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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The proposed Russian LNG project would sell LNG to Asia by 2025. It is the latest in a handful of LNG projects slated for Russia. -
The LNG market remains a mixed bag heading into Q2. Port Arthur LNG is just the latest to see a delayed FID, while other LNG projects are still moving ahead.
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Historically, natural gas contract prices were tied to the price of crude; now, volatility and growth in spot-market liquidity signal a shift from long-term linking toward a more integrated market.
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The final commissioning stage of Train 3 brings the Cameron LNG project closer to initial production expected in Q2.
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The planned JV is for one of three LNG terminals GCL is planning to build in China.
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Qatar Petroleum will delay its North Field LNG expansion in Qatar with startup in 2025. Its Golden Pass project in Texas remains on track.
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The VLCCs will be delivered in 2022, with LNG supply provided by Total Marine Fuels Global Solutions.
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The Rovuma LNG project in Mozambique was expected to reach FID later this year, with startup in 2025.
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The successful string test comes 7 months after the company's FID on the Calcasieu Pass LNG project.
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The drop in gas prices, although greater than forecast, will not be to the same extent as oil prices.
