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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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TotalEnergies’ Mozambique LNG restart moves a step closer with action plan and funding announcements
TotalEnergies and its partners at Mozambique LNG revealed on May 23 they will invest $200mn in a foundation to create economic growth in the local community. The announcement is viewed as a signal that the project's restart is around the corner.
GLNG: TotalEnergies’ Mozambique LNG restart moves a step closer with action plan and funding announcements
Eni chief says EastMed Gas Pipeline would need Turkey’s participation
Eni CEO Claudio Descalzi has told an Italian parliamentary committee that construction of the proposed 1,900-km, $6bn EastMed Gas Pipeline would require the participation of Turkey if it is to become a reality.
Germany reportedly buys spare Nord Stream 2 pipes for LNG terminal
Germany’s government purchased pipes that had been intended for the Nord Stream 2 pipeline from the project’s bankrupt operating company for €70mn ($76mn), the Business Insider reported last week.
Shell, Equinor expect to sign HGA, PSA for Tanzania LNG project within next few weeks
Shell (UK) and Equinor (Norway) are preparing to sign a host government agreement and a production-sharing agreement for Tanzania LNG, an ambitious natural gas production and export project, in the near future.
Egypt’s LNG exports remains steady at around 1.9mn in Q1 2023
Egypt’s liquefied natural gas (LNG) exports remained steady at around 1.9mn tonnes in the first quarter (January-March) 2023, the same level as the previous year, according to the Organization of Arab Petroleum Exporting Countries (OAPEC).
Alaska LNG project clears legal hurdle over climate concerns
Alaska LNG took another step forward on May 16 when a US appeals court rejected a lawsuit brought forward by environmental groups challenging the federal approvals needed for the construction of the $39bn project to move ahead.
QatarEnergy awards consortium $10bn contract to develop major gas field
QatarEnergy has awarded a consortium comprised of France’s Technip Energies and Consolidated Contractors Co. (CCC) a $10bn contract to develop a major gas field and build liquefied natural gas trains, media sources reported.
Algeria reports rise in LNG exports as it becomes Africa’s top exporter
According to a report by the Organization of Arab Petroleum Exporting Countries (OAPEC), the North African country reported that exports climbed to about 2.8mn tonnes in the first quarter.
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.
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