Processing/LNG

NFE, Pemex Partner to Develop Mexico’s Lakach Gas Field

New Fortress Energy Inc. has signed an agreement with Pemex to jointly develop the Lakach deepwater natural gas field to supply natural gas to Mexico’s onshore domestic market.

NextDecade Inks 20-Year LNG Supply Deal with Guangdong Energy Group

NextDecade Corp. has entered a 20-year sale and purchase agreement with Guangdong Energy Group for the supply of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

Italy’s Snam Buys Floating Regasification Unit for $400 Million

Italy's Snam has signed a $400-million deal with BW LNG to buy a floating storage and regasification unit (FSRU), the gas grid operator said on Wednesday, as Rome rushes to find alternative supplies to Russian gas.

New Fortress Agrees to Expand Supply of Natural Gas to Baja, Build LNG Hub Offshore GOM

New Fortress Energy Inc. has entered into an agreement with Comisión Federal de Electricidad to expand the supply of natural gas to Baja California Sur and build a new LNG hub in the Gulf of Mexico (GOM).

Shell Joins Qatar's LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest LNG project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni.

New Fortress Energy to Sell LNG Maritime Infrastructure for $2 Billion to JV

New Fortress Energy Inc. has formed a new LNG joint venture on Tuesday with buyout firm Apollo Global Management Inc. and sold 11 vessels and storage units to the JV for $2 billion.

NextDecade Secures Third 20-Year LNG Supply Deal This Year with China Gas

NextDecade Corp. has executed a 20-year sale and purchase agreement with China Gas Holdings Ltd. for its Rio Grande LNG, marking the company's third 20-year deal this year.

Minister: Greece Can Cope with Possible Russian Gas Disruptions Thanks to LNG

Greece can cope well with potential cuts in Russian gas supply due to the availability of LNG as an alternative, its energy minister said on Monday after a meeting with energy suppliers and grid operators on energy security.

Russia’s Gazprom to Require Rubles for LNG – Interfax

Russian gas producer Gazprom has proposed expanding its ruble-for-gas scheme for pipeline gas to include LNG, the Interfax news agency quoted a senior manager as saying on Monday.

Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Russia announced on Friday a decree that seizes full control of the Sakhalin-2 gas and oil project in the country's far east, a move that could force out Shell and Japanese investors and adds another bullish factor to prices in a tight global LNG market.

PHMSA Blocks Restart of Freeport LNG Plant Citing Unsafe Conditions

U.S. pipeline safety regulator PHMSA on Thursday said it found unsafe conditions at a Texas liquefied natural gas export facility and will not allow owner Freeport LNG to restart the plant until an outside analysis is complete.

Shell Prelude LNG Loading Disrupted Until At Least Mid-July, Worsening Global Supply

Shell Plc said LNG shipments from its Prelude floating facility off northwest Australia would be disrupted for at least two weeks due to work bans by unions fighting for better pay.

US Natural Gas Futures Hold Near 11-Week Low as LNG Exports Decline

U.S. natural gas futures held near an 11-week low on Friday as forecasts for hotter weather, higher demand and less output than last month offset a drop in LNG exports due to the extended shutdown of the Freeport LNG export plant in Texas.

Germany Considers Converting Nord Stream 2 Into LNG Connection

The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast.

Pakistan Gets Highest-Ever Bid on LNG Cargo from QatarEnergy

Pakistan LNG Ltd. received a single bid from Qatar Energy at $39.80/MMbtu for an LNG import tender seeking a cargo in the July 30-31 window, an Reuters reported on Thursday.

Ineos Signs 20-Year LNG Deal with Sempra Infrastructure

Sempra Infrastructure and INEOS Energy Trading Ltd. have entered into a definitive 20-year LNG sale and purchase agreement for approximately 1.4 million tonnes per annum of LNG delivered free-on-board from the proposed Port Arthur LNG project or Cameron LNG Phase 2 project.

Venture Global Inks 20-Year LNG Deal with Chevron

Venture Global has executed two long-term sales and purchase agreements with Chevron for the purchase of two million tonnes per annum of LNG for 20 years.

Cheniere Strikes Long-Term LNG Supply Deal with Chevron

Cheniere Energy Inc. said on Wednesday two of its units would sell 2 million tonnes per annum of LNG to oil major Chevron Corp. until 2042, with the SPL deliveries set to begin in 2026 and reach the full capacity in 2027.

Cheniere to Move Forward with Texas Corpus Stage 3 LNG Plant Expansion

Cheniere Energy Inc. on Wednesday said its Board of Directors had decided to go forward with the expansion of the Corpus Christi export plant in Texas and told Bechtel Energy to continue with its construction.

US Exported Record Amounts of LNG in 2021

U.S. exports of LNG set a record high in 2021, averaging 9.7 Bcf/d (275 MMcm/d) according to our most recent Natural Gas Monthly. U.S. LNG exports increased by 50% from 2020.

Exxon Joins Oil Majors Eni, Conoco in Qatar's Mega-LNG Expansion Project

QatarEnergy on Tuesday signed a deal with Exxon Mobil Corp. for the Gulf state's North Field East expansion, the world's largest LNG project, following agreements with TotalEnergies, Eni and ConocoPhillips.

ConocoPhillips Earns Stake in Qatar’s $30 Billion LNG Expansion Project

ConocoPhillips has signed a deal with QatarEnergy on Monday for a 3.12% stake in the North Field East expansion project, the world's largest LNG project, following agreements with TotalEnergies and Eni.

Russia's Novatek to Launch Construction on Arctic LNG 2 Project in 2023

Leonid Mikhelson, the chief executive of Russian gas producer Novatek, said on Friday that the company aimed to start the first line of its Arctic LNG 2 project in 2023.

Argentina Contracts Tenaris for 350-Mile Pipeline Project to Move Gas from Vaca Muerta

Energia Argentina has signed a contract with Tenaris to complete the 563-km (350-mile) Presidente Nestor Kirchner Gas Pipeline, which will transfer natural gas from the Vaca Muerta shale formation and allow Argentina to forgo costly LNG imports.

Qatar Advances Talks with China Over Investment in Gas Field Expansion Project

China's national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the world's largest LNG project and buy the fuel under long-term contracts, Reuters reported on Friday.

Targa Resources to Acquire Permian Gas Gathering, Processing Assets in $3.55 Billion Deal

Targa Resources has agreed to buy natural gas processor Lucid Energy Group for $3.55 billion in cash, a deal that includes a portfolio of about 1,050 miles of natural gas pipelines in the Delaware Basin.

Philippines' First Gen Asks DOE for Extension on LNG Terminal Project

Philippine power producer First Gen Corp. has asked the Department of Energy to extend its permit to construct an offshore LNG terminal in the country by six months due to circumstances delaying the project.

EU, Israel and Egypt Ink Framework Deal to Boost East Med Gas Exports to Europe

Israel and Egypt will aim to boost natural gas exports to Europe under a memorandum of understanding (MoU) signed on Wednesday as the continent looks to replace Russian energy imports.

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.