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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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Baker Hughes to supply Qatargas with LNG compressors for North Field South project
US energy technology company Baker Hughes has said this week that it will supply two main refrigerant compressors to QatarEnergy for two LNG ‘mega-trains’ that will be constructed for the North Field South project to be operated by Qatargas.
Global gas flaring drops 3% in 2022
The global oil and gas industry managed to reduce gas flaring by 3% last year to 139 bcm, from 144 bcm in the previous year, the World Bank reported on March 29 in its new Global Gas Flaring Report (GGFR), despite oil output rising by 5% to 80mn bpd.
Philippines purchases first-ever LNG cargo
The Philippines has bought the first-ever LNG cargo in the country’s history. The delivery will be made in mid-April to the country’s first LNG terminal at Batangas Bay, which is located about 150 km south of Manila.
EC welcomes proposals to block Russian LNG imports
Japan's purchases of Russian oil exceed G7 price cap
Japan has been purchasing Russian crude oil at a price that exceeds the $60 per barrel price cap set by the G7 nations and Australia earlier this year, according to a recent report in the Wall Street Journal.
Peru LNG exports five cargoes in March
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw total LNG export volumes remain almost unchanged month on month in March 2023.
US LNG exports reach record high in March, elevated by Freeport’s return to full power
US LNG producers recorded a record month in March, shipping 7.73mn tonnes of the super-chilled fuel, according to data from Refinitiv Eikon. The figure surpasses the country’s previous record high of 7.67mn tonnes exported in March 2022.
GLNG: US LNG exports reach record high in March, elevated by Freeport’s return to full power
Novatek bids to acquire stake in Sakhalin-2 project, replacing former partner Shell
Russia’s leading LNG producer Novatek has applied to join Gazprom at the Sakhalin-2 oil and LNG project, replacing former shareholder Shell,
Venture Global to make repairs at Calcasieu Pass, delaying start of commercial operations
US LNG company Venture Global LNG will make repairs at the Calcasieu Pass export plant in Louisiana, delaying the start of the facility’s full commercial operations, the company revealed on March 31.
Finland receives first LNG cargo at new terminal
The cargo arrived on board the Vivit Americas LNG tanker from the US. It was bought by Estonia’s Elenger and sold by commodity trader Vitol, which procured it from the Venture Global-operated Calcasieu Pass terminal in Louisiana.
Pieridae Energy abandons plans to transport gas from Western Canada to Nova Scotia
The company is seeking to build a facility to export LNG from Nova Scotia, on Canada’s East Coast, to Europe.
Baker Hughes selected as main supplier of equipment for Port Arthur LNG
Houston-headquartered energy technology company Baker Hughes was selected by construction firm Bechtel on March 27 to serve as the main supplier of liquefaction equipment for Sempra Infrastructure’s Port Arthur LNG Phase 1 project.
Brookfield, EIG to acquire Origin for $12.4bn
Brookfield and EIG's MidOcean Energy consortium have agreed to purchase Origin Energy, which operates in the power and LNG markets in Australia. The acquisition is worth AUD18.7bn ($12.4bn) and will pay AUD8.91 ($5.9) per share.
Excelerate’s Excelsior FSRU will interrupt German charter for seasonal service in Argentina
Excelerate Energy has confirmed that its FSRU Excelsior will suspend its German charter to serve as an LNG import facility on a seasonal basis at the Bahia Blanca terminal in Argentina.
Shell signs third supply deal with MPL for supplies from Saguaro Energia
A subsidiary of Shell (UK) has signed a 20-year LNG supply contract with Mexico Pacific Ltd (MPL), the developer of Saguaro Energia.
Rio Grande LNG suffers another setback with Societe Generale withdrawal
French bank Societe Generale revealed on March 28 that it pulled out of NextDecade’s Rio Grande LNG project in Texas last year. It is the first time the bank has disclosed that it withdrew from the long-delayed LNG facility.
Carrier sale in Korea sends ripples through local, foreign LNG industry
South Korea’s premier LNG shipping firm, Hyundai LNG Shipping (HLS), has seen its leading investor put 100% of its stake in the regional carrier powerhouse up for sale.
Freeport LNG experiences rocky restart, cancels several March cargoes
Freeport LNG has cancelled up to four LNG cargoes scheduled to be delivered in March as the US’s second-largest export plant encounters bumps on its road back to full production after an eight-month long outage.
EU countries agree to seek legal option to curb imports of Russian LNG
European Union countries have agreed to explore a legal avenue to prevent Russian companies from sending LNG to member states.
Brookfield to invest in $13.4bn Australian renewables plan
Brookfield Asset Management is leading a consortium that will invest at least AUD20bn ($13.4bn) during the next decade to construct up to 14 GW of new renewable generation and storage facilities in Australia.
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