LNG

Taiwan’s state-owned CPC Corp is moving closer to buying 6 million metric tons a year of LNG from Alaska LNG, with deliveries targeted from 2032 at the earliest as the company is considering investing up to $4.4 billion in the Glenfarne-led project.

British gas company Centrica has tentatively agreed to buy 1 mtpa of LNG from Canada’s Ksi Lisims LNG export project, strengthening the developer’s progress toward securing firm offtake and taking a final investment decision. The non-binding Heads of Agreement (HoA) is for 20 years of supply on a free-on-board (FOB) basis.

Shell – and its partners PETRONAS, PetroChina, Mitsubishi and KOGAS – have taken a final investment decision (FID) on the second phase of LNG Canada, approving a C$33 billion expansion that will double the British Columbia export terminal’s production capacity to 28 mtpa.

The project will add two liquefaction trains at the Kitimat facility, raising total capacity from 14 mtpa. Commercial operations are expected to begin in the early 2030s, Shell announced today.

FID on the second phase of LNG Canada marks a major expansion of the country’s LNG industry, with the Shell-led project being the country’s first large-scale LNG export project – positioned on the Pacific coast to supply customers in Asia.

Shell owns 40% of LNG Canada and expects to receive nearly 6 mtpa of additional LNG from Phase 2. The other partners are Malaysia’s Petronas, with a 25% stake; PetroChina, with 15%; Japan’s Mitsubishi Corporation, with 15%; and Korea Gas Corporation, with 5%.

Project partners’ approval comes as LNG producers and buyers prepare for a period of strong growth in global liquefaction capacity. New projects in North America and elsewhere are expected to add substantial supply during the late 2020s and early 2030s.

LNG Canada’s first phase comprises two trains with combined capacity of 14 mtpa. The facility began operations in 2025 and has since shipped more than 100 cargoes. Phase 2 will use existing infrastructure and site layouts designed to accommodate the additional trains. The expansion will include an additional LNG storage tank, a condensate tank and loading berth, as well as expanded utility and process systems.

To secure a stable flow of feedgas, LNG Canada partners also agreed to work with Coastal GasLink to expand the existing 670-kilometre pipeline through the addition of five compressor stations.

TotalEnergies and its Nigerian partner AMNI have taken a final investment decision (FID) to develop the Ima gas field, set to supply about a third of the gas needed for the $10 billion Train 7 project.

Saipem, in consortium with Jan De Nul, has signed a letter of intent worth 11 million Euros ($12.8m) with ExxonMobil for preliminary engineering, procurement and technical services for the offshore scope of Mozambique’s Rovuma LNG Phase 1, advancing the project towards FID before year-end.

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.

Santos is targeting a final investment decision on the Papua LNG project in the fourth quarter, the Australian oil and gas producer said when reporting a drop in first-half profits following the start-up of its Barossa LNG and Pikka oil projects.

ExxonMobil, on behalf of the Rovuma LNG Area 4 partners, has awarded about $1.1 billion in pre-investment contracts for long-lead upstream equipment, a move designed to push the long-delayed Mozambique project toward a final investment decision (FID) later this year.

US developer Argent LNG is targeting a final investment decision (FID) within two years after securing Department of Energy approval to export nearly 1.3 trillion cubic feet per year (Tcf/y) of LNG from its proposed Port Fourchon terminal to countries with US free trade agreements.

Production from ADNOC’s Umm Shaif Gas Cap is expected by 2030, unlocking more than 600 mmcf/d of gas and liquids that will bolster feedstock as ADNOC aims for 47 mtpa of marketable LNG capacity by 2035.