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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The Alaska LNG project moves another step closer to a final order, expected in June. -
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.
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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.
