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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.
With this in mind, success can be lost or guaranteed on the basis of accurate and timely information. GLNG offers readers a macro-view of international LNG news, divided by global region. GLNG is published on Thursdays and also incorporates an extensive News in Brief section. This includes detailed and up-to-date information as it breaks, from various sources across the world.
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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.
RWE planning to exit controversial Ruegen LNG terminal
German utility RWE AG is leaning towards exiting the controversial LNG project on the Baltic Sea island of Ruegen following the emergence of political rows over the location of the terminal, Bloomberg reported on May 10.
Kosmos Energy says GTA block is set to begin gas production by year-end as expected
BP is on track to begin production at the GTA block, located offshore Mauritania and Senegal, by the end of this year as scheduled.
Peru LNG exports six cargoes in April
Peru LNG has reported that its export volumes climbed by about 10% month on month in April 2023.
Aramco Q1 results fall on lower oil price
Majority state-owned Saudi Aramco announced its results for Q1 2023, with net profit registering a drop of 19% from a year earlier.
China State Shipbuilding delivers the world’s largest VLGC
A subsidiary of China State Shipbuilding Corporation (CSSC) has finished construction on, and delivered, the world’s largest ever ‘very large liquefied gas carrier’ (VLGC) to Singapore from where it will initially be based.
Vietnam joins Asia’s LNG-reliant nations
PetroVietnam Gas, a branch of the Vietnam Oil and Gas Group, the nation’s state-owned energy entity based in Hanoi, is looking to purchase a first ever cargo of LNG to commission a newly built import terminal in the extreme south of the country.
Philippines commissions first LNG terminal
The Philippines has launched commissioning activities at its first LNG import terminal with the arrival of the 137,500 cubic metre ISH floating storage unit (FSU) on April 26 at the terminal jetty in Batangas Bay about 100 km south of Manila.
Latvia's LNG terminal plan stalled
Liquefied natural gas prices jump in Armenia
Driven by a dramatic rise in the price of liquefied natural gas, Armenia’s Commission for the Protection of Competition has conducted a preliminary study of the LNG market.
ADNOC cancels, relaunches gas development and relocates LNG plant
The Abu Dhabi National Oil Co. (ADNOC) has relaunched its multi-billion dollar Hail and Ghasha sour gas development project just days after it terminated pre-construction contracts awarded in January.
Argentina’s IEASA importing more LNG this year
Argentina’s state-owned Integración Energética SA (IEASA) has arranged to import more LNG cargoes this year than in 2022 because of the fall in LNG prices.
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