LNG

Australian oil and gas producer, Woodside Energy has given notice exercising its right to pre-empt the sale of PetroChina International Investment (Australia) (CNPC) 10.67% participating interest in the Browse joint venture (BJV) to a subsidiary of INPEX Corp.

Following the final investment decision (FID) taken on Caturus’ Commonwealth LNG export facility, the company has revealed that 20 international financial institutions participated in the 9.5 mill tonnes per annum project.

Early adoption of carbon capture and storage systems (CCS) on board ship will be concentrated in shipping sectors whose layouts and energy profiles most readily accommodate the equipment.

Japan has announced plans to revive its LNGC construction sector by 2035 and pursue technological co-operation with South Korea.

In partnership with JGC and Samsung Heavy Industries (SHI), French engineering group, Technip Energies, was awarded an engineering, procurement, construction, installation & commissioning (EPCIC) contract by Mozambique Rovuma Venture (MRV) for the ‘Coral Norte’ FLNG project.

Traditionally viewed as rapid-deployment units, in recent years, FSRUs have evolved into long-term strategic infrastructure.

Norway's ECOnnect Energy has signed an contract with Sociedad Portuaria Puerto Bahía, a majority-owned subsidiary of Canada's Frontera Energy Corp, to deliver a patented IQuay F-Class jetty less transfer system for the fast-tracked LNG import terminal in Cartagena Bay, Colombia.

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China emerges as source of flexibility for suspended Qatari LNG, which creates a shortfall and undermines a three-year consensus that a wave of new capacity would tip the market into oversupply before 2030.

Prolonged price volatility in LNG markets is upending sales and purchase agreements (SPAs) as traders sound alarm over JCC/Henry Hub swings eroding fixed-price economics. “As US LNG exports surge to dent Asian demand and bridge the gap in Qatari supply, contracts must harden or fail,” analysts noted.