LNG
Project financing raised by JP Morgan will enable YPF and its partners Eni and ADNOC’s XRG to launch Phase 2 of Argentina LNG, boosting production to 18 mtpa by 2030–2031.
The Gorgon Phase 3 project aims to counter declining reservoir pressure to sustain gas supplies to Western Australia’s domestic market and support LNG exports to Asia.
By resuming work on the Rovuma LNG project, ExxonMobil tees up a final investment decision expected in 2026 as East Africa’s LNG hub begins to take shape with three separate projects now in construction.
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The INPEX-lead Ichthys LNG megaproject won the 2021 International Petroleum Technology Conference Excellence in Project Integration award in a presentation that took place during the opening ceremonies of the annual conference. -
Petronas has become the first global energy company to own and operate two floating LNG production facilities. The PFLNG DUA loaded its first shipment on an LNG carrier bound for Thailand. Petronas is also stepping up promotion of its 2021 licensing round for new fields.
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The sale of the minority stake is part of its larger 2021 program to raise an average of $4 billion annually by shedding noncore holdings.
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Russia’s largest oil company is moving quickly to shed underperforming brownfield assets to raise capital and transform itself into a major LNG player this decade. The state-owned giant is making the move as natural gas positions itself for a growing role in the energy transition.
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WaveCrest Energy will develop, build, and own LNG assets to service underserved markets.
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China is seen as leading the way for consumption growth in the coming decades.
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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.
