Wood Mackenzie has announced that Egypt’s gas market is set to undergo profound changes within the next five years, and claims that these could impact the global LNG market, with Egypt positioning itself as a prominent seasonal player.
The project comprises the development of a FLNG storage unit and a new combined cycle gas fired power plant.
Hydro has signed an LoI with the state of Pará and an MoU with Shell Brasil Petróleo LTDA to replace a portion of its current fuel oil consumption at the Alunorte alumina refinery in Brazil with natural gas.
The biggest divergence between US and Asian gas prices in a year has created an opportunity for tankers delivering LNG.
Pipeline disruption comes at a bad time for CNOOC given the cold snap fueling gas burn in northern China.