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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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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.
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.
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