LNG
The plan calls for developing a gas field, CCUS, and onshore compression, with first production expected in 2028.
Contract awards for EPC on shore-based liquification facilities and FEED for upstream offshore infrastructure in Mozambique’s ExxonMobil–Eni project bodes well for an East African LNG hub.
By adding this latest EPCI contract for pipelines and cables to earlier awards, McDermott is now responsible for all offshore infrastructure associated with Qatar's massive North Field Expansion.
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China is seen as leading the way for consumption growth in the coming decades. -
Disputes that closed the plant 8 years ago are now resolved, said Italy’s Eni.
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Driftwood gets the green light, as demand rebounds and the stars align at last.
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This year gas is expected to look only a bit better, but after 2019 that is a relief.
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The US Department of Energy has extended export terms for seven long-term LNG licenses until 2050. The extension affects projects currently under construction or pending the start of construction.
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China independent distributor Jiasheng Gas Co. is set to build a $380-million LNG storage and receiving facility in east China, as the country opens up to more private participation and investments surge in LNG import terminals.
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Shale-based associated gas production is behind the phenomenon. When oil prices do not support production, associated natural gas production also stops, with little to no consideration of natural gas prices.
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The agreement takes 80% of Santos’ share of expected gas from Barossa annually for 10 years.
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ECA LNG will connect natural gas supply from Texas and the western US to Mexico and other countries across the Pacific Basin. First production from the project is expected in late 2024.
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The agreements place most of the LNG volumes through Q1 2022 and continue ADNOC’s expansion into new LNG export markets.
