LNG
The sale of Woodside’s Calypso stake to BP completes the company’s withdrawal from Trinidad and Tobago after decades of operations in the country.
ExxonMobil’s Letter of Intent to begin preliminary engineering and procurement work for Mozambique’s Rovuma LNG project bridges the development to a final EPC contract, which Area 4 partners are expected to award following an FID anticipated by year-end 2026.
Williams' acquisition of Momentum Midstream creates a larger, more connected Gulf Coast gas network capable of meeting surging demand from LNG export facilities, power generators, and industrial users.
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Disputes that closed the plant 8 years ago are now resolved, said Italy’s Eni. -
Driftwood gets the green light, as demand rebounds and the stars align at last.
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This year gas is expected to look only a bit better, but after 2019 that is a relief.
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The US Department of Energy has extended export terms for seven long-term LNG licenses until 2050. The extension affects projects currently under construction or pending the start of construction.
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China independent distributor Jiasheng Gas Co. is set to build a $380-million LNG storage and receiving facility in east China, as the country opens up to more private participation and investments surge in LNG import terminals.
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Shale-based associated gas production is behind the phenomenon. When oil prices do not support production, associated natural gas production also stops, with little to no consideration of natural gas prices.
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The agreement takes 80% of Santos’ share of expected gas from Barossa annually for 10 years.
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ECA LNG will connect natural gas supply from Texas and the western US to Mexico and other countries across the Pacific Basin. First production from the project is expected in late 2024.
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The agreements place most of the LNG volumes through Q1 2022 and continue ADNOC’s expansion into new LNG export markets.
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Modules for the FPSO will travel to Singapore for integration. The FPSO will be located offshore Mexico, with first oil production planned for 2021.
