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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Repair work on the Gorgon LNG plant’s propane heat exchangers is underway. Planned maintenance on the Gorgon Train 2 was expected to end in July. -
The original technology selected in 2015 and 2016 for Rio Grande LNG has since evolved. With five trains instead of six, Rio Grande LNG will still produce 27 mtpa.
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The Mozambique LNG project expects to achieve financial close in Q3.
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Larger-capacity LNG truck trailers and new regulations for transport by rail are providing more options for industrial consumers in remote locations.
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The growing opposition in the US for new natural gas pipelines comes as supply and demand continue to grow. Pipelines are necessary for the transport of the gas. Why is there a disconnect between the two?
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The US approved construction and operations for the Jordan Cove project in March; first gas is anticipated in 2024
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Two of the biggest assets to suffer from the new valuation are in Australia. Shell’s QGC venture and its floating liquified natural gas facility, Prelude, have been reduced in value by up to $9 billion.
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The drop in US LNG exports comes amid a combination of weak demand, ample supply, additional capacity coming on line, and flexibility to cancel US cargoes.
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Poland state officials said the terminal expansion is crucial to strengthening the country’s energy security by increasing its capacity to receive LNG and gas from European countries and decreasing its dependence on Russia.
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The vessel is capable of operating as both an FSRU and a fully tradable LNG carrier.
