South America LNG news
Rystad Energy: Global LNG investments will peak at US$42 billion in 2024
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.
Firebird LNG project now fully funded
The project, located in Suriname, will gather the natural gas normally wasted through flaring by offshore oil platforms and turn it into LNG.
Fluxys and EIG partner on GNL Quintero
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.
EIA: global trade in LNG grew by 4.5% in 2021
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.
NFE and Pemex form strategic partnership
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.
HAM and Lipgas collaborate on LNG service station
The companies will design, construct, and commission a new LNG service station in Tabolango, Chile.
Milbank advises OMERS Infrastructure in sale of GNL Quintero
Milbank have advised OMERS Infrastructure in sale of joint stake in GNL Quintero, the largest LNG terminal in Chile.
EIG and Fluxys partner on LNG Infrastructure in Chile
The companies will jointly acquire an 80% equity stake in GNL Quintero S.A. an LNG regasification terminal in Chile.
NFE and Hydro execute gas supply agreement
New Fortress Energy will supply natural gas from its Barcarena LNG terminal to Norsk Hydro’s Alunorte Alumina Refinery in Pará, Brazil.
Excelerate Energy delivers regasified LNG to Brazil
The company started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal in Salvador, Bahia, on 8 December.