LNG
News
January 22, 2021
“By 2030, we still need to have capacity of approximately 650 to 700 million tons of LNG in place,” Chief Executive Officer Lorenzo Simonelli told analysts and investors Thursday on a conference call. “You’re looking at 50 to 100 million tons FIDing over the course of the next three to four years.”
News
January 18, 2021
Mozambique has struggled to contain an insurgency that has left more than 2,500 people dead and caused 570,000 to flee. The violence this year prompted Total SE to evacuate workers from its $20 billion liquefied natural gas project as attacks encroached on what is Africa’s biggest private investment.
News
January 15, 2021
The latest setback for exporters is the expiry of a 2017 accord between U.S. LNG developer NextDecade Corp. and the Port of Cork to build an import terminal in Ireland.
News
January 12, 2021
Insurgents who’ve aligned with Islamic State have since 2017 staged increasingly bold attacks in Mozambique’s Cabo Delgado province that borders southern Tanzania, threatening nearly $60 billion in LNG projects.
News
January 11, 2021
Bullish factors have struck the LNG shipping market: robust Asian spot gas demand in a cold winter, record-high exports from U.S. projects and -- perhaps most importantly -- delays to traverse the Panama Canal.
News
January 11, 2021
The publisher of Petroleum Economist, the leading global information service for the full hydrocarbon value chain, is bringing the same analytical depth and rigorous editorial standards to two rapidly-evolving sectors, the energy transition and the emerging hydrogen economy.
News
January 07, 2021
LNG-to-power projects have been booming from Asia to Latin America in recent years as they allow nations to switch from dirtier fossil fuels to keep the lights on. And for sellers, integrated LNG-to-power provides a guaranteed outlet for the fuel.
News
January 06, 2021
Temperatures across much of Europe and Asia are well below normal and forecasters expect them to stay there for most of January. The chill is supporting oil prices, which are holding above $50 a barrel, while the profit from turning crude into diesel climbed in Europe to the most since August in recent weeks as consumers -- many stuck working from home because of a resurgent virus -- burn more heating fuel.
News
January 04, 2021
Pakistan has become one of the top emerging markets for the super-chilled fuel in recent years as domestic gas production has plateaued, forcing the nation to import cargoes.
News
January 01, 2021
Fighters linked to Islamic State raided a town less than 5 kilometers (3 miles) from the construction camp this week of what is Africa’s largest private investment, ratcheting up risks for the planned LNG export terminal on Mozambique’s northern coastline. While the heavily guarded site hasn’t been attacked yet, militants have made threats that they may do so.
News
December 31, 2019
The first phase of development consists of four production wells producing through two 18-inch, 73-mile subsea tiebacks to a processing platform offshore northern Israel.
News
December 31, 2019
A decade after its discovery was lauded as a guarantor of Israel’s energy security, the giant Leviathan natural-gas field started production Tuesday. But instead of anticipating a coal-free future, residents living near the gas platform have abandoned their homes for a day.
News
December 19, 2019
One of China’s top liquefied natural gas buyers offered to sell a cargo on the cheap – and in the throes of winter – a fresh sign of the massive oversupply that has weighed on the market.
News
December 12, 2019
The U.S. oil giant called time on its Kitimat LNG plant on Wednesday, saying it plans to sell its 50% stake and that the project “will not be funded by Chevron and may be of higher value to another company.”
News
December 05, 2019
The demand slowdown has pushed LNG prices in Asia lower by almost 40% this year, a slump also aided by China’s rising domestic output of the fuel.
News
November 27, 2019
Total SA’s giant Mozambique gas project will get a $400 million loan from the African Development Bank, adding to its list of backers as the East African nation works to establish a fuel-export industry.
News
November 25, 2019
Gunvor Group Ltd. agreed to double the maximum amount of liquefied natural gas it plans to buy from a $4 billion export project in Louisiana and said it will recruit additional customers for the terminal.
News
November 25, 2019
Qatar, the world’s biggest supplier of liquefied natural gas, plans to boost output capacity by almost two thirds after it adds production facilities to exploit recently discovered reserves.
News
November 22, 2019
Algeria’s natural gas pipeline exports to Europe are getting squeezed by cheaper Russian supplies and a global abundance of the liquefied form of the fuel.
News
November 21, 2019
The Port of Brownsville is one step closer to welcoming three new LNG projects with an investment totaling $38.75 billion after the Federal Energy Regulatory Commission (FERC) approved their proposals during its monthly commission meeting.
News
November 18, 2019
The contract will see Expro continue to supply a high rate 175 MMscf/day well testing package, which will include enhanced electronic emergency shut down (ESD) systems.
