Natural gas news

Corinth Pipeworks has been awarded a contract by Saipem S.p.A for the development of an offshore and onshore natural gas pipeline by Gastrade.

High natural gas prices will continue to drive down European demand to 7% below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end.

ENGIE has purchased the remaining 1 billion m3 capacity of the LNG terminal in Eemshaven, the Netherlands.

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.

The agreement involves expanding the supply of natural gas to multiple facilities in Baja, Mexico, as well as creating a new LNG hub off the coast of Mexico.

Up to 7.5 billion m3/y of natural gas are to be handled via this terminal as quickly as possible. This is approximately 8.5% of Germany’s current gas demand per year.

Revenue from the sector is set to provide a direct benefit to the Queensland community from the state’s LNG export projects.

An incident occurred at the company’s liquefaction plant on Quintana Island that resulted in the release of LNG, leading to the formation and ignition of a natural gas vapour cloud and a subsequent fire at the facility.

TotalEnergies has been the first company selected to partner with QatarEnergy on the giant North Field East LNG project in Qatar.

Despite the ongoing war in Ukraine, it is anticipated that restrictions on the importation of Russian gas to the EU will not significantly impact on gas supply to Ireland.