia and North America.

These strategic moves are part of the company's efforts to build a dynamic LNG portfolio and expand its footprint across the LNG value chain. The company's LNG ambitions are driven by robust energy demand.

“LNG is a very important part of ConocoPhillips’ overall strategy,” said Rajiv Panicker, General Manager Global LNG Trading & Origination. Panicker led the 2025 SPIRIT Award-winning project team responsible for formulating and implementing the company’s LNG strategy.

The LNG project team created a probabilistic workflow to optimize the company’s LNG portfolio, validated the strategy, and engaged with management and the Board of Directors. 

With its strategy in place, the LNG project team transitioned into execution mode, orchestrating a series of strategic deals, developing organizational capabilities, streamlining processes, establishing robust controls and understanding financial risks.

In North America, the team is focused on building the offtake portfolio, including commitments at Port Arthur LNG Phase 1, Energia Costa Azul and Mexico Pacific LNG. The team is executing its shipping plan and has awarded contracts for two LNG carriers. Meanwhile, in Europe, the team secured regas capacity in Belgium and The Netherlands and played a role in helping German LNG reach Final Investment Decision. In Asia, the team marked a significant achievement by signing a long-term sales contract, in addition to commencing trading of LNG cargoes in the Far East. 

“With our network of relationships and deals with counterparties around the world,” Panicker said, “we can reliably place our LNG volumes where they need to be, when they need to be. We’ve been involved with LNG for over 60 years, so we understand what our customers need. Our goal is to make sure that we are present globally and we understand what the market wants, and we deliver that to the best of our capabilities.” 

With its commercial marketing, trading and representatives across the globe, ConocoPhillips has the ability and networks to provide customer-focused solutions, including varying contract expiration dates, volumes, locations and pricing flexibility.

ConocoPhillips' Commercial business unit provides a significant advantage with its global market presence and expertise. This unit includes various functional teams, including Global LNG Trading and Origination, Gas & Power Marketing and LNG Technology & Licensing, which work together to create and optimize value in the company's LNG portfolio.

With the LNG project team’s strategic moves, ConocoPhillips is well-positioned to fulfill its long-term LNG ambitions, which include growing its controlled portfolio supply to between 10 and 15 million tonnes per annum (MTPA).

 “This would allow us to achieve the full benefits of scale across our organization,” said Andy O’Brien, Senior Vice President, Strategy, Commercial, Sustainability, and Technology. “We are right on track with our strategy and things are playing out as expected.”

LNG at ConocoPhillips

• ConocoPhillips has a 60-year history of leadership in LNG and LNG technology.
• ConocoPhillips’ Optimized Cascade® is a proprietary liquefaction process technology that provides more than 120 MTPA of the world’s LNG supply capacity.  
• ConocoPhillips is among the top 5 largest natural gas producers and marketers in North America, leveraging its global commercial organization to grow its LNG portfolio.
• ConocoPhillips is a responsible, reliable supplier of LNG with commercial marketing, trading and representatives in London, Singapore, Houston, Calgary, Beijing and Tokyo.