LNG
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Port Arthur LNG is expected to handle 13 mtpa of liquefied natural gas, with first LNG cargoes expected in 2027. -
Record prices and the need for energy security are driving US LNG market momentum.
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The company has tapped Bechtel to complete the front-end engineering and design study of the expansion, which would add 20 mtpa of LNG production capacity.
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A minority stake of the new company to go public later this year.
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After Russia started a war in Ukraine, oil prices increased and brought in higher oil export revenues in the short run. Longer term, things are looking rougher.
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The deal awards the first concession in the Middle East for unconventional oil resources.
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Pemex and New Fortress Energy partner up to develop the Lakach gas field.
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Louisiana-based Commonwealth LNG gets the green light, while Delfin LNG gets more time on the development clock.
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Initial facilities along the Sabine River in Texas will be capable of producing up to 13.5 mtpa of LNG.
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Finland’s first LNG import terminal is just one of the solutions being worked to add natural gas supplies to the region.
