In this issue

 

Free ReadMcDermott International, the US energy and LNG engineering company, has successfully completed the sail away of the Tyra East gas processing module for the Tyra Redevelopment Project, a crucial part…
LNG News Editor:  China Petroleum & Chemical Corp., known as Sinopec, and an importer of liquefied natural gas cargoes from Queensland in Australia and from the US and Qatar, reported…
BW Offshore is making progress on the Barossa natural gas floating production, storage and offloading (FPSO) project for the Timor Sea as part of plans to prolong the lifespan of the…
Free ReadThe leading Western subsea oil and gas field services companies Schlumberger, Aker Solutions and Subsea 7 plan to join forces to form a separate joint venture to deliver a step…
LNG News Editor:  US natural gas storage design capacity was down in 2021, primarily driven by reductions in the Pacific region of almost 12 percent as energy market changes including…
LNG News Editor:  The US Department of Energy published its latest LNG monthly export data with European nations and Argentina leading the destinations list with Spain surpassing China in cargo…
LNG News Editor:  Indian imports of liquefied natural gas dropped by 2.7 percent in July, the 11th straight monthly decline, as LNG prices have increased in the spot market and…
Free ReadJapanese liquefied natural gas imports declined last month by 0.4 percent after three successive increases and year-on-year costs more than doubled as volumes increased from Asia and Australia. Shipments of…
Chinese liquefied natural gas imports in July 2022 to its network of 22 regasification terminals declined significantly on a year-on-year basis amid an economic slowdown while shipments from Russia have…
LNG News Editor:  An LNG tanker, the 162,000 cubic metres “Adam LNG”, was hit by a bulk carrier while at anchor off Gibraltar’s Europa Point, and there were no injuries…
Free ReadZIM Integrated Shipping Services, the Israeli containership company listed on the New York Stock Exchange, has signed a liquefied natural gas bunkering accord valued at $1 billion with UK-based energy…
Occidental joins with Eni and TotalEnergies for associated gas plan for the Berkine Basin 
LNG News Editor:  Cheniere Energy, the largest US LNG exporter from its six-Train Sabine Pass plant in Louisiana and its three-Train facility at Corpus Christi in Texas with expansion plans,…
Free ReadConocoPhillips, the US major with expanding liquefied natural gas volumes, has signed an accord for long-term offtake and a 30 percent equity stake in Sempra Infrastructure’s proposed Port Arthur LNG…

News Nudges

Drilling for peace

TotalEnergies said that as a result of the maritime boundary agreement between Israel and Lebanon, the French major would start exploration activities with Italian partner Eni of an already identified prospect in Block 9 of the new pipeline gas and LNG area of the East Mediterranean. The Block 9 partners said they would initiate the exploration which might extend Block 9 into Israeli waters, south of the recently established Maritime Border Line. The companies said preparations for exploration activities will start with the purchase of required equipment and the procurement of a drilling rig.


Australian exports

The 10 Australian LNG plants exported 7.13 million tonnes of LNG in October, or around 104 cargoes, down slightly from the 7.21MT lifted in September but at record prices, according to estimates by Adelaide-based consultants EnergyQuest. The firm estimated that Australian LNG export revenues increased significantly in October to a new record of A$10.6 billion (US$7.2Bln), up from a previous record A$10.2Bln in September 2022 and up by 82 percent on October 2021.


Peruvian LNG deal

HAM Group of Spain, a European leader in LNG and compressed natural gas filling stations for trucks and cars, has acquired a 40 percent stake in Peruvian company Limagas Movilidad, a developer of service stations in Peru. With this acquisition, HAM said it was reinforcing its presence in Peru, the only LNG producer and exporter in South America since Argentina ceased liquefaction activities.