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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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Ksi Lisims LNG project in British Columbia moves ahead with environmental review
The Ksi Lisims LNG export project, led by the Nisga’a Nation, has been given the green light by the British Columbian government to enter environmental review for the $10bn floating LNG project in Canada’s northern Pacific coast.
Nigeria’s LNG output drops amid heavy flooding and pipeline sabotage
Nigeria’s LNG output has floundered in 2023, with a string of issues leaving the country’s six-train LNG facility on Bonny Island in the Niger Delta producing far below capacity since last year.
Sempra launches Port Arthur LNG project
Sempra Infrastructure Partners has reached a final investment decision for the development, construction and operation of the Port Arthur LNG phase 1 project in Jefferson County, Texas.
Leviathan partners boost field valuation, plan higher output, exports
The partners in Israel’s giant offshore Leviathan gas field have placed a new value on the reservoir’s value following an updated report on it status by Texas-based Netherland, Sewall and Associates.
Peru LNG exports five cargoes in February
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw total LNG export volumes rise slightly month on month in February 2023.
Gazprom unveils another LNG project in Tatarstan, expanding domestic gas demand to offset export losses
Gazprom LNG technologies is constructing another small-scale LNG factory for RUB28bn in Tatarstan, where the capacity of gas filling stations is used only by 20%, but probably “it is early to talk about economic effect”.
ExxonMobil considers resuming and expanding Mozambique’s Rovuma LNG project
ExxonMobil Corp. is contemplating restarting the Rovuma LNG project in Mozambique’s restive Cabo Delgado Province in the country’s north. The company has called for expressions of interest to design and construct the LNG plant.
Novatek sees profits double in 2022 on higher LNG export revenues from Europe
Novatek reported a doubling of profits in 2022, Interfax reported on March 16, thanks to a jump in shipments to the highly-priced European market, despite fallout from Moscow’s war in Ukraine.
Lukoil says Marine XII offshore Congo to start producing LNG in December
Russia’s Lukoil says Marine XII, a licence area located offshore the Republic of Congo (ROC), is set to begin producing LNG before the end of the year.
Shell eyes LNG collaboration with India's GAIL
Angola LNG cancels tender for upcoming cargo shipments
Angola LNG confirmed on March 22 that it had cancelled tenders for LNG cargoes scheduled for delivery in April because of problems on its production line.
Capacity utilisation rising at Nigeria LNG
NLNG has reportedly seen utilisation rates rise since the beginning of 2023, marking a partial recovery from the production issues it experienced in Q4 2022.
NFE concludes sale of 50% stake in Hilli Episeyo FLNG operating offshore Cameroon to Golar LNG
US-based New Fortress Energy (NFE) confirmed on March 15 that it had concluded the sale of its entire stake in the Hilli Episeyo, an FLNG vessel operating offshore Cameroon, per the terms of the deal it signed with Bermuda-registered Golar LNG.
T&T preparing for more talks on Dragon
As T&T hopes for a quick deal that might launch the Dragon gas field in two years, other observers say more time is needed to launch development.
Venture Global moves ahead with second phase of Plaquemines LNG
Venture Global LNG will proceed with the second phase of the Plaquemines LNG export terminal in Louisiana, the company revealed on March 13. Having secured $7.8bn in project financing a final investment decision (FID) was made.
Company seeks $20bn compensation from Canada for LNG terminal denial
The companies behind the $10.1bn GNL Québec and Gazoduq projects in Québec are seeking $20bn in compensation from the federal government of Canada for turning down an LNG terminal, Énergie Saguenay.
Osaka Gas to purchase more LNG than usual in upcoming fiscal year
Japan’s Osaka Gas will buy more LNG than usual in the financial year beginning in April as it seeks to guarantee a stable supply of the super-chilled fuel as experts predict global supply will remain tight.
Petronas enjoys profit bump from high prices, increased sales volumes
Malaysia’s Petronas reported on March 13 a 55% climb in profits for the first quarter on the back of higher prices and increased sales volumes.
YPF, Petronas hope to make FID on Argentina GNL project next year
Argentina’s YPF and Malaysia's Petronas expect to make a final investment decision on a natural gas and LNG project in 2024.
Pembina and Haisla Nation’s Cedar LNG project in Canada receives environmental approval
The proposed $2.4bn Cedar LNG project to be developed by the Haisla Nation indigenous group and Pembina Pipeline in Kitimat, British Columbia has been granted environmental approval by the provincial government.
Qilak LNG plans $5bn LNG facility in Alaska
Qilak LNG has revealed it is seeking to build a 4mn tonne per year LNG export terminal in Alaska’s North Slope to be completed by the end of the decade.
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