Liquefied Natural Gas
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Latest LNG Stories
Glenfarne and ConocoPhillips sign gas sales agreement for Alaska LNG project
Glenfarne Alaska LNG LLC and ConocoPhillips have signed a thirty-year gas sales precedent agreement to supply natural gas from Alaska's North Slope for Phase One of the Alaska LNG project. This agreement secures sufficient volumes to support a final investment decision for the project, which aims to enhance energy security in Alaska. Alaska LNG will transport natural gas through a 739-mile pipeline and eventually produce LNG for export.
Delfin Midstream announces $5 billion investment for first U.S. FLNG vessel
Delfin Midstream has made a Final Investment Decision for its first floating liquefied natural gas (FLNG) vessel, Delfin FLNG 1, with an expected export capacity of 4.4 million tonnes of LNG per year. The project, located in Louisiana and offshore in the Gulf of Mexico, has secured investments from Global Infrastructure Partners and other partners. Construction is set to begin, with production expected to start in 2030.
Canada to supply LNG to Germany, boosting Ksi Lisims project prospects
British Columbia Premier David Eby states that a deal for Canada to supply LNG to Germany enhances the likelihood of the Ksi Lisims project proceeding. The project, a $10 billion investment, has regulatory approval but awaits a final investment decision. The German firm SEFE is reportedly set to purchase gas from the proposed plant.
Commonwealth LNG approves $13 billion export project in Louisiana
Commonwealth LNG has approved a $13 billion investment for a liquefied natural gas export facility in Louisiana, with a capacity of 9.5 million tons annually. The project is backed by Kimmeridge, Mubadala Energy, and the Canada Pension Plan Investment Board, and is expected to generate over $3 billion in annual export revenue starting in 2030. The final investment decision includes $9.75 billion in project financing and marks the start of full construction.
ADNOC LNG tanker exits Strait of Hormuz heading to India
A liquefied natural gas tanker from Abu Dhabi has exited the Strait of Hormuz, indicating a rise in energy shipments. The vessel is en route to India, following a period of limited LNG traffic through the strait since late February, which had affected global supply.
QatarEnergy extends force majeure, cancels five LNG cargoes for Edison
QatarEnergy has extended force majeure until mid-August, canceling five additional LNG cargoes for Italian utility Edison. This brings the total to 17 cargoes affected, amounting to approximately 2.2 billion cubic meters of gas. Edison is working to replace these volumes, primarily with LNG from the U.S.
Japan signs 20-year LNG supply contract with Petronas
Japan's JERA has secured a 20-year LNG supply contract with Malaysia's Petronas, starting in 2028, for 2 million tons annually. This deal comes amid rising energy risks and aims to enhance Japan's energy security as it faces potential LNG shortages. Japan is increasing its LNG imports to meet growing demand, particularly for air-conditioning during summer months.
Inpex signs agreement for stake in Australia's largest undeveloped LNG field
Inpex has signed an agreement to acquire a stake in Australia's largest undeveloped LNG field. This move expands Inpex's portfolio in the LNG sector.
ConocoPhillips anticipates LNG production delays in Qatar of months
ConocoPhillips expects delays in increasing LNG production capacity at its joint ventures in Qatar to be measured in months, not years. The company is involved in QatarEnergy's main LNG project, which aims to boost production capacity from 77 million metric tons per year to 126 MTPA. Factors affecting this timeline include damage to facilities and geopolitical issues related to the Iran war.
U.S. to release LNG and LPG reserves to ASEAN countries
The U.S. will release liquefied natural gas and liquefied petroleum gas from its strategic reserves to ASEAN countries, according to Deputy Secretary of State Christopher Landau. This initiative aims to support energy diversification and long-term security in the region amidst the current energy crisis. U.S. LNG exports to Asia increased to 3.68 million tons in May, up from 2.71 million tons in April.
BP sells 5% stake in Browse LNG project to GS Energy
BP sells a 5% stake in the Australian Browse LNG project to GS Energy of South Korea. This transaction reflects BP's ongoing strategy to optimize its portfolio and manage its investments in LNG projects.
Mozambique disputes TotalEnergies' $2 billion cost estimate for LNG project delays
The government of Mozambique contests TotalEnergies' claim that $2 billion in cost overruns resulted from delays in the Mozambique LNG project. TotalEnergies suspended work on the $20 billion project due to security concerns from Islamist attacks, leading to a force majeure declaration. Mozambique has not yet approved an updated development plan and continues discussions with TotalEnergies regarding costs.
JGC involved in $5 billion Eni FLNG project in Mozambique
JGC confirms its participation in a $5 billion contract for the Eni FLNG project. The Coral Norte vessel is expected to begin production in Mozambique in 2028.
US LNG exports surge amid global supply disruptions
US LNG exports to Asia increased significantly in April, with nearly a quarter of American cargoes directed to the region. The disruption of 20% of global LNG supply due to the Iran war has led to a surge in prices across Asia and Europe. The US is on track to achieve 220 MTPA of export capacity within five years, supported by $100 billion in private investment and a favorable political environment for producers.
Shell's LNG Canada receives green light for phase two expansion
Shell's LNG Canada project receives a limited notice to proceed for phase two expansion, aiming to double the facility's capacity. Fluor and JGC are involved in this project.
Strike at Inpex's Ichthys LNG facility called off amid ongoing negotiations
Inpex announced that planned industrial action at the Ichthys LNG facility in Darwin will not occur as negotiations continue. The company is engaged in good faith bargaining facilitated by the Fair Work Commission.
Australian unions threaten strike at Ichthys LNG facility, risking global supply
Australian trade unions plan a strike at Inpex's Ichthys LNG facility starting May 27, potentially causing 243 work stoppages. This industrial action follows failed negotiations over employment conditions, further straining global LNG supply amid ongoing geopolitical tensions. The situation is exacerbated by disruptions in the Middle East affecting LNG exports.
Record LNG exports help alleviate global supply strain amid Mideast conflict
Record LNG exports from Atlantic Basin liquefaction facilities have mitigated global supply issues due to the loss of Qatari and UAE volumes amid the Mideast conflict. Asian demand continues to rise, contributing to increased gas prices.
Cheniere signs deal with Bechtel to expand US LNG export capacity
Cheniere Energy has signed a contract with Bechtel to expand its LNG export capacity in the U.S. The expansion aims to increase the volume of liquefied natural gas available for export, supporting growing global demand.
Canada signs deal with Germany's SEFE for Ksi Lisims LNG
Canada is set to sign a deal with Germany's SEFE for the Ksi Lisims LNG project. This agreement highlights the ongoing collaboration between Canada and Germany in the energy sector.
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