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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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Shell, PipeChina sign terminal use agreement
Subsidiaries of Shell and China Oil & Gas Piping Network – known as PipeChina – have signed a memorandum of co-operation (MoC) and two terminal use agreements.
P’nyang partners sign gas agreement with PNG government
The partners in the P’nyang gas project have signed an agreement with the government of Papua New Guinea over the field’s proposed development.
Eni and Brazzaville eye gas export prospects
Eni has unveiled plans for installing 2mn tpy of LNG production capacity in the Republic of Congo’s offshore zone.
Phoenix Development Co. awards FEED contract for proposed gas and LNG hub offshore Suriname
Houston-based Phoenix Development Co. (PDC) has signed a contract with Dallas-based Schwob Energy Services (SES) for front-end engineering and design services on a gas hub and LNG plant offshore Suriname.
China’s Sinopec to establish $179mn LNG storage tank in Algeria
Russia's Novatek gas major buys back more shares
Cayman Islands power provider considers switching from diesel to gas
Caribbean Utilities Co. (CUC), the national power provider of the Cayman Islands, is reportedly considering switching from diesel to regasified LNG as its main fuel for electricity generation.
Shell warns that LNG market will remain tight in 2022
GLNG: Shell warns that LNG market will remain tight in 2022
Shell said on February 21 it expected the global LNG market to remain tight in 2022, after a 6% climb in demand last year.
Eiffage finishes all 21 caissons for FLNG breakwater at GTA field
Eiffage Genie Civil (France) has finished building all 21 of the caissons that will form a breakwater protecting the FLNG vessel at the Greater Tortue/Ahmeyim (GTA) gas field offshore Senegal and Mauritania.
Novatek revives Obskiy LNG project
Shell executive notes ‘progress’ on LNG project in Tanzania
Sonatrach signs contract with two Sinopec subsidiaries for Skikda LNG storage tank
Algeria’s national oil company (NOC) Sonatrach has signed a contract for the construction of a new storage tank at the Skikda LNG plant with two subsidiaries of China’s Sinopec.
Australian oil and gas firms post profits
Several of Australia’s oil and gas producers have reported improved profits, buoyed by rising commodity prices
ConocoPhillips completes purchase of additional APLNG stake
ConocoPhillips announced on February 17 that its Australian subsidiary had completed its $1.645bn purchase of an additional 10% stake in the Australia Pacific LNG (APLNG) project from Origin Energy.
China seeks greater global LNG trading role
China is reportedly working to establish itself as a major player in global LNG trading, bolstered by liberalisation at home and contracts abroad.
Novatek profits soar on high gas prices in 2021
Thailand lays plans for another LNG regasification terminal
CHEC to act as subcontractor for NLNG’s Train 7 project
China Harbour Engineering Co. (CHEC) is slated to act as a subcontractor for the Train 7 expansion project at the Nigeria LNG (NLNG) plant on Bonny Island.
Saipem says it will appeal Algerian court’s conviction on Arzew LNG fraud charges
Italy’s Saipem said on February 15 it will appeal its conviction in an Algerian court on criminal charges of fraud related to the award of a contract in 2008 for the construction of the Arzew LNG plant.
GLNG: China seeks greater global LNG trading role
China is reportedly working to establish itself as a major player in global LNG trading. The move comes around 20 years after the country made a similar push into oil trading.
AfrOil: TotalEnergies CEO qualifies statements on Mozambique LNG restart
Patrick Pouyanné, the CEO of TotalEnergies (France), has qualified his recent statements about the possibility that work on the Mozambique LNG project may resume before the end of this year.
UK unlikely to face physical shortage if Russian gas flow to Europe disrupted: OIES
Pouyanné says Mozambique LNG restart may take more than a year
Patrick Pouyanné, the CEO of TotalEnergies (France), has qualified his recent statements about the possibility that work on the Mozambique LNG project may resume before the end of this year.
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