Petrobras, Seatrium in talks to export LNG to Asian utility buyers
Brazil’s state oil company Petrobras is in negotiations with Singapore-based shipbuilder Seatrium on ways to liquefy and export gas produced in Brazil’s giant deepwater Atlantic pre-salt fields, catering to rising demand from gas-fired power generators across Asia in a tight market.
Sempra starts FERC pre-filing for Port Arthur LNG North expansion
Sempra Infrastructure has opened the FERC pre‑filing process for Port Arthur LNG North, a four‑train, 27 mtpa expansion of its Texas export terminal that could start shipping LNG in late 2034, if approved by the US energy regulator and financing is secured.
CNOOC eyes US energy cooperation, mulls joint investments
China’s state-owned oil and gas company CNOOC sees potential for an energy cooperation with the US, and would consider investing alongside US partners in future projects, a senior executive said, as signs of a thaw in trade relations emerge.
TTF may need to hit €100 to draw flexible US LNG
European gas prices at the Dutch TTF may need to top €100/MWh to attract enough flexible US LNG cargoes to refill storages ahead of the winter, Goldman Sachs analysts said.
Netherlands will not meet winter storage target, Gasunie warns
Gasunie has warned the Netherlands will not meet its 115 TWh gas storage target for this winter. Storage is currently just 44-45% full, the lowest since 2009, as utilities shy away from buying LNG at current high prices.
Venture Global clears legal hurdle for CP2 LNG
The US Court of Appeals has removed a major legal obstacle to Venture Global’s CP2 LNG export terminal in Louisiana, upholding the Federal Energy Regulatory Commission’s (FERC) approval of the $28 billion project and its associated CP Express pipeline.
ADNOC adds two LNG carriers to Chinese newbuilding program
ADNOC Logistics and Services has exercised options to get two additional next-generation LNG carriers built at China’s Jiangnan shipyard, further expanding its fleet renewal programme. The two vessels, worth $444 million combined, are due for delivery in 2029.
Banks line up $15 billion for Argentina LNG project
JPMorgan and Santander are among banks arranging a $14-15 billion debt financing facility of for the Argentina LNG venture, as project partners YPF, Eni and ADNOC’s XRG target a final investment decision (FID) in November.
Woodside fast-tracks Louisiana LNG, targets first cargo in 2029
Australian energy major Woodside and its contractor Bechtel are accelerating construction at the 27.6 mtpa Louisiana LNG project with the aim of shipping a first cargo in 2029.
Hormuz disruptions spur Equinor return to Tanzania LNG project
Norway’s state energy company Equinor is considering reviving the long-stalled Tanzania LNG project with Shell, as disruption to shipments through the Strait of Hormuz could continue into the fourth quarter of this year, or possibly extend to 2027.
