The UK government is reportedly pursuing a new liquefied natural gas (LNG) supply deal with the US as it looks to secure shipments ahead of next year.
Costs for shipping energy are surging as Europe’s scramble for supplies creates a shortage of vessels to carry essential fuels this winter.
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.
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.
Storegga, the company behind the Acorn carbon capture and storage (CCS) project in Aberdeenshire, will apply its technology for a new scheme in Texas.
Japan's JERA, the world's largest individual buyer of liquefied natural gas (LNG), said today that it will buy a 25.7% interest in Freeport LNG Development in the US for about $2.5 billion as it races to secure LNG supplies.
South Korea has struck a 15-year deal with BP for LNG supplies, covering 1.58 million tonnes per year.
Freeport LNG has reached a deal to raise $1.025 billion from Westbourne Capital and its partners. The cash will go to supporting a fourth train at the plant. A commissioning cargo from Freeport LNG’s Train 1 was exported on September 3. The announcement comes as Cheniere Energy Partners has increased the size of a notes offering to $1.5bn, from the proposed $1bn.