Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.
Norton Rose Fulbright has advised Tokyo Gas Co., Ltd and related entities on the sale of its minority interests in four Australian LNG projects.
MidOcean Energy has announced the completion of its previously announced agreement to acquire SK earthon’s 20% interest in Peru LNG, owner and operator of the first LNG export facility in South America.
TotalEnergies has joined forces with the Sultanate of Oman and OQ Alternative Energy for the building of the Marsa LNG project, a sustainable LNG project fueled using renewables.
AB KN Energies, UAB Hoegh LNG Klaipeda, and the Lithuanian Maritime Academy have signed a tripartite agreement, committing to developing and enhancing the competence of seafarers in the servicing, management, and maintenance of FSRUs and LNG carriers.
The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.
The US exported 10% more natural gas in 2023 than in 2022, a record of 20.9 billion ft3/d, according to the EIA’s Natural Gas Monthly.
Mexico Pacific Limited LLC has announced that Sarah Bairstow, the company’s President, has been appointed as CEO, effective immediately.
Saipem has completed its construction of the independent natural gas system for Gastrade’s LG project off the coast of Alexandapoulis, Greece.
Germany’s Mukran LNG terminal has received the emission control and water law permits for the operation of the terminal.
Baker Botts has acted as legal counsel to Pembina on the commercial agreements between Cedar LNG Partners LP and offtakers ARC Resources Ltd and Pembina.
TotalEnergies has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play.
Craig International’s has been awarded a contract by QatarEnergy LNG to source and supply products and services for maintenance, repair, and operations
Henkel has completed the acquisition of Seal for Life Industries LLC from Arsenal Capital Partners.
MidOcean Energy, a global LNG company formed and managed by EIG, has announced a strategic investment by Mitsubishi Corp.