GLNG - Global LNG

Guyana to achieve oil payback in under ten years, WoodMac analyst says

A Wood Mackenzie industry analyst has projected that the Guyana basin should achieve payback within eight to 12 years with oil sales in the range of $60 to $80 per barrel. Wood Mac expects Guyana to show particularly strong upstream growth.

Pakistan sees only top-drawer bids for January LNG delivery

Pakistan has received four international bids for the supply of an LNG cargo in early January, with the lowest bid at $18.46 per unit

Mexico Pacific awards contract for Saguaro LNG pipeline

Mexico Pacific, the developer behind the planned $14bn Saguaro Energia LNG export project, has granted the engineering, procurement, and construction (EPC) contract for the pipeline that will supply natural gas to the proposed facility.

Japan pledges to work with Mozambique towards restarting $20bn LNG project

Mozambique and Japan have committed to collaborate on resuming the development of a LNG project in the north of the African nation halted in 2021 due to security concerns.

AfrOil: Environmentalists urge banks not to support Mozambique LNG

Daewoo signs MoU with Yemen covering LNG terminal, power plant

South Korea’s Daewoo Engineering & Construction has signed a memorandum of understanding with Yemen’s Ministry of Electricity and Energy to build a LNG receiving terminal in Yemen.

Indian Oil plans to double Ennore LNG terminal capacity amid push for more gas

Indian Oil Corp will double the capacity of the Ennore LNG import terminal in the country’s south-eastern state of Tamil Nadu, the firm’s executive director for gas business announced on November 24.

GLNG: Indian Oil plans to double Ennore LNG terminal capacity amid push for more gas

Trafigura to supply Philippines with LNG cargo

Philippines’ power generation company First Gen Corporation (FGEN) has awarded its second LNG cargo tender to Swiss trader Trafigura. The cargo is to be delivered to a floating storage and regasification unit (FSRU), the BW Batangas.

Japan asks LNG buyers to secure long-term deals to strengthen energy security

The Japanese government is requesting that LNG importers make efforts to secure decades-long supply deals amid growing concerns in the country over energy security.

President Joko Widodo inaugurates Tangguh Train 3 LNG project in Papua

President Joko Widodo has officially inaugurated the Tangguh Train 3 LNG project, operated by British Petroleum.

Algeria agrees to extend LNG supplies to Turkey until 2027

Algerian state oil and gas firm Sonatrach signed an agreement to extend gas supplies to Turkish state energy utility Botas for three years, Turkey’s energy minister Alparslan Bayraktar said.

High prices to lead to challenges for imports of LNG in Vietnam

Vietnam is contemplating the increased development of LNG as one of the means to transition to low-emission energy sources.

Czechia secures capacity in German LNG terminal

Majority state state-owned Czech energy utility CEZ secured annual capacity, amounting to 2bn square metres until 2027, at the Stade LNG terminal, which is currently under construction and is located near the German port city of Hamburg.