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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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Royal Dutch Shell’s annual LNG outlook shows that demand for the fuel was resilient last year despite the pandemic, and further growth is expected.
Singapore’s Pavilion Energy has signed a six-year agreement with Chevron, covering the delivery of 500,000 tonnes per year of LNG from 2023. Each cargo supplied under the deal will be accompanied by a declaration of its greenhouse gas emissions.
Venture Global LNG’s Calcasieu Pass export terminal could be on course to start up ahead of schedule, based on reports that the company is offering at least 12 LNG cargoes for loading from the plant between October 2021 and December 2022.
Two separate LNG-related deals have been announced this week, involving Qatargas and its parent company, Qatar Petroleum.
Leading US LNG producer Cheniere Energy posted a net loss of $194mn for the fourth quarter of 2020, down from a net profit of $939mn in the fourth quarter of 2019, but up on a loss of $463mn in the third quarter of 2020.
Italy’s Eni announced this week that the first cargo since 2012 from the Damietta LNG plant in Egypt had been produced and lifted.
Two separate LNG-related deals have been announced this week, involving Qatargas and its parent company, Qatar Petroleum (QP).
GAIL (India) has unveiled plans to stop selling the LNG it sources from the US in international markets, instead selling it locally from 2023.
The Australian competition watchdog has warned that a retreat in domestic gas prices may be short-lived, owing to a looming supply shortfall.
As leading EU countries lobby Germany to stop the construction of Nord Stream 2, the same countries have been dramatically increasing their imports of Russian gas as a cold snap sweeps the Continent
Cheniere Energy has asked the US Federal Energy Regulatory Commission (FERC) for permission to bring the third train at the Corpus Christi LNG export terminal in Texas into service.
Total’s CEO says work may resume on the Mozambique LNG project by the end of March, pointing to his company’s security agreement with the Mozambican government and insisting production will begin in 2024.
Cheniere Energy has asked the US Federal Energy Regulatory Commission (FERC) for permission to put the third train at the Corpus Christi LNG export terminal in Texas into service.
Poland’s PGNiG said its imports of LNG rose 10% in 2020 and are expected to grow further still, while all across Europe LNG imports are now returning after briefly being redirected to Asia.
Venture Global LNG, which is currently building the Calcasieu Pass LNG export terminal on Louisiana’s Gulf Coast, is progressing plans to build other terminals in the region.
China’s State Power Investment Corp. (SPIC) has completed its acquisition of a stake in Gas Natural Açu (GNA), Latin America’s largest LNG-to-power project.