Rystad: LNG to balance European demand in absence of Russia
Europe can rebalance its gas supply and replace Russian gas imports before 2030, but will have to take some tough decisions on LNG.
LNG
MAM launches to tackle LNG fuel’s methane slip problem
A new group is launching today with a focus on managing methane emissions in shipping, using LNG as a fuel.
Woodside signs up for Commonwealth’s US LNG
Australia’s Woodside Energy (ASX:WDS) will take up to 2.5 million tonnes per year of liquefied natural gas (LNG) exports from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana, after confirming a 20-year deal.
JERA, Uniper target LNG supplies, then ammonia
Japan’s JERA and Germany’s Uniper have teamed up to back an ammonia project in the US Gulf Coast, with a focus on exports to Germany. In the near term, it should also secure new LNG supplies.
German-Canada hydrogen plans set the marker for progress
Germany has been on the hunt for new LNG supplies in order to stave off the near term crisis of stuttering Russian gas supplies. Chancellor Olaf Scholz’s visit to Canada did not come through on the LNG front, but he did seal an ambitious deal on hydrogen.
Petronas signs LNG export feasibility study with Argentina
Argentina is taking preliminary steps to tap its potential for exporting liquefied natural gas (LNG) with Malaysia’s Petronas, President Alberto Fernandez announced Thursday.
Centrica signs £7bn deal for US LNG supplies
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
NextDecade signs up Exxon for Rio Grande LNG offtake
NextDecade has struck a deal to supply 1 million tonnes per year of LNG from its planned Rio Grande project to ExxonMobil.
Cheniere mulls bigger boost to Texas LNG exports with China deal
Cheniere Energy, the largest US exporter of liquefied natural gas (LNG), signed a deal with PetroChina that lays that the groundwork for another expansion of Cheniere’s Texas export terminal as global demand for the fuel surges.
Shell signs up to 20 year deal with Mexican LNG project
Shell has signed a deal with Mexico Pacific to take 2.6 million tonnes per year of LNG from the first two trains of the project, which will be in Mexico’s state of Sonora.
NFE sets out Apollo venture, Mexico export hub plan
New Fortress Energy (NFE) has set out a plan to sell down its stakes in 11 LNG vessels and two deals in Mexico.
Shell’s Venter ships off for EIG’s LNG unit
Shell Executive Vice President: Integrated Gas West & CCUS De la Rey Venter is leaving the supermajor to take the reins at EIG-backed LNG specialist MidOcean Energy.
Freeport LNG offline until “late 2022”
Freeport LNG has provided an update on the circumstances of the June 8 fire at its facility on Quintana Island, Texas, warning that a return to full operations will not come until late 2022.
Prices are heading higher, Fitch warns on strong demand, Russia squeeze
Fitch Ratings has increased its oil and gas price forecast, indicating increased pressure on the European market driven by strong demand.
Fire at key US gas export terminal a blow for fuel-starved world
An explosion that will keep a major US liquefied natural gas export terminal shut for weeks will cut vital supplies to Europe, which is already struggling with uncertainty around flows of the fuel from Russia.
US LNG flows into high-priced Europe, deserts China
The US more than doubled LNG exports to Europe in the first four months of the year, according to the Energy Information Administration (EIA).
Cheniere signs LNG supply deal with South Korea’s POSCO
US liquefied natural gas (LNG) developer Cheniere Energy will supply 0.4 million tonnes per year of LNG to South Korea’s POSCO International Corporation, owner of the Asian nation’s first private LNG import terminal, under a new long-term deal.
Galileo aims to bring LNG to the masses
Developing LNG projects is traditionally seen as a big-ticket item, reserved for the few. Costs are high and equipment specialised, making the resource out of reach for most smaller scale operators – despite the advantages it offers.
Venture Global secures mammoth financing, takes FID on Plaquemines LNG
Venture Global LNG has taken final investment decision (FID) on its Plaquemines LNG, with the largest project financing package globally this year.
Malaysia’s Petronas signs up for long-term US LNG supply
US liquefied natural gas (LNG) developer Venture Global will supply Malaysia’s Petronas with 1 million tonnes per year (t/y) of LNG for a 20-year term after the pair signed a new deal. Significantly, Asian LNG buyers, such as Petronas, are increasingly locking in new long-term supplies as more European buyers enter the race for LNG.
Exxon signs up for Venture Global LNG supplies
Venture Global LNG has signed up to provide ExxonMobil’s Asian unit with 2 million tonnes per year of LNG.
French ban on US LNG reverses with Engie deal
Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.
China buyers hungry for US LNG as European demand set to surge
Russia’s invasion of Ukraine seems to have jolted China based buyers of liquefied natural gas (LNG) into signing more deals with US-based LNG export developments as global competition for the fuel surges.
Europe’s Engie buys more US LNG with green credentials
French utility Engie has agreed to buy liquefied natural gas from NextDecade Corp. after the US exporter committed to slash most of the emissions associated with a proposed terminal in Texas.
Bechtel kicks off construction for Tellurian at Driftwood LNG
Tellurian has instructed Bechtel Energy to begin construction at the Driftwood LNG plant, in Louisiana.