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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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France welcomes first floating storage regasification unit
France has joined the list of European countries beefing up their LNG capacity with new terminals following the arrival of the country’s first floating storage regasification unit at the northern port of Le Havre.
Port Arthur LNG gets federal approval for phase 2
The Federal Energy Regulatory Commission (FERC) has approved the permit authorising the Port Arthur LNG Phase 2 expansion project on the Gulf Coast of Texas.
Chevron and unions reach agreement, ending strikes at Australian LNG plants
A union alliance representing workers at Australia’s Gorgon and Wheatstone LNG plants reached agreement with Chevron on a proposal by the country’s industrial arbitrator, ending a two-week strike on September 22.
Novatek pushes for state support for hard-to-recover gas resources
Developing hard-to-recover natural gas reserves in Russia requires a special state support programme, Vladimir Kudrin, the deputy chairman of the board of the country’s top LNG exporter, Novatek, said at a forum in Tyumen on September 20.
Mexico closes in on inauguration of first floating LNG facility
Mexico’s first floating LNG (FLNG) terminal is set to move one step closer to beginning commercial operations, with the final key infrastructure piece needed for the plant to start production slated to leave from a Texas shipyard this week.
Mozambique’s president says ExxonMobil is committed to Rovuma LNG project
Mozambique’s President Filipe Nyusi said on September 22 that the US super-major ExxonMobil had assured him of its commitment to moving forward with the Rovuma LNG project.
China’s Bomesc wins EPC deal for Qatar’s North Field
Italian contractor Saipem has awarded Chinese modular fabrication specialist Bomesc Offshore Engineering a $220mn contract to build living quarters as part of Qatargas’ North Field Production Sustainability (NFPS) project.
Former CFO of Russian gas major Novatek jailed in US
Mark Anthony Gyetvay, a former deputy chief and CFO of the Russian Novatek, was sentenced on 21 September to seven years and two months in a US prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts.
US to impose new sanctions on Russia’s booming LNG exports
The US is piling the pressure on Russia’s booming LNG exports with a new round of sanctions that will make production and transport more complicated. The latest round of sanctions takes aim at Russia's LNG expansion and trade efforts.
Mitsui affirms commitment to new US-led sanctions on Russia's Arctic LNG 2 Project
In response to the recent imposition of fresh US sanctions related to Russia's Arctic LNG 2 gas project, Japan’s Mitsui has announced its intent to comply fully with the restrictions.
Gas prices in Serbia to increase by 10% starting November 1
Panama Canal's drought-induced restrictions make EU more attractive destination for LNG cargoes
Continuing disruptions in the Panama Canal – a critical conduit for US shipments to Asia – are influencing the flow of LNG deliveries to Europe and encouraging the utilisation of floating storage.
US Chevron plans to invest $3bn over two years to develop Nargis gas field in offshore Med
US oil and gas major Chevron plans to invest $3bn over two years starting in the first half (January-June) of 2024 to develop Egypt’s Nargis gas field in the offshore East Mediterranean, Bloomberg Asharq Business reported.
ConocoPhillips signs 15-year deal for regasification capacity at Holland’s Gate LNG terminal
US oil major ConocoPhillips has reached a 15-year commercial agreement for the obtainment of approximately 1.5mn tonnes per year of additional regasification capacity at the Netherlands’ Gate LNG terminal, the company revealed September 18.
Commonwealth LNG signs 15-year supply deal with EQT
Houston-based LNG developer Commonwealth LNG has signed a 15-year supply deal with independent natural gas firm EQT, the company announced on September 19.
Indonesia takes step forward for floating LNG vessel off Madura
Indonesia has moved a step closer to deploying a floating LNG vessel off Madura Island with the announcement on September 13 that Malaysian oil services firm Bumi Armada has signed a non-binding agreement with Davenergy Mulia Perkasa (DMP).
Germany vows to strengthen LNG capacity
Germany will strengthen its LNG capacity to retain energy diversity in the face of a potential supply shortage, a key official in the country’s energy ministry stated at an industry event on September 19.
GLNG: Germany vows to strengthen LNG capacity
Sempra completes sale of 42% stake in Port Arthur LNG Phase 1 to KKR
Sempra Infrastructure, a subsidiary of US public utility Sempra, announced on September 14 that it has successfully completed the sale of a 42% indirect non-controlling stake of its Port Arthur LNG Phase 1 project to US global investment company KKR.
Russia clears use of non-reinforced oil tankers in Arctic in bid to ensure exports stay high
Russia has permitted unreinforced oil tankers to travel through the Northern Sea Route in the Arctic – a route the country has had to rely increasingly on to export its oil, natural gas and other natural resources in the face of Western sanctions.
Russia's energy ministry backs new LNG liberalisation initiative
Russia’s energy ministry has thrown its support behind the partial liberalisation of LNG exports in a bid to bring more projects on stream faster, by granting subsidiaries of companies that already have export licences the right to ship LNG abroad.
EU continues calls to eliminate Russian LNG
EU Energy Commissioner Kadri Simson called on September 14 for the bloc to curb its Russian LNG imports with the end-goal of eliminating them completely, as Brussels considers ways of further strangling Moscow’s revenue source.
Thailand's Gulf-Ratch secures LNG supply agreement with Gunvor for power generation
Thailand's Gulf Energy Development pl (GULF), in collaboration with Ratch Group Public Company Limited (RATCH) have announced a significant milestone in their joint venture project.
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