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 pipeline is the first step in developing the infrastructure needed to transport gas between Pluto LNG and the Karratha Gas Plant in Western Australia. Woodside is targeting 2022 startup. -
The National University of Singapore’s Faculty of Engineering, Keppel Data Centres Holdings, and Singapore LNG have joined forces to develop a novel, energy-efficient, and cost-effective cooling technology using liquefied natural gas for data centers.
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Delfin Midstream announced advancements in partnership with Samsung Heavy Industries and Black & Veatch. By re-purposing existing offshore pipelines and building the FLNG vessels at Asian shipyards, the total capital costs are projected to be around $500–550/tpa.
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NextDecade and Mubadala Investment Co. have reached agreement for Mubadala to purchase $50 million of NextDecade’s common stock in a private placement. The capital buoys the development of the Rio Grande LNG export solution linking Permian Basin associated gas to the global LNG market.
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Technip Energies will work on a backlog comprising more than 50% in LNG-related business. Retaining the TechnipFMC name, RemainCo will generate nearly 90% of its revenue outside the US and Canada.
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The Orca-1 and Marsouin-1 wells have derisked up to 50 Tcf of gas initially in place from the Cenomanian and Albian plays in the BirAllah area, more than sufficient to support a world-scale LNG project, partner Kosmos Energy said.
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The deal sees ExxonMobil provide feed gas from its Point Thomson field to Qilak LNG’s proposed export project, which would use icebreaking carriers to export 4 mtpa of LNG to Asia directly from Alaska’s North Slope.
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Kinder Morgan, the majority owner and operator of the Georgia export terminal, said the oft-delayed project should have all 10 trains running by the first half of next year.
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The agreement—in which Total will reportedly pay $600 million for a 37.4% stake in the Indian gas conglomerate—boosts the supermajor’s LNG market access in India and neighboring countries. It is the latest move in Total’s aggressive expansion of its LNG portfolio.
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The deal for ConocoPhillips’s northern Australian portfolio will help the Australian company boost its position in the country’s gas market, as it gains majority ownership in a set of key assets including Darwin LNG and the Barossa project.
