GLNG - Global LNG

Eni contracts CIMC Raffles to convert semi-sub rig to FPU for installation offshore Republic of Congo

Italy’s Eni has contracted China’s CIMC Raffles to convert the Scarabeo 5 semi-submersible rig into a floating production unit (FPU) for its Congo FLNG project.

Oman LNG strikes supply deal with Germany's SEFE

Oman LNG has reached a binding term-sheet agreement with Germany’s state-owned Securing Energy for Europe (SEFE) on the supply of 0.4mn tonnes per year of LNG from 2026 for four years, the Omani state news agency reported on August 14.

LNG Japan agrees 10% share in Western Australia’s Scarborough field

A Tokyo-based Sumitomo-Sojitz joint venture known as LNG Japan Corporation has agreed to purchase a 10% stake in the Scarborough gas field, 233 miles (375 km) off Western Australia.

Argentina's Enarsa cancels LNG cargo amid lower demand due to warmer weather

Argentina’s state-run energy company Enarsa has cancelled a shipment of liquefied natural gas, a source familiar with the matter revealed. This comes as the South American country experiences warmer winter weather than what was previously expected.

Colombia’s proposed Pacific LNG project receives first bid

Colombia’s long-delayed Pacific LNG import terminal received its first bid to build and operate the country’s second LNG facility, BNamericas reported on August 12.

First Arctic LNG-2 train arrives at project site

Russia’s Novatek has announced the delivery of the first train of its planned Arctic LNG-2 terminal to the project site on the western shore of the Gydan Peninsula in the Arctic, ahead of its scheduled launch before the end of the year.

AfrOil: NLNG operations still disrupted due to unavailability of pipelines

Woodfibre LNG moves ahead with construction of modules

Woodfibre LNG, a unit of Singapore-based Pacific Energy, has announced that it has given approval to a Chinese fabrication plant to commence building the 19 modules that will comprise the CAD6.8bn ($5.1bn) LNG facility.

GLNG: Woodfibre LNG moves ahead with construction of modules

Cedar LNG partners push back targeted FID date

The partners in Canada’s Cedar LNG project, the Haisla Nation and Pembina Pipeline, have pushed back the target date for a final investment decision on the project to the fourth quarter of this year.

Tourmaline joins Ksi Lisims LNG project

Canada’s Tourmaline Oil announced last week that it had joined Rockies LNG Partners, the group developing the proposed Ksi Lisims LNG project on the British Columbian coast.

Chevron, Woodside hold talks on avoiding LNG strike action

Chevron and Australia’s Woodside said on August 10 they are holding talks with unions to prevent strikes at gas facilities that together account for a tenth of global LNG supply.

Leading LNG player Qatar, key market Europe shun each other

The ramifications of heightened energy prices and the prevailing energy crisis have reshaped LNG contract preferences, favouring longer-term deals. This trend is not limited to certain players but applies to Qatar in particular.

EU gas prices soar 40% on August 9 amid Australian supply fears

European natural gas prices saw a remarkable surge of nearly 40% on August 9, driven by growing fears of disrupted LNG supply from Australia. This unforeseen development rattled traders, who were banking on further declines in gas prices.

Norway approves Snovhit Future project

Norway’s state-owned oil company Equinor and its other partners in the Snohvit gas development in the Barents Sea have received the green light from the Norwegian government to proceed with the Snohvit Future project.

Industry trends help reinforce Nigeria’s deal with Golar LNG

NNPCL’s increasing interest in FLNG projects is in line with global LNG operators’ flagging interest in onshore LNG plants.

NFE expects to launch Altamira, Mexico FLNG project in September

US liquefied natural gas firm New Fortress Energy (NFE) is expecting to launch its first floating LNG project off Altamira in Mexico in September. NFE's Pioneer III utilities and accommodation rig recently arrived from Texas.

Russian gas company revenues set to more than halve in 2023

Russian natural gas companies could see their revenues plummet by over half in 2023 compared with the previous year, according to findings released on August 7 by Russian consulting firm Yakov and Partners.

Asian demand for LNG highest in six months in July as demand in Europe declines

Driftwood LNG’s supply deal with Gunvor terminated

A 10-year LNG supply agreement between Driftwood LNG, the subsidiary of US LNG developer Tellurian, and Gunvor Singapore Pte Ltd has been annulled, according to a filing by Tellurian to the US Securities and Exchange Commission on August 1.

Japan’s LNG imports set to fall with relaunch of nuclear reactors

LNG imports by the world’s top buyer are set to drop in 2023 as Japan reboots nuclear reactors in order to address its energy shortage Reuters reported on August 3.

GLNG: Japan’s LNG imports set to fall with relaunch of nuclear reactors

Gazprom subsidiary sues UniCredit over delayed Ust-Luga LNG project

RusKhimAlyans, a 50:50 JV between state-owned Gazprom and a private firm called RusGazDobycha, has filed a RUB45.7bn ($472mn) lawsuit against Italy’s UniCredit over its failure to fulfil obligations as guarantor of the Ust-Luga LNG project.

German Baltic Sea LNG terminal sued by environmental group

German Baltic Sea LNG terminal, which is privately operated by Deutsche ReGas, has been sued by a German environmental group, Reuters reported on August 8.

Peru LNG reports export volumes down more than 55% in July

Peru LNG saw its LNG export volumes sink by more than 55% month on month in July 2023.