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TotalEnergies exits Arctic LNG 2 TotalEnergies has confirmed that the transfer of its 10% interest in Arctic LNG 2 to NOVATEK subsidiary, NordLine, has been completed. The French energy major is therefore no longer a shareholder in Arctic LNG 2, it stressed. As part of the transfer agreement, TotalEnergies said that it retained its rights to be reimbursed by Arctic LNG 2 for its share of the loans provided by the shareholders to the project, totalling around $1.3 bill. Such reimbursement might be implemented in the future subject to applicable sanctions, the company added. Wison in FLNG collaboration agreement Wison New Energies has signed a collaboration agreement to integrate Shell’s dual mixed refrigerant (DMR) liquefaction technology into its FLNG designs. Previously deployed only in Shell-equity projects, for the first time, the technology will now be available to the wider FLNG market. Shell’s DMR technology is an established solution for floating and onshore LNG facilities. It combines efficiency, compactness and flexibility to deliver tailored carbon intensity outcomes with the ability to scale across different project sizes, Wison claimed. This makes it especially well-suited for the evolving FLNG market, where cost competitiveness and space efficiency are critical. Shell Catalysts & Technologies will support Wison throughout the integration of the DMR liquefaction technology, including the pre FEED, FEED and EPC phases of FLNG projects. Sempra initiates new LNG project Sempra Infrastructure has started the US FERC pre filing process for Port Arthur LNG North. This project is a four train, 27 mill tonnes per annum expansion of its Texas export terminal that could start shipping LNG in late 2034, if approved by the US energy regulator and finance is secured. The pre filing request initiates the regulator’s environmental, engineering and stakeholder review. However, before the expansion proceeds, Sempra still needs to secure more long-term offtake agreements to underpin debt financing. Port Arthur LNG is already developing Phase 1 and Phase 2, with a combined nameplate capacity of about 26 mill tonnes per annum. Banks rally round Argentina LNG JP Morgan and Santander are to raise funds for Argentina LNG, Bloomberg reported, citing unnamed sources. According to the sources, the total could reach $15 bill. Bloomberg was also told that the companies involved in the project aimed to make a final investment decision (FID) by November. Argentina LNG is a partnership between Italy’s Eni, Argentinian state energy major YPF, and Emirati finance house XRG. It is to be built on Argentina’s Atlantic coast and have an annual LNG production capacity of 12 mill tonnes, potentially ramping up to 18 mill tonnes, according to the companies involved. The project has a total price tag of $24 bill and will include, besides two floating liquefaction trains, two cross-country pipelines and a plant for the production of natural gas liquids. It will source gas from the Vaca Muerta shale play, which has the world’s second-largest technically recoverable shale gas resources after the US’ Marcellus fields. Russia ups LNG production Russia posted year-on-year growth in both LNG and total gas production for the January/July 2026, according to national statistics agency Rosstat. The country's LNG output rose 12% to 20.6 mill tonnes during the period. This followed a drop in the previous year, when Russia's full-year LNG output fell 3.6% to 32.9 mill tonnes. Meanwhile, Russia's combined production of natural gas and associated petroleum gas increased by 3.7% y-o-y to 397 bill cu m in the first seven months of this year. |
