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Overview
With significant investment going into LNG export projects in the US, Australia and across Asia-Pacific and continued concerns about gas imports into Europe and Asia, LNG is expanding as a major sector of the global gas market that has attracted super-majors and independent companies alike.
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Gunvor bids low in Pakistani LNG tender
Gunvor has reportedly emerged as the lowest bidder for most of the cargoes in Pakistan’s recent spot liquefied natural gas (LNG) supply tender.
Freeport LNG secures over $1bn for Train 4
Freeport LNG Development announced on September 9 that it has struck a deal with Westbourne Capital under which the latter and its co-investors will provide $1.025bn in the form of a mezzanine loan.
YPF execs voice optimism about plans for new LNG plant
Two high-ranking representatives of Argentina’s national oil company (NOC) YPF said last week that they remained optimistic about the prospects for ramping up LNG exports.
Perupetro says Peru LNG complex saw exports rise in August
Peru’s national oil company (NOC) Perupetro said last week that it had seen LNG exports from the terminal in Pampa Melchorita rise year on year last month.
Sakhalin-1 partners take decision on LNG plant
Argentina pushes on with LNG plan amid political upheaval
Argentina’s YPF continues to pursue a plan for a major LNG export project, but political uncertainty in the country will likely slow progress.
Shell, Energy Transfer ask for extension on Lake Charles LNG
Royal Dutch Shell and Energy Transfer have asked US regulators for more time to complete the Lake Charles LNG export project.
QP books out Zeebrugge LNG until 2044
MOL, Karpowership agree final details for floating 48-MW LNG-to-power project
Mitsui OSK Lines (MOL) and Turkey’s Karadeniz Holding have revealed their final plans to develop a 48-MW floating LNG-to-power project in Mozambique
Phoenix says talks with CNOOC on LNG JV ongoing
The Philippines’ Phoenix Petroleum, which is headed by businessman Dennis Uy, has denied reports that China National Offshore Oil Corp. may pull back from the two companies’ planned LNG joint venture.
PNG finally backs Papua LNG deal
The Papua New Guinea (PNG) government has said it will honour the terms of the Papua LNG gas agreement, after months of mixed messaging that had left the project’s future in doubt.
ConocoPhillips signs new PSC for East Timor gas field
US super-major ConocoPhillips has signed a new production-sharing contract (PSC) for East Timor’s Bayu Undan natural gas field.
JGC wins EPC contract for Philippine LNG project
Philippine power utility First Gen has awarded an engineering, procurement and construction (EPC) contract for the Batangas liquefied natural gas (LNG) project to Japanese engineering outfit JGC.
Poland transfers US LNG to Ukraine
Stabilis considering Monterrey as site for small-scale Mexican LNG plant
Houston-based Stabilis Energy has said it is considering the Mexican city of Monterrey as a potential site for its first LNG project in the Central American country.
Cheniere receives approval for Corpus Christi Train 2 start-up
US LNG export pioneer Cheniere Energy has received regulatory approval this week to bring the second train into commercial service at its Corpus Christi LNG export project on the US Gulf Coast.
Cheap LNG floods Europe
LNG imports into Europe are booming, buoyed by low spot prices and weak European demand, as more regasification capacity is built.
Cypriot LNG project moves forward
BCPL to invest in Indian FSRU
India’s Bharat Petroleum Corporation Ltd (BPCL) has unveiled plans to build an offshore LNG import terminal at Krishnapatnam in Andhra Pradesh.
India expands gas infrastructure, mulls LNG price review
India’s efforts to spur consumption of natural gas is helping to attract billions in investment, but a growing reliance on foreign supplies is driving the government to review its long-term import contracts.
Novatek board proposes H1 dividends
First West African LNG regas plant to be built in Equatorial Guinea
An LNG regasification and storage plant is set to be built in Equatorial Guinea – the first such project in West Africa – as the country advances its plans to develop gas-to-power infrastructure.
Venture Global announces Calcasieu Pass FID
Venture Global’s final investment decision on its Calcasieu Pass terminal shows that the second wave of US LNG terminal construction is gaining momentum.
Shenzhen Gas to start up LNG terminal
Shenzhen Gas has said it will launch operations at its wholly owned liquefied natural gas (LNG) import terminal in southern China’s Shenzhen City this week.
Papua LNG agreement in doubt once more
After several months of mixed messaging from the Papua New Guinea (PNG) government, the future of the Papua LNG project is once more unclear.
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