LNG
Shell has reached FID on LNG Canada Phase 2, a major expansion that will double the Kitimat facility’s LNG export capacity to 28 mtpa and strengthen long-term supply to growing Asian markets.
Increased capacity from new terminals and expansions drove up exports of liquefied natural gas at the quickest rate since 2016.
While discussions on the commercial terms for gas sales continue, the release of the jackup rig intended to drill production wells calls into question Shell’s plans for first gas in 2027.
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Key drivers of the rapid growth projection include Asia’s economic outlook and the rise of artificial intelligence. -
Fresh permit will allow the project to move forward towards FID this fall, first production expected in early 2029.
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A Shell partnership with YPF marks a significant milestone for the Argentina LNG export facility, raising new questions about the nation’s potential to unlock the economic power of its vast shale reserves.
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By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.
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Ruwais is slated to be the first net-zero LNG facility in the Middle East and North Africa.
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The new wells at Zohr are key to a plan to return Egypt’s gas production back to “pre-crisis” levels by June 2025.
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As Southeast Asia’s third-largest gas producer, PTTEP is investing in its energy security by prioritizing gas production and building up a global LNG supply chain.
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After overcoming the challenges of a new offshore frontier, BP has begun first gas flow at its ultradeep project offshore Mauritania and Senegal.
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Train 1 of the Corpus Christi LNG Stage 3 project is expected to reach substantial completion during the first quarter of 2025.
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Australia’s Ichthys LNG facility will provide feedstock, along with production from legacy Japanese gas fields that will also serve as repositories for CO2 storage.
