LNG
WFW advises Hoegh LNG on refinancing options for German FSRUs
Watson Farley & Williams advised Höegh LNG on the refinancing of the Höegh Esperanza and Höegh Gannet FSRUs that will service Germany’s new FLNG terminals in the North Sea ports of Wilhelmshaven, Lower Saxony and Brunsbüttel, Schleswig-Holstein.
bp confirms Phase 2 of the Greater Tortue Ahmeyim LNG project
bp and partners confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim LNG project that they will take forward to the next stage of evaluation.
bp and partners progress concept for Greater Tortue Ahmeyim Phase 2
bp and partners confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim LNG project that they will take forward to the next stage of evaluation.
Chevron announces lower carbon LNG fleet modification project with Sembcorp Marine
Chevron will install new technologies aboard Chevron vessels to support their energy transition goals. The changes are also in alignment with decarbonization targets set by the International Maritime Organization.
Asian LNG spot prices fall to lowest level since July 2021
Asian spot LNG prices eased this week, extending declines to its lowest since July 2021, as demand from key buyers in northeast Asia remain weak.
Cheniere begins permit process for Sabine Pass LNG expansion
Cheniere begins permit process for Sabine Pass LNG expansion
Trinidad and Tobago to begin negotiations with Venezuela for natural gas project
Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project.
Greece's Gastrade sees decision on second LNG terminal this year
Gastrade said it expects to take a final investment decision on developing a second gas floating storage and regasification unit off the country's northern port of Alexandroupolis by the end of the year.
Trinidad to begin negotiations for gas deal with Venezuela in March
Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project. The joint venture could supply gas to Trinidad's liquefied natural gas and petrochemical industry.
ADNOC looks to raise up to $2 B from IPO of gas unit
Abu Dhabi National Oil Co (ADNOC) said it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 B and give ADNOC Gas an equity valuation of $47 B-$50.8 B.
Cheniere Energy doubles revenue on surging LNG demand
Cheniere Energy said its full-year revenue more than doubled and also topped analysts' estimate on surging demand for the commodity since Russia's invasion of Ukraine.
Tellurian taps LNG demand surge to deliver fourfold jump in production
Tellurian Inc reported a fourfold increase in quarterly natural gas production to meet a surge in demand triggered by Western sanctions against Russia over the Ukraine invasion.
Leviathan gas project partners approve $100 MM for expansion
Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 MM of spending on preparation for expansion that includes a floating liquefied natural gas (LNG) terminal off the coast of Israel.
Freeport LNG receives regulatory approval for commercial operations of its liquefaction facility
Freeport LNG Development L.P. (Freeport LNG) has received regulatory approval to commence commercial operations of the company's natural gas liquefaction and export facility.
Koil Energy Solutions to provide LNG energy services
Koil Energy Solutions announced the receipt of an order to provide services for an LNG project in the Gulf of Mexico.
U.S. LNG producers poised to leapfrog rivals with three new projects
At least three proposed U.S. LNG export plants have likely found enough customers to receive financial approvals this year, developments that would make the country the world's largest LNG exporter for years to come.
IEEFA: Turmoil in global LNG markets is curbing long-term demand growth
Global liquefied natural gas (LNG) supplies are likely to remain tight through 2025, curbing demand growth in key Asian import markets. European LNG demand may remain strong in the short term, but will decline by 2030 as decarbonization and energy security policies take effect. Meanwhile, a wave of new LNG export capacity coming online later in the decade could create a mismatch between supply and demand, elevating financial risks for LNG suppliers and traders. The findings come from the new Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
Could three new U.S. LNG plants take FID this year?
At least three proposed U.S. LNG export plants have likely found enough customers to receive financial approvals this year to reach FID.
Equinor awards $790-MM contract to Aibel for Hammerfest LNG modifications in connection with the Snøhvit Future project
Equinor awarded Aibel a major contract for Hammerfest LNG modifications in connection with the Snøhvit Future project. The contract is subject to governmental approval of the project.
GTI Energy launches Veritas open-source protocols to accelerate methane emissions reductions
GTI Energy has announced new open-source methane emissions measurement protocols to meet the urgent need to accurately measure and reduce methane emissions and accelerate the transition to a clean energy economy.
Australian government seeks more leeway to curb east coast LNG exports
Australia's government has proposed to expand its ability to curb liquefied natural gas exports from three projects on the east coast in order to meet gas supply shortfalls, under a plan due to take effect in April.
IEA convenes Special Ministerial on natural gas markets and actions to reinforce supply security
Some 40 countries will convene for a Special IEA Ministerial (International Energy Agency) on February 15 to review the state of natural gas markets and discuss actions to strengthen security of supply amid the global energy crisis.
Japex lifts FY22/23 profit forecast on higher natural gas prices
Japan Petroleum Exploration Co. Ltd. (Japex) has lifted its full-year net profit forecast by 13% on higher selling prices of natural gas and electricity to domestic customers, and also raised its annual dividend estimate.
Oman LNG inks deal to supply China's Unipec with 1 metric MMtpy of LNG
Oman LNG has agreed to supply China's Unipec with ~1 metric MMtpy of liquefied natural gas (LNG) per year for four years starting in 2025.
Sapphire Gas Solutions delivers over 100 MMg of LNG to the asphalt pavement industry
Sapphire Gas Solutions has helped producers nationwide meet their environmental, social and governance goals by drastically reducing emissions from asphalt plants using purified methane in the form of LNG as the primary fuel source.
Woodside, partners to pick plan for Timor Sea Sunrise gas project soon
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor.
Bangladesh could buy 10–12 spot LNG cargoes in Feb–June
Bangladesh will buy 10–12 spot LNG cargoes between February and June if prices soften further, an energy adviser to the prime minister told Reuters on Monday, in a reversal of a government decision last year to halt spot purchases after prices spiked.
Asian spot LNG prices decline, but enough to tempt buyers?
The momentum in global liquefied natural gas (LNG) markets swung away from Europe and back to Asia in January, but the modest increase in demand wasn't enough to buoy spot prices.
U.S. natural gas futures gain 2% on colder forecast for this week
U.S. natural gas futures rose about 2% on Monday from a 25-month low in the prior session on forecasts for colder weather and higher heating demand this week than previously expected.
Trinidad's Energy Minister to begin talks on gas deal in Caracas
Trinidad and Tobago's Energy Minister met Venezuelan officials on Monday, according to Venezuela's state media, the first high-level visit since the United States last month green-lighted the joint development of a key offshore gas project.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
