Processing/LNG
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.
Former Sempra Energy Chief Behind Efforts to Salvage Driftwood LNG Project
U.S. LNG developer Tellurian chose a Lazard Inc. investment banker to right its struggling Driftwood LNG export project, the company's chairman told investors this week.
AG&P LNG Plans 6 South and Southeast Asian Terminals in Next 2 Years
Atlantic Gulf & Pacific Company (AG&P) LNG aims to make a final investment decision (FID) and start developing six liquefied natural gas terminals in South and Southeast Asia within the next one-to-two years, the company's chief executive said.
MPLX Exceeds Q4 2023 Expectations with Surge in Pipeline Volumes
Midstream energy company MPLX on Tuesday reported higher fourth-quarter earnings, beating expectations, as its pipelines transported an increased volume of energy products.
ADNOC Gas Inks 10-Year LNG Supply Deal with India's GAIL
ADNOC Gas on Tuesday signed a 10-year agreement to supply 0.5 million metric tons per year of LNG to India's largest natural gas company GAIL.
QatarEnergy, Excelerate Energy Sign 15-Year LNG Supply Deal
QatarEnergy and U.S.-based Excelerate Energy signed on Monday a 15-year agreement to supply 1 million metric tons per year of LNG to be delivered to Bangladesh for 15 years from January 2026.
INGAA Warns of 'Devastating Ripple Effects' Amid Biden’s Halting of LNG Export Terminal Approvals
In response to the decision, Amy Andryszak, president and CEO of INGAA, emphasized the potential consequences, stating, “The administration needs to appreciate that even a ‘pause’ on approvals can potentially cause devastating ripple effects on national security, energy investments, the supply chain, and American workers and consumers."
Biden Halts LNG Export Approvals Amid Climate Pressure, Imperils Projects
President Joe Biden has paused approvals for pending and future applications to export LNG from new projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election.
Freeport LNG Faces Month-Long Unit Outage Due to Winter Storm
Freeport LNG expects one of the three gas liquefaction units at its Texas plant to be out of service for a month after it faced a technical issue during Winter Storm Heather, the company said on Friday.
Sources: Biden to Announce Delay on New LNG Export Terminal Approvals
The Biden administration is expected to announce on Friday that it will begin considering climate impacts in its approvals of new LNG exports, a process that will likely delay decisions on new terminals until after the Nov. 5 presidential election, two sources familiar with the matter said.
Seaside LNG Achieves First In-Port Ship-to-Ship LNG Bunkering Delivery in Galveston
This operation marked the first in port ship-to-ship LNG bunkering delivery not only in Galveston but also along the entire U.S. Gulf Coast.
Texas LNG Receives Regulatory Approval for Final Investment Decision
Texas LNG, a subsidiary of Glenfarne Energy, obtains permits for its 4 MMtpa LNG export terminal in the Port of Brownsville, Texas, marking a crucial step towards a final investment decision.
White House Pauses Decision on Louisiana LNG Export Terminal
The Biden administration is delaying a decision on a Louisiana LNG export project that would be the United States' largest, but which has raised the ire of environmentalists, the New York Times reported on Wednesday.
Germany's SEFE Eyes Global LNG Expansion After Securing $55 Billion Gas Deal in Norway
Fresh from clinching a $55 billion pipeline gas deal in Norway last month, Germany's SEFE is looking for more suppliers to offer liquefied natural gas (LNG) for its customers, its CEO told Reuters on Thursday.
Kinder Morgan Remains Bullish on Natural Gas Demand Growth
Kinder Morgan said on Wednesday it continues to have a bullish outlook for natural gas demand banking on higher demand from LNG export facilities and increased exports to Mexico.
India Approves $1.02 Billion in Incentives for Coal Gasification
India's cabinet on Wednesday approved plans to provide incentives worth $1.02 billion for projects to convert coal into gas, the coal and mines minister said, as it seeks to reduce its reliance on imported fuel.
Oilfield Firm Baker Hughes Beats Profit Estimates on International Demand, LNG Bets
U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.
Japan's 2023 Preliminary LNG Imports Down 8% to Lowest in 14 Years
Japan's LNG imports fell by 8% to 66.2 million metric tons last year to the lowest since 2009, preliminary data from the Ministry of Finance showed, following nuclear power restarts and increased use of renewable energy.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
