UAE uses COP28 to push Adnoc, Masdar agenda
The briefing pack on the various countries often reiterated one point. “There is no conflict between sustainable development of any country’s natural resources and its commitment to climate change.”
LNG
Korea takes short-term LNG path while rivals embrace long deals
South Korea is avoiding the global trend toward long-term agreements on liquefied natural gas due to high prices, a risky move that will leave the top importer exposed to the volatile spot market.
US sanctions on Russian LNG threaten Japan gas security push
US sanctions on a major new Russian liquefied natural gas export plant threatens to pit Japan’s energy-security drive against its relationship with western allies.
Eni profits slump, but talks up new gas hub in Indonesia
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
Eni keeps its eyes on LNG growth with Indonesia deal
The company said it aims to increase its LNG contracted volumes to more than 18 million tonnes per year of LNG by 2026.
Singapore to overhaul gas procurement, support low carbon power
“This is a fundamental shift in our approach towards gas procurement, but we believe that this is necessary to create a more stable and secure power system that will ultimately benefit the consumers and also the gencos themselves,” he explained.
World lacks enough LNG for energy transition, key trader says
Global demand for liquefied natural gas is likely to prove stronger than expected and the current pipeline of projects won’t be enough to keep up, according to one of Japan’s top traders of the fuel.
Bumi Armada signs up to Indonesian FLNG plan
Once the partners reach a final investment decision (FID), it would take around three years to reach first gas.
Saipem hands Indonesian LNG train over to BP
The engineering, procurement and construction (EPC) contract also covered an onshore receiving terminal, a 1-km long LNG jetty, an LNG and condensate loading berth and other utilities.
Inpex, Total secure more gas for Ichthys exports
"This acquisition is also supported by the efforts undertaken with Inpex in the Bonaparte CCS Assessment joint venture to appraise the area’s potential for geological storage of CO2, in order to abate CO2 emissions from the Ichthys LNG project.”
Woodside offloads stake in Scarborough as part of $900m deal
Woodside Energy (ASX:WDS) has signed a deal with LNG Japan which will see the East Asian firm take a 10% equity stake and offtake contracts from the Scarborough gas project.
Shell strikes deal to sell stake in slow-moving Abadi
"The decision to sell our participation in the Masela PSC is in line with our focus on disciplined capital allocation,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director.
McDermott wins Shell pipelay work in Sarawak
McDermott will carry out project management and engineering in Malysia. The company’s DLV2000 heavy lift and pipelay vessel will carry out the offshore installation.
CNPC signs on to Qatari LNG project
China National Petroleum Corp. (CNPC) has signed up to take 4 million tonnes of LNG from Qatar and a stake in the North Field East (NFE) project.
High stocks relieve LNG market tension
“We think JKM-TTF spreads will turn negative for the autumn shoulder season,” says Jake Horslen, senior LNG analyst at Energy Aspects.
India set for LNG deal-making rush in win for Modi’s gas push
India’s liquefied natural gas buyers are seeking decades-long supply deals to protect them from price surges, a move that will support the government’s plan to boost the fuel’s use.
Australia to squeeze LNG industry through higher taxes
“For us to make the big investments that we make which pay out over, or generate revenue, over 20-plus years we need a stable fiscal and regulatory regime,” said CEO Meg O’Neill.
Philippines LNG protest comes to London, targets Shell, financiers
The groups also protested Standard Chartered’s AGM in London, again citing concerns around the impact on the Philippines.
Shell is selling its stake in Australian gas project to BP
The joint venture is reviewing ways to manage the emissions, including the feasibility of carbon capture and storage.
Baker Hughes wins FLNG work for Petronas project
JGC and SHI won the $3 billion engineering, procurement, construction and commissioning (EPCC) contract for the ZLNG project in December. The nearshore unit will be based in Sabah.
First cargo delivered to India’s Dhamra LNG
TotalEnergies has confirmed the delivery of the first liquefied natural gas (LNG) cargo to India’s newest terminal, on the country’s east coast.
China’s LNG demand no threat to Europe this year
China could replace Europe as the world’s balancing market, according to Shell’s vice president of energy marketing Steven Hill, speaking at the firm’s LNG outlook earlier this year.
US approves controversial Alaska LNG megaproject
A statement from EarthJustice said the Alaska LNG plan “now has most of the approvals needed for it to move forward. The ultimate fate of the project, however, is far from certain.”
Sinopec signs up for stake in mega Qatari LNG project
The company took the final investment decision (FID) on NFE in February 2021. Adding the NFE and NFS volumes should boost Qatari capacity from 77mn tpy to 126mn tpy.
Inpex submits plan for Abadi LNG, including CCS
Shell is believed to have spent around $1.3 billion on the works already. Abadi LNG may cost $19.8bn, of which Shell’s stake would be around $6.3bn.