African LNG news

Emma Richards, Fitch Solutions, provides an outlook for the global LNG market.

bp has loaded the first LNG cargo from Mozambique’s offshore Coral Sul FLNG facility, the country’s first LNG project and first FLNG facility deployed in the deep waters of the African continent.

Egyptian LNG has awarded a feasibility study contract to Bechtel-led Coalition for Decarbonization of existing facility.

Eni has informed that the first shipment of LNG produced from the Coral gas field has departed from Coral Sul floating facility.

Baker Hughes has recently announced a new service contract for maintenance and monitoring of turbomachinery equipment operations at Coral Sul FLNG.

The company has stated that its investment policy is designed to transform TotalEnergies into a multi-disciplined energy company, which will help it achieve its net zero target by 2050.

As the global energy crisis deepens and countries scramble to secure reliable energy sources, investments in new LNG infrastructure are set to surge, reaching US$42 billion annually in 2024.

With an overall value of approximately US$900 million, Saipem is taking care of the EPC, including hook-up and commissioning assistance, of the Quiluma platform.

The companies have signed an MoU with the aim of establishing LNG bunkering services in Egypt Mediterranean, the Suez Canal, and the Red Sea.

An average of 49.0 billion ft3/d of LNG was traded globally during 2021, an increase of 2.2 billion ft3/d from 2020, according to The LNG Industry GIIGNL Annual Report 2022.