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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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QatarEnergy takes over at Qatargas, hands out EPCI work
GLNG: Venture Global strikes supply deal with CNOOC
The US’ Venture Global LNG announced in late December that it had struck a deal to supply LNG to a subsidiary of China National Offshore Oil Corp. (CNOOC).
MOL, Vopak partner on FSRU for Hong Kong
Mitsui OSK Lines (MOL) and Royal Vopak announced this week that they had agreed to jointly own and operate a floating storage and regasification unit (FSRU) set to serve the first Hong Kong LNG import terminal.
YPF exec says Argentina is studying LNG export plans
Argentina’s national oil company YPF is reportedly looking into proposals for establishing LNG export capacity in the expectation that production levels will rise at fields in the Vaca Muerta shale formation.
LNG sector gaining momentum in Brazil
Excelerate begins deliveries to the Bahia LNG terminal amid record Brazilian gas imports, NFE’s signing of Alunorte deal.
Venture Global receives permission to start commissioning second Calcasieu Pass block
The US Federal Energy Regulatory Commission (FERC) this week gave Venture Global LNG permission to begin commissioning liquefaction systems at a second block at the company’s Calcasieu Pass liquefaction plant.
Cheniere reported to have struck July supply deal with NFE
US LNG producer Cheniere Energy reached a six-year supply deal with an affiliate of New Fortress Energy (NFE) in July, a recently released letter to the US Department of Energy has shown.
Eagle LNG, WEB Aruba sign agreement on LNG terminal construction
US-based Eagle LNG Partners has struck an agreement with WEB Aruba, the national water and power provider of Aruba, on the construction of an LNG regasification terminal at the site of an existing oil refinery in San Nicolas.
LatAmOil: Eagle LNG, WEB Aruba sign agreement on LNG terminal
US-based Eagle LNG Partners has struck an agreement with WEB Aruba, the national water and power provider of Aruba, on the construction of an LNG regasification terminal at the site of an existing oil refinery in San Nicolas.
GLNG: Excelerate begins deliveries to Bahia LNG
Excelerate Energy announced on December 8 that it had begun receiving gas deliveries at Brazil’s Bahia LNG import terminal in Salvador, Bahia State.
US heads for LNG dominance
The US is on course to have the world’s largest LNG export capacity by the end of 2022, following the start-ups of Sabine Pass Train 6 and Calcasieu Pass.
Malaysia’s Sabah to form state oil and gas company following Petronas deal
Malaysia’s Sabah State has signed a commercial collaboration agreement with state-owned Petronas on oil and gas development in the state, which will lead to the formation of its own oil and gas company.
ConocoPhillips makes moves in Indonesia, Australia
US-based ConocoPhillips is selling its assets in Indonesia to MedcoEnergi for $1.355bn, while also exercising its right to buy an additional 10% stake in the APLNG project in Australia that had been due to be sold to EIG Global Energy Partners.
Egypt ‘now key supplier of LNG to Turkey’
UTM Offshore inks $5bn financing deal with Afreximbank for Nigeria’s first FLNG project
Abuja-based UTM Offshore has signed a deal with Afreximbank to secure up to $5bn to develop Nigeria’s first floating LNG producer.
Britain sued by Friends of the Earth over Mozambique LNG project
The United Kingdom credit agency’s financial support for Mozambique’s natural gas project is being challenged in the British High Court by Friends of the Earth.
QatarEnergy signs more LNG supply deals
Santos-Oil Search merger clears more hurdles
The proposed merger between Santos and Oil Search is closer to reality after receiving approval from Papua New Guinea’s (PNG) Securities Commission. In the same week, over 95% of Oil Search shareholders voted in favour of the merger.
Prelude FLNG operations suspended following fire
Royal Dutch Shell suspended operations at its Prelude floating LNG (FLNG) facility offshore Western Australia after a fire broke out on the vessel last week.
GLNG: Prelude FLNG operations suspended following fire
Royal Dutch Shell suspended operations at its Prelude floating LNG facility offshore Western Australia after a fire broke out on the vessel last week.
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