South America LNG news

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.

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.

The companies will design, construct, and commission a new LNG service station in Tabolango, Chile.