(NextDecade Corp., 5.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with China Gas Hongda Energy Trading Co., LTD, a wholly-owned subsidiary of China Gas Holdings Limited (HKEX:00384) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project […]
Tag: LNG
Shell Joins Qatar’s NFE LNG Expansion Project
(Shell, 5.Jul.2022) — Shell has been selected by QatarEnergy as a partner in the North Field East expansion project in Qatar, the single largest project in the history of the liquefied natural gas (LNG) industry. Shell will hold a 25 per cent share in a joint venture company which will […]
NRGBriefs: Increased US LNG Exports Could Add $73bn to US Economy
(Energy Analytics Institute, 30.Jun.2022) — Energy briefs including Freeport LNG Development, L.P. eying a partial resumption of liquefaction operations in October 2022; and the American Petroleum Institute (API) forecasting that increasing US LNG exports could support 220,000-452,000 additional American jobs and add up to $73bn to the US economy by […]
G-7 Leaders Favor LNG Investment in U-Turn Due to Energy Crisis
(Bloomberg, 29.Jun.2022) — Investments in liquefied natural gas — already booming as Europe seeks to cut its energy dependence on Russia — are set to get another boost, even amid longstanding climate concerns. Leaders from the Group of Seven, representing the world’s richest economies, on Tuesday supported temporary public investments […]
In Colombia, Natural Gas Consumption Exceeding Production
(EIA, 27.Jun.2022) — In 2020, when drought resulted in decreased hydroelectric power, Colombia imported 14.2 billion cubic feet (Bcf) of natural gas, which helped the country meet natural gas demand for electricity, according to our recently updated Colombia Country Analysis Brief. More than 65% of electricity generation in Colombia came from […]
Cheniere and Chevron Ink LNG Sale and Purchase Agreements
(Cheniere Energy, 22.Jun.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that two of its subsidiaries, Sabine Pass Liquefaction, LLC (“SPL”) and Cheniere Marketing, LLC, have each entered into long-term liquefied natural gas (“LNG”) sale and purchase agreements (each, an “SPA”) with Chevron U.S.A. Inc., a wholly-owned subsidiary of Chevron […]
ExxonMobil and QatarEnergy to Expand LNG Production
(Exxon, 21.Jun.2022) — ExxonMobil and QatarEnergy signed an agreement to further develop Qatar’s North Field East project, which will expand Qatar’s annual LNG capacity from 77 million tons to 110 million tons by 2026. The deal was announced at QatarEnergy’s headquarters in Doha. Highlights: — ExxonMobil awarded 25% interest in […]
Freeport LNG Targets Partial Ops in 90 Days; 100% in Late 2022
(Freeport LNG, 14.Jun.2022) — Freeport LNG Development, L.P. is providing the following update on the June 8 incident at its Quintana Island liquefaction facility: At approximately 11:40AM CT on 8 June 2022, an incident occurred at the Freeport LNG liquefaction plant on Quintana Island, Texas that resulted in the release of LNG, leading to the formation and ignition of a […]
LNG Contracting Off to Fast Start in 2022 with More Than 10 mmtpa Signed
(WoodMac, 16.May.2022) — Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according to a recently published LNG contract trends report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Wood Mackenzie principal analyst Daniel Toleman […]
Venture Global Reveals LNG Agreement with ExxonMobil
(Venture Global, 10.May.2022) — Venture Global LNG announced the execution of two new long-term Sales and Purchase Agreements (SPAs) with ExxonMobil LNG Asia Pacific (EMLAP) for the sale of 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG).  Under the agreements, the ExxonMobil affiliate will purchase 1 MTPA […]
Gas Entec Converts LNG Carrier to M-FSRU Unit for KARMOL
(AG&P, 9.May.2022) — GAS Entec, a subsidiary of Atlantic Gulf & Pacific International Holding (AG&P), completed the conversion of a 125,000m³ LNG carrier (LNGC) for KARMOL, a joint-venture between Turkey’s Karpowership and Japan’s Mitsui OSK Lines (MOL), into an 84 mmscfd Modular Floating Storage and Regasification Unit (M-FSRU) with capacity to scale from 15 to 300 […]
NRGBriefs: The Vennie-Trini Gas Dilemma; TotalEnergies’ 1Q:22 Results
(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with its already well-established gas economy and massive four-train Atlantic LNG export complex; Paris-based TotalEnergies reporting 1Q:22 financial results; and Spanish oil giant Repsol reporting production […]
US DOE Approves Golden Pass and Magnolia LNG Export Projects
(LNG Allies, 27.Apr.2022) — The US Department of Energy (DOE) approved the requests from two US LNG export project sponsors to increase the volume of US natural gas that can be exported from their facilities: Golden Pass LNG in Sabine Pass, Texas, was authorized to increase the volume of its […]
Argentina Seeking $10bn Investment to Jump-Start LNG Exports, Minister Says
(Reuters, 27.Apr.2022) — Argentina, battling a deep and costly energy deficit, is looking to attract some $10 billion in private investment to help it jump start exports of liquefied natural gas (LNG) by 2027, economy minister Martin Guzman said on Wednesday. Argentina is home to the huge Vaca Muerta formation, […]
NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth
(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister MartĂn Guzmán saying that the country could generate around $15bn per year from exporting LNG starting in 2027; Sempra waiting on the US DOE the approve two LNG export projects in Mexico; the BODs of US-based Chevron Corp. (NYSE: […]
LNG Exports Continue to Lead Growth in US Natural Gas Exports
(EIA, 20.Apr.2022) — Since the United States began exporting more natural gas than it imports on an annual basis in 2017, natural gas exports both by pipeline and as liquefied natural gas (LNG) have grown significantly. In our Short-Term Energy Outlook (STEO), we forecast that LNG exports will continue to lead the growth […]
INOXCVA Awarded Contract for MiniLNG Terminal for Caribbean LNG in Antigua
(INOXCVA, 19.Apr.2022) — Indian multinational and a manufacturer of cryogenic equipment and solutions provider, INOXCVA has been awarded a contract by Caribbean LNG Inc. for Design, Engineering & Supply on a turnkey basis for a MiniLNG receiving and regasification terminal to be set up in Antigua, West Indies. Caribbean LNG […]
Argentina Gov’t Says Bolivia Gas Deal to Save $769mn, Replace LNG Imports
(Reuters, 8.Apr.2022) — Argentina’s new deal with Bolivia to up natural gas imports will bring savings of $769 million in foreign-exchange reserves and replace 14 vessels of increasingly expensive liquefied natural gas (LNG), Energy Secretary Dario Martinez said on Friday. Argentine President Alberto Fernandez and his Bolivian counterpart Luis Arce […]
EIG and Fluxys Partner in GNL Quintero S.A. Plant in Chile
(EIG, 28.Mar.2022) — EIG, an institutional investor to the global energy and infrastructure sectors, and Fluxys, an energy infrastructure company, announced they jointly will acquire an 80% equity stake in GNL Quintero S.A., the largest liquefied natural gas (LNG) regasification terminal in Chile, from Enagas Chile SpA and affiliates of […]
Tellurian’s Driftwood LNG Begins Construction
(Tellurian, 28.Mar.2022) — Tellurian Inc. (NYSE American: TELL) issued a limited notice to proceed to Bechtel Energy Inc. under its executed Engineering, Procurement and Construction (EPC) contract to begin construction of phase one of the Driftwood LNG terminal, a liquefied natural gas (LNG) export facility near Lake Charles, Louisiana. President […]
NextDecade and Guangdong Energy Announce Binding Heads of Agreement
(NextDecade Corporation, 24.Mar.2022) — NextDecade Corporation (NASDAQ: NEXT) announced the execution of a binding Heads of Agreement (“HOA”) with Guangdong Energy Group Natural Gas Co., Ltd. for the long-term supply of liquefied natural gas (LNG) for 20 years from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. The HOA provides that […]
NFE Announces LNG SPA with Venture Global LNG
(New Fortress Energy, 16.Mar.2022) — New Fortress Energy Inc. (NASDAQ: NFE) announced the execution of two 20-year Sale and Purchase Agreements (SPA) with Venture Global LNG. Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG […]
Can Trinidad and Tobago Pivot to Survive Evolving Natural Gas and LNG Markets?
(TT Geological Society, 20.Jan.2022) — Natural gas and by extension liquefied natural gas (LNG) have become forerunners in the hydrocarbon industry. The reputation of being a cheap, clean and an abundant fuel source more environmentally friendly than oil and coal has made it quite attractive amid renewable energy alternatives that […]
Q&A: Excelerate Looks South for LNG Opportunities
(Argus, 28.Dec.2021) — Brazil’s unfolding market opening for natural gas could also create opportunities for LNG in the region as a complementary energy source, US energy firm Excelerate Energy believes. Vice president for South America Gabriela Aguilar talked to Argus about the new mindset for energy integration between Brazil and […]
NFE Signs MOU with Mauritania for Fast LNG And Gas-to-Power Project
(New Fortress Energy, 21.Dec.2021) — New Fortress Energy Inc. (NASDAQ: NFE) announced execution of a Memorandum of Understanding (MOU) with the Islamic Republic of Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas (LNG) and blue ammonia, utilizing existing offshore gas reserves off the […]
Excelerate Energy Initiates Ops At Bahia LNG Terminal
(Excelerate, 9.Dec.2021) — Excelerate Energy L.P. announced that on 8 December 2021 it started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia. Excelerate’s floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173,400 cubic meters, is providing […]
Excelerate Energy Hosts Tree Planting Initiative In Bangladesh
(Excelerate, 8.Dec.2021) — Excelerate Energy, a U.S.-based LNG company, organized a tree planting initiative on November 17, 2021 at Zero Point, Moheshkhali Island in Cox’s Bazar. Excelerate employees, with the help of the local community, business leaders, and officials, planted 10,000 mangroves across two acres of land to help raise […]
Bahia LNG Import Terminal Leasing Deal Advances
(Energy Analytics Institute, 26.Aug.2021) — Brazil’s state oil company Petrobras said the leasing process for the LNG Regasification Terminal of Bahia (TR-BA) and associated facilities continues to move forward with Excelerate Energy Comercializadora de Gás Natural Ltda. advancing to the qualification stage. Effectively, the “verification stage of the effectiveness of […]
Excelerate Energy Advances On Leasing Of Bahia LNG Terminal
(Excelerate, 26.Aug.2021) — Excelerate Energy L.P. successfully concluded with PetrĂłleo Brasileiro S.A. (Petrobras) the negotiation stage of the tender process for the lease of Bahia Regasification Terminal. Once the financial and legal qualification and certification stages have been concluded and all necessary regulatory approvals have been obtained, Excelerate will start […]
MEEI Minister Delivers Address At Atlantic LNG Event
(MEEI, 27.Jul.2021) — The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister The Honourable Stuart R. Young M.P delivered the feature address at the opening of Atlantic LNG’s 9th Process Safety Week 2021 virtually from the International Waterfront Complex Office of the Ministry […]
Vale Gets Permission To Import LNG
(S&P Global, 15.Jul.2021) — Brazilian multinational metals and mining company Vale has received permission from ANP, Brazil’s energy regulator, to import LNG for its own industrial uses. The company has been authorized to import 1.66 cu m of gas equivalent per day for use in heating the company’s industrial ovens, […]
ANP Authorizes To Import LNG
(Argus, 14.Jul.2021) — Brazil has authorized iron ore producer Vale to import LNG to serve its own heating demand. Brazilian oil and gas regulation agency (ANP) will allow Vale to import LNG equal to 1.66mn mÂł/d (58.6mn cf/d) of regasified fuel, to be supplied by any country, by sea transport. […]
Petrobras On LNG Regasification Terminal Leasing
(Petrobras, 21.Jun.2021) — Petrobras, following up on the releases disclosed on 1 October 2021 and 16 April 2021 informs that on 14 June 2021, a public session was held to open the commercial proposals of the bidders interested in leasing the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, with […]
Colombia’s UPME Extends Investor Selection Deadline For LNG Terminal
(Energy Analytics Institute, 11.Jun.2021) — Colombia’s Energy Mining Planning Unit, or UPME, announced that the investor selection process related to a second liquefied natural gas (LNG) import terminal would take place in October 2021, three months later than originally planned. The presentation of bid envelopes for the project, to be […]
![International Gas Union Releases 12th Annual World LNG Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/06/IGU-2019_web_spreads-1.png)
International Gas Union Releases 12th Annual World LNG Report [PDF Download]
(International Gas Union, 3.Jun.2021) — The International Gas Union (IGU) is today releasing its 12th annual World LNG Report, the world’s most comprehensive public source of information on key developments and trends in the LNG sector. An exceptional year Much has changed since the release of the 2020 report, when […]
Invenergy, BW LNG Finish FSRU Financing
(Invenergy, 12.May.2021) — Global sustainable energy developer Invenergy and global liquefied natural gas (LNG) solutions provider BW LNG announced that they recently closed a $128.3mn financial package with IDB Invest to finance the special-built floating storage and regasification unit (FSRU) component of the EnergĂa del PacĂfico (EDP) LNG-to-power project in El Salvador. The financial package […]
Brazil LNG Demand Heading For Record Year
(Argus, 10.May.2021) — Brazil is on track to import a record volume of LNG this year because of persistent dry weather coupled with the commissioning of new LNG-to-power projects. As arid conditions dragged on into April, the electricity sector monitoring committee (CMSE) cleared the dispatch of thermoelectric plants and electricity […]
Argentina Ramping Up LNG Imports
(Natural Gas Intelligence, 26.Apr.2021) — Argentina has commissioned a second floating storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, IntegraciĂłn EnergĂ©tica Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the BahĂa Blanca port. […]
Panama Canal Begins Transition To Become Carbon Neutral By 2030
(Panama Canal Authority, 26.Apr.2020) — The Panama Canal launched its process of decarbonizing its operations, with aims of becoming carbon neutral by 2030. “We at the Panama Canal are committed to sustainability, and therefore are laying the foundation, creating the tools, and identifying the changes needed to achieve efficiencies that […]
Atlantic Mourns Passing Of Minister Khan
(Atlantic LNG, 19.Apr.2021) — LNG production company Atlantic expresses heartfelt condolences on the passing of Senator the Honourable Franklin Khan, Minister of Energy and Energy Industries. We join the national community and our energy sector colleagues in lauding Senator Khan’s distinguished career and many years of dedicated service both locally […]
Petrobras On Leasing Of LNG Regasification Terminal
(Petrobras, 16.Apr.2021) — Petrobras, following up on the release disclosed on 1 October 2020, published today the Call for the second bidding process to lease the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, in the State of Bahia, in line with the Agreement for the natural gas market, entered […]
CB&I Awarded LNG Storage Contract For Philippines’ First LNG Import Terminal
(McDermott International, Ltd, 14.Apr.2021) — McDermott International, Ltd announced that its CB&I Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific Company of Manila Inc. (AG&P) for the engineering, procurement and construction of a liquefied natural gas (LNG) storage tank for AG&P’s Philippines LNG import and […]
Total, Siemens To Reduce LNG Related Emissions
(Total, 13.Apr.2021) — Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation. Each partner will bring together their best-in-class technologies and combine their know-how to deliver industrial-stage solutions such […]
LatAm Briefs: Venezuela’s 7+7 Quarantine, Elections In Peru
(Energy Analytics Institute, 5.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela’s President Nicolas Maduro announces the start of another 7+7 quarantine rotation and Peru eyes presidential elections on 11 April 2021. Venezuela Starts Another 7+7 Quarantine Rotation Oil producer Venezuela will start another so-called radical […]
WoodMac On Suez Canal Congestion
(WoodMac, 24.Mar.2021) — According to Wood Mackenzie’s VesselTracker – as of 24 March, one LNG vessel is “trapped” within the canal. The Golar Tundra loaded at Egypt’s Idku on 21 March and was transiting to Asia. At the Southern entrance, the Rasheeda is awaiting to transit with a shipment from […]
Shell Completes Sale Of Interest In QCLNG
(Shell, 15.Mar.2021) — QGC Common Facilities Company Pty Ltd, a wholly-owned subsidiary of Shell, today announced it has completed the sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for $2.5bn, following the receipt of regulatory approval. The sale was announced […]
Panama Canal Sets LNG Transite, Tonnage Record
(Panama Canal Authority, 3.Feb.2021) — The Panama Canal set a new monthly record for transits and tonnage of liquefied natural gas (LNG) vessels in January, which shows its capacity to respond to the demand of this segment, as a result of the recent surge in the energy market. In January, […]
Seaspan Reveals 10 LNG Containership Newbuilds
(Seaspan, 12.Feb.2021) — Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., today announced that it has entered into agreements with a major shipyard for 10 – 15,000 TEU dual-fuel liquefied natural gas (LNG) containership newbuilds. The ultra-modern containerships are anticipated to begin deliveries in the first half of 2023, […]
ZIM And Seaspan Announce Deal For LNG-Fueled Vessels
(ZIM Integrated, 12.Feb.2021) — ZIM Integrated Shipping Services Ltd., and Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., announced today a strategic agreement for the long-term charter of ten 15,000 TEU liquefied natural gas (LNG) dual-fuel container vessels, to serve ZIM’s Asia – US East Coast trade. ZIM is […]
No Bids By Petrobras For Renting Of LNG Terminal
(Petrobras, 1.Feb.2021) — Petrobras, following up on the release disclosed on 1 October 2020, informs that the bidding process started on 3 August 2020 was ended, with no valid proposals, and that the company published, on today’s date, Bid Notice 002, aiming to determine a new deadline for the accreditation […]