LNG

The U.S. Energy Information Administration has reported that the US exported more LNG than any other country in 1H23.

Sempra Infrastructure has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.

ADNOC Gas plc has announced an agreement, valued between US$450 million – US$550 million, to supply LNG to PetroChina International Company Ltd.

The Methane Abatement in Maritime Innovation Initiative (MAMII) more than doubled its membership in its first 12 months, as announced at Gastech 2023 in Singapore.

Tellurian Inc. and Baker Hughes announced an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project.

BP has entered its third long-term LNG offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.

Karpowership International and Galileo Global Technologies Ltd have signed a memorandum of understanding to form a strategic partnership in a range of technical and commercial areas.

Santos has executed a binding sale agreement to deliver Kumul Petroleum Holdings Limited a 2.6% participating interest in PNG LNG.

Asian LNG buyers are navigating a near-term market that is so finely balanced that any supply disruptions or demand upsides could cause significant price volatility according to Mangesh Dilip Patankar, Vice President, APAC Gas and LNG Consulting at Wood Mackenzie.

Venture Global LNG announced its long-term expansion plan to increase production from 70 million tpy to more than 100 million tpy of nameplate LNG export capacity.

Molgas Energy Holding has joined forces with Enagás to collaborate in the start-up of El Musel.

Commonwealth LNG has entered into a Heads of Agreement with MET Group, an integrated European energy company headquartered in Switzerland, for the sale and purchase of 1 million tpy of LNG for 20 years from the Commonwealth LNG facility currently under development in Cameron, Louisiana.

Oman LNG has announced the signing of a binding term-sheet agreement with Secure Energy for Europe to supply 0.4 million tpy of LNG starting from 2026.

Sempra Infrastructure, a subsidiary of Sempra has announced an agreement with a consortium comprised of Tokyo Gas Company, Ltd., Osaka Gas Company, Ltd., Toho Gas Company, Ltd., and Mitsubishi Corporation to participate in the evaluation of a proposed project to produce e-natural gas, a form of carbon recycling, in the U.S. Gulf Coast.

Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the US, has been awarded the Port Arthur LNG Phase 1 project marine dredging and disposal contract.