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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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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.
Cheniere seeks permit for Corpus Christi LNG plant expansion
Cheniere Energy has filed an application with US regulators for another expansion of its Corpus Christi LNG export plant in Texas.
Japan’s JFE wins large-scale terminal deal in Taiwan
A Japanese engineering firm has been awarded a $230mn contract to oversee the planning and construction of a large-scale LNG receiving terminal in the north-west of Taiwan.
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.
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