GLNG - Global LNG

GLNG: Qilak LNG plans $5bn LNG facility in Alaska

French LNG terminals shut down by strike action

France’s four LNG terminals went offline early last week as a result of industrial action. They are not likely to resume operations until March 14. Their shutdown triggered a spike in European gas prices, which for weeks have seen steady decline.

Russia may issue more LNG development permits

The Russian government may issue permits for the development of fields to underpin LNG export projects in the northern areas of the Krasnoyarsk and Yamalo-Nenets regions, Prime Minister Mikhail Mishustin said last week.

Rosneft to reap modest reward from Russian LNG liberalisation

Rosneft stands to gain the most from proposed liberalisation of the Russian LNG market, Kommersant reported on March 9, but ultimately the impact of the drafted changes is not likely to be significant, nor result in new players entering the market.

Brussels calls for no new supply deals for Russian LNG

The European Commission has urged EU countries and companies not to enter into new supply contracts for Russian LNG, in order to further reduce the bloc’s use of the latter’s LNG.

Freeport LNG receives restart approval for final liquefaction train

Freeport LNG, the US’s second-largest LNG export terminal, was granted regulatory approval for the restart of liquefaction train 1 on March 8. It was the only remaining liquefaction train that had not been restarted yet at the 15mn tpy facility.

Iran recommences work on abandoned LNG project

TotalEnergies pushes on with Papua LNG FEED

TotalEnergies has announced that it will develop the Papua LNG project using four electrical trains, while moving ahead with front-end engineering and design to sell down a stake in the project to JX Nippon.

Korean shipping giant wins large-scale LNG carrier contract

It was revealed earlier in the month that South Korean shipping giant Korea Shipbuilding & Offshore Engineering (KSOE) had been awarded a large-scale shipbuilding contract by an as yet anonymous US ship owner-operator for a trio of LNG carriers.

Papua LNG project moves ahead to next stage

The Papua LNG project, Papua New Guinea’s second gas project moved ahead to its next stage with a fully integrated front-end engineering and design launched on March 7 by its joint venture partners Santos, TotalEnergies and ExxonMobil.

Australian LNG terminals export less in February as fears grow over short-term market intervention

2022 marked a banner year for LNG exports for Australia as the global leader shipped 10.7bn cubic feet per day of the super-chilled fuel, surpassing the US, which exported 10.6 bcf per day and Qatar, which sent 10.5 bcf per day abroad last year.

GLNG: Australian LNG terminals export less in February as fears grow over short-term market intervention

Chesapeake signs 15-year LNG supply deal with Gunvor

Oklahoma-headquartered shale gas producer Chesapeake Energy Corp. announced on March 6 that it has reached a 15-year LNG supply agreement with Swiss commodity trader Gunvor Group.

Conversion work begins in Singapore for Alexandroupolis FSRU

Greece’s GasLog has delivered a vessel to the Keppel shipyard in Singapore for its conversion into a floating storage and regasification unit (FSRU). Later the vessel will be installed off Greece's northern coast near the port of Alexandroupolis.

Tanzania completes talks with Equinor and Shell on $30bn LNG project

Tanzania has concluded negotiations on a $30bn LNG project with Equinor (Norway) and Shell (UK), creating an opportunity for launching the development of the country’s vast offshore natural gas resources after years of delay.

Petronas, YPF sign initial land lease deal on LNG project with Bahia Blanca port authority

Malaysia’s Petronas and Argentina's YPF have signed an initial land lease deal with the port of Bahia Blanca, a move that will allow them to move forward with a major LNG export project.

Poland’s gas grid operator probes market demand for expansion of planned LNG terminal in Gdansk

Russian Novatek said to confirm buying 27.5% in Sakhalin-2

Leonid Mikhelson, the head and shareholder of Novatek, said in September 2022 that the company would decide on buying the stake after a due diligence audit.

Petrobras says LNG imports fell sharply in 2022

Brazil’s national oil company Petrobras has announced that its LNG imports dropped sharply in 2022, sinking by 74% on the previous year.

Gazprom unveils $3bn East Siberian LNG project

Gazprom plans to develop a $3bn mid-sized LNG export terminal in Eastern Siberia, as Russia scrambles to expand its liquefaction capacity following the loss of most of its European gas market share.

AfrOil: Saipem CEO sees Mozambique LNG resuming work in July 2023

Global energy sector emissions reach new high in 2022

Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.

German LNG infrastructure costs set to exceed budget

The cost of infrastructure for planned floating LNG terminals in Germany is set to surpass expectations, the government said on March 3, warning taxpayers that stronger energy security would come at a cost.

China claims ship-to-ship bunkering record

China’s first domestically produced LNG bunkering vessel, the Hai Yang Shi You 301, has set a record as the largest ever vessel to achieve a successful ship-to-ship bunkering.

BCS forecasts a gas price of $445/kcm for 2023 as demand drops and supplies increase

European gas demand is likely to decrease by 10 bcm in January and February, owing to warmer weather than usual and conservation measures, BCS said in a note on March 2.