Processing/LNG

Shell Forecasts 50% Surge in Global LNG Demand by 2040

Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use LNG to support their economic growth, Shell said on Wednesday.

Shell Exec: Extended U.S. LNG Export Ban Would Significantly Impact Global Market

An extended U.S. ban on new LNG export projects would have "quite an impact" on the fast-growing global market, a senior Shell executive said on Wednesday.

Williams Companies Beats Profit Estimates, Forecasts Higher 2024 Core Profit

Williams Companies beat estimates for fourth-quarter profit on Wednesday, as it benefited from strength in its transmission and Gulf of Mexico unit, and the pipeline operator also forecast a higher core profit for this year.

Williams CEO Warns U.S. LNG Export Terminal Permit Pause May Fuel Overseas Coal Consumption

The Biden administration's pause on approving permits for U.S. liquefied natural gas (LNG) export terminals could backfire by boosting coal usage overseas, the CEO of U.S. natural gas pipeline operator Williams Companies said.

EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline

EIG's MidOcean Energy secures 20% stake in Peru LNG, which includes a natural gas liquefaction plant, a 254-mile pipeline, storage tanks, a marine terminal, and a truck loading facility.

Chesapeake Energy Signs LNG Export Deal with Gunvor, Delfin

Chesapeake Energy has entered a long-term LNG export deal with Delfin LNG and global energy trader Gunvor Group, the U.S. natural gas producer said on Tuesday.

Former Trump, Bush Officials Urge Congress to Reverse Biden's LNG Pause

Dozens of former officials from the past two Republican U.S. administrations on Monday urged Congress to reverse the Biden administration's pause on approvals of LNG exports, saying the shipments promote global stability.

Japan's Japex Eyes U.S. as Prime Investment Hub for Energy Exploration Despite Political Risks

Japan Petroleum Exploration (Japex) sees the United States as the most appealing investment destination for oil and gas exploration and production, despite political risks posed by this year's election, its senior managing executive officer said on Friday.

National Grid, Constellation Energy Agree on LNG Supply Deal for Massachusetts Facility

Britain's National Grid on Friday said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.

Russia Extends Permit for LNG Supplies to Germany's SEFE Until 2040

The Russian government has extended a permit for its Yamal LNG plant to supply LNG to German nationalized gas importer and trader SEFE until Dec. 31, 2040, according to a government document published on Friday.

EIA Expects Big Boost for U.S. LNG Terminals with New Pipelines

More than 20 Bcf/d of natural gas pipeline capacity is under construction, partly completed, or approved to deliver natural gas to five U.S. liquefied natural gas (LNG) export terminals that are currently under construction, according to the U.S. EIA’s Natural Gas Pipeline Project Tracker.

Case Study: Identification, Sizing Accuracy for UTCD In-Line Inspection

One of the most pressing concerns for operators of liquid buried pipelines is the management of stress corrosion cracking (SCC). Detecting and sizing SCC in liquid pipelines is usually accomplished through ultrasonic crack detection (UTCD) in-line inspection tools.

Biden Administration's LNG Pause Defended by Top Official in Senate Hearing

A top U.S. Department of Energy official on Thursday defended President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.

Arctic LNG 2's Third Line on Hold, TotalEnergies CEO Says

The third and the last train of the Arctic LNG 2 project in Russia has been put on hold but the second train is likely to be installed, the head of stakeholder TotalEnergies said.

GAIL India Responds to Red Sea Crisis, Buys Spot LNG and Redirects U.S. Supply to Europe

India's state-run GAIL (India) Ltd. is selling more U.S. LNG in European markets and making spot purchases to avert delays due to the Red Sea crisis, head of marketing Sanjay Kumar told a press conference.

Petrobras Explores LNG Projects with Qatar, CEO Says

Brazil's state-run Petrobras is in talks with other national oil companies in China, India and the Middle East, including Kuwait Petroleum and Qatar Energy, to collaborate on energy projects, its chief executive said on Wednesday.

Adani Total Says Dhamra LNG Terminal Operating at 55% Utilization Rate

Adani Total Pvt Ltd.'s Dhamra terminal has received 15 commercial LNG cargoes since commissioning in May 2023 and is operating at a utilization rate of 55%, CEO Satinder Pal Singh said on Tuesday.

QatarEnergy and Petronet LNG Sign 20-Year LNG Deal

The deal will see Qatar supply 7.5 million metric tons per year of LNG to Petronet LNG on a delivered ex-ship basis (DES) from 2028 to 2048, according to a Petronet LNG statement.

Mitsubishi Sees Russia's Sakhalin LNG as Key Energy Source for Japan

Mitsubishi Corp. CEO Katsuya Nakanishi said on Tuesday that Russia's Sakhalin 2 LNG project remains a key source for Japan's energy supply, as Japanese companies maintain their Russian exposure.

Tellurian Explores Sale of Haynesville Upstream Business to Finance Driftwood LNG

Tellurian is exploring the sale of its Haynesville upstream business, the LNG firm said on Tuesday, as it looks to raise capital for its Driftwood LNG project.

U.S. Lawmakers Hold First of Two Hearings on Biden's LNG Pause

As Republican and some Democratic U.S. lawmakers slam President Joe Biden's pause on approvals of exports of LNG a House subcommittee held a hearing on the issue on Tuesday, the first of two in Congress this week.

Venture Global and Grain LNG Ink 16-Year Deal for LNG Supply to UK

Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG receiving terminal for sixteen years beginning in 2029-equivalent of up to 5% of average U.K. gas demand.

U.S. Says Allies 'Reassured' LNG Pause Does Not Affect Current Exports

U.S. allies concerned about steady supplies of LNG are reassured when they understand President Joe Biden's pause on LNG export approvals does not affect currently permitted shipments, a U.S. State Department official said on Monday.

QatarEnergy Signs 10-Year Condensate Supply Deal with Japan's Mitsui

QatarEnergy has signed a deal to supply Japan's Mitsui & Co. with 11 million barrels of condensate per year for 10 years starting in April, Qatar's state-owned energy company said on Sunday.

Poland's Gaz-System Chooses Mitsui O.S.K. Lines for LNG Regasification Unit

Polish pipeline operator Gaz-System has chosen Japan's Mitsui O.S.K. Lines to supply a floating storage and regasification unit (FSRU), it said on Thursday.

Santos Amends PNG Stake Sale Terms with Papua New Guinea's Kumul Petroleum

Oil and gas giant Santos said on Thursday it had amended the terms of sale of its 2.6% stake in PNG LNG project to Kumul Petroleum, allowing the Papua New Guinea state-owned firm additional time to pay the purchase price.

India Offers LNG Supply to Sri Lanka for Power Plants

India has proposed to supply LNG to Sri Lanka to help the island nation produce power from its Yughadhanavi and Sobhadabavi power plants, Sri Lanka's Energy Minister said on Thursday.

U.S. Official to Testify on Biden's LNG Export Pause at Senate Hearing

A top U.S. Energy Department official will testify at Feb. 8 Senate Energy Committee hearing looking into President Joe Biden's pause on new approvals for LNG exports, the Energy Department said on Thursday.

U.S. LNG Exports Decline in January Due to Arctic Freeze, Plant Outages; Europe Dominates Despite Challenges

Cold weather and outages at second-largest exporter Freeport LNG cut U.S. LNG exports last month below the December record, LSEG ship tracking data showed.

Algeria's Sonatrach, Britain's Grain LNG Sign 10-Year LNG Deal

Grain LNG said on Wednesday it had signed a 10-year deal with Sonatrach to extend the Algerian company's long-term storage and redelivery capacity at Europe's largest LNG import terminal beyond January 2029.