LNG

Although these look like ordinary tankers, they are unique and run on LNG and recovered oil vapors.

Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months.

The race is on to fill NWS gas export plant.

Train 7 is scheduled for commissioning by 2024 and would bring total capacity of Nigeria LNG’s complex to 30 mtpa.

New LNG capacity in 2019 kept pace with higher trading volumes and supply/demand growth. Key questions and barriers still remain for the future of the LNG industry in 2020.

The W-Industries contract comes 2 months after Worley was awarded a master service agreement for services on the Mozambique LNG project.

The proposed Russian LNG project would sell LNG to Asia by 2025. It is the latest in a handful of LNG projects slated for Russia.

The LNG market remains a mixed bag heading into Q2. Port Arthur LNG is just the latest to see a delayed FID, while other LNG projects are still moving ahead.

The planned JV is for one of three LNG terminals GCL is planning to build in China.

The VLCCs will be delivered in 2022, with LNG supply provided by Total Marine Fuels Global Solutions.