Global Gas Prices Expected To Drop Further Than Expected in 2020
The drop in gas prices, although greater than forecast, will not be to the same extent as oil prices.
Status Updates of North American LNG Projects Offer a Mixed Bag
Several companies have provided updates on their North American LNG projects, including Pembina, LNG Canada, and Sempra. The outlooks vary from plans to move ahead to others seeking money to stay afloat.
Mexico LNG Project Awards Technip USA a FEED Contract Award
LNG project in Mexico moves closer to FID in 2021.
Alaska LNG Project Receives Environmental Impact Statement
The Alaska LNG project moves another step closer to a final order, expected in June.
Cameron LNG Train 2 Starts Commercial Operations 7 Months After Train 1
Train 2 has a projected export capacity of 4 mtpa. Train 3 is expected to reach production in Q2 2020.
Eni Resolves Dispute With Partners To Restart Damietta LNG Plant in Egypt
The Damietta LNG plant is expected online by June 2020. The plant will be owned by ENI, EGAS and EGPC.
Sumitomo Heavy Industries and Highview Power Partner for Global Cryogenic Energy Storage
Sumitomo Heavy Industries invested $46 million in Highview Power. SHI's subsidiary will also become the technology center and hub for Highview Power's CRYObattery business.
AG&P Breaks Ground on Karaikal Port LNG Facility in South India
AG&P breaks ground on Karaikal LNG.
Qatar Delays Western Partnerships for LNG Expansion Project
Qatar has reportedly delayed the selection of Western partners for its massive North Field LNG project.
Qatargas, Shell Sign LNG Delivery Agreement to Kuwait
The LNG will come from the offshore Qatargas 4 project in the North Field, a joint venture between Qatar Petroleum and Shell.
US Issues Four LNG Export Approvals
Texas facilities get green light to export LNG. US export capacity is expected to almost double over the next 5 years.
Coronavirus Set To Slash Chinese LNG Demand but US LNG Tariff Lift Could Save the Day
The unseasonably warm weather in the northern hemisphere and the rise of the global supply levels has resulted in record-low LNG prices. Adding to that, the coronavirus epidemic in China has reduced business and industrial activity, with January’s LNG imports dropping by about 10% year on year.
Edge LNG’s “Virtual Pipeline” Expands in Marcellus
A producer in the Marcellus Basin selected Edge Gathering Virtual Pipelines 2 to capture and liquefy gas from its stranded wells in Tioga County. Initial operation is underway and is set to be ongoing until at least 2022.
Asian Spot Prices for LNG Take a Dive
Asian spot prices for LNG took a dive to multiyear lows, feeling the pressure of the lack of demand. Holders of previously agreed upon long-term buyer contracts seek renegotiation.
Take 10: Oil & Gas, Energy, and Chemicals in 2020
What will 2020 look like for the oil and gas, energy, and petrochemical markets? Here are 10 observations from ADI Analytics that demonstrate just how global and complex the energy mix has become.
Natural Gas Prices Raise Questions About the Future Energy Mix
Natural gas has emerged as a potentially major player in the energy mix, but what role will price pressures play in sanctioning gas supply projects and in LNG markets?
Venture Global Delays FERC Application Filing Date for Delta LNG
The move allows Venture Global further evaluate pipeline route alternatives that could reduce impacts in tidal marsh environments along the Mississippi River.
Saudi Aramco, Sempra Sign IPPA for Port Arthur LNG
The agreement comes 8 months after Saudi Aramco agreed to take a 25% ownership interest in the southeast Texas project. Phase 1 of the project is expected to produce 11 mtpa of LNG.
First Cargo Shipped From Freeport LNG Train 2
McDermott said the first cargo was a precursor to substantial completion of Train 2. The liquefaction unit began production on 6 December.
US LNG Exports Reach Record Levels in Consecutive Months
Citing shipping data from Bloomberg Finance, the US EIA estimates that LNG exports set consecutive records in October and November 2019. Through the first 11 months of the year, US LNG exports have gone up 61% from their 2018 annual average.
Saudi Aramco Shipping Unit Expresses Interest in LNG Tankers
Bahri, Saudi Arabia's national shipping carrier, is looking into chartering as many as 12 LNG tankers starting in 2025, according to a new Reuters report. The EOI may be part of Saudi Aramco's expansion into LNG trading.
First Deck Stacking Operation Completed for Coral FLNG Topsides Modules
The Eni-operated project will be the first FLNG vessel deployed in a deepwater field offshore the African continent upon its projected 2022 startup. Samsung Heavy Industries completed the operation at its shipyard in Geoje, South Korea.
Shell, Energy Transfer Issue Tender Package for Lake Charles Project
The tender invites EPC contractors to develop a commercial bid for the lump-sum turnkey contract based on a fully developed scope related to design, engineering, technical, and safety specifications for the project. Commerical bids are expected next year.
BP, Total Sign Supply Deals With ADNOC LNG
ADNOC said the agreements will maximize its access to new markets, effectively booking out the majority of its LNG production through the start of 2022.
Woodside Reaches FID on Pluto-NWS Interconnector Pipeline
The pipeline is the first step in developing the infrastructure needed to transport gas between Pluto LNG and the Karratha Gas Plant in Western Australia. Woodside is targeting 2022 startup.
Partners Advance Newbuild FLNG Vessel Development for Gulf of Mexico Project
Delfin Midstream announced advancements in partnership with Samsung Heavy Industries and Black & Veatch. By re-purposing existing offshore pipelines and building the FLNG vessels at Asian shipyards, the total capital costs are projected to be around $500–550/tpa.
TechnipFMC’s Newly Named E&C Player To Focus on LNG
Technip Energies will work on a backlog comprising more than 50% in LNG-related business. Retaining the TechnipFMC name, RemainCo will generate nearly 90% of its revenue outside the US and Canada.
Abu Dhabi Investor Commits $50 Million to NextDecade
NextDecade and Mubadala Investment Co. have reached agreement for Mubadala to purchase $50 million of NextDecade’s common stock in a private placement. The capital buoys the development of the Rio Grande LNG export solution linking Permian Basin associated gas to the global LNG market.
ExxonMobil Agrees To Supply Gas for Alaskan LNG Export Project
The deal sees ExxonMobil provide feed gas from its Point Thomson field to Qilak LNG’s proposed export project, which would use icebreaking carriers to export 4 mtpa of LNG to Asia directly from Alaska’s North Slope.
Elba Island LNG To Be Fully Operational By Mid-2020
Kinder Morgan, the majority owner and operator of the Georgia export terminal, said the oft-delayed project should have all 10 trains running by the first half of next year.
Santos Acquires ConocoPhillips's Australian Assets for $1.39 Billion
The deal for ConocoPhillips’s northern Australian portfolio will help the Australian company boost its position in the country’s gas market, as it gains majority ownership in a set of key assets including Darwin LNG and the Barossa project.
Total Expands Partnership With Adani on India’s Gas Market
The agreement—in which Total will reportedly pay $600 million for a 37.4% stake in the Indian gas conglomerate—boosts the supermajor’s LNG market access in India and neighboring countries. It is the latest move in Total’s aggressive expansion of its LNG portfolio.
FERC Delays Jordan Cove Environmental Review
The US Forest Service, which is working with FERC to prepare the review of the export terminal off the Oregon coast, said it only recently received critical information needed to complete amendments to its land and resource management plans. First gas is scheduled for 2025.
German LNG Terminal Narrows List of Potential EPC Contractors
Four companies are now under consideration for the EPC deal, which will include the building of a jetty with two berths for LNG carriers. Located near the Port of Hamburg, Germany's first LNG terminal is scheduled to start up by the end of 2022.
Japan Pledges $10 Billion in LNG Infrastructure
The decision follows a previous $10-billion investment in LNG the country made in 2017. While that investment focused on outside energy supply sources, this one will be used to develop infrastructure in Southeast Asia and the Indian subcontinent.
Excelerate Energy Approved for Philippines Project
Located offshore the city of Batangas, approximately 2 hours south of Manila, the Luzon LNG project will include a fully integrated turnkey FLNG terminal, arranging the necessary supply of LNG and distribution of natural gas across the island of Luzon.
Tellurian Signs $7.5-Billion Deal With India’s Petronet LNG
India’s Petronet LNG Ltd. signed a $7.5-billion agreement to buy into Tellurian Inc.’s proposed LNG terminal in Louisiana in what is described as potentially one of the largest foreign investments in the US to ship shale gas abroad.
Eagle LNG Receives FERC Approval for Jacksonville Facility
The small-scale facility in northern Florida will support the export of LNG to markets that cannot be served by large LNG carriers, including a number of ports in Caribbean nations. Up to 100 LNG carriers are expected to run through the Jacksonville LNG export terminal each year.
Freeport LNG Launches Private Cargo Trading Storefront
The virtual storefront will allow Freeport LNG to match physical, bilateral transactions with potential offtakers in a variety of trading formats. It is expected to launch this November.
Nigeria LNG Nears FID on Train 7 Project
After failing to meet a previous 2018 deadline, the owners of the Bonny Island plant say they are close to sanctioning the expansion project following the signing of a letter of intent to a consortium of Saipem Chiyoda and Daewoo for EPC services. Train 7 will add 8 mtpa to Bonny Island’s production
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01 April 2020
24 March 2020