Global FLNG capacity set to quadruple by 2035
Floating liquefied natural gas (FLNG) terminals gain traction with global capacity set to reach 42 mtpa by 2030, climbing to 55 mtpa by 2035 – almost four times the 14.1 mtpa recorded last year, research from Rystad Energy finds.
Presidential election unlikely to slow growth of US shale industry
Bickering between US Vice President Kamila Harris and former President Donald Trump in the run-up to the US election is not hampering the steady growth of the shale gas industry and LNG majors. Focus on profitability and shareholder returns – rather than production growth – means the industry is unlikely to be influenced by promises of support or potential regulations from either candidate.
Cost-overrun at German onshore LNG project at Brunsbüttel
Construction of an onshore LNG import terminal at Brunsbüttel is more expensive than expected, forcing Germany to support it with another €200 million in federal funding – on top of the €740 million initially committed. Broadcaster NDR reports total costs now surpass €1,5 billion, instead of €1.3 billion, with private investors having to shoulder most of the overrun.
