Processing/LNG
Equinor, Shell and Exxon Agree LNG Project with Tanzania
Equinor, Shell and Exxon Mobil have agreed a deal with the government of Tanzania for the development of a LNG export terminal in the East African country, the two sides said on Friday.
Australia's Beach Energy Shares Tumble on Waitsia Gas Project Delay
Shares of Beach Energy Ltd. fell nearly 8% on Thursday after the Australian oil and gas explorer said it was no longer prudent to maintain capital expenditure and timing estimates for its $520.93 million Waitsia Stage 2 gas project.
Regional Spotlight: US Consolidates, Expands Ahead of LNG Export Demand
(P&GJ) — U.S. midstream companies would be hard-pressed this year to approach the record earnings that many achieved in 2022, but the sharp decline in oil and natural gas prices from last year’s highs hasn’t blunted their expansion efforts.
Philippines' First Gen Seeks One LNG Cargo for FSRU Commissioning in September
The company expects to commission its floating storage and regasification unit (FSRU) in Batangas province, about 92 km (57 miles) south of capital Manila, in September, and is looking for an initial LNG cargo of 160,000 cubic meters, said chief commercial officer Jonathan Charles Russell.
Alaska LNG Project Clears Legal Challenge, Advances 800-Mile Gas Pipeline
A U.S. appeals court has rejected a lawsuit filed by environmental groups that challenged the federal approvals required for a $39 billion project aimed at transporting natural gas across Alaska, starting from the North Slope. According to a spokesperson, construction on the 800-mile pipeline and related infrastructure has not yet commenced.
Technip Energies Wins LNG Contract for QatarEnergy’s North Field South Project
(P&GJ) — This award will cover the delivery of 2 mega trains, each with a capacity of 8 MTPA of LNG. It will include a large CO2 carbon capture and sequestration facility of 1.5 MTPA, leading to a more than 25% reduction of greenhouse gas emissions when compared to similar LNG facilities.
Cheniere Inks 19-Year LNG Supply Deal with Korea Southern Power
(P&GJ) — Under the agreement, Korea Southern Power has agreed to purchase approximately 0.4 MTPA of LNG from Cheniere on a delivered ex-ship basis from 2027 through 2046, with a smaller annual quantity to be delivered starting in 2024.
Philippines' Marcos Signs 15-Year Malampaya Gas Contract Renewal
Philippine President Ferdinand Marcos Jr. on Monday signed an agreement extending the production contract for the country's Malampaya natural gas block by 15 years and allowing the operator to drill new wells as it seeks to boost output.
Analysts: US Permit Crackdown Poses New Hurdles for Proposed LNG Projects
The U.S. Department of Energy's refusal to grant export permit extensions to LNG developers that fail to meet a construction deadline poses a new hurdle for greenfield plants, analysts said on Thursday.
Shell Halts Production at Prelude Floating LNG Facility
Shell has suspended production at its Prelude floating LNG facility off Western Australia due to problems with its processes, a spokeswoman said on Friday, and is working through steps to restart production at the world's largest floating LNG platform.
Spain's Endesa Faces $411 Million Claim in LNG Contract Dispute
Spanish power utility Endesa faces a claim of $411 million as part of an arbitration process launched by a liquefied natural gas producer in March, it said on Tuesday.
PetroVietnam Gas Gets Country's First LNG Import-Export Approval
PetroVietnam Gas said on Monday it had received a certificate from local authorities to become the country's first company eligible to import and export LNG.
Australia Government to Change Petroleum Tax, LNG Projects to Pay More
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by $1.6 billion over the next four fiscal years, Treasurer Jim Chalmers said on Saturday.
Snam CEO: Italy New LNG Terminal to Be Operational at End of May
The expansion is part of the Italian government's strategy for replacing Russian gas with alternative supplies.
New Fortress Energy Could Install Fast LNG Units Onshore at Altamira, Mexico
U.S. energy company New Fortress Energy Inc. said on Thursday it could install the second and third of its Fast LNG production units onshore at Altamira in Mexico in the second half of 2024.
Timor Gap CEO Expects Great Sunrise Gas Project Decision by November
The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.
Mexico Pacific to Pump $14 Billion Into Building Natural Gas Pipeline
Mexico Pacific is set to build a natural gas pipeline and liquefaction plant in the northern state of Sonora for an investment of up to $14 billion, Mexican President Andres Manuel Lopez Obrador and his office said on Tuesday.
Sources: Aramco in Talks with Sinopec, TotalEnergies for $10 Billion Gas Deal
Saudi Arabian oil giant Aramco is in a "listening phase" on proposals from refining giant Sinopec Corp. and French oil major TotalEnergies for a slice of a shale gas development project worth about $10 billion, two sources with knowledge of the matter said on Tuesday.
US LNG Exports Go Full Steam Ahead, Sales to Latin America Rise
U.S. producers of LNG exported at top capacity in April for a second consecutive month, with over two-thirds of shipments bound for Europe and rising volumes to Latin America, data showed on Monday.
BP Agrees to Buy Shell's Stake in Australian Browse Gas Project
BP has agreed to buy rival giant Shell's 27% stake in the Browse joint venture, expanding its holding in Australia's largest untapped gas resource in a move that could improve the development prospects for the long-stalled project.
US Venture Global Signs 20-Year LNG Supply Deal with Japan's JERA
U.S. company Venture Global LNG announced a deal to supply LNG to Japan's JERA for 20 years, where it agreed to sell 1 MTPA of LNG to JERA, Japan's biggest power generator and one of the world's biggest LNG buyers, from its CP2 LNG project.
RWE Says It Has No Interest in Operating LNG Infrastructure Long-Term
Germany's RWE said on Friday it had no interest in operating infrastructure for importing LNG in the long run, responding to a report saying it wanted to pull out of a controversial LNG project in the Baltic Sea.
TotalEnergies Says Mozambique LNG Restart Complicated by Cost Disagreements
The restart of TotalEnergies' $20 billion Mozambique LNG project is being complicated by disagreements with contractors over extra costs, the company said on Thursday.
Unable to Process Venezuela's Heavy Oil, Cuba Turns to Russia, Mexico
Cuba increasingly is turning to Russia and Mexico for oil to ease an acute shortage of diesel and gasoline and supplement dwindling supplies of Venezuelan crude and fuel, according to shipping data and sources.
Explainer: Can Joint Gas Buying Boost Europe's Energy Security?
The European Union opened a scheme this week for companies to jointly buy gas, aiming to secure supplies ahead of winter and avoid a repeat of last year's record-high energy prices.
Japan's Tokyo Gas Reports Record 2022/23 Profit on LNG Price Boost
Tokyo Gas on Wednesday reported its highest ever yearly net profit for the 2022/23 fiscal year amid record LNG prices but warned that next year's profit may drop because of projected lower city gas and electricity sales.
Eni Launches $5 Billion Gas Liquefaction Project in Congo Republic
Italian energy group Eni and Congo Republic's government on Tuesday launched a $5 billion gas liquefaction project expected to reach a production capacity of 3 million tonnes per year in 2025.
Dutch Government Confirms Plan to Halt Gas Production in Groningen
The Dutch government said on Tuesday that it will invest $24.24 billion in the earthquake-stricken Groningen region while confirming plans to halt gas production there no later than 2024.
Tellurian Receives US Approval for Driftwood Gas Pipelines
Liquefied natural gas developer Tellurian Inc. said on Monday the U.S. energy regulator had authorized Line 200 and Line 300 of its $1.4 billion Driftwood natural gas transmission pipeline project.
Delfin Signs 20-Year LNG Supply Deal with Hartree
(P&GJ) — Under the agreement, Delfin LNG will supply 0.6 MTPA on a free-on-board basis at the Delfin Deepwater Port, 40 nautical miles off the coast of Louisiana, to Hartree for a 20-year period.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
