GLNG - Global LNG

Asian spot LNG prices hit 3-month high

Asian spot LNG prices surged to a three-month high on June 16, Reuters reports. The rise in price reverses a multi-week drop as high temperatures in north-east Asia have boosted cooling demand.

Bangladesh to sign LNG supply deal with Oman

Petrobangla, Bangladesh’s state-owned national gas company will agree to a long-term supply deal of additional LNG stocks with Oman Trading International, an official at Petrobangla told Reuters on June 19.

Qatar and China sign second large LNG deal

Qatar has reached agreement to supply gas to a second Chinese company in less than a year. QatarEnergy announced on June 20 that it will provide China National Petroleum Corporation (CNPC) with 4mn tonnes per year of LNG over a 27-year period.

Novatek secures patent for second liquefaction technology

Russia’s leading LNG exporter Novatek reported last week it had obtained a Russian patent for a proprietary technology it calls Arctic Mix, designed for large-scale natural gas liquefaction using mixed refrigerants.

INK brings on stream Russia's second-biggest helium plant

The plant is situated at the helium-rich Yaraktinskoye oil and gas field, and is currently operating in trial mode. Once running on a commercial basis, it will produce 10mn litres of helium annually, INK said.

LNG Canada takes a step forward with all 192 modules for Phase 1 completed

The Shell-led LNG Canada project has reached another key milestone with all 192 modules for the first phase of the project completed, Upstream reported on June 16.

TotalEnergies to buy 17% stake in NextDecade

French energy major TotalEnergies has revealed it will purchase a 17.5% interest in US LNG developer NextDecade at a cost of $219mn.

GLNG: TotalEnergies to buy 17% stake in NextDecade

FLNG export facility proposed in US Gulf of Mexico

A floating LNG export facility has been announced 21 km off Grand Isle, Louisiana. The facility, by Grand Isle LNG, will have a smaller environmental footprint than land-based LNG and will produce competitively priced US LNG for export.

Venture Global LNG spars with offtakers over LNG deliveries

Venture Global LNG is disputing with offtake customers over delayed commercial deliveries of liquefied natural gas.

Freeport LNG’s three trains back running smoothly after restart

Freeport LNG’s three liquefaction trains are back running smoothly one year on from a costly fire and explosion in June 2022 that left the US’s second-largest LNG export facility offline for 10 months amid a lengthy approvals process.

Pakistan looks to LNG spot market, reaches deal with Azerbaijan

Pakistan is turning to the LNG spot market, with the country issuing two tenders for cargoes, Reuters reported on June 13. It marks the first time in close to a year that the country has looked to the spot market for LNG supplies.

Spain’s LNG imports dip in May, reloads rise

Spain has reported a drop in LNG imports in May with imports of the super-chilled fuel falling by 12.8% according to Enagas, the owner and operator of Spain’s national gas grid.

Australia’s Tamboran Resources secures site for proposed LNG plant

Sydney-headquartered Tamboran Resources announced on June 10 that it has obtained exclusivity rights from the Northern Territory Government for the development of a 170-hectare LNG project on the Middle Arm Sustainable Development Precinct.

GLNG: Trinidad to restart idled Atlantic LNG unit by 2027

Trinidad to restart idled Atlantic LNG unit by 2027

Trinidad and Tobago has revealed it plans to restart Atlantic LNG’s idled liquefaction train one. Latin America’s top LNG exporter hopes to have the unit restarted by the end of the first quarter of 2027, Reuters reported on June 7.

Qatar picks Air Products to provide LNG equipment for North Field South Project

State-owned gas giant Qatargas has selected US firm Air Products to provide its LNG Process technology equipment for the huge North Field South (NFS) project in Ras Laffan the American company revealed on June 13.

Russia’s Novatek reported to have offered LNG technology to Argentina

Russia's Novatek reportedly offered to make technology available for an LNG project targeting fields in Argentina’s Vaca Muerta shale formation, but did not manage to strike a deal.

Jordan, Egypt agree new gas deals centred on Aqaba FSRU

Jordan and Egypt last week signed agreements pertaining to Egypt’s supply of natural gas to Jordan and Egypt’s use of the FSRU installed at Aqaba Port in the Red Sea.

Nigerian LNG sales drop 20% in first quarter of 2023

Nigeria saw a significant fall in earnings from LNG exports in the first quarter of 2023. According to data from the National Bureau of Statistics, the country’s LNG sales plummeted by 18% to N622 billion ($1.34bn).

Duty falls on Novatek to drive Russian gas export growth amid Gazprom's demise

Russia’s Novatek has been looking to capitalise on the misfortunes of its larger state-owned rival Gazprom by ramping up LNG exports, in turn helping ease the pain of the country’s loss of most of its market share in Europe.

Gazprom delays launch of coalbed methane-to-LNG plant in Kuzbass region

Russia’s Gazprom has pushed back the planned launch of the country’s first plant for producing LNG from coalbed methane (CBM), the Vedomosti business daily reported last week, citing sources.

Williams on track with two gas pipeline projects

US midstream player Williams is on track to complete two natural gas pipeline projects in New Jersey and Louisiana on time by the end of 2024.

Japan’s MOL agrees to invest in Delfin FLNG

Floating LNG developer Delfin Midstream has reached a strategic investment agreement with Mitsui OSK Lines (MOL). Under the agreement, MOL will make an investment in Delfin and appoint a representative to join Delfin's board of directors.

Taiwan’s Yang Ming turns to Hyundai for five LNG-fuelled vessels

Leading Taiwanese shipping company Yang Ming has ordered five 15,500 tonne twenty-foot equivalent unit (TEU) LNG powered container ships from Hyundai Heavy Industries (HHI) in South Korea.