GLNG - Global LNG

Alaska LNG faces hurdle after Japan and South Korea reject proposed project

The US’s proposed Alaska LNG project has hit a major road bump with Japan and South Korea declaring they will neither invest in or sign contracts to purchase LNG from the project, The Wall Street Journal reported on July 25.

BP vows to defend its rights in arbitration case against Venture Global

BP has declared it will defend its rights “to the absolute fullest” in its arbitration case brought against Venture Global LNG for failing to deliver contracted cargoes, BP’s chief executive officer, Bernard Looney, told Reuters on August 1.

Bio-LNG now possible in over 60 ports

The green LNG bunkering market has grown with bio-LNG now available in almost 70 international ports, including key shipping hubs such as Singapore and Rotterdam according to an analysis released by SEA-LNG on July 27.

India’s Petronet seeks LNG extension deal with Qatar at lower prices

India’s state-owned LNG company Petronet LNG will attempt to extend with Qatar its long-term gas import deal at lower prices than the Gulf country offered China and Bangladesh in recent deals, Reuters reported on July 31.

Yamal LNG output slumps in June

Natural gas production at the Yamal LNG project in June slumped by 35% year on year to nearly 2bn cubic metres, the Moscow-based Vedomosti newspaper reported on August 3, citing sources in the Russian energy ministry.

Dragon deal delayed as Venezuela digs in

Port of Spain is keen to push the Dragon gas development project forward, but little progress is likely in the short run because of Caracas’ insistence on favourable terms.

US LNG exports climb in July after completion of maintenance works

The US has recorded a 9% rise in LNG exports in July compared to June, Reuters reported on August 2 citing preliminary data from Refinitiv Eikon.

BP says GTA’s start date for gas production has been pushed back to Q1 2024

BP (UK) has postponed the start-up of natural gas production at the Greater Tortue/Ahmeyim (GTA) block, located offshore Mauritania and Senegal.

Mozambique LNG still negotiating costs with contracts, TotalEnergies CEO confirms

Patrick Pouyanne, the CEO of TotalEnergies, confirms that his company is still negotiating with contractors on construction costs for the Mozambique LNG project.

Venture Global LNG’s Calcasieu Pass 2 receives final environmental approval

Venture Global LNG’s Calcasieu Pass 2 (CP2) project received environmental approval from the US Federal Energy Regulatory Commission on July 28, Reuters reports.

BP signs 10-year deal with OMV to supply LNG

British oil and gas major BP and Austria’s OMV agreed to a long-term sale and purchase agreement for LNG, the two companies announced on July 28.

More delays looming for Mozambique LNG?

Saipem’s predictions of a July restart for Mozambique LNG have not borne fruit due to the difficulty of resolving cost disputes with TotalEnergies

Italian oil industry service provider Saipem notes progress towards resumption of LNG project development in Mozambique

Italian energy services group Saipem has said work to resume construction of a $20bn LNG project in northern Mozambique in which it is involved is well underway.

Eni snaps up Chevron stakes in three Indonesian blocks

Italy’s Eni announced this week it has purchased Chevron’s operating stakes in three production-sharing contracts off Indonesia, as the company looks to broaden its footprint in the country and fast-track key projects there.

Higher rain levels in Brazil help stave off gas pain in Europe

The end of Brazil’s drought has allowed US sellers to send more LNG to Europe, but these conditions may not persist beyond the short term.

EU, Venezuela in talks on methane capture, exports

At least three European firms are slated to work with Venezuela's PdVSA to start trapping methane emissions and sending them to Atlantic LNG for processing and export.

Argentina says it turned away Russian-produced LNG because of sanctions

Buenos Aires has cited sanctions against Moscow as the reason for a state-owned company’s decision to refuse delivery of a cargo of Russian-produced LNG last week.

Arctic LNG-2 to reach full capacity in Q1 24, says Novatek head

Russia’s top LNG producer Novatek expects the first train of its Arctic LNG-2 project to reach its full capacity of 6.6mn tonnes per year in the first quarter of 2024, CEO Leonid Mikhelson told reporters late on July 20.

German resort town calls for probe into finances of LNG project operator

The German resort town of Binz has called for an anti-money-laundering probe into the finances of the operator of a planned LNG terminal that it opposes over its environmental impact.

Novatek to raise LNG supplies to Japan

Russian natural gas producer Novatek plans to ship over 2mn tonnes per year of LNG from the Arctic LNG 2 plant, Reuters reported on July 21.

GLNG: ExxonMobil plans to double LNG production by 2030

ExxonMobil plans to double LNG production by 2030

ExxonMobil has ambitious plans to produce around 40mn tonnes per year of LNG by the end of the decade, the company’s senior vice-president of LNG marketing, Andrew Barry, told Nikkei Asia on July 19.

Nigeria’s NNPCL to build first domestic floating LNG project

The Nigerian National Petroleum Company Ltd and UTM Offshore have signed a heads of terms agreement for the construction of the country's inaugural domestic floating liquefied natural gas project.

BP, Shell initiate arbitration claims against Venture Global LNG

BP and Shell are pursuing arbitration claims against Venture Global LNG, according to Reuters.

Cheniere Energy sets sights on new gas pipeline to support LNG expansion

US LNG exporter Cheniere Energy is considering constructing a new pipeline to feed its Sabine Pass expansion project in Louisiana to other pipelines in key shale gas production areas in an effort to diversify its risk Reuters reported on July 19.