(Mexico Pacific, 28.Aug.2024) — Mexico Pacific, owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, today announced that it has signed a sales and purchase agreement (SPA) with POSCO International Corporation, Korea’s largest energy trading company and a global leader in the pursuit of a sustainable future. […]
Tag: LNG
GAS Entec and AG&P to Build a Strategic LNG Terminal in the Kingdom of Jordan
(GAS Entec, 20.Aug.2024) — LNG Infrastructure company GAS Entec with its group company AG&P and local partners Issa Haddadin, together referred as Consortium, has been awarded a contract to build Sheikh Sabah Al-Ahmad Al-Jaber Al Sabah onshore regasification LNG Terminal at Port of Aqaba in the Kingdom of Jordan. The tender was awarded […]
New Fortress Reports on 2Q:24 Results, Fast LNG
(New Fortress, 9.Aug.2024) — New Fortress Energy Inc. reported its financial results for the second quarter of 2024. Summary Highlights — Adjusted EBITDA(1) of $120mn in the second quarter of 2024 — Second quarter results do not include $107mn of contracted LNG sales during the quarter, which will be included in Adjusted EBITDA and earnings […]
Pennybacker Acquires Miami LNG Business
(Pennybacker Capital, 9.Jul.2024) — Pennybacker Capital Management, LLC, a real assets investment manager, has entered into a definitive agreement to acquire a small-scale LNG business (Miami Facility) based in Miami, Florida, from New Fortress Energy Inc. Financial terms were not disclosed. The transaction is expected to close in the third quarter of […]
Tellurian Closes $260mn Asset Sale, Retires Senior Secured Debt
(Tellurian, 1.Jul.2024) — Tellurian Inc. closed the previously reported sale of its integrated upstream assets for $260mn to affiliates of Aethon Energy Management LLC, fulfilling a key objective outlined in May and substantially strengthening its balance sheet as it advances the Driftwood liquefied natural gas (LNG) project. The company utilized […]
IGU Releases 2024 World LNG Report
(IGU, 26.Jun.2024) — Despite lower price, the growing global LNG market stays tight amid supply constraints, according to the 2024 IGU World LNG Report. Released today, the IGU’s 15th annual World LNG Report finds that global LNG trade grew by 2.1% in 2023, surpassing 401 million tonnes (MT). This global […]
Venture Global Launches First Vessel from State-of-the-Art LNG Fleet
(Venture Global, 25.Jun.2024) — Venture Global announced the successful launch of its first LNG vessel, the Venture Gator at a ceremony which took place at the Samsung Heavy Industries shipyard in Geoji-si, South Korea. The Venture Gator is the first of nine LNG carriers in the Venture Global fleet to be completed in quick succession […]
Cedar LNG Announces Positive $4bn FID
(Cedar LNG, 25.Jun.2024) — The Haisla Nation and Pembina Pipeline Corporation, partners in Cedar LNG Partners LP, announced a positive final investment decision (FID) on the Cedar LNG Project, a floating liquefied natural gas (LNG) (FLNG) facility with a nameplate capacity of 3.3 million tonnes per annum (MTPA), located in the […]
Shell Inks Deal to Acquire Pavilion Energy
(Shell, 18.Jun.2024) — Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy includes a global liquefied natural gas (LNG) trading business with […]
NFE Eyes First LNG in Days, First Cargo in July
(Energy Analytics Institute, 14.Jun.2024) — New Fortress Energy (NFE) updated the timing of its first LNG expectation for its first Fast LNG unit located offshore Altamira, Mexico. The company has made tremendous progress on its path towards the start of liquefaction operations, it said 14 Jun. 2024 in an official […]
Higher LNG Prices to Limit Asian Demand, WoodMac Says
(WoodMac, 12.Jun.2024) — European gas storage is forecast to reach 100% by the end of September and remain full until the end of October, with an additional 4 million tonnes per annum (mmtpa) of floating storage also accumulated according to a new report by data and analytics company Wood Mackenzie. […]
Clean Energy Expands Boron LNG Plant Capacity
(Clean Energy, 11.Jun.2024) — Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, announced that construction of a third production train at its liquefied natural gas (LNG) plant in Boron, California, has been completed, increasing the plant’s volume capacity by 50 percent. Already […]
Glenfarne Energy Transition’s Texas LNG Receives Key Local Tax Abatement
(Glenfarne Energy, 6.Jun.2024) — Texas LNG, a four million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas and owned by Glenfarne Energy Transition, was approved for a Texas Tax Code Chapter 312 tax abatement from Cameron County. The tax […]
Developer Seeks Permit to Send US Gas to Mexico for LNG Exports
(Reuters, 21.May.2024) — A Mexican energy developer is seeking U.S. permission to export gas to Mexico, turn it into liquefied natural gas (LNG) and send it to countries with U.S. free-trade agreements, its filing with the U.S. Department of Energy showed. Mexico-based Gato Negro Permitium Uno and partners including Houston-based Big River […]
NextDecade Provides 1Q:24 Business Update
(NextDecade, 9.May.2024) — NextDecade Corporation (NASDAQ: NEXT) provided an update on developmental and strategic activities for the first quarter 2024 and early second quarter 2024. CEO Commentary “Construction of Phase 1 at the Rio Grande LNG Facility continues to progress according to plan, as we work alongside Bechtel to construct […]
Marathon Oil Reports 1Q:24 Results
(Marathon, 1.May.2024) — Marathon Oil Corporation (NYSE: MRO) reported first quarter 2024 net income of $297mn or $0.52 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $317mn or $0.55 per diluted share. Net operating cash flow was $757mn or $861mn before changes […]
EAI’s NRGBriefs: April 2024
(Energy Analytics Institute, 30.Apr.2024) — Energy briefs as well as others related to finance and projects during April 2024 including ExxonMobil, Hess and CNOOC announcing a $12.7bn FID for their sixth project offshore Guyana dubbed Whiptail; YPF SA launching the “Andes” project to divest 55 mature conventional fields and focus […]
Deals Show Enduring Appeal of US Gas
(Rystad Energy, 19.Apr.2024) — European companies have been cautiously adding to their upstream positions. More deals could follow. Ed Crooks examines the forces shaping the energy industry globally The great investor Warren Buffett says one of his rules is “never bet against America”. There are many who share that view, […]
White House Open to Ending LNG Export Pause
(Reuters, 2.Apr.2024) — U.S. officials are open to ending President Joe Biden’s pause on approvals of liquefied natural gas exports to get a Ukraine aide package passed in Congress but want to wait to see the entire proposal before making any decisions, two White House sources said on Tuesday. Biden, […]
Exmar Released its 2023 Results-PDF Download
(Energy Analytics Institute, 26.Mar.2024) — Exmar released details and highlights related to its activities in 2023 spanning the Marine XII project in Congo to Exmar re-entering the drilling segment as well as some subsequent events such as Exmar expanding its holding in Vantage Drilling. ____________________ By Aaron Simonsky. © Energy Analytics […]
Woodside to Divest 15.1% Scarborough Interest to JERA
(Woodside, 23.Feb.2024) — Woodside has broadened its strategic relationship with JERA through a transaction that involves three core elements: equity in the Scarborough Joint Venture; LNG offtake; and collaboration on opportunities in new energy and lower carbon services.1 Woodside has executed a binding sale and purchase agreement with JERA for […]
Mexico Begins LNG Buildout as US Developers Look to South
(Canary Media, 15.Feb.2024) — At least a half-dozen LNG export projects are underway in the country — but whether most are completed will depend on politics to the north. Environmental activists have turned a spotlight in recent months on the rapid expansion of liquefied natural gas export terminals along the Gulf Coast of […]
Stena RoRo Takes Delivery of E-Flexer RoPax Vessel
(Stena RoRos, 7.Feb.2024) — Today, number ten of the Stena RoRo E-Flexer series was delivered from the CMI Jinling, Weihai Shipyard. The vessel, named Ala’suinu, will be on a long charter agreement with the Canadian state-owned Marine Atlantic and operate a ferry line in eastern Canada between Newfoundland and Nova Scotia. […]
Biden’s Gas Export Review has Uncertain Consequences
(The Hill, 30.Jan.2024) — President Biden’s pause on gas export projects may not have significant impacts by itself, energy analysts say. But the changes he’s making to underlying gas project reviews could have implications for global gas supply and climate change, depending on whether gas projects face higher risks of being rejected. The Biden […]
Leaders on Biden-Harris Pause on Pending Decisions of LNG Exports
(The White House, 27.Jan.2024) — This week, the Biden-Harris Administration announced a temporary pause on pending decisions for exports of Liquefied Natural Gas (LNG). During this period, the Department of Energy will evaluate the impacts of LNG exports on energy costs, America’s energy security, and climate change – the existential threat of […]
DOE Halting LNG Export Projects
(DOE, 26.Jan.2024) — The United States Department of Energy (DOE) today provided notice that it will initiate a process to update the assessments used to inform whether additional liquefied natural gas (LNG) export authorization requests to non-Free Trade Agreement countries are in the public interest. The United States is the […]
Gas Prices Down 45% as 2024 Set to Remain Bearish
(Wood Mackenzie, 17.Jan.2024) — The market sentiment for gas and liquefied natural gas (LNG) will remain bearish into 2024 with European prices having fallen by 45% to US$10 per million British thermal units (mmbtu) in the past three months according to a report by Wood Mackenzie. The report ‘Global Gas and […]
Exxon to Buy Another 1.2 mtpa of LNG from Mexico Pacific
(Reuters, 16.Jan.2024) — Mexico Pacific said on Tuesday it had reached a deal to supply Exxon Mobil with an additional 1.2 million tonnes per annum of liquefied natural gas, clearing the way for a final investment decision to expand its Saguaro Energia LNG plant. ExxonMobil LNG Asia Pacific tied up […]
Mexico Pacific Inks Optional LNG Offtake with ExxonMobil
(Mexico Pacific, 16.Jan.2024) — Mexico Pacific signed a third long-term Sales and Purchase Agreement (SPA) with ExxonMobil LNG Asia Pacific (EMLAP) for an additional 1.2 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Train 3 of Mexico Pacific’s Saguaro Energia project located on the west coast of […]
S&P Global Releases its 2024 Energy Outlook
(S&P Global, 14.Dec.2023) — Analysts at S&P Global Commodity Insights, an independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, today released their latest 2024 energy outlook. OVERVIEW After years of turbulence, global markets are still striving to find sustainable […]
Companies Ask US, EU to Intervene in Venture Global LNG Dispute
(Reuters, 11.Nov.2023) — BP (BP.L), Edison (EDNn.MI) and Shell (SHEL.L) pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm’s failure to deliver contract supplies of the fuel. The companies appealed to the U.S.-EU Task Force on Energy Security last month, and a […]
New Fortress to Charter FSRU for LNG Import Terminal in Brazil
(Reuters, 6.Nov.2023) — Liquefied natural gas (LNG) developer New Fortress Energy said on Monday it has signed a deal to charter a floating storage and regasification unit (FSRU) from Brazil’s Petrobras starting in December. The company said FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (TGS), New […]
![bp’ 3Q:23 Results: Focused on Delivery [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/02/us-bp-west-houston-source-energy-analytics-institute-scaled.jpg)
bp’ 3Q:23 Results: Focused on Delivery [PDF Downloads]
(bp, 31.Oct.2023) — Our results this quarter show how we are making progress on our strategy to transform from an international oil company to an integrated energy company. From the expansion of the Tangguh LNG facility in Indonesia to a new deal with Tesla in EV charging, we’re providing oil […]
Rowley: LNG Restructuring Saving T&T
(Trinidad Guardian, 27.Oct.2023) — Prime Minister Dr Keith Rowley yesterday described the signing in early December of the agreements to restructure the shareholding in Atlantic LNG as one of the most significant decisions that the Government has been able to accomplish. And he told the post-Cabinet news conference yesterday at […]
Eni Inks Deal to Ensure Further LNG Volumes from Indonesia
(Eni, 26.Oct.2023) — Eni signed a 0.8 billion cubic meters (bcm) LNG sales and purchase agreement with Merakes LNG Sellers, starting from January 2024 for 3 years, in addition to the contract with Jangkrik LNG Sellers for 1.4 billion cubic meters per year, in place since 2017. Thanks to these […]
![France’s TotalEnergies Reports 3Q:23 Results [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/10/total-france.jpg)
France’s TotalEnergies Reports 3Q:23 Results [PDF Download]
(TotalEnergies, 26.Oct.2023) — Paris-based TotalEnergies reported its financial and operational details for the third quarter of 2023. ____________________
TotalEnergies Commissions its LNG Floating Terminal in the Port of Le Havre
(TotalEnergies, 26.Oct.2023) — TotalEnergies announces the commissioning of the Cape Ann, its floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The terminal injected its first megawatt-hours (MWh) of gas into the grid operated by GRTgaz, using LNG from Norway. TotalEnergies […]
Venture Global Closes $4bn Senior Secured Notes Offering
(Venture Global LNG, 24.Oct.2023) — Venture Global LNG, Inc. closed its offering of $4bn aggregate principal amount of senior secured notes which have been issued in two series: (i) a series of 9.500% senior secured notes due 2029 in an aggregate principal amount of $2.5bn (the “2029 Notes”) and (ii) a series of 9.875% […]
Eni Inks LNG Deal Related to Qatar’s North Field East Expansion Project
(Eni, 23.Oct.2023) — Eni signed a long-term contract with QatarEnergy LNG NFE (5), the JV between Eni and QatarEnergy for the development of the North Field East (NFE) project in Qatar, for the delivery of up to 1.5 billion cubic meters per annum (bcma) of LNG. The available volumes will […]
Trinidad Approved to Pay PDVSA
(Welligence, 19.Oct.2023) — Trinidad & Tobago (T&T) has received approval from the US government to pay PDVSA, the Venezuelan NOC, in cash for gas from Venezuela. The decision comes after a series of negotiations between all three countries, and is a vital step towards bringing Train 1 at Atlantic LNG (ALNG) back online, […]
CNOOC says Train 3 of Tangguh LNG commences production
(CNOOC, 19.Oct.2023, Words: 173) — CNOOC Limited announces that the first LNG cargo from the newly-built liquefaction train (Train 3) of the Tangguh LNG project in Indonesia has been delivered. Tangguh LNG is located in Papua Barat Province in Indonesia, consisting of 6 offshore gas fields under 3 PSCs. The existing two-train facility has commenced production […]
![Enbridge CEO on LNG to Reduce Emissions, Energy Poverty [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/10/Enbridge_Inc__Enbridge_CEO_urges_Canada_to_champion_LNG_to_reduc-scaled.jpg)
Enbridge CEO on LNG to Reduce Emissions, Energy Poverty [PDF Download]
(Enbridge, 6.Oct.2023) — Greg Ebel, President & Chief Executive Officer of Enbridge Inc. (TSX: ENB) (NYSE: ENB) called on Canada to show leadership to the world in lowering global emissions, reducing energy poverty and supporting the progress of Indigenous communities in the country. In a keynote address to the Toronto Region Board of […]
Aramco Enters LNG Business by Buying Interest in MidOcean Energy
(Aramco, 28.Sep.2023) — Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500mn. MidOcean is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy […]
Aramco Enters Global LNG Business with $500mn Stake in MidOcean Energy
(Aramco, 28.Sep.2023) — Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500mn. Highlights: Aramco agrees to acquire a strategic minority stake in MidOcean Energy for $500mn, with option to increase size of shareholding […]
![TotalEnergies Issues Strategy & Outlook 2023 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/totalenergies-2023-strategy-and-outlook.png)
TotalEnergies Issues Strategy & Outlook 2023 [PDF Download]
(TotalEnergies, 27.Sep.2023) — France’s TotalEnergies released its ‘2023 Strategy & Outlook’ report, which highlights themes around “more energy, less emissions, growing cash flow.” ____________________
Mexico’s First LNG Plant to Receive Final Piece in Days
(Reuters, 22.Sep.2023) — The last major piece of infrastructure needed to start production at Mexico’s first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy (NFE.O) is planning to begin […]
Venture Global and Baker Hughes Expand Master Equipment Supply Agreement
(Venture Global, 5.Sep.2023) — Venture Global LNG announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100MTPA of nameplate LNG export capacity. To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the […]
![An African Gas Renaissance En Route to a ‘Just Energy Transition’ [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/10/md-africa-source-md.jpg)
An African Gas Renaissance En Route to a ‘Just Energy Transition’ [PDF Download]
(The Oxford Institute for Energy Studies, 5.Sep.2023) — The impact of the Russia-Ukraine war on the natural gas trade, inter alia, continues to be felt well beyond Europe’s borders. As the accelerated decarbonisation of the world’s economies is being pushed forward, Europe’s unexpected interest in alternative sources of gas imports […]
Shell, Trinidad Weigh Venezuela’s Natural Gas Investment Plans
(Reuters, 5.Sep.2023) — Shell (SHEL.L) and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said. If agreed, the move could help speed […]
bp Enters LNG Offtake Deal for British Columbia LNG Facility
(bp, 5.Sep.2023) — bp has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. With the additional contract to offtake 0.45 million tonnes of LNG per year (mtpa) for 15 years on a free on board (FOB) basis, all […]