Woodside breaks ground on S17.5bn Louisiana LNG project
Woodside Energy gears up to officially break ground on the $17.5 billion Louisiana LNG facility today – the biggest direct foreign investment in the state’s history. Planned production capacity is up to 16.5 mtpa, with first LNG targeted in 2029.
Growing gas deficit forces Egypt to arrange more LNG imports
Egyptian Natural Gas Holding Company (EGAS) strives to source more LNG to meet the country’s growing gas deficit via a second floating regas terminal. The ‘Energos Winter’ FSRU, chartered from New Fortress Energy, is currently en route to Damietta Port, where it will join the Energos Eskimo before the end of August.
JERA signs LoI to offtake 1 mtpa of LNG from Alaska
Japan’s largest utility JERA today signed a Letter of Intent (LoI) to buy 1 mtpa of liquefied natural gas from the Alaska LNG project over a 20-year term on a Free-on-Board basis. JERA is on a buying spree, and CEO Yukio Kani seeks to procure some 5.5 mtpa through long-term contracts to meet future demand and avoid future spot purchases.
CP2 and Plaquemines LNG targeted to start up before 2030
Venture Global CEO Mike Sabel strives to get two LNG expansions – Calcasieu Pass 2 and Plaquemines – come to market before 2030. Financial close for the $18 billion brownfield expansion at Plaquemines is targeted for mid-2027, followed by first LNG some 18 to 24 months afterwards.
JERA prefers over-contracting on term LNG to spot purchase
JERA Global CEO Yukio Kani has highlighted volatility of future LNG demand as the company’s greatest risk. “The worst-case scenario is we underestimate future demand, run short on term supply and have to go to the spot market to buy additional cargoes as this undermines fuel economics,” he said at Gastech today.
US LNG complements Europe’s efforts to phase out Russian gas
The European Commission seeks to mobilise €100 billion of clean energy investment whereby US LNG imports are key to phase out the remaining Russian energy in the system, the European Commission’s Ditte Juul Jorgensen said at Gastech 2025 in Milan today.
Russia’s ‘Power of Siberia 2’ to squeeze out US LNG in China
Little room would be left for US LNG imports to China if the country were to take the full 50 Bcm/y capacity of the Power of Siberia 2 gas pipeline, analysts suggest. If CNPC was to absorb the full throughput of the proposed gas interconnector, Gazprom could dent 42-45% of Chinese gas imports by 2040.
Gas-to-oil-ration uplift in the Permian underpins US LNG build-out
Just ten counties in the Permian Basin – a vast geological formation spanning New Mexico and Texas – are home of 1.9 million barrels per day, or 93% in US oil production growth. Increasingly gassy wells help underpin the fast-rising feedgas needs as the build-out of US LNG export capacity progresses.
India targets 27% increase in LNG import capacity by 2030
The Indian government aims to expand LNG import capacity to 66.7 mtpa by 2030 – a 27% rise from the current 52.7 mtpa – thanks to two projected regas terminals. The build-out aligns with government policies to more than double the share of gas in the national power gen mix to 15% by the end of the decade.
Argent LNG submits LoI to US Coast Guard, enters pre-filing process
Argent LNG has reached an early milestone at its 25 mtpa export terminal at Port Forchon, Louisiana, with the submission of a Letter of Intent (LOI) and Preliminary Waterway Suitability Assessment (PWSA) to the U.S. Coast Guard.
