LNG export news

Pacific Energy and Enbridge have announced an agreement to jointly invest in the construction and operation of the Woodfibre LNG project, Canada.

Compared with 2H21, US LNG exports increased by 12% in 1H22, averaging 11.2 billion ft3/d, according to EIA.

Under the SPA, ExxonMobil LNG Asia Pacific will purchase 1.0 million tpy of LNG, which will be supplied from the first two trains of NextDecade’s Rio Grande LNG export project.

According to the US Energy Information Administration, June’s LNG exports averaged a 1.5 billion ft3/d decline from May due to the Freeport LNG outage.

Stade will be the site of one of the four floating LNG terminals – so-called FSRUs – chartered by the Federal Government of Germany.

Under the SPA, PetroChina’s subsidiary, PCI, has agreed to purchase up to approximately 1.8 million tpy of LNG from Cheniere Marketing on an FOB basis.

Following the Freeport outage, the US Energy Information Administration expects US LNG exports to fall by 6%.

Fluor Corporation has announced that it was awarded a full notice-to-proceed contract by NFE for the engineering, procurement, and fabrication management of the NFE Fast LNG 2 project.

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.

As part of the agreement, the companies will develop the Lakach deepwater natural gas field which NFE will use to produce LNG for global export.