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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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Cheniere and KOSPO sign long-term LNG sale and purchase deal
Cheniere Energy revealed on May 16 that its subsidiary Cheniere Marketing International has made a long-term LNG sale and purchase agreement with Korea Southern Power Co. (KOSPO).
Alexandroupolis port secures EU upgrade funds ahead of hosting LNG terminal
Greece’s privatisation agency HRADF announced on May 17 that it had secured €24mn ($26mn) in funding from the EU, to upgrade the port of Alexandroupolis, which is due to host a new LNG import terminal.
Production at Shell’s Prelude suspended yet again
Shell has again suspended production at its massive floating LNG vessel Prelude anchored in the Browse Basin off the western coast of Australia. The Prelude, the world’s largest FLNG vessel, came into operation in 2019 with a capacity of 3.6mn tpy.
Papua New Guinea keeps the door ajar for Australian LNG investment
Kumul Petroleum Holdings (KPH) in Papua New Guinea (PNG), the nation’s state-owned oil and gas company, has extended to the end of August the period Santos can sign a deal to claim a 5% share of PNG LNG.
Venezuela set to issue Eni and Repsol LNG export licences
Venezuela is likely to issue export licences in June to Eni and Repsol, which would grant the European companies the right to transport from the country, Venezuela’s Oil Minister Pedro Tellechea told Bloomberg on May 13.
South Korea commissions ground-breaking LNG bunkering vessel
South Korea has commissioned a domestically designed LNG bunkering vessel employing a locally produced containment system, the results of an almost 20-year effort to this end.
Novatek to install Chinese gas turbines at Arctic LNG-2
Russian natural gas major Novatek will source gas turbines for powering its Arctic LNG-2 liquefied natural gas project from China's Harbin Guanghan Gas Turbine, part of China Shipbuilding Industry Company.
Consortium awarded $10bn EPC for Qatar’s NFS project
A consortium of engineers has been awarded a $10bn engineering, procurement and construction contract from QatarEnergy for two trains on the 16mn tonne per year North Field South (NFS) LNG project.
Tanzania revises cost of LNG project development upwards to $42bn after technical analysis
Tanzania has revised upwards the cost of its liquefied natural gas project to $42bn following a new technical analysis.
Excelsior FSRU begins operating at Bahia Blanca GasPort terminal in Argentina
Excelerate Energy's Excelsior FSRU has begun LNG import operations on a seasonal basis at the Bahia Blanca GasPort terminal in Argentina.
LNG bunkering JV gains momentum in Panama
Kanfer Shipping and CB Fenton have invited Melones Oil Terminal to join a JV that will be the first provider of LNG bunkering services on the Pacific side of the Panama Canal.
Israel considers gas link to Cyprus as ministers discuss LNG plan
East Mediterranean gas sources Israel and Cyprus are holding discussions this week to look at the possible construction of a gas pipeline from Israeli gas fields to Cyprus, where a newbuild LNG export facility would be constructed.
Condor Energies releases Q1 unaudited interim financial statements on Kazakhstan and Turkey operations
Chevron spuds appraisal well in Cyprus Aphrodite field
US energy giant Chevron has spudded an appraisal well in the Aphrodite field offshore Cyprus. Discovered by Noble Energy in December 2011, the Aphrodite field has an estimated gas resource of 4.5 trillion cubic feet.
Hyundai bags LPG carrier order from UK-based shipping firm
Korean industrial heavyweight Hyundai have bagged an order placed by the UK-based shipping firm Purus Marine for four medium-sized LPG carriers. Reports indicate that all of the 45,000 cubic metre capacity carriers will be ammonia-ready at delivery.
Democrats raise concerns with Biden administration over climate impact of LNG
Over 40 Democrat lawmakers have asked the Biden administration to more carefully analyse the climate and environmental justice impacts of the expansion of the LNG industry across the country.
Korea Maritime Industries seeks to block foreign sale of Hyundai LNG Shipping
The proposed sale of South Korea’s Hyundai LNG Shipping to a foreign company has sparked concerns among South Korea’s maritime industry over the nation’s energy security.
Sempra mulls delaying Cameron LNG Phase 2 amid growing costs and labour crunch
Sempra infrastructure is considering pushing back a final investment decision on expanding the Cameron LNG plant in Hackberry, Louisiana as projects on the Gulf Coast deal with a mounting labour and supply crunch.
NFE to finish building first FLNG for installation offshore Mexico in July
New Fortress Energy expects to finish building its first FLNG production unit, which will be installed off the coast of Mexico, in July.
Venture Global selects Worley to construct Phase 1 of CP2 LNG
US LNG exporter Venture Global LNG announced on May 10 that it has selected Australian contractor Worley as the winning bid for a reimbursable engineering, procurement, and construction (EPC) contract for Phase 1 of the CP2 LNG project.
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