LNG

Bangladesh has approved in principle a proposal by China National Energy Engineering & Construction Co (CNEE) to build and operate the country's third floating LNG import terminal, despite the Chinese company's regasification fee being substantially higher than those of existing terminals.

Egypt and Turkey are poised to dominate the next phase of Eastern Mediterranean gas development as competition shifts from control of reserves to infrastructure. Egypt’s Idku and Damietta plants are the region’s only large-scale LNG export facilities, with 12 mtpa capacity combined, while replicating them would cost competitors $6 billion-$10 billion and take nearly a decade, analysts estimate.

Saipem, in consortium with Jan De Nul, has signed a letter of intent worth 11 million Euros ($12.8m) with ExxonMobil for preliminary engineering, procurement and technical services for the offshore scope of Mozambique’s Rovuma LNG Phase 1, advancing the project towards FID before year-end.

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.

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.