GLNG - Global LNG

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.

Further disruptions to French LNG, refineries amid strikes over pension reform

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.

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.