LNG
Increased capacity from new terminals and expansions drove up exports of liquefied natural gas at the quickest rate since 2016.
While discussions on the commercial terms for gas sales continue, the release of the jackup rig intended to drill production wells calls into question Shell’s plans for first gas in 2027.
With a strong presence across US shale in the Bakken, Anadarko Basin, Powder River Basin, and the Permian, Continental Resources is expanding into Argentina’s Vaca Muerta shale as the privately held E&P giant pursues international growth.
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The agreement takes 80% of Santos’ share of expected gas from Barossa annually for 10 years. -
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.
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Modules for the FPSO will travel to Singapore for integration. The FPSO will be located offshore Mexico, with first oil production planned for 2021.
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The charter agreement for the LNG-propulsion vessels is in line with Total’s Climate Ambition and will cut down on several emissions.
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Engie’s delayed supply contract with NextDecade’s Rio Grande LNG project is for 20 years. FID on the project is expected in 2021.
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Cyberhawk will provide drone inspection, surveying, data visualization services, and inspection reports.
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The LNG project includes development of offshore gas fields in Mozambique’s Area 1 and a liquefaction plant with a capacity in excess of 12 mtpa. The gas turbines are slated for delivery in 2H 2021 and 1H 2022, and the compressors are expected in 2021.
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Bechtel will design the LNG facility with a final contract price proposal by spring 2021. If built, Goldboro LNG would be the largest megaproject in Nova Scotia’s history.
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Wood Mackenzie is bullish on the future of global LNG demand. Chief Analyst Simon Flowers outlines the risks ranging from spot prices, project economics, and environmental concerns.
