South America LNG news

CB Fenton and Kanfer Shipping have signed a memorandum of understanding with the clear purpose of establishing an attractive hub for LNG bunkering and small scale LNG distribution in/out of Panama.

Emma Richards, Fitch Solutions, provides an outlook for the global LNG market.

New Fortress Energy Inc. has finalised its agreements with Petróleos Mexicanos to develop and operate an integrated upstream and natural gas liquefaction project off the coast of Veracruz in Southeastern Mexico.

Nimofast Brasil S.A. recently signed a partnership agreement with Kanfer Shipping AS to offer small and medium scale LNG shipping, small scale floating storage units, and LNG bunkering solutions to its clients in Brazil from 2025 onwards.

HAM Criogénica Peru has acquired 40% of the company Limagas Movilidad S.A.C., a Peruvian company dedicated to the construction and management of vehicular natural gas service stations.

CycleØ and HAM Group will build the first BioLNG plant in Chile. The works will be carried out through HAM Chile and FNX Liquid Natural Gas.

PETRONAS has signed a memorandum of understanding with YPF to pursue collaboration in Argentina in an integrated LNG project and other areas.

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.

The project, located in Suriname, will gather the natural gas normally wasted through flaring by offshore oil platforms and turn it into LNG.

The companies have completed the acquisition of Enagás and OMERS Infrastructure’s respective stakes of the LNG regasification terminal, representing 80% of the GNL Quintero share capital.