Tanzania edges close to finalise $42bn LNG deal
Tanzania expects to finalise agreements for its long-delayed $42 billion LNG export project in the coming months, Finance Minister Khamis Mussa Omar said, in the clearest signal yet that the country’s flagship energy development may be nearing completion.
Vietnam’s LNG-to-Power plans delayed
Plans to develop several LNG-fuelled power stations in Vietnam are facing delay, mostly due to affordability issues. Developers are also struggling with power-purchase agreement negotiations, land-clearance procedures and the high and volatile cost of imported LNG. Of 18 LNG power projects under government monitoring, only the Hiep Phuoc project is currently considered on track, while just two have begun construction.
Total, T&T target 2031 start-up for Vietnam LNG power project
TotalEnergies and Vietnam’s T&T Energy Group have agreed to establish a consortium to finance, build and operate the 1.5 GW Long Son LNG-fired power project in Ho Chi Minh City with a view to get the 1.5 GW plant into commercial operations by 2031.
Total wants to get $1.3bn loan repaid as it exits Arctic LNG 2
TotalEnergies has raised claims to get reimbursed approximately $1.3 billions for loans to Novatek’s Arctic LNG 2 project, as it completes its exits from the US-sanctioned Russian LNG project.
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.
New US tariffs on Canadian imports could raise LNG project costs
The collapse of US-Canada trade negotiations, followed by new US tariffs of up to 50% on a range of Canadian imports, could raise construction costs and make new Canadian LNG export projects harder to finance.
Canada’s Kino Aski LNG liaises with Marinvest on 15 mtpa project
Kino Aski, led by the Atikamekw Nation, has partnered with energy developer Marinvest Energy Canada to develop a 15 mtpa LNG project in Quebec, targeting European buyers. The project is still in the development phase, with technical studies, environmental assessments and consultations underway.
YPF files application to for $51bn Argentina LNG project
Argentina’s state-controlled YPF, together with partners Eni and XRG, has submitted an application to enrol the Argentina LNG project in the country’s Large Investment Incentive Regime (RIGI). The $51 billion project will export liquefied natural gas from the Vaca Muerta shale formation, with operations targeted to begin in 2031.
Cambodia plans to import first LNG in 2027
Cambodia is adhering to its plan to begin LNG imports in 2027, with the government’s timeline anchored by the 900 MW Botum Sakor LNG-fired power project. The plant’s first 450 MW unit is scheduled to start operation in April 2027, followed by a second unit in December.
JERA advances LNG-fuelled power project on Hawaii
JERA Americas is advancing an LNG-fuelled power project on Hawaii, developed at a cost of $1.5 billion for the 500 MW plant plus around $500 million for offshore LNG import terminal.
