LNG exports from Cameroon are set to increase from 2022 as project partners Perenco, SNH and Golar agreed to up capacity utilisation at Golar’s Hilli Episeyo FLNG facility. Currently, at roughly 50pct, the vessel’s capacity utilisation would then increase to around 67pct. However, the current contract is due to expire in 2026, with Golar indicating it will be seeking a more lucrative replacement elsewhere.
The liquefied natural gas sector has for several years been developing cleaner processes such as carbon capture and hydro-sourced electric power for liquefaction and export projects under development around the world as other parts of the energy industry also now focus on technological advancements.
Mexico’s Sempra and partner IEnova took delivery of the country’s first carbon offset LNG cargo on Friday last week. The shipment was sold by BP and produced at Atlantic LNG on Trinidad. The delivery comes at a time of fast-declining LNG demand in Mexico amid rising US pipeline gas imports, but Sempra and IEnova intend to use carbon offset LNG to support renewed market growth in the country amid increasing awareness of climate governance.
Russia’s annual gas production is expected to expand by over 17 percent through 2024 to account for about one-third of incremental global gas supply, due to rising LNG and pipeline exports and the Middle East region’s natural gas output is set to rise 9 percent, led by Qatar.