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.
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The offshore plant is expected to produce up to 2.8 mtpa in early 2023. -
Anticipating making a final investment decision later this year, NextDecade made a 20-year deal with Guangdong Energy Group Natural Gas Co. to be supplied from its Rio Grande LNG export project.
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A transatlantic task force will be formed to oversee the EU’s goal of reducing Europe’s dependence on Russian fossil fuels and strengthen European energy security.
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Discussions on long-term LNG supplies from Qatar to Germany to re-engage after years of uncertainty held up potential deals.
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Venture Global is closing in on FID for Plaquemines LNG terminal in Louisiana and has already sold 70% of its planned nameplate capacity.
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The plants are expected to be put into operation no later than 2024.
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Bechtel gets the go-ahead to begin early engineering and procurement work under a limited notice to proceed.
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Baker Hughes will supply a plug-and play modularized liquefaction train system for the Plaquemines LNG project.
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The proposed LNG terminal will expand Germany's alternatives for gas supply and reduce its dependence on Russian imports.
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Deal between P’nyang partners and independent state a step forward for the proposed development of the P’nyang LNG project.
