GLNG - Global LNG

Cheniere, Equinor sign LNG offtake agreement

A subsidiary of US LNG producer Cheniere Energy has signed a sale and purchase agreement with Norway’s Equinor.

CNPC joins Qatar’s NFE project, signs long-term LNG deal

State-owned China National Petroleum Corp. (CNPC) was this week awarded a minority shareholding in QatarEnergy’s North Field East (NFE) expansion project and signed a long-term LNG supply deal.

LNG owners commit to record spending on new vessels

LNG owners have allocated a record $73bn in the three-year period since 2020 to spending on new vessel purchases, Seatrade reported on June 19.

Asian spot LNG prices hit 3-month high

Asian spot LNG prices surged to a three-month high on June 16, Reuters reports. The rise in price reverses a multi-week drop as high temperatures in north-east Asia have boosted cooling demand.

Bangladesh to sign LNG supply deal with Oman

Petrobangla, Bangladesh’s state-owned national gas company will agree to a long-term supply deal of additional LNG stocks with Oman Trading International, an official at Petrobangla told Reuters on June 19.

Qatar and China sign second large LNG deal

Qatar has reached agreement to supply gas to a second Chinese company in less than a year. QatarEnergy announced on June 20 that it will provide China National Petroleum Corporation (CNPC) with 4mn tonnes per year of LNG over a 27-year period.

Novatek secures patent for second liquefaction technology

Russia’s leading LNG exporter Novatek reported last week it had obtained a Russian patent for a proprietary technology it calls Arctic Mix, designed for large-scale natural gas liquefaction using mixed refrigerants.

INK brings on stream Russia's second-biggest helium plant

The plant is situated at the helium-rich Yaraktinskoye oil and gas field, and is currently operating in trial mode. Once running on a commercial basis, it will produce 10mn litres of helium annually, INK said.

LNG Canada takes a step forward with all 192 modules for Phase 1 completed

The Shell-led LNG Canada project has reached another key milestone with all 192 modules for the first phase of the project completed, Upstream reported on June 16.

TotalEnergies to buy 17% stake in NextDecade

French energy major TotalEnergies has revealed it will purchase a 17.5% interest in US LNG developer NextDecade at a cost of $219mn.

GLNG: TotalEnergies to buy 17% stake in NextDecade

FLNG export facility proposed in US Gulf of Mexico

A floating LNG export facility has been announced 21 km off Grand Isle, Louisiana. The facility, by Grand Isle LNG, will have a smaller environmental footprint than land-based LNG and will produce competitively priced US LNG for export.

Venture Global LNG spars with offtakers over LNG deliveries

Venture Global LNG is disputing with offtake customers over delayed commercial deliveries of liquefied natural gas.