LNG

YPF and PETRONAS have concluded that Sierra Grande, in the Province of Río Negro, is the most advantageous location of the Argentina LNG project.

Sanctions to prohibit the purchase or import of LNG originating from Russia through EU terminals that are not connected to the EU gas network have now come into force, which means that Gasum will no longer import LNG from Russia.

The government of the Sultanate of Oman has announced its plan to develop an additional LNG train with a capacity of 3.8 million tpy at Qalhat Industrial Complex in South Sharqiyah Governorate.

Monadelphous Group Ltd has been awarded a construction contract with Woodside Burrup Pty Ltd, valued at approximately AUS$200 million.

Chevron Marine Lubricants’ Taro Ultra Advanced 40 formulation has been granted LNG Validation status by WinGD.

Dover has acquired Marshall Excelsior Company, a provider of mission-critical cryogenic and flow control components, for US$395 million in cash.

Texas LNG and EQT Corporation have executed a definitive 20-year tolling agreement for natural gas liquefaction services for 2 million tpy of LNG.

Woodside Energy Group Ltd has entered into a definitive agreement to acquire all the outstanding shares of Tellurian for US$1.00 per share in an all-cash transaction.

TotalEnergies EP Nigeria has signed a sale and purchase agreement with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria.

New Fortress Energy Inc. (NFE) has announced that it has achieved first LNG for its initial Fast LNG asset located offshore Altamira, Mexico.

OPW has completed the acquisition of Demaco, a provider of vacuum jacketed piping and other cryogenic equipment for gas producers, research institutions, EPC contractors, and end-users of liquefied gasses within various end-markets.

Rystad Energy predicts that Russia's gas will need to be rerouted to Europe through alternative paths, requiring an additional 7.2 billion m3/y of LNG to replace the gas transiting Ukraine.

Khaled bin Mohamed bin Zayed has recently met with bp, Mitsui & Co., Shell, and TotalEnergies to agree a 10% stake each in ADNOC’s Ruwais LNG project.

MET Group has entered into a long-term free-on-board LNG purchase agreement, by signing a 10-year agreement with Shell.

AG&P LNG and BK LNG Solution have signed an agreement to bring BK LNG’s spot cargo to China.