Africa
Egypt cuts 2040 renewable energy target to 40%, keeps focus on natural gas
Egypt has revised its renewable energy target for 2040 down to 40% from a previous goal of 58%, underscoring that natural gas will remain a key part of the country's energy mix for years.
Egypt set to tender for up to 20 LNG cargoes to cover 1Q 2025 demand
Egypt plans to issue a tender seeking up to 20 cargoes of liquefied natural gas (LNG) to cover demand for the first quarter of 2025.
Nigeria signs deal to supply gas to proposed $3.5-B petrochemical plant
Nigeria took a major step in its quest to earn revenue from its vast gas reserves, signing a deal with joint venture partners to supply gas to a proposed $3.5-B Brass fertilizer and petrochemical plant.
Norway's Equinor remains committed to $40-B Tanzania LNG project
Norway's Equinor remains committed to a $42-B LNG project in Tanzania that has stalled after proposed government changes to a financial agreement reached last year.
Arbitration rules in favor of bp as sole buyer of Kosmos Energy's Senegal LNG project
Kosmos Energy said a Paris-based arbitrator has ruled in favor of bp, prohibiting Kosmos from selling to third parties LNG from the Greater Tortue project offshore Senegal and Mauritania.
ExxonMobil selects Chart Industries’ IPSMR® liquefaction technology for Mozambique LNG project
ExxonMobil selected Chart Industries' IPSMR® liquefaction technology and proprietary equipment for the Rovuma LNG project at the Afungi peninsula.
Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
Algeria's Sonatrach and Saudi Arabia's Aramco have raised official selling prices (OSPs) for liquefied petroleum gas (LPG) in October by around 3%–4% from September due to limited supply on the global market.
McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design contract for the Rovuma LNG Phase 1 Project in Mozambique, a JV between ExxonMobil Development Africa B.V., Eni S.p.A. and CNODC Dutch Cooperatief U.A.
Dixstone awarded CPI contract for Gabon LNG project
Dixstone has been awarded the construction, procurement and integration for the 700,000-tpy LNG Project in Cap Lopez, Gabon.
Technip Energies, JGC awarded FEED by ExxonMobil for the 18-MMtpy Rovuma LNG project in Mozambique
Technip Energies and JGC Corporation have been awarded the front-end engineering design for the 18-MMtpy Rovuma LNG project in Mozambique. The facility will be comprised of 12 fully modularized LNG trains of 1.5 MMtpy each.
South Africa's Eskom, Sasol agree to explore LNG options
South African petrochemicals company Sasol and state power utility Eskom have agreed to jointly explore ways the country could use liquefied natural gas (LNG).
Egypt fully awards tender for 20 winter LNG cargoes
Egypt has bought 20 cargoes of liquefied natural gas (LNG) via the first tender issued to cover its winter demand since 2018, securing full volumes it was seeking at smaller than expected premiums.
Egypt counts on foreign funds to buy gas as power crisis worsens
Saudi Arabia and Libya have financed the purchase of gas cargoes worth at least $200 MM to help Egypt ease its energy crisis this summer amid a steep decline in domestic gas output.
KOTUG awarded marine services contract for Eni's Congo LNG project
KOTUG International B.V. announced that it has been awarded a contract for ENI Congo to deliver critical marine services for the Congo LNG project. This project, situated offshore the Republic of Congo, includes the Tango FLNG and the Excalibur Floating Storage Unit, with a second FLNG currently under construction.
Nigeria's NNPC sending LNG cargoes to Japan and China
State-owned Nigerian oil company NNPC has expanded shipments of liquefied natural gas (LNG) cargoes to a port in China after its first delivery to Japan in June.
Egypt plans to return oil, gas production to normal from 2025, PM says
Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners.
Karpowership makes $1-B LNG-to-power investment in South African Power Pool
Karpowership, a major international energy company, has announced its plans to invest a transformative $1 B of LNG-to-power infrastructure that will be based in Mozambique and made available to the entire South African Power Pool (SAPP).
Natural gas arrivals will help Egypt halt summer load-shedding power cuts
Egypt will halt load-shedding power cuts during the summer as of Sunday, after some natural gas shipments arrived, in a bid to end a crisis that has inconvenienced a population of 106 MM.
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
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).
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
Egypt needs to import $1.18 B in fuel, natural gas to end power cuts
Egypt needs to import around $1.18 B worth of mazut fuel oil and natural gas to end persistent power cuts exacerbated by consecutive heat waves.
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.
Global pipelines construction outlook 2024—Part 2
This article will provide a forecast on pipeline construction in Africa, Asia, Europe, Russia and the Commonwealth of Independent States (CIS), and the Middle East.
TotalEnergies, NNPC to invest $550 MM in Nigeria gas facility
Nigeria's state oil firm NNPC Ltd. and TotalEnergies will invest $550 MM to develop a gas processing facility in southern Rivers state to boost exports and domestic supplies.
Egyptian fertilizer plants shut down temporarily due to gas supply pressures
Gas supplies will gradually resume flowing as of Thursday to fertilizer factories in Egypt after several chemical and fertilizer companies shut down plants on a temporary basis.
Gas supply pressures temporarily shut down Egyptian fertilizer plants
Gas supplies will gradually resume flowing as of Thursday to fertilizer factories in Egypt after several chemical and fertilizer companies shut down plants on a temporary basis.
GTA LNG project reaches significant milestone with arrival of FPSO vessel
The FPSO vessel has arrived safely at the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, located offshore Mauritania and Senegal
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.
Morocco to tender for floating LNG terminal
Morocco plans to launch a tender this summer to build a floating liquefied natural gas (LNG) terminal in the northeastern Nador West Med port.
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
