LNG

Energy World Corporation (EWC) has strengthened its balance sheet by converting $434 million of debt into equity, erasing the group’s external debt to advance its 3 mtpa Pagbilao LNG regas terminal and integrated power project.

Exxon Mobil CEO Darren Woods anticipates first LNG at Golden Pass LNG terminal will be “produced in very early March.” The $10 billion liquefaction terminal near Sabine Pass, jointly owned by Exxon Mobil and QatarEnergy, will become one of the newest US LNG export plants as it advances through commissioning.

Feedgas intake at Freeport LNG is ramping up following a brief shutdown last week. A compressor system malfunction had reduced feedgas to 1.5 billion cubic feet per day (bcfd), well below the terminal’s full capacity of around 2 bcfd across all trains.

This year, India's LNG imports could rise to 28 mill-29 mill tonnes, due to strong demand, Petronet LNG’s (PLL) Managing Director and CEO, Akshay Kumar Singh, said at a briefing during India Energy Week (IEW).