Natural gas news

While geopolitical risks and potential project delays could shift this balance, the prospect of sustained LNG surplus poses a critical question for Africa: how can the continent strengthen domestic gas value chains to shield itself from global market volatility?

PETRONAS has entered into a sale and purchase agreement with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd for the supply of 1 million tpy of LNG.

Caturus has authorised full purchase orders for major equipment in anticipation of final investment decision for the Commonwealth LNG export facility in Louisiana, the US.

Fluor Corp. has reached an agreement to divest its portion of its Zhuhai fabrication yard in China’s Guangdong province to Offshore Oil Engineering Co., Ltd.

Wärtsilä has agreed to divest its Gas Solutions business to the German private equity investor, Mutares SE & Co. KGaA.

ADNOC, in partnership with Eni S.p.A. and PTT Exploration and Production Public Company Ltd, has signed a structured financing transaction of up to US$11 billion to monetise Hail and Ghasha’s midstream future gas production.

In our December issue of LNG Industry, a conversation with Alec Cusick, Owens Corning®, showcases passive safety strategies that help mitigate the risk of cascading events in LNG facilities.

Trinity Gas Storage, LLC has reached final investment decision on Phase II of its gas storage development project in East Texas.

Equinor has released updated estimates for progress and costs for the Snøhvit Future project.

Baker Hughes has received a full notice to proceed from Technip Energies on behalf of Commonwealth LNG to supply primary liquefaction equipment for Commonwealth LNG’s 9.5 million tpy export facility.