LNG

Africa Energy Advisors (AFRY) has been chosen as technical advisor for the $2.69 billion, 1,500 MW integrated Thai Binh LNG-to-Power project in Hung Yen, Vietnam. Scope of works includes technical advisory services for offshore LNG receiving infrastructure and the combined-cycle power plant.

Brazil’s state oil company Petrobras is in negotiations with Singapore-based shipbuilder Seatrium on ways to liquefy and export gas produced in Brazil’s giant deepwater Atlantic pre-salt fields, catering to rising demand from gas-fired power generators across Asia in a tight market.

Sempra Infrastructure has opened the FERC pre‑filing process for Port Arthur LNG North, a four‑train, 27 mtpa expansion of its Texas export terminal that could start shipping LNG in late 2034, if approved by the US energy regulator and financing is secured.

Aug 28 – Front-End Engineering Design (FEED) has started for Live Oak, the large-scale electric Natural Gas (e-NG) project in Norfolk, Nebraska. Initiated by TotalEnergies and TES in 2023, Live Oak has since brought Osaka Gas, Toho Gas and ITOCHU into the consortium, as Japanese buyers seek to source e-NG in addition to LNG to improve their overall environmental footprint.

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.

China’s state-owned oil and gas company CNOOC sees potential for an energy cooperation with the US, and would consider investing alongside US partners in future projects, a senior executive said, as signs of a thaw in trade relations emerge.

European gas prices at the Dutch TTF may need to top €100/MWh to attract enough flexible US LNG cargoes to refill storages ahead of the winter, Goldman Sachs analysts said.

Gasunie has warned the Netherlands will not meet its 115 TWh gas storage target for this winter. Storage is currently just 44-45% full, the lowest since 2009, as utilities shy away from buying LNG at current high prices.

The US Court of Appeals has removed a major legal obstacle to Venture Global’s CP2 LNG export terminal in Louisiana, upholding the Federal Energy Regulatory Commission’s (FERC) approval of the $28 billion project and its associated CP Express pipeline.

Stalled US-Iran negotiations are manifesting LNG price premiums this autumn, with the average price for an October cargo delivered to Northeast Asia forecast at $22.50 per MMBtu. The geopolitical premium is firmly engrained in global LNG markets, fuelling a bullish sentiment in Asia where the price of delivered LNG increased by$0.85/MMBtu week-on-week to nearly$22.10/MMBtu.