LNG
Train 4 is expected to add 6 million tonnes per year of capacity to the South Texas liquefied natural gas project when it goes online in 2030.
Louisiana-based project will use operator’s Optimized Cascade process to turn feed gas into LNG.
The floating liquefied natural gas ship Hilli Episeyo, currently offshore Cameroon, is planned for upgrades before redeployment to Argentina.
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This is the second EPC contract Bechtel signed for Port Arthur LNG. Final investment decision is expected this year. -
The Damietta LNG plant is expected online by June 2020. The plant will be owned by ENI, EGAS and EGPC.
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Train 2 has a projected export capacity of 4 mtpa. Train 3 is expected to reach production in Q2 2020.
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AG&P breaks ground on Karaikal LNG.
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Qatar has reportedly delayed the selection of Western partners for its massive North Field LNG project.
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Texas facilities get green light to export LNG. US export capacity is expected to almost double over the next 5 years.
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The unseasonably warm weather in the northern hemisphere and the rise of the global supply levels has resulted in record-low LNG prices. Adding to that, the coronavirus epidemic in China has reduced business and industrial activity, with January’s LNG imports dropping by about 10% year on year.
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A producer in the Marcellus Basin selected Edge Gathering Virtual Pipelines 2 to capture and liquefy gas from its stranded wells in Tioga County. Initial operation is underway and is set to be ongoing until at least 2022.
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Asian spot prices for LNG took a dive to multiyear lows, feeling the pressure of the lack of demand. Holders of previously agreed upon long-term buyer contracts seek renegotiation.
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Natural gas has emerged as a potentially major player in the energy mix, but what role will price pressures play in sanctioning gas supply projects and in LNG markets?
