LNG
Suspended by force majeure since the spring of 2021, work on the Mozambique LNG project has restarted with over 4,000 workers now engaged onshore and offshore to meet a 2029 deadline for first LNG.
Despite a 2.8% drop in liquefied natural gas exports in 2025 because of lost market share in China, Australia anticipates a 2026 rebound as new North West Shelf capacity comes online. Meanwhile, East Coast operators brace for a tsunami of wells entering the decommissioning pipeline and potential energy shortfalls necessitating LNG imports.
A series of major advances will move Phase One of the Alaska LNG Project from the development phase into execution.
-
Novatek is reporting a 6.3% jump in 2022 LNG exports, driven by Europe which has shunned Russian pipeline gas while increasing its purchases of Russian LNG. -
Energy security in Europe—and globally—now rests on US natural gas exports. Europe’s shift from Russian gas to other supplies has dramatically and permanently changed global gas trade and energy markets.
-
With growing trade of liquefied natural gas (LNG), an increased diversification of LNG supply sources may occur in the LNG tanks as different compositions of LNG are stored in the tanks. It is the primary concern in terms of assuring stability and safety in LNG storage.
-
FSRU Exemplar will deliver natural gas to Finnish and Baltic markets via a decade-long contract with local transmission company.
-
The Marine XII area development could see 3 mtpa of LNG production by 2025.
-
Equinor has submitted a plan for development and operations with Norwegian authorities that would add gas compression and electrification to the Hammerfest LNG plant.
-
The company also recently secured a long-term deal with ConocoPhillips for 5 mtpa of LNG.
-
Pemex and New Fortress Energy partner up to develop the Lakach gas field.
-
Louisiana-based Commonwealth LNG gets the green light, while Delfin LNG gets more time on the development clock.
-
The collaboration seeks to jointly develop onshore LNG modules with capacities between 1 and 2 mtpa.
