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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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Tellurian seeks extension to complete Louisiana LNG plant
LNG developer Tellurian is seeking a three-year extension for completing its Driftwood LNG plant in Louisiana.
Delfin gets four-year extension for LNG port facilities
Delfin LNG has more time to complete the first phase of its Gulf of Mexico export plant. FERC extended until September 28, 2027 the amount of time Delfin has to put into service the onshore portion of its proposed floating export facility.
Italian oil supermajor Eni set to greenlight new LNG project in Mozambique by mid-2024
A group of international oil companies that is producing liquefied natural gas in Mozambique for export hopes to sanction its second project in the country by end of June 2024.
QatarEnergy signs 27-year LNG supply deal with TotalEnergies
QatarEnergy sealed its longest LNG supply deal with a European company on October 11, when it signed a 27-year agreement with France’s TotalEnergies.
Russian energy ministry predicts 50% growth in LNG exports in 2024
Russian LNG production should grow by 50% in 2024 versus the level in 2022, according to energy ministry forecasts. But analysts doubt that this is realistic, noting that a lot depends on how quickly Novatek’s Arctic LNG-2 plant expands its capacity.
Workers at Western Australia’s two Chevron LNG plants vote to restart strike
A deal to prevent industrial action at Chevron’s two LNG production facilities in Western Australia has fallen through, with employees voting on October 6 to restart strikes at the Gorgon and Wheatstone LNG plants.
Pakistan orders LNG spot cargo for December
State-run Pakistan LNG Ltd has awarded a tender to Swiss-based energy and commodities trader Vitol for the delivery of an LNG cargo in December. It marks Pakistan’s first spot purchase of a cargo of the super-chilled fuel in more than a year.
EU LNG imports drop to two-year low in September
EU LNG imports were down 8% month on month in September, reaching their lowest level in almost two years, as storage volumes are still ample and demand remains subdued, the bloc’s data shows.
Natural gas could power Africa’s industrialisation process and end the region’s huge energy poverty
Africa must be allowed to exploit its vast natural gas reserves so that it can undergo a wholesale industrialisation process and so that energy can be brought to millions of homes.
Kuwait plans full exploitation at Arash gas field amid Iran dispute
Kuwait is working to lay the groundwork for natural gas extraction from a disputed field in the Persian Gulf in six years, suggested comments from a Kuwaiti official published by Reuters on October 4.
New Fortress’ Mexico LNG facility receives final unit before start-up
The final unit of New Fortress Energy's floating liquefied natural gas export terminal offshore Mexico’s northern coast reached the project site on October 2, according to data from S&P Global Commodities at Sea (CAS)
QatarEnergy signals intent at home, overseas
The gas giant is pressing ahead with its massive LNG expansion project and, together with its partners, has bid on two new licences in Lebanon
Peru LNG’s exports surge in September
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw its export volumes rise by more than 150% month on month in September 2023.
Freeport LNG requests permission for restart of more of its export plant
US LNG exporter Freeport LNG has asked federal regulators for permission to restart more of its export plant in Texas as it seeks to return the US’s second-biggest LNG terminal to full commercial operation.
ExxonMobil sells majority stake in Adriatic LNG terminal to BlackRock
US oil major ExxonMobil has sold its 70.68% stake in Italy’s offshore Adriatic LNG Terminal to US investment firm BlackRock, the company revealed in a statement on October 4.
US Gulf Coast to get first dedicated LNG bunkering facility
The first dedicated LNG bunkering facility in the US Gulf Coast will be developed following an announcement made by a joint venture on September 28.
Vietnam’s Thi Vai LNG facility ready for commercial operations
Vietnam has marked a key milestone in its push to develop its gas industry, with the country’s first LNG warehouse and terminal complex having completed a series of additional technical tests and now ready to commence commercial operations.
QatarEnergy signs $3.9bn deal with Hyundai Heavy Industries for 17 LNG carriers
QatarEnergy has sealed a large-scale deal worth QAR14.2bn ($3.9bn) with South Korea's shipbuilding heavyweight HD Hyundai Heavy Industries (HHI).
NewMed bid under review as panel pushes for higher price
An independent panel appointed by NewMed Energy to review a $2bn bid to buy a 50% stake in the company has recommended an increase in the asking price.
AES sells minority stakes in Panamanian, Dominican assets to Grupo Linda and subsidiary
US-based AES plans to expand its partnership with Grupo Linda, a company based in the Dominican Republic, through the sale of minority stakes in its Dominican and Panamanian assets.
Russian government sets rules for selling ExxonMobil's Sakhalin-1 stake
Russia’s government has approved rules for valuing and selling ExxonMobil’s stake in the Sakhalin-1 oil project in the Far East, the TASS news agency reported on September 29.
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