LNG

Libya’s National Oil Corp (NOC) has hired a salvage company to control the drifting unmanned Russian LNGC, ’Arctic Metagaz’.

The abandoned vessel is drifting towards the Libyan coast in what local officials described as a growing environmental and safety threat.

An emergency response team—co-ordinated through Mellitah Oil & Gas in partnership with Italy’s Eni—is to take over the disabled and abandoned vessel, which was hit by an explosion about 179 nautical miles off Malta in what the Russians claimed was an Ukrainian-led drone strike.

QatarEnergy has confirmed that the damage to its Ras Laffan Industrial City caused by the recent missile strikes, will cost about $20 bill per year in lost revenue and to take up to five years to repair, impacting supply to markets in Europe and Asia, it said in a statement. 

In an effort to ease energy prices, US President Trump has granted a 60-day waiver of the Jones Act.

Woodside Energy’s Board has appointed Elizabeth (Liz) Westcott as CEO and Managing Director.

For the week ending 18^th March, 35 LNGCs sailed from US export terminals, a drop of one week-on-week.

Their LNG-carrying capacity was 134 bill cu ft, a rise of 1 bill from the previous week, according to data supplied to the US Energy Information Administration (EIA) by Bloomberg Finance.

Eight vessels departed from Sabine Pass, seven from Plaquemines, six from Corpus Christi, five from Freeport, four from Cameron, three from Calcasieu Pass, and two left Cove Point.

Eni has taken a final investment decisions (FIDs) for the Gendalo and Gandang gas project (South Hub) and for the Geng North and Gehem fields (North Hub), only 18 months after the approval of the projects of development (PODs).

In a tit-for-tat escalation of the conflict, Israel has attacked Iran’s giant South Pars gas field and in retaliation, Iran has badly damaged Qatar’s large LNG hub at Ras Laffan.

Brazilian oil and gas major, Petrobras has reported a new discovery of gas accumulation in the Copoazu-1 exploratory well, in the GUA-OFF-0 Block, located in deep waters off Colombia.

Gas Malaysia has announced that it has received a formal letter to proceed from the Malaysian Energy Commission (EC) for a large LNG  regasification terminal in Yan, Kedah.

Known as RGT Yan, this project is estimated to have a development cost of between RM2 bill and RM3 bill and will utilise an FSRU.

This development marks a shift for Gas Malaysia, as it moves towards large-scale upstream infrastructure to secure long-term gas supply for the peninsula.

Iran has increased attacks on other Gulf states’ oil installations in retaliation for the death of its security chief and other leading figures in the ruling administration.