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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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Biden administration approves LNG exports from Alaska project
The Biden administration gave the green light on April 13 to exports of LNG from the Alaska LNG project to countries with which the US does not have a free trade agreement. The majority of the LNG produced at the facility would be shipped to Asia.
Latvia scraps plans for controversial LNG terminal but still needs to ditch fossil gas
Shell opens LNG fuelling station in Hungary
French firm Technip Energies wins major LNG deal in China
French firm Technip Energies has secured what is being termed a significant deal with the north-west China-based Shaanxi Yanchang Petroleum Group, and Shaanxi Gas Group.
EU ban on Russian LNG could backfire
Momentum is building behind calls for the EU to impose a ban on Russian LNG, even though doing so could make it harder for the bloc to stock up on gas supplies before next winter.
Tellurian seeks Japanese and Indian investment for Driftwood LNG project
US LNG developer Tellurian is holding discussions with Japanese and Indian companies on potential investment in Tellurian’s planned Driftwood LNG terminal, the company’s CEO Octavio Simoes told Nikkei on April 11.
Sinopec becomes partner QatarEnergy’s NFE project
State-owned QatarEnergy this week signed a partnership deal with China Petrochemical Corp. (Sinopec) for the North Field East (NFE) expansion project.
Novatek purchases 27.5% stake in Sakhalin Energy for $1.1bn
The Russian government has approved the sale of a 27.5% stake in Sakhalin Energy to Novatek, the largest independent natural gas producer in Russia.
Poland declares off-limits zone around Swinoujscie LNG terminal to prevent Russian sabotage
Aussie LNG exports reconsidered to aid in local fuel supply
With winter fast approaching in the southern hemisphere, Australian authorities are pondering whether to limit LNG exports as winter Down Under threatens possible power supply risks.
North Field East to capture 2.9mn tpy of CO2: GECF
QatarEnergy’s North Field East LNG development will capture 2.9mn tonnes per year of CO2. The claim was made in a recent statement by the GECF about the role that carbon capture utilisation and storage can play in reducing greenhouse gas emissions.
Vopak expands ties with Gasunie, updates on LNG projects
Vopak has announced that it will acquire 50% of the shares in EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Netherlands, in partnership with Gasunie, subject to approval from competition authorities.
Floating LNG projects soar with $35bn worth of contracts to be awarded by 2027
Investment in floating liquefied natural gas production terminals is set to climb significantly in the next five years with $35bn in engineering, procurement and construction contracts expected to be doled out.
Novatek seeks tax cuts for LNG projects
Russia’s Novatek has requested that the government grant its Yamal LNG project further deferral of additional profit tax for 2022 and also cut its rate.
CNOOC Ltd reportedly eyeing FLNG development plan for BCD-10 gas reserves offshore Gabon
CNOOC is reportedly considering using an FLNG vessel to monetise natural gas resources at Block BCD-10, located about 145 km offshore Gabon.
With Moldova deal, Greece begins to fulfil role as regional gas logistics hub
Greece and Moldova have signed an agreement whereby Moldova will in future be supplied with gas transiting Greece and the Balkans.
Tellurian agrees to $1bn deal for Driftwood LNG project land
US LNG developer Tellurian has reached an agreement with an unnamed New York-based institutional investor to sell around 800 acres in Louisiana where it is building its Driftwood LNG project, the company revealed on April 6.
Ruble slumps amid reports Shell to get over $1bn for Sakhalin LNG stake
Reports that Shell is on track to convert and repatriate more than $1bn in ruble earnings from the sale of its stake in the Sakhalin LNG project has pushed the Russian currency to its lowest level in a year.
Vietnam’s first LNG terminal sees Korean input
A branch of the Korean Samsung conglomerate, Samsung C&T has won the rights to close out Vietnam’s first ever LNG import terminal. The project, known as the Thi Vai LNG Terminal, is located 25 km to the south-east of Ho Chi Minh.
Samsung Heavy Industries continues to pull in LNG carrier orders
South Korea’s Samsung Heavy Industries (SHI) has won another order for a pair of state-of-the-art LNG carriers for an as yet unconfirmed Asia-Pacific region buyer.
How quickly will work on Rovuma LNG resume?
TotalEnergies’ caution on Mozambique LNG may signal that ExxonMobil’s Rovuma LNG will remain on hold for a while.
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