Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC

Factbox: World's biggest LNG suppliers

Occidental Petroleum Corp said that in connection with its proposal to acquire Anadarko Petroleum Corp, it agreed to sell Anadarko’s Algeria, Ghana, Mozambique and South Africa assets to Total SA for $8.8 billion.

That sale, which is contingent upon Occidental completing its proposed purchase of Anadarko, would make Total the fourth biggest LNG producer in the world after Qatargas, Royal Dutch Shell Plc and Petronas, according to energy consultancy Wood Mackenzie.

Total was the sixth-biggest LNG producer in the world in 2018 with stakes in projects in several countries, including the United Arab Emirates, Qatar, Nigeria, Oman, Egypt, Norway, Angola, Australia and Russia.

“The potential acquisition of Anadarko’s stake in Mozambique LNG is representative of Total’s ambitious and aggressive expansion of its LNG position,” Wood Mackenzie research director Nicholas Browne said.

Total acquired Engie SA’s LNG business in 2018 and has stakes in several projects under construction or development, including Russia’s Arctic LNG-2, Papua LNG, Nigeria’s NLNG 7, Sempra Energy’s Cameron in Louisiana and Costa Azul in Mexico, Tellurian Inc’s Driftwood in Louisiana and an expansion project in Qatar, Wood Mackenzie said.

Chevron Corp, which is currently the fifth-biggest LNG producer in the world, is also seeking to buy Anadarko.

The addition of Anadarko, however, will not immediately change the LNG output of either Total or Chevron for several years since Anadarko’s 12.9-million tonnes per annum (MTPA) Mozambique project is still in development. Anadarko has said it expected to make a final investment decision to build the project in the coming months.

Reporting by Scott DiSavino

Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo


Editorial Comment
-Adrienne Blume
China is hosting the 19th International Conference and Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai from 1–5 April—an appropriate choice of host country, given China’s increased appetite for natural gas.
EWAnalysis: Canada comes late to LNG; projects and prospects mixed
- Energy Web Atlas
Canada has abundant natural gas resources.
Executive Viewpoint: BHGE developing technology-driven solutions to reduce total cost of ownership
-Alberto Matucci
While BHGE recently won new orders for LNG projects, the company remains committed to differentiating the business, implementing solutions proven in LNG into other applications of the oil and gas value chain.
Industry Trends: Russia and US go head-to-head over EU gas market
-Eugene Gerden
Lower-cost Russian gas will likely continue to dominate the EU market in the coming years, despite the growth in oil prices, to which Russian gas prices are linked.

Reliable Operations & Saving OPEX for Gas Plant Refrigeration – Selecting the right technologies

Register Now

By selecting integrally geared turbocompressors for gas plant refrigeration duty coupled with a mag bearing turboexpander, operators get the added values of technology with highly reliable operations and reduced OPEX. Join Sami Tabaza and Chris Blackmer from Atlas Copco Gas and Process for a presentation followed by Q&A surrounding the turbocompressor and turboexpander technologies that can efficiently and reliably fit your gas plant design and operation to get the advantages of both technologies.

June 20, 2019 10:00 AM CDT

Register Now


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2019 Gulf Publishing Holdings LLC.