regasification
EU LNG import utilization falls as demand declines
European Union LNG import terminals are being utilized less as demand for the fuel continues declining across the continent, increasing the realization that Europe’s LNG import infrastructure will become increasingly underutilized as gas use drops further.
Santos signs 500,000-tpy LNG supply contract with Glencore
Santos will supply 19 LNG cargoes, or up to approximately 500,000 tpy of LNG over a period of 3 yr plus one quarter to Glencore Singapore Pte Ltd.
Mexico Pacific announces long-term LNG SPA with POSCO International
Mexico Pacific, owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, announced that it has signed a sales and purchase agreement of 700,000 tpy of LNG with POSCO International Corporation.
New Zealand to pass laws to expediate LNG imports amid energy shortages
New Zealand said it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take urgent steps to remove regulatory hurdles to import LNG amid energy shortages.
Qatar strikes another 15-yr LNG supply deal with Kuwait
Qatar agreed to supply Kuwait with 3 MMtpy of LNG for 15 years, as Kuwait imports the fuel to help meet rising demand for power generation.
Amigo LNG secures supply agreement with E&H Energy
Amigo LNG announced that it has entered into a long-term LNG supply agreement with E&H ENERGY SDN BHD of Malaysia.
India's Swan Energy to sell stake in LNG terminal for $399 MM
Indian oil & gas firm Swan Energy plans to sell a stake in one of its LNG terminals to Turkish state energy company BOTAS in a deal worth $399 MM.
China’s natural gas consumption, production and imports all increased in 2023
In 2023, 7%, or 2.6 billion cubic feet per day (Bcfd), more natural gas was consumed in China than in 2022, after a decline of 1.1% in 2022 when economic growth was slower, mainly due to China’s zero-COVID policies, leading to a reduction in natural gas consumption.
VTTI completes acquisition of 50% of Dragon LNG
VTTI, an industry leader in energy infrastructure, has completed the acquisition of 50% of Dragon LNG Group Ltd. (Dragon LNG). The other 50% of the terminal is owned by Shell.
ADNOC signs long-term HOA with Osaka Gas for Ruwais LNG Project
ADNOC announced the signing of a long-term Heads of Agreement with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 800,000 tpy of LNG.
Asia spot prices slip as Freeport LNG loadings resume
Asian spot LNG prices eased this week amid a resumption of loading at Freeport LNG in the U.S. and rising inventory levels held by major Japanese utilities.
Turkey to sign long-term LNG purchase contracts
Turkey is set to finalise long-term contracts for LNG to cover the 2027-2037 period, aimed at securing approximately 5-6 billion cubic meters of LNG annually, will meet 12-13% of Turkey's energy needs.
EIA: Less natural gas consumption in Europe is keeping storage full
Consumption of natural gas in Europe consistently decreased since mid-2022, driven by a combination of mild winter weather and government policies aimed at reducing natural gas consumption.
Venice Energy welcomes underground gas storage expansion project in South Australia
The gas storage expansion project means that Venice Energy's terminal will be able to cover any forecast gas shortfalls in both Victoria and South Australia.
SNAM making progress on Ravenna FLNG project (Italy)
Works are proceeding according to schedule on Ravenna's offshore regasifier, which will land 8.5 km from Punta Marina at the end of the year, and become operational in the first quarter of 2025.
Global LNG trade increased more than 1.6 Bcf/d in 2023
LNG trade increased 3.1% globally in 2023 to average 52.9 Bcft/d, an increase of 1.6 Bcf/d from 2022, according to a report from the International Group of Liquefied Natural Gas Importers (GIIGNL).
UECC chooses Titan for major liquefied biomethane deliveries
United European Car Carriers (UECC) and Titan Clean Fuels (Titan) are collaborating on a series of major liquefied biomethane (LBM) bunkering operations in the Port of Zeebrugge.
Bangladesh's Summit LNG expected to resume operations in mid-July
The floating storage and regasification unit of Bangladesh's Summit LNG should resume operations in mid-July after it was damaged during a cyclone.
New England (U.S.) utility closes import-dependent gas-fired power plant, keeps LNG import option
Although Constellation Energy will close the Mystic gas-fired power plant north of Boston (U.S.), it will continue to operate the Everett LNG terminal
Global Projects Data
This article provides a summary of active gas processing and LNG projects around the world, including total project numbers, and market share by region and activity level.
Shell signs agreement to acquire Pavilion Energy
Shell Eastern Trading Pte. Ltd. has reached an agreement to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy includes a global LNG trading business with a contracted supply volume comprising about 6.5 MMtpy.
CPGC and BASF sign framework agreement on carbon capture technology onboard LNG carriers
CSSC Power (Group) Corp. Ltd. (CPGC) will install its advanced Onboard Carbon Capture System (OCCS) on multiple LNG carriers and utilize BASF’s OASE® blue technology.
Venice Energy's search for LNG development partners receives strong interest
The future of a proposed LNG import terminal project in South Australia has become clearer following strong interest from several international energy development companies with ties to both the U.S. and Asia.
QatarEnergy selects CPC as North Field expansion partner, signs 4 MMtpy LNG SPA for 27 years
QatarEnergy signed definitive agreements with CPC Corporation, Taiwan (CPC) covering the long-term supply of LNG to CPC and partnership in the North Field East (NFE) LNG expansion project.
Scorching heat drives India's gas-fired power use to multi-year highs in May
Sweltering heat and policy measures are fueling a surge in the use of gas-fired power in India, with imports of LNG forecast to rise sharply over the next two years.
FSRU Toscana: First maintenance phase has been completed
OLT Offshore LNG Toscana announced that the first phase of maintenance intervention at the FSRU Toscana terminal has been successfully completed and on time.
TotalEnergies increases LNG deliveries to Asia with two new contracts
In line with its strategy to grow its LNG business, TotalEnergies announced the signing of two new LNG medium- and long-term contracts in Asia with Indian Oil and Korea South-East Power.
Norway outage pushes European gas prices to highest this year
Norway's gas exports to Europe fell sharply on Monday as a shutdown of the offshore Sleipner hub halted operations at the Nyhamna onshore processing plant, pipeline operator Gassco said, lifting European prices to their highest level this year.
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
SUBLIME Energies introduces novel biogas liquefaction technology
SUBLIME Energies' new biogas liquefaction process efficiently transports and pools biogas produced by multiple farms, reducing initial investments and operating costs.
- Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
