LNG
ConocoPhillips Completes Purchase of Additional 10% Shareholding Interest in APLNG
ConocoPhillips today announced through its Australian subsidiary that it has completed the purchase of an additional 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion. After customary closing adjustments, cash paid for the additional interest is approximately $1.4 billion (AU$2.0 billion). The transaction resulted from the exercise of ConocoPhillips’ preemption right and is funded from cash on the company’s balance sheet.
McDermott's CB&I Named Tank Contractor for Venture Global's Plaquemines LNG Phase One Project
McDermott's storage business, CB&I, has been awarded a contract by Venture Global Plaquemines LNG for two 200,000 cubic-meter liquefied natural gas (LNG) storage tanks as part of the first phase of the Plaquemines LNG export project.
Woodside and Commonwealth LNG Sign HOA for LNG Supply
Woodside Energy Trading Singapore Pte Ltd has signed a heads of agreement (HOA) with Commonwealth LNG to negotiate a sale and purchase agreement for the supply of LNG from the proposed Commonwealth LNG development in Cameron, Louisiana.
NOVATEK and ENN Natural Gas Sign Sales and Purchase Agreement on Long-Term LNG Supply
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and ENN LNG (Singapore) Pte. Ltd., a subsidiary of ENN Natural Gas Co., Ltd. signed a long-term LNG sale and purchase agreement for the LNG produced from the Arctic LNG 2 project.
NOVATEK and Zhejiang Energy Sign Sales and Purchase Agreement on Long-Term LNG Supply
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group signed a long-term LNG sale and purchase agreement for the LNG produced from the Arctic LNG 2 project.
McDermott Awarded Mega EPCI Projects by QatarEnergy
McDermott International continues its winning streak in the Middle East with a mega offshore contract from QatarEnergy, a long standing key customer, to deliver engineering, procurement, construction and installation (EPCI) for the North Field East (NFE) Topsides and the North Field East (NFE) Offshore Pipelines and Subsea Cables projects, with an option included to also award the North Field South (NFS) Offshore Topsides—representing one of the largest single contracts McDermott has been awarded in its company history.
Johnson Matthey launches HyCOgen
Johnson Matthey, a global leader in sustainable technologies, has launched an innovative technology – HyCOgenTM – designed to play a pivotal role in enabling the conversion of captured carbon dioxide (CO2) and green hydrogen into sustainable aviation fuel (SAF). By combining HyCOgen with the award-winning FT CANS Fischer Tropsch technology (developed in collaboration with bp), Johnson Matthey offers an integrated, scalable solution for use in the efficient and cost-effective production of renewable power based SAF.
Chart Industries Awarded Four Hydrogen and Small-Scale LNG Liquefaction Orders Totaling Over $120 Million
Chart Industries, Inc., a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries, was awarded over $120 million of orders for four liquefaction projects, with four different customers over the past week. Additionally, this past week we have received releases on engineering work (Limited Notice to Proceed) on two of the big LNG export terminal projects expected to proceed to Final Investment Decision in 2022
Venture Global LNG and CNOOC Gas & Power Announce LNG Sales and Purchase Agreements
Venture Global LNG and CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), announced the execution of a 20-year Sales and Purchase Agreement (SPA).
Pavilion Energy, QatarEnergy And Chevron Launch GHG Reporting Methodology For Delivered LNG Cargoes
Pavilion Energy Trading & Supply Pte. Ltd., QatarEnergy and Chevron U.S.A. Inc today announced they have jointly published a quantification and reporting methodology to produce a statement of greenhouse gas emissions (SGE) for delivered LNG cargoes.
An Unremarkable Year?
The year 2021 is unlikely to go down in history as a particularly memorable one for the world of liquefied natural gas.
QatarEnergy announces long-term LNG supply agreement with China’s S&T International
QatarEnergy announced today that its LNG producing affiliate, Qatar Liquified Gas Company Limited (2), entered into a long-term Sale and Purchase Agreement (SPA) with S&T International Natural Gas Trading Company Limited (S&T) for the supply of one million tons per annum of LNG to China over a 15-year period starting in late 2022.
QatarEnergy announces long-term LNG supply agreement with China’s Guangdong Energy Group
QatarEnergy announced today that its LNG producing affiliate, Ras Laffan Liquefied Natural Gas Company Limited, entered into a long-term Sale and Purchase Agreement (SPA) with Guangdong Energy Group Natural Gas Co., Ltd. (GEG) for the supply of one million tons per annum of LNG to China over a 10-year period starting in 2024.
Venture Global and Louisiana Governor John Bel Edwards Announce Proposed CP2 LNG Export Facility
Venture Global LNG and Louisiana Governor John Bel Edwards announced the company will invest more than $10 billion to develop a fourth LNG export facility in the State of Louisiana.
Petronas Awards FEED Contracts for Sabah's Nearshore LNG Project
Petronas has awarded two Front End Engineering Design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to SAIPEM Spa as part of an international dual FEED design competition for a nearshore liquefied natural gas (LNG) project in Sabah.
McDermott Eyes Net-Zero LNG
McDermott, a fully-integrated provider of engineering and construction solutions to the energy industry, has completed an LNG construction study on behalf of Shell Global Solutions, looking towards net-zero construction emissions.
Cheniere and Foran Energy Group Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its subsidiary, Cheniere Marketing International, LLP, has entered into a binding 20-year liquefied natural gas sale and purchase agreement with Foran Energy Group Co., Ltd. The SPA follows a Heads of Agreement signed between subsidiaries of Cheniere and Foran in November of 2020.
Sval Energi and Storegga join forces to explore carbon storage on the NCS
Sval Energi has entered into an agreement with Storegga Geotechnologies Ltd (Storegga) to explore joint business opportunities for carbon storage on the Norwegian Continental Shelf (NCS). Enters agreement to explore CO2 storage opportunities off the coast of Norway Shared goal of being awarded licenses to store CO2 below the seabed Combines Storegga's carbon capture and storage (CCS) expertise and Sval's vast NCS knowledge and strong business development skills. The purpose of the agreement is to establish a common platform to secure the award of CO2 storage licenses on the NCS through identifying carbon storage opportunities and building a robust business case.
Woodfibre LNG awards EPFC contract to McDermott
Woodfibre LNG has signed an Engineering, Procurement, Fabrication, and Construction (EPFC) contract with McDermott International. The EPFC contract is an important step in advancing detailed engineering and construction scheduling work in advance of Woodfibre LNG issuing a notice to proceed.
Scarborough and Pluto Train 2 Developments Approved
Final investment decisions have been made to approve the Scarborough and Pluto Train 2 developments, including new domestic gas facilities and modifications to Pluto Train 1
Air Liquide and BASF welcome support from European Innovation Fund for joint CCS project
Air Liquide and BASF are planning to develop the world’s largest cross-border Carbon Capture and Storage (CCS) value chain. The goal is to significantly reduce CO2 emissions at the industrial cluster in the port of Antwerp. The joint project “Kairos@C” has been selected for funding by the European Commission through its Innovation Fund, as one of the seven large-scale projects out of more than 300 applications.
Woodside Agrees to Sell 49% Stake in Pluto Train 2 to GIP
Woodside has entered into a sale and purchase agreement with Global Infrastructure Partners (GIP) for the sale of a 49% non-operating participation interest in the Pluto Train 2 Joint Venture.
Global Infrastructure Partners Announces Agreement to Sell Interest in Freeport LNG to JERA Americas for $2.5 billion
Global Infrastructure Partners (“GIP”), a leading independent infrastructure investor, announced today an agreement to sell its 25.7% interest in Freeport LNG Development, L.P. (“Freeport”) to JERA Americas Inc. for US$2.5 billion, subject to customary purchase price adjustments. GIP’s second flagship fund, Global Infrastructure Partners II, acquired the stake in 2015.
EU support for Stockholm Exergi's bio-CCS project
The European Commission announced today that Stockholm Exergi's bio-CCS project - BECCS @ STHLM (bio-CCS - Bio Energy Carbon Capture and Storage) - has been selected for the final step in the selection process to receive support from the EU Innovation Fund. The project was selected for its potential to contribute to the transformation of the European energy sector and the potential to mitigate climate change.
Talos Energy and Freeport LNG to develop Carbon Capture and Sequestration project on Texas Gulf Coast
Talos Energy Inc. and Freeport LNG Development, L.P. today announced that the companies have executed a letter of intent to develop a carbon capture and sequestration (CCS) project, the Freeport LNG CCS project (FLNG CCS), immediately adjacent to Freeport LNG's natural gas pretreatment facilities located near Freeport, Texas, on the Gulf Coast, approximately 60 miles southwest of Houston, Texas. The companies anticipate first injection could occur by year-end 2024. Talos will be the project manager and operator and will be joined by its partner, Storegga Geotechnologies Limited, the lead developer of the Acorn CCS project in the United Kingdom.
Cheniere and Sinochem Group Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its subsidiary, Cheniere Marketing, LLC, has entered into a binding liquefied natural gas sale and purchase agreement with Sinochem Group Co., Ltd.
Venture Global and Sinopec Announce Historic LNG Sales and Purchase Agreements
Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) announced the signing of two 20-year Sales and Purchase Agreements (SPA) for the supply of a total of 4 million tonnes per annum (MTPA) of LNG from Venture Global’s Plaquemines LNG export facility, in Plaquemines Parish Louisiana.
QatarEnergy places LNG ship orders with Korean shipyards for its expansion projects
QatarEnergy placed the first batch of LNG shipbuilding orders with Korean shipyards consisting of four vessels from Daewoo Shipbuilding & Marine Engineering (DSME) and two vessels from Samsung Heavy Industries (SHI), as part of QatarEnergy’s historic shipbuilding program to meet its future LNG carrier requirements.
China's Winter Natural Gas Demand to Rise
China’s demand for natural gas is expected to rise to 180 billion cm this winter, up 10% year-on-year, according to PetroChina.
Cheniere and Glencore Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its subsidiary, Cheniere Marketing, LLC, has entered into a binding liquefied natural gas sale and purchase agreement with a subsidiary of Glencore plc.
