Liquefaction

Mitsui & Co Ltd expects a final investment decision on a US Anadarko-led offshore LNG project in Mozambique in the year to 31 March 2019.

In 2017 Jumbo was awarded a contract by Geocean for the Moheshkhali Project.

A planned pipeline connecting Cyprus’ Aphrodite gas field to Egypt’s LNG facilities will cost between US$800 million and US$1 billion.

Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on par with oil majors, despite a regional political and economic embargo on Doha.

Cheniere Energy Inc said on 4 May that it plans to make a final investment decision to build the third liquefaction train at its Corpus Christi LNG export facility in Texas in the next few weeks.

Offtaker will purchase fixed rate per year.

Exxon Mobil’s Papua New Guinea LNG export plant has offered two cargoes for May and June.

The increasing connectivity of online devices is enabling better decision-making.

An average capital expenditure of US$17.8 billion per year will be spent on 336 oil and gas fields in Southeast Asia between 2018 and 2020, according to GlobalData.

Greek gas company DEPA will take part in a market test for the development of a liquefied natural gas terminal in northern Greece.

Gunvor posted its lowest net profit last year since at least 2011 due to major investments to set-up a US trading presence and a prolonged planned turnaround at one of its refineries.

Exxon Mobil is pushing ahead with efforts to develop its US$15 billion Far East LNG project with Russia’s Rosneft despite being forced to exit some joint ventures due to Western sanctions.

Asian spot prices for LNG firmed over the past week.

Australia’s trade surplus swelled to a 10-month peak in March as resource exports boasted a bumper run.

Venture Global LNG enters LNG sales and purchase agreement with Galp for 1 million tpy.