Rovuma LNG partners award $1.1bn in contracts to accelerate FID
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.
Alaska LNG hands equipment contract to Baker Hughes
US developer Glenfarne has selected Baker Hughes to supply refrigerant compressors for the Alaska LNG terminal and power generation equipment for the North Slope gas treatment plant. Baker Hughes also pledged a “strategic investment” in the project.
Baker Hughes wins Bechtel contract for Port Arthur LNG expansion
Baker Hughes has secured a contract from Bechtel Energy to supply liquefaction equipment for Phase 2 of Sempra’s Port Arthur LNG project in Jefferson County, Texas. The new equipment supports a nameplate capacity of 13 mtpa.
Soaring construction costs jeopardise US gas power projects
The price of building gas-fired power plants in the US has risen to $2,200–$2,500 per kilowatt of capacity, raising doubt about projects economics and freeing up more feedgas for LNG exports. At the Energy Finance Conference in San Diego, panellists warned that building a modern combined-cycle gas power plant now requires hundreds of millions in upfront investment – notably $25 million deposits to secure key equipment.
