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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LNG project in Mexico moves closer to FID in 2021. -
Initial production at Freeport LNG Train 3 is expected in the first quarter. The project’s final commissioning stage included feed gas.
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The Alaska LNG project moves another step closer to a final order, expected in June.
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This is the second EPC contract Bechtel signed for Port Arthur LNG. Final investment decision is expected this year.
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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.
