Liquefied natural gas (LNG)

ConocoPhillips has a 60-year history of leadership in LNG and LNG technology, and we view LNG as an important component of responsibly meeting energy demand in the coming decades.

The use of natural gas in place of coal and refined products represents a specific opportunity for significant reductions in end-use GHG emissions across the globe and it is a key contribution to meeting projected energy demand growth. We expect LNG to play an increasingly important role in the global energy mix, as it has lower GHG emissions than traditional hydrocarbon resources like coal used for electricity generation.¹

We have investments in LNG facilities which are supplied with equity gas production in Australia, Qatar and Equatorial Guinea. We also have a 30% direct equity holding in Port Arthur Liquefaction Holdings, LLC (PALNG) for Phase 1 of the Port Arthur LNG project, which is scheduled to start up in 2027. Additionally, as part of our Commercial LNG strategy to build a dynamic portfolio and expand our footprint across the value chain, we have various commercial LNG offtake agreements in North America totaling ~10 MTPA with offtake commencing between 2026-2031. From a regasification and sales perspective, we have placed the 5 MTPA of Port Arthur LNG Phase 1 offtake through regasification capacity agreements in Europe and direct sales agreements to Asia. We continue to progress discussions across all major LNG producing and consuming regions and markets to further add high-quality positions to our portfolio.

We are the second-largest LNG liquefaction technology provider globally. Our Optimized Cascade® LNG liquefaction technology has been licensed for use in 28 LNG trains around the world, with FEED studies ongoing for additional trains.

In 2025, we supplied Asian markets with approximately 0.36 trillion cubic feet (or nearly 1 billion cubic feet per day) of natural gas and LNG. To put this in perspective, if all the natural gas and LNG we sold to Asia in 2025 had been used to replace coal for electricity generation, GHG emissions would have been reduced by approximately 21 million tonnes, 9% more than the company’s combined Scope 1 and Scope 2 emissions for the year, based on EPA GHG emissions factors.²

^{1. Natural gas and the environment—U.S. Energy Information Administration (EIA)
2. Calculation based on gas production, heating values and average emission factors for natural gas and coal associated with combustion of end product for power generation.}