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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.
With this in mind, success can be lost or guaranteed on the basis of accurate and timely information. GLNG offers readers a macro-view of international LNG news, divided by global region. GLNG is published on Thursdays and also incorporates an extensive News in Brief section. This includes detailed and up-to-date information as it breaks, from various sources across the world.
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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.
GLNG: US LNG exports reach record high in March, elevated by Freeport’s return to full power
Novatek bids to acquire stake in Sakhalin-2 project, replacing former partner Shell
Russia’s leading LNG producer Novatek has applied to join Gazprom at the Sakhalin-2 oil and LNG project, replacing former shareholder Shell,
Venture Global to make repairs at Calcasieu Pass, delaying start of commercial operations
US LNG company Venture Global LNG will make repairs at the Calcasieu Pass export plant in Louisiana, delaying the start of the facility’s full commercial operations, the company revealed on March 31.
Finland receives first LNG cargo at new terminal
The cargo arrived on board the Vivit Americas LNG tanker from the US. It was bought by Estonia’s Elenger and sold by commodity trader Vitol, which procured it from the Venture Global-operated Calcasieu Pass terminal in Louisiana.
Pieridae Energy abandons plans to transport gas from Western Canada to Nova Scotia
The company is seeking to build a facility to export LNG from Nova Scotia, on Canada’s East Coast, to Europe.
Baker Hughes selected as main supplier of equipment for Port Arthur LNG
Houston-headquartered energy technology company Baker Hughes was selected by construction firm Bechtel on March 27 to serve as the main supplier of liquefaction equipment for Sempra Infrastructure’s Port Arthur LNG Phase 1 project.
Brookfield, EIG to acquire Origin for $12.4bn
Brookfield and EIG's MidOcean Energy consortium have agreed to purchase Origin Energy, which operates in the power and LNG markets in Australia. The acquisition is worth AUD18.7bn ($12.4bn) and will pay AUD8.91 ($5.9) per share.
Excelerate’s Excelsior FSRU will interrupt German charter for seasonal service in Argentina
Excelerate Energy has confirmed that its FSRU Excelsior will suspend its German charter to serve as an LNG import facility on a seasonal basis at the Bahia Blanca terminal in Argentina.
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