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Overview
With significant investment going into LNG export projects in the US, Australia and across Asia-Pacific and continued concerns about gas imports into Europe and Asia, LNG is expanding as a major sector of the global gas market that has attracted super-majors and independent companies alike.
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Marubeni receives exclusive development rights for Thilawa LNG-to-power project in Myanmar
Marubeni, with Sumitomo, Mitsui & Co. and Eden Group, has received permission from Myanmar’s Ministry of Electricity and Energy to go ahead with their LNG-to-power project in Thilawa, Myanmar.
Qatar picks Air Products for LNG expansion tech
PetroVietnam units team up on LNG projects
State-owned PetroVietnam Gas (PV Gas) has teamed up with a number of other PetroVietnam subsidiaries to develop projects that will take advantage of its first liquefied natural gas (LNG) terminal.
Bangladeshi LNG-fired power plant secures loan
Japanese energy giant JERA and India’s Reliance Power have secured a $642mn loan for their planned liquefied natural gas-fired thermal power plant in Bangladesh.
NRG: Emerging bright spots
Even as major companies continue to report quarterly losses, world crude oil prices have remained steady and some LNG markets are still heading for growth.
Sempra Energy, IENova say export permit is holding up FID on LNG project
IENova, the Mexican subsidiary of California-based Sempra Energy, is still hoping to begin work on the Energía Costa Azul LNG project soon, though it is still waiting for Mexico to issue an export permit.
Renergen completes design work for LNG plant
South Africa’s Renergen has completed design work on its planned gas liquefaction plant 22 days ahead of schedule.
Novatek posts weaker Q2 numbers, but stresses strengths
Russian gas supplies to Turkey fall 62% in May while Azerbaijani and Qatari deliveries grow
Gazprom Neft joins international LNG bunkering group
Chevron aims for restart of Gorgon Train 2 by September
Super-major Chevron said this week that it anticipates restarting the second liquefaction train at Western Australia’s Gorgon LNG terminal in early September after completing repairs that are currently underway.
Ice-breaking LNG carrier reaches Japan in industry first
Mitsui OSK Lines (MOL) said this week that the ice-breaking Vladimir Rusanov LNG carrier, which it owns and operates jointly with China COSCO Shipping, reached the LNG terminal in Ohgishima, Tokyo Bay, on July 23.
Russia overtakes US in LNG supplies to China
The latest Chinese customs data show that Russia supplied 396,000 tonnes of LNG to the Asian country in June, compared with 340,000 tonnes arriving from the US.
US LNG exports still booming despite cargo cancellations
Exports of LNG from the US have still risen year on year, despite a spate of cargo cancellations over the summer as a result of global oversupply.
Comet mulls MGP stake sale
Australian independent Comet Ridge has said it may sell off some of its 40% stake in the Mahalo Gas Project (MGP) in Queensland.
Russian government to auction off Arctic gas fields
NRG: Beyond oil
US Eximbank to provide largest portion of $14.9bn Mozambique LNG loan
The US Export-Import Bank (Eximbank) is set to make the largest individual contribution to a nearly $15bn credit package that the Mozambique LNG consortium is using to fund its project.
Kinder Morgan ready to start up seventh Elba Island train
US infrastructure operator Kinder Morgan has requested regulatory permission to put the seventh liquefaction train into service at the Elba Island LNG export terminal in Georgia.
Plans unveiled for major Vietnamese LNG-to-power investment
Chan May LNG is planning to invest up to $6bn in an LNG-to-power project in Vietnam as interest in such ventures grows in the country.
Oil Search’s revenue plunges 26% in Q2
Sydney-listed Oil Search saw its second-quarter revenue plunge 26% quarter on quarter owing to the oil price crash in March.
Okra Energy subsidiary to deliver LNG to Mexico’s Énestas
A subsidiary of US-based Okra Energy has announced plans to deliver LNG to a customer in Mexico.
Pace of US LNG cargo cancellations slows
LNG buyers are continuing to cancel cargoes of the super-chilled fuel that are scheduled for loading from the US, but the pace of these cancellations is reported to be slowing.
Renergen launches South Africa’s first ever LNG auctions
Renergen has launched South Africa’s first ever auction of LNG by opening a bidding contest for future LNG production streams from the Victoria Gas Project.
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