Processing/LNG

Venture Global LNG’s Louisiana Plant Runs $2.35 Billion Over Budget, Documents Disclose

Venture Global LNG's second liquefied natural gas export facility in Louisiana is $2.35 billion over budget, according to IPO documents. The company attributes the cost increase to inflation and construction challenges but remains confident in covering future overages.

ADNOC Gas to Acquire $5 Billion Stake in Ruwais LNG, Doubling Capacity by 2028

ADNOC Gas will acquire a $5 billion, 60% stake in Ruwais LNG, doubling its processing capacity by 2028. The plant, powered by clean grid electricity, will be one of the world’s lowest-carbon intensity LNG facilities.

Venture Global LNG Reports $4.85 Billion in 2023 Profits Amid IPO Buzz

Venture Global LNG reported $4.85 billion in operating income for 2023, marking its second year of operations. As the company prepares for a stock market listing, financial documents reveal ambitious plans for expanding its LNG export facilities and significant revenue growth.

ADNOC Gas Inks 10-Year LNG Supply Deal with India’s GAIL

ADNOC Gas has secured a long-term agreement with GAIL India Limited to deliver up to 0.52 million metric tonnes per year of liquefied natural gas (LNG) beginning in 2026.

Germany Blocks Russian LNG Shipment to Brunsbuttel Terminal in Policy Stand, Sources Say

Germany has refused to allow a Russian liquefied natural gas shipment at the Brunsbuttel terminal in northern Germany in line with Berlin's policy not to import LNG from Russia, industry sources said on Thursday.

PNOC and Pertamina Partner on LNG, Energy Projects

State-owned firms Philippine National Oil Company (PNOC) and Indonesia's Pertamina have signed a preliminary agreement to develop the liquefied natural gas (LNG) and other energy sources.

Investment Firm Aethon Explores Options for $10 Billion U.S. Natural Gas Assets, Sources Say

U.S.-based investment firm Aethon Energy Management is considering options for its natural gas assets valued at around $10 billion, according to sources. Aethon’s portfolio, primarily focused on the Haynesville shale, positions the firm as one of the largest privately held gas producers in the U.S.

Crown LNG Races to Develop and Start Texas LNG Plant Before Trump's Term Ends in 2029

Crown LNG aims to complete a Texas-based LNG export plant before President Trump’s term concludes in 2029, with a focus on expediting offshore development to streamline regulatory approval.

Acciona, RCM to Construct $230 Million Breakwater for Italy’s Ravenna LNG Terminal

Acciona and RCM will construct a $230 million breakwater for Italy's Ravenna LNG terminal, enhancing protection for the offshore facility managed by Snam. Completion is expected in early 2025.

Cheniere Study Shows Lower GHG Emissions in Updated LNG Life Cycle Analysis

Cheniere Energy recently published an updated life cycle assessment of greenhouse gas emissions tied to its liquefied natural gas operations, incorporating new data from its supply chain.

Pipeline Explosion at PDVSA Facility in Venezuela’s Monagas Region Causes Injuries

A pipeline explosion at a natural gas complex in Venezuela’s eastern Monagas state has left several people injured, causing outages and halting operations. The blast, which resulted in a fire, damaged pipelines and equipment at the PDVSA-operated facility.

Trump Prepares to Withdraw from Paris Climate Agreement, NYT Reports

U.S. President-elect Donald Trump's transition team prepares executive orders to withdraw from the Paris climate agreement, end the LNG export pause, and revoke California's pollution waiver, according to the New York Times.

U.S. Natural Gas Prices Hit 25-Year Low at Henry Hub, Drop into Negative at Waha

U.S. natural gas prices plunged to a 25-year low at Henry Hub and into negative territory at Waha, driven by mild weather, low demand, and pipeline constraints.

Freeport LNG Sets New Gas-Processing Record After Plant Overhaul

Freeport LNG drew record natural gas volumes on several days this week, according to financial firm LSEG, following completion of an overhaul that increased processing capacity.

Angola LNG Weighs Adding Capacity as Gas Output Grows

Angola LNG is exploring expansion options, including a mini train addition, as new gas supplies from Chevron and the New Gas Consortium are expected to bring the plant to full capacity in the coming year.

NuVista Energy to Supply Trafigura with Natural Gas in 13-Year Deal

NuVista Energy has signed a 13-year natural gas offtake agreement with Trafigura, providing the Canadian producer exposure to international LNG market pricing through JKM indexing.

Trump Win Expected to Lift Barriers on U.S. LNG Export Projects, Say Developers

U.S. LNG developers anticipate accelerated project approvals following Donald Trump’s election, as his administration promises to streamline Department of Energy reviews. Companies like Energy Transfer and Commonwealth LNG expect this shift to fast-track multibillion-dollar export projects, while environmental groups vow continued opposition.

Exxon Targets First LNG from $30 Billion Mozambique Project by 2030

Exxon Mobil projects the first LNG output from its $30 billion Mozambique project by 2030, with early site work slated to begin next year. The final investment decision is expected in 2026.

ADNOC L&S Signs $4.4 Billion Deal for 23 LNG, Ethane, and Ammonia Supertankers

ADNOC Logistics & Services signed contracts worth $4.4 billion to build 23 supertankers, primarily focused on LNG, with additional vessels for ethane and ammonia. These contracts with Chinese and Korean shipyards bolster ADNOC’s low-carbon energy shipping capacity.

TC Energy's Profit Surpasses Estimates, Driven by U.S. Gas Pipeline Demand

TC Energy exceeded third-quarter profit forecasts, with significant growth from its U.S. natural gas pipeline segment amid rising North American energy demand. The company continues to benefit from high natural gas consumption and record U.S. imports of Canadian oil.

Williams Companies Exceeds Q3 Profit Estimates on Higher Revenue, Boost from Transco Pipeline

Williams Companies surpassed third-quarter profit forecasts with strong service revenue and increased natural gas flows, especially from its Transco pipeline. The company raised its annual profit outlook, citing demand from data center growth and industrial re-shoring projects.

EU Explores LNG Imports From U.S. to Counter Trump’s Tariff Threat, Boost Trade Balance

The European Union is considering increasing LNG imports from the U.S. to ease trade tensions with a potential second term for Donald Trump, as Brussels braces for new tariffs. This move is seen as a way to address the trade deficit while diversifying energy sources in the wake of geopolitical instability.

Sempra's Port Arthur LNG Phase 2 Progressing Faster Than Cameron LNG Expansion, CFO Says

The Texas-based Port Arthur project benefits from a continuous construction agreement with Bechtel and is on track to receive its non-FTA export permit early next year. Meanwhile, the timing for financial approval of the Cameron expansion remains uncertain.

Federal Regulators Approve Venture Global to Introduce Natural Gas at Louisiana LNG Plant

Federal regulators have granted Venture Global permission to introduce natural gas into its Plaquemines LNG plant in Louisiana, bringing the facility closer to producing liquefied natural gas (LNG) and strengthening U.S. LNG export capacity.

Sempra Misses Profit Estimates on LNG Expenses; Gasoducto Rosarito Pipeline Nears Commercial Launch

Sempra’s third-quarter profit fell short due to rising LNG-related costs and lower utility earnings. Despite this, the Gasoducto Rosarito Pipeline remains on track for commercial operation, supporting Sempra's LNG export ambitions.

New Fortress Energy Seeks Partners to Boost Liquidity, Financial Flexibility

New Fortress Energy is exploring partnerships for its core businesses to improve liquidity and financial flexibility as it targets growth in Latin American LNG demand.

Exxon Mobil to Sell Argentina's Vaca Muerta Assets to Pluspetrol

Exxon Mobil has agreed to sell its oil and gas assets in Argentina's Vaca Muerta shale formation to Pluspetrol, including five blocks in Neuquen province and its stake in pipeline operator Oldelval.

Snam CEO Praises EU Approval of Adriatic LNG Acquisition

Snam CEO Stefano Venier welcomed the European Commission's approval of the Adriatic LNG acquisition, a deal that will bolster Italy's energy security. Snam and VTTI now hold stakes in the terminal, crucial for Italy's LNG supply as the country shifts away from Russian gas.

Freeport LNG Reports Temporary Shutdown at Texas Facility Due to Power Fluctuation

Freeport LNG reported on Monday that three LNG processing trains at its Quintana, Texas, facility were back online after temporary outages that began on Friday because of a power feed interruption.

Glenfarne Chooses Kiewit for Texas LNG Export Terminal Construction

Glenfarne Group has selected Kiewit as the construction contractor for its Texas LNG export terminal in Brownsville. The facility aims to process 0.5 Bcf/d of natural gas, targeting commercial operations by 2028, with a possible extension to 2029.

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