Processing/LNG
LNG Tanker Charter Rates Hit Record Highs as Demand Soars
Spot-market rates for LNG tankers this week set annual records as traders bid up available vessels to meet rising global demand for the chilled gas, according to brokers.
Tanzania Signs Gas Project Deal with Equinor, Shell
Tanzania has signed a framework agreement with Norway's Equinor and Britain's Shell that will bring closer the start of construction of a $30 billion LNG export terminal.
TotalEnergies Wins Stake in Qatar's LNG Expansion Project
TotalEnergies has signed a partnership deal with QatarEnergy for the North Field East LNG expansion project, which will include six LNG trains that will ramp up Qatar’s liquefaction capacity from 77 MTPA to 126 MTPA by 2027.
Mexico’s President Pledges New Gas Pipeline, Liquefaction Plant in Oaxaca
Mexican President Andres Manuel Lopez Obrador has pledged to see through the completion of a gas liquefaction facility in Oaxaca as well as a new pipeline to serve the facility, committing an investment of $6 billion.
Cheniere Gets OK to Place Sabine LNG Tank Back in Service
U.S. LNG company Cheniere Energy Inc. received permission from federal regulators on Wednesday to return one of two shut storage tanks to service at its Sabine Pass LNG export plant in Louisiana following a leak in 2018.
Dutch Government Reluctant to Boost Production from Groningen Gas Field
Tapping the Groningen gas field, which is being wound down due to a series of earthquakes, should be a "last resort", a Dutch minister said on Tuesday, after a government advisory body suggested using the field to help fill gas stores.
Cheniere Inks 15-Year LNG Supply Deal with Equinor
Cheniere Energy Inc. has agreed to sell liquefied natural gas to Equinor as the Norwegian energy company plans to boost its LNG volumes for Europe amid a tight commodity market and surging demand for the super-cooled fuel.
Freeport LNG Plant Suffers Explosion, Nearby Residents Evacuated, Police Say
A explosion and fire on Wednesday hit the massive Freeport LNG liquefied natural gas plant on the Texas Gulf Coast, prompting an evacuation of nearby residents in Quintana, Texas.
US Envoy Expected to Visit Beirut Next Week Over Israel Gas Dispute
A U.S. mediator will visit Beirut next week to discuss a dispute over a maritime border with Israel, Lebanese Parliament Speaker Nabih Berri said on Tuesday, according to a parliament source and local media.
Qatar to Select Exxon, Total for Mega-LNG Expansion Project
Exxon Mobil Corp. and TotalEnergies are expected to be awarded with a piece of the $30 billion-dollar LNG expansion project in Qatar, which will strengthen the country's position as the world's top exporter of the super-chilled fuel.
Shale Gas Producer Chesapeake Energy Aims to Expand Push into LNG
Shale gas producer Chesapeake Energy plans to hire a liquefied natural gas adviser, according to a job listing, as it seeks to expand into the fast-growing export market.
Energy Transfer Signs 25-Year Deal to Supply LNG to China Gas
Energy Transfer LNG, a unit of Energy Transfer LP, entered into a deal to supply 0.7 million tonnes of liquefied natural gas a year to China Gas Holdings on a free-on-board basis for 25 years.
Data Shows May US LNG Exports Reach 2nd Highest as Latin America Shipments Gain
The United States exported 7.29 million tonnes of LNG last month, second highest on record, as sales to Europe and South America expanded, according to Refinitiv Eikon data.
Commissioner: EU Countries Can Tap Recovery Fund to Boost LNG Capacity
European Union countries will be allowed to use money coming from the EU recovery fund, created to support post-pandemic economic growth, to boost their LNG capacity, EU Commissioner Paolo Gentiloni said on Saturday.
New Fortress Eyes $3 Billion Investments in Mexico
U.S. firm New Fortress Energy is considering various investments in Mexico's energy sector that could be worth $3 billion, according to President Lopez Obrador who said the potential projects could include a LNG facility.
Norway LNG Plant Resumes Output, Boosting Gas Exports
Norway's Hammerfest liquefied natural gas plant has restarted production following a fire almost two years ago, boosting the country's gas exports, operator Equinor said on Thursday.
Poland Could Build Second Unit to Receive LNG amid Czech, Slovak Interest
Poland could build a second floating storage and regasification unit next to an already planned installation because the Czech Republic and Slovakia are interested in buying more LNG, the Polish climate minister said.
Shell Greenlights $2.5 Billion Crux Gas Project Off Australia
Construction is expected to start in 2023 with first gas expected in 2027, which will feed the 3.6 million tonne a year Prelude floating liquefied natural gas facility, the oil and gas major said in a statement.
Snam Buys Regasification Vessel as Italy Diversifies Energy Supplies
Italy's state-controlled Snam has agreed to buy a floating regasification terminal with capacity of 5 billion cubic meters a year from Golar LNG, as Rome works to cut its reliance on Russian gas.
In Latin America, Peru Streaks Ahead in LNG Race to Europe as Trinidad Stumbles
As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe's move to become independent from Russian gas, Latin America's only two LNG exporters are moving in opposite directions.
Slovakia Strikes Supply Deals for LNG, Piped Norwegian Gas
Slovakia's state gas firm SPP has struck deals to buy enough piped Norwegian gas and other shipments of LNG to cover around 65% of the country's demand until the end of next year, Economy Minister Richard Sulik said.
PIT and CNX Resources Partner on Emission Reduction Measures
Natural gas will be used at the airport and transformed into alternative fuel through CNX technology.
Santos CEO: South Korea Needs Australian LNG with Carbon Capture
Santos CEO Kevin Gallagher urged South Korea on Thursday to invest in Australian gas combined with carbon capture and storage to help meet South Korea's needs until 2050.
Sources: Shell in Talks with Indian Consortium to Sell Russian LNG Plant Stake
Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia, three sources told Reuters, highlighting India's willingness to step into the space left by Western companies following Moscow's invasion of Ukraine.
Venture Global Decides to Build Louisiana Plaquemines LNG Export Plant
Venture Global has closed on the $13.2 billion project financing for the initial 13.33 million tonnes per annum phase of the project and associated Gator Express pipeline.
Technip, Samsung Engineering JV Bags Texas LNG Work
Texas LNG Brownsville, a four million tons per annum LNG export terminal to be constructed in the Port of Brownsville, Texas, has executed an agreement with Technip Energies USA and Samsung Engineering Co. to lead the delivery of the facility via a joint venture.
Cheniere Inks 20-Year LNG Supply Deal with South Korea's Posco
POSCO International has agreed to purchase roughly 0.4 million tonnes per annum of LNG from Cheniere on a free-on-board basis for a term of 20 years beginning in late 2026.
Sempra Strikes LNG Supply Deal with Germany's Largest Power Producer
Sempra Energy has agreed to sell about 2.25 million tonnes per annum of LNG to Germany's largest power producer, RWE AG, which is trying to wean itself off Russian gas.
German Chancellor: Germany is Keen to Pursue Gas Projects with Senegal
Germany wants to intensively pursue gas and renewable energy projects with Senegal, against the backdrop of the war in Ukraine and its impact on energy and food prices, Chancellor Olaf Scholz said.
Argentina Easing Energy Firms' FX Access to Spur Vaca Muerta Development
Argentina is easing access to foreign currency for oil and gas companies that increase production in the South American country, part of a bid to accelerate the development of the huge Vaca Muerta shale formation and trim reliance on costly imports.
- 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
