LNG
Argentina’s President Javier Milei met with TotalEnergies CEO Patrick Pouyanné and Eni CEO Claudio Descalzi in Paris to discuss Argentina’s energy sector, including projects linked to the Vaca Muerta shale formation and the development of the Argentina LNG export project.
Shell has reached FID on LNG Canada Phase 2, a major expansion that will double the Kitimat facility’s LNG export capacity to 28 mtpa and strengthen long-term supply to growing Asian markets.
Increased capacity from new terminals and expansions drove up exports of liquefied natural gas at the quickest rate since 2016.
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Alternative investment firm acquires LNG transportation specialist for $1.5 billion. -
The price of natural gas has more than doubled this year in many parts of the world. The ripple effects are starting to be felt, but how wide they will spread may not be known until winter comes.
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Excelerate, once disqualified from the proceedings, ends up with lease agreement to December 2023.
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Egypt is halting its liquefied natural gas export business, instead redirecting surplus natural gas to Lebanon via the Arab Gas Pipeline. Meanwhile, the US is considering waiving some sanctions against Syria.
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The newbuilds are slated for delivery in 2024.
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Yamal LNG Resource, a subsidiary of Russia’s Novatek, has won exploration and production licenses to expand its Arctic resource base for sustained long-term growth of its LNG business.
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Polish oil company will take an additional 2 mtpa for 20 years.
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Russia is pouring investment into liquefied natural gas projects as it seeks to leverage the world’s largest natural gas reserves together with the logistical advantages of delivering it at a competitive price to Asia and Europe along the now-navigable Northern Sea Route.
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The authors write of an efficiency-optimization effort in the planning and construction of a West African breakwater for LNG service that resulted in increased financial and environmental benefits.
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Environmental permit will allow work on the $12-billion project to begin on site.
