Tag: LNG

Commonwealth LNG and Baker Hughes In Strategic Deal

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(Commonwealth, 21.Aug.2023) — Commonwealth LNG has signed a strategic agreement with Baker Hughes related to Commonwealth LNG’s liquefied natural gas facility under development in Cameron Parish, Louisiana. Baker Hughes will work with Commonwealth LNG on maximizing the project’s output and minimizing emissions through the use of Baker Hughes’ LM9000 aeroderivative gas turbine technology […]

Shell Signs 12-Year Deal to Supply Morocco with LNG

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(Morocco World News, 14.Jul.2023 ) —  has entered into a 12-year agreement to provide the country with 0.5 billion cubic meters (bcm) of liquefied natural gas (LNG) annually. The deal was signed by the National Electricity and Drinking Water Office (ONEE) and Shell and it aims to support Morocco’s energy needs […]

NextDecade Takes RGLNG Phase 1 $18.4bn FID [PDF Download]

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(NextDecade, 12.Jul.2023) — NextDecade Corporation (NASDAQ: NEXT) has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. Today, the company: Executed and closed a joint venture agreement […]

Rio Grande Valley LNG Projects Hit with Legal Lawsuits

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(Sierra Club, 11.Jul.2023) — Today, groups filed two federal lawsuits challenging the decision by the Federal Energy Regulatory Commission (FERC) to approve two liquified gas (LNG) export terminals, Texas LNG, Rio Grande LNG, and the associated Rio Bravo Pipeline. These projects are proposed at the Port of Brownsville in Texas and on lands […]

Dominion Energy to Divest Remaining Interest in Cove Point

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(Dominion Energy, 10.Jul.2023) — Dominion Energy (NYSE: D) concluded a robust and competitive sale process and executed a definitive agreement to sell its 50% noncontrolling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy, which currently operates the facility and owns a 100% general partner and 25% limited partner […]

Welligence Reveals LNG Outlook to 2030

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(Welligence Energy Analytics, 7.Jul.2023) â€” Our LNG outlook report, published this week to clients, reveals key insights into the industry’s future. Can the LNG market overcome increasingly scarce supply, adapt to more concentrated production, embrace progressively floating infrastructure and meet Net Zero pressures? Growing LNG competition from Asian importers will keep gas prices elevated, averaging over US$13/MMbtu in Europe, […]

Baker Hughes to Supply Three Trains for Rio Grande LNG

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(Baker Hughes, 6.Jul.2023) — Baker Hughes (NASDAQ: BKR) has been awarded an order by Bechtel Energy Inc. – to be booked in the second quarter of 2023 – to supply three Main Refrigerant Compressors (MRCs) for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas. In total, Baker Hughes will supply […]

Should Gas Resource Holders Target LNG Exports or Blue Ammonia?

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(WoodMac, 15.Jun.2023) — As Europe moves away from Russian gas and Asia reduces its dependency on coal, demand and investment in liquefied natural gas (LNG) continues to rise. But according to “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?”, a new Horizons report from Wood Mackenzie, the acceleration of the energy transition […]

North American Gas Market to Expand by 25% Over Next Decade: WoodMac

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(WoodMac, 17.May.2023) — Near-term gas market expansion continues to be driven by global demand for US LNG exports, which will largely be supplied through continued growth in Permian associated gas and Haynesville production, according to a recent report from Wood Mackenzie. “LNG export growth will drive the market for many […]

Venture Global Inks 20-Year LNG SPA with JERA Co.

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(Venture Global, 28.Apr.2023) — Today, Venture Global LNG announced the execution of a long-term Sales and Purchase Agreement (SPA) with JERA Co., Inc. for the sale of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG for 20 years. CP2 LNG is Venture Global’s third […]

Eni Inaugurates Congo LNG Project in the Republic of the Congo

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(Eni, 25.Apr.2023) — The President of the Republic of the Congo, Denis Sassou Nguesso, and the Chief Executive Officer of Eni, Claudio Descalzi, today laid the foundation stone of Congo LNG, the country’s first natural gas liquefaction project and one of Eni’s core supply diversification initiatives. The project is expected […]

Venture Global Raises Roof of Second Plaquemines Storage Tank

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(Venture Global, 17.Apr.2023) — Venture Global LNG announced the successful raising of the roof of the second LNG storage tank at the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. This major project milestone was completed ahead of schedule and comes just seven weeks after the roof raising for tank […]

Tellurian Enters into Material Definitive Agreement

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(Tellurian, 6.Apr.2023) — On 4 April, 2023, Tellurian Inc. entered into a binding letter of intent (the “LOI”) with a New York-based institutional investor with approximately $120bn in assets under management regarding the sale and leaseback of approximately 800 acres of land owned and/or leased by Driftwood LNG LLC, a […]

Venture Global Supplies First LNG Cargo to Finland

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(Venture Global, 3.Apr.2023) — Vitol announced the delivery of the first LNG cargo to ever arrive in Finland. The tanker, which can hold 174,062 m3 of liquefied natural gas (LNG) was loaded at Venture Global’s Calcasieu Pass LNG export terminal and arrived at the new Inkoo terminal in Finland. “Venture […]

Baker Hughes to Supply Trains for Port Arthur LNG Phase 1 Project

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(Baker Hughes, 27.Mar.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas, following the positive Final Investment Decision (FID) announced March 20. Through the […]

Sempra Launches Port Arthur LNG with $13bn FID [Video + PDF Download]

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(Sempra, 20.Mar.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP, reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips (NYSE: COP), as […]

How the Russia-Ukraine War is Changing Energy Markets

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(WoodMac, 23.Feb.2023) — Ukraine’s battle is existential. The country has suffered a year of lost lives, its people forced to live each day in perpetual fear and witness the destruction of homes, communities and infrastructure. Millions have fled the country. Russia’s war has had a huge impact outside Ukraine, too, […]

Gulfstream LNG Begins Advances Project Development

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(Gulfstream LNG Development, 22.Feb.2023) — Gulfstream LNG Development, LLC, a recently launched mid-sized greenfield LNG export project, announced that it has filed an application to the United States Department of Energy (DOE) seeking authorization to export up to four million tonnes per annum (MTPA) of liquefied natural gas (LNG) to […]

Freeport LNG to start operations at its LNG plant in south Texas

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HOUSTON, TEXAS (Energy Analytics Institute, Ian Silverman, 21.Feb.2023, Words: 269) — Freeport LNG Development, L.P. has received regulatory approval to commence commercial operations of the company’s natural gas liquefaction and export facility. Today’s authorization provides for the immediate full return to service of 1 liquefaction train, that has already restarted, […]

Shell LNG 2023 Outlook [PDF Downloads]

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(Shell, 16.Feb.2023) — Europe’s increased need for liquefied natural gas (LNG) looks set to intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the longer term, according to Shell’s LNG Outlook 2023. ____________________

Sempra to Develop NatGas Transportation Infrastructure in Mexico

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(Sempra, 14.Feb.2023) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), Mexico’s Federal Electricity Commission (ComisiĂłn Federal de Electricidad, CFE), and Carso Energy, a subsidiary of Grupo Carso, announced today a Memorandum of Understanding (MOU) to advance a potential strategic alliance for the joint development of natural gas […]

Seaside LNG Acquires LNG Bunker Barge from TOTE Maritime Puerto Rico

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(Seaside, 9.Feb.2023) — Seaside LNG announced the acquisition of the liquefied natural gas fueling barge the Clean Jacksonville from TOTE Maritime Puerto Rico, LLC, a subsidiary of TOTE Group, LLC. Seaside LNG’s maritime transportation company, Polaris New Energy, has contracted to continue fueling TOTE’s Marlin Class LNG-powered container ships and other commercial […]

First LNG Cargo Reaches Germany’s LNG Terminal in Wilhelmshaven

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(Venture Global, 3.Jan.2023) — Today, Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to the new LNG terminal, operated by Uniper, in Wilhelmshaven. The LNG ship Maria Energy, owned by Tsakos Energy Navigation, a major energy mover, was loaded in Calcasieu Pass, USA, at the liquefaction facility of the LNG […]

Sempra Inks SPA with RWE for Port Arthur LNG

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(Sempra Infrastructure, 28.Dec.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a long-term sale and purchase agreement (SPA) with RWE Supply & Trading, a subsidiary of RWE (RWE: AG), for the supply of approximately 2.25 million tonnes per annum (Mtpa) of liquefied natural […]

North America has the Energy to Solve the Global Crisis

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(TC Energy, 6.Dec.2022) — TC Energy’s President & CEO, François Poirier, shares his thoughts and perspectives on how two simple ideas can help solve the energy crisis. Our path to balancing global energy transition and continued energy security creates a maze of challenges. We need to ensure the measures we […]

ConocoPhillips and QatarEnergy to Provide Reliable LNG Supply to Germany

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(ConocoPhillips, 29.Nov.2022) — ConocoPhillips (NYSE: COP) and QatarEnergy signed two agreements to supply long-term liquefied natural gas (LNG) to Germany. The suppliers are joint venture companies established between ConocoPhillips and QatarEnergy to participate in the North Field East (NFE) and North Field South (NFS) projects, and the buyer is a […]

bp Begins Shipping LNG from Mozambique’s First LNG Project

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(bp, 14.Nov.2022) — bp has successfully loaded the first LNG cargo from Mozambique’s offshore Coral Sul FLNG facility, the country’s first LNG project and first floating LNG facility ever deployed in the deep waters of the African continent. Under its long-term contract, bp will purchase 100% of LNG output from Coral Sul FLNG which has the […]

Dozens of LNG-laden Ships Queue off Europe’s Coasts Unable to Unload

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(Reuters, 17.Oct.2022) — Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this “exceptional situation”. Europe is facing an energy supply […]

Tellurian Plunges After Axing $1bn Bond for LNG Plant

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(Bloomberg, 19.Sep.2022) — Tellurian Inc. withdrew a $1 billion high-yield bond sale, leaving the future of its US natural gas export project in limbo. The stock plunged more than 24%. Citing uncertainty in the junk-bond market, the Houston-based company halted the offering of senior secured notes and warrants on Monday. Tellurian had […]

Essar Inks $2.4bn Sale Pact with AM/NS for Infra Assets

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(Essar, 26.Aug.2022) — In one of the largest post-pandemic M&A deals in India, Essar announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant operations. The deal also envisages a 50-50 Joint Venture partnership, for […]

Air Products to Provide Heat Exchangers for Qatar NFE LNG Project

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(Air Products, 25.Aug.2022) — Air Products (NYSE: APD), a leader in liquefied natural gas (LNG) technology and equipment, has been awarded the contract to supply four end flash coil wound heat exchangers (CWHE) for the North Field East LNG Project in Ras Laffan Industrial City, Qatar. One of the end flash CWHE’s will be […]

Mexico Plans to be LNG Export Hub with US Gas

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(Bloomberg, 15.Aug.2022) — Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the world’s top exporters of the fuel, and fast. Although natural gas exports from Mexico are today non-existent, seeing as it produces too little of the power-plant […]

Petronet Says Dahej Terminal Processed 196 TBTU of LNG in Recent Quarter

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(Petronet, 5.Aug.2022) — During the quarter ended 30 June, 2022 (current quarter), Petronet LNG Ltd.,’s Dahej terminal processed 196 TBTU of LNG as against 194 TBTU processed during the corresponding quarter ended 30 June, 2021 and 178 TBTU processed during the previous quarter ended 31 March, 2022. The overall LNG volume processed […]

Petronet Delays Plan for 1 mtpa LNG Deal Amid High Prices

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(Reuters, 5.Aug.2022) — India’s top gas importer Petronet LNG has pushed back plans for a 1 million tonnes per annum (mtpa) liquefied natural gas (LNG) import deal after a surge in global prices, its head of finance Vinod Kumar Mishra said. “If you go for any long term contract it […]

China’s LNG Imports to See Unprecedented Decline in 2022 

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(WoodMac, 19.Jul.2022) — China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says Wood Mackenzie a Verisk business (Nasdaq:VRSK). After a solid growth in 2021, China’s gas and LNG demand is expected to slow down […]

NRGBriefs: OFAC on LPG Exports to Venezuela; Nothing Yet on Atlantic LNG

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(Energy Analytics Institute, 7.Jul.2022) — Energy briefs including the US Office of Foreign Assets Control (OFAC) authorizing certain transactions involving the exportation or reexportation of liquefied petroleum gas (LPG) to Venezuela; and the government of Trinidad and Tobago yet to announce details of partnership restructuring related to Atlantic LNG. LATIN […]

QatarEnergy Selects Shell for NFE Expansion Project

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(QatarEnergy, 5.Jul.2022) — QatarEnergy announced the selection of Shell plc. as partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. The partnership agreement was signed today in a ceremony at QatarEnergy’s headquarters in Doha, by His Excellency Mr. Saad […]

NFE and Apollo Funds to Form New JV; Deal Valued at $2bn

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(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) and Apollo (NYSE: APO) today announced that they have entered into a definitive Equity Purchase and Contribution Agreement (the “Purchase and Contribution Agreement”) to sell 11 LNG infrastructure vessels owned by NFE to a newly formed joint venture (the […]

NFE Signs Deal with CFE to Expand Supply of Natural Gas to Baja

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(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) today announced that it has entered into an agreement with ComisiĂłn Federal de Electricidad (“CFE”) as part of a growing strategic alliance supported by His Excellency AndrĂ©s Manuel LĂłpez Obrador, the President of Mexico, and by Manuel Bartlett, the CEO of […]