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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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'Daunting challenges lie in way of those minded to revive Trans-Caspian Pipeline project'
Analyst says: “TCP has great political appeal and is destined to remain alive for many years, if only on PowerPoint presentations... it will provide fodder for politicians and bureaucrats (ignorant of or not understanding commercial realities)."
European gas storage volumes reach 90% capacity
BEYOND THE BOSPORUS: Has Erdogan discovered more reserves of hot air?
So far the markets don’t see Turkey’s gas find in the Black Sea as a game-changer and the more cynical perceive Ankara as bigging it up to put a brake on the beleaguered lira. The jury, however, is still out.
Panama Canal marks Neopanamax transit milestone
The SK Resolute LNG carrier completed a transit last week that marked the 10,000th journey by a Neopanamax vessel through the Panama Canal since its expansion.
Cheniere’s Midship subsidiary requests extension to complete pipeline
Midship Pipeline, a subsidiary of US LNG exporter Cheniere Energy, has asked the Federal Energy Regulatory Commission for an extension until December 2022 to complete its natural gas pipeline.
Petronet reportedly considering scaling back Tellurian investment
India’s Petronet LNG is reportedly considering scaling back a proposed investment in US-based Tellurian’s Driftwood LNG project, which had previously been pegged at around $2.5bn.
Golar provides update on FSRU for LNG Croatia
LNG player Golar Energy has provided an update on its Viking floating storage and regasification unit conversion project, with CEO Iain Ross saying the vessel is due to depart from China to Europe in September.
Shell seeks sale of Norway’s Gasnor
Royal Dutch Shell is reportedly in talks to sell Norway-based gas business Gasnor, with the move forming part of a broader push to sell non-core assets.
Green energy could reduce Asian LNG production emissions by 8%
Using renewable energy to operate LNG production plants across the Asia-Pacific region could reduce emissions by about 8%
Gazprom’s European exports plunge, boosting China’s appeal
Security risks on the rise in Mozambique
Militants have seized control of Mocimboa da Praia, the main port of entry for Mozambique LNG supplies.
NRG: All the news at your fingertip
Algerian Energy Minister revises timeline for drop in gas exports
Algeria’s Energy Minister Abdelmajid Attar has said that the country’s natural gas exports are not likely to decline significantly before the end of the decade.
Small-scale LNG touted as solution to Permian’s flaring problem
A handful of players are touting small-scale LNG as a solution to the flaring of associated natural gas production in the US' Permian Basin, and recent policy developments may help to spur this approach.
Competition between pipeline gas, LNG in Europe rises as regasification capacity grows
LNG imports are increasingly competing with pipeline gas in Europe, with further regasification capacity under development.
Tellurian reduces cost of Driftwood Phase 1 by 30%
US-based Tellurian has amended the plan for the first phase of its proposed Driftwood LNG project, with the changes allowing the company to reduce the capital cost of Phase 1 by around 30%.
Chevron ordered to inspect remaining Gorgon trains for damage
Chevron and its partners in the Gorgon LNG project have been ordered by the government of Western Australia to inspect the propane heat exchangers at Trains 1 and 3 at the 15.6mn tonne per year liquefaction terminal.
Lithuania's KN aims at 5 LNG terminals by 2030
Neptune eyes Eni’s Australian assets
Neptune Energy is reportedly the latest party to express interest in buying Italian major Eni’s Australian oil and gas portfolio.
Woodside mulls acquisition opportunities
Australia’s Woodside Petroleum has said it is looking to acquire distressed oil and gas assets after reporting a 28% slide in its first-half adjusted profit.
Chinese company to buy stake in GNA’s LNG-to-power project
China’s State Power Investment Corp. (SPIC) has arranged to buy a stake in Gas Natural Açu (GNA), Latin America’s largest LNG-to-power project.
Cameron LNG enters full commercial operations with Train 3 start-up
Sempra Energy announced on August 10 that its Cameron LNG export terminal in Hackberry, Louisiana had entered full commercial service with the start-up of the third liquefaction train.
NRG: Bad news, good news
Amid bad news including the explosion in Lebanon and concerns about security at storage facilities in Libya, progress is being made elsewhere, with a licensing round launched in Somalia and a major acquisition announced in Canada.
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