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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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Designers picked for Far East LNG project
DSME wins $550mn contract for Chevron’s Jansz-Io project
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) said last week that it had been awarded a contract by Chevron to build a field control station for the Jansz-Io gas project offshore Western Australia.
China reportedly seeks to resell LNG amid gas crunch
Two of China’s state-owned energy giants have reportedly offered to sell a number of LNG spot cargoes in a move that has surprised the market and could help ease pressure on Europe.
Woodside signs preliminary deal on Commonwealth LNG supply deal
Australia’s Woodside Energy announced on January 19 that it had signed a heads of agreement (HoA) with Commonwealth LNG to negotiate a supply deal from the latter’s proposed liquefaction terminal on the US Gulf Coast.
Panama Canal reports LNG transits down 30% year on year in December 2021
LNG transits via the Panama Canal decreased by 30% year on year in December 2021, according to data from the Panama Canal Authority (PCA).
Delfin targeting FID on FLNG project in 2022
Privately owned Delfin Midstream is targeting a final investment decision on its planned floating LNG project in the US Gulf of Mexico, offshore Louisiana, later this year.
Work begins on Hai Lang LNG-to-power project in Vietnam
Construction has begun on the first phase of the Hai Lang LNG-to-power project in Vietnam, according to a January 15 government announcement.
GLNG: Work begins on Hai Lang LNG-to-power project in Vietnam
Construction has begun on the first phase of the Hai Lang LNG-to-power project in Vietnam, according to a January 15 government announcement.
European Commission rules against merger between South Korean shipbuilders
The European Commission has blocked the proposed merger between South Korean shipbuilders HHI and DSME on competition concerns relating to the LNG carrier market.
NGC, Shell sign HoA on pre-FEED phase of work on Manatee gas processing
National Gas Co. of Trinidad and Tobago Ltd (NGC) indicated last week that it was gearing up to work with Shell on the processing of natural gas from the offshore Manatee field.
What drove LNG imports to record highs in Brazil?
Efforts to mitigate the impact of drought have made LNG a crucial component in Brazil’s energy mix.
Saipem wins Australia, Guyana offshore contracts
Italy’s Saipem has been awarded two new offshore contracts – one for the Scarborough project in Australia and the other for the Yellowtail development in Guyana. Combined, the two contracts are worth $1.1bn.
Japex buys into Vietnamese LNG project
Japan Petroleum Exploration (Japex) will participate in an LNG project in Northern Vietnam after signing a share purchase agreement with Iteco, the project’s promoter, in late December.
Russian gas major Novatek kicks off 2022 with LNG deals
Novatek signs Arctic LNG 2 supply agreements with two Chinese firms
Russia’s Novatek announced on January 11 that it had struck separate long-term supply agreements with two Chinese companies – Zhejiang Provincial Energy Group and ENN Natural Gas.
Saipem charters floating hotel vessel for GTA offshore gas project
Saipem, the Italian service provider that is serving as general contractor for the Grand Tortue/Ahmeyim (GTA) natural gas and LNG project, has chartered an offshore accommodation vessel for the offshore block.
GLNG: Novatek signs Arctic LNG 2 supply agreements with two Chinese firms
Russia’s Novatek announced on January 11 that it had struck separate long-term supply agreements with two Chinese companies – Zhejiang Provincial Energy Group and ENN Natural Gas.
European gas prices ease back from record highs
MOL to accelerate investment in LNG-fuelled vessels
Japanese shipping company Mitsui OSK Lines (MOL) said on January 5 that it would accelerate investment in LNG-fuelled vessels, as well as offshore wind power, this year as it pursues decarbonisation.
Karnataka partners with LNG Alliance to develop import terminal
The government of the Indian state of Karnataka has partnered with Singapore’s LNG Alliance and New Mangalore Port Trust (NMPT), a state port in Mangalore, to develop an LNG import terminal.
NextDecade delays Rio Grande FID until second half of 2022
US-based NextDecade has pushed back a planned final investment decision on its Rio Grande LNG project in Texas again, this time until the second half of 2022.
Sycar secures supply deal for Jambeli LNG with Colon LNG Marketing
US-based Sycar revealed late last month that it had secured a source of LNG for the import terminal it intends to build at Bajo Alto, a sheltered port in Ecuador’s southern El Oro province.
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