Phillips 66 Considers Buying US LNG, Hires Staff in New Push (1)

Phillips 66 is looking to buy liquefied natural gas from the US through long-term contracts and is hiring staff in Houston to do this, according to people familiar.

The discussions are preliminary, according to the people, who asked not to be named because the talks were private.

In a statement, Phillips 66 said its commercial team “continuously looks for ways to expand on the agility, sophistication and strategic impact it has built over the last several years with no associated capital expenditures,” while declining to comment further on the company’s commercial activities.

The move is a new direction for the ...