LNG project news
Ichthys LNG project hit by contract dispute
According to Reuters, INPEX’s Ichthys LNG project has been hit by another contract dispute, involving the termination of over 600 workers.
Tellurian engages Société Générale as financial advisor for Driftwood LNG
Tellurian Inc. has selected SG Americas Securities LLC to provide general financial strategy and planning for the development and financing its Driftwood LNG project.
ExxonMobil acquires 25% interest in Area 4 block offshore Mozambique
ExxonMobil has announced that it has signed a sale and purchase agreement with Eni to acquire a 25% indirect interest in the natural gas-rich Area 4 block, offshore Mozambique.
World gas trade is changing
LNG market is becoming more fragmented with a spot market akin to oil.
LNG projects must control costs to stay competitive
Global LNG projects must control their costs to be profitable at current LNG prices to compete against coal and renewable power.
Anadarko to invest US$770 million in exploration and Mozambique LNG
Anadarko Petroleum Corp. has announced its 2017 initial capital expectations and guidance.
ExxonMobil to expand US Gulf Coast manufacturing capacity
ExxonMobil to expand US Gulf Coast manufacturing capacity
Disputes grow amid prospects for slower returns on LNG plants
After spending US$200 billion building the world’s biggest gas export plants, producers in Australia are now locked in legal battles with contractors.
Armour Energy to supply gas to APLNG
Armour Energy Ltd has announced that it has executed a connection agreement with APA Group, allowing it to supply gas to Australia Pacific LNG.
Kinder Morgan sells 49% interest in Elba Liquefaction Co.
Kinder Morgan Inc. has announced that investment funds managed by EIG Global Energy Partners have become a 49% joint venture participant in Elba Liquefaction Co. LLC.