Permitting of Venture Global’s contentious 20 mtpa Calcasieu Pass 2 LNG export venture – as well as almost a dozen of other projects – is on hold due to President Joe Biden’s executive order to temporarily pause approvals to export LNG to countries that the US does not have a Free Trade Agreement with (non-FTA). Greater scrutiny is now being placed on how LNG affects climate change, causing an outcry from the industry; our Markets Editor Anja Karl has more.
Following a slump during the summer of 2023, the recent resumption of LNG exports represents a welcome bright spark after the Hamas attacks in October, but Egypt’s LNG prospects are far from out of the woods, our Markets Editor Alexander Wilk reports.
Our preliminary January data showed a notable LNG trade decrease globally. Meanwhile, demand saw a net increase on account of a few select demand centres, our Market Editor Alexander Wilk reports.
An innovative solution to install offshore liquefaction and regasification facilities in areas that regularly experience harsh weather is gaining traction. Technology Editor Ian Cochran has more
In the realm of LNGC operations, managing spare parts, particularly high-pressure packings, is a critical task demanding foresight and precision.
LNG is frequently cited as a solution in providing cleaner and more sustainable fuel but the reality for many operators is that switching fuel is prohibitively expensive. Typically, a switch to LNG has meant major investment in new vessels or costly and difficult retrofitting but a range of new innovations now aim to simplify the construction process for shipbuilders, broadening the pathways for firms seeking to transition to LNG. Fuelling Editor Malcolm Ramsay has more.
AES Corp. of the US has closed sell-downs of minority stakes in its liquefied natural gas and power businesses in the Dominican Republic and its AES Colón business in Panama for proceeds of $338 million.