African LNG news

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.

Asia is set to continue to dominate the global LNG regasification capacity additions, contributing approximately 75% of the total LNG liquefaction capacity additions between 2022 and 2026.

In light of this year’s MSGBC Oil, Gas & Power Conference & Exhibition, Energy Capital & Power looks at the six LNG projects to watch across West Africa.

Asia is expected to contribute approximately 27% of the total global small scale LNG liquefaction capacity additions by 2026 according to GlobalData.

They signed a letter of intent to increase gas production and export, primarily through the development of an LNG project expected to start-up in 2023.