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Shell withdraws from LNG export plant project
March 31, 2020
Source: Reuters

Shell withdraws from LNG export plant project

In the wake of the crash in energy prices, oil supermajor Shell Plc has withdrawn from a major U.S. liquefied natural gas (LNG) export plant under development. The move quickly followed Shell's partner, Energy Transfer postponing its final decision on whether to move forward with the project to next year. Analysts have forecasted a number of under-development projects not moving into execution mode due to sinking energy demand.

Pertamina inks agreement with PLN to supply LNG
Feb. 27, 2020

Pertamina inks agreement with PLN to supply LNG

Indonesian state electricity company, PLN has inked an initial deal to purchase 167 BBTU of gas per day from PT Pertamina for 20 years. The deal comes as PLN reduces the use of diesel fuel. Energy major, Pertamina will provide LNG to PLN's power plants with a combined capacity of 1,870 megawatt, across 52 sites within two years.

NV5 lands a $34 million EPC contract
Feb. 11, 2020
Source: Oil and Gas 360

NV5 lands a $34 million EPC contract

Florida-based engineering and consulting solutions provider, NV5 Global Inc. has announced the award of a $34 million EPC contract for the liquefaction system upgrade at an LNG facility. The project will bring in a new liquefier to substitute an older system for increasing the capacity and improving reliability, safety, and ease of operation. The project is slated for completion in approximately 18 months.

Petronet to sign $2.5 bln gas deal
Feb. 3, 2020

Petronet to sign $2.5 bln gas deal

According to the sources, Petronet LNG and Tellurian Inc, US, are planning to sign a $2.5 billion deal. The deal will be finalized during US President Trump's maiden visit to New Delhi later this month. Petronet will invest for five years in the Driftwood LNG export project in Louisiana. A preliminary non-binding deal was signed by the two companies in September last year.

Trelleborg acquires Signum
Jan. 16, 2020

Trelleborg acquires Signum

Engineered polymer solutions provider, Trelleborg has concluded the acquisition of Signum Technology Ltd and its subsidiary companies Gall Thomson, KLAW LNG, KLAW Products, and Vee Bee Filtration. The acquisition move will add Signum's safety-critical solutions, including Marine Breakaway Couplings (MBCs) and safety solutions for LNG transfer systems, to Trelleborg’s product portfolio. Signum's acquisition is in line with Trelleborg’s strategy to fortify its position as a system provider.

Angola forms consortium for $2 bn LNG project
Nov. 7, 2019

Angola forms consortium for $2 bn LNG project

Angola’s national oil, gas and biofuels agency ANGP has informed about forming a consortium with five international oil companies including Eni and Chevron. The consortium will work on developing liquefied natural gas (LNG) for the Soyo plant. With an initial cost of $2 billion, the project is anticipated to begin production by 2022, an ANGP spokesman said.

Woodside might delay Browse Gas project
Oct. 17, 2019

Woodside might delay Browse Gas project

Woodside will delay the final approval date for its mega Browse gas project. Also, the company has decided to bring in the plans to sign off on its smaller Scarborough project. Woodside is focusing on the final investment decision on the $20.5 billion Browse project in the first half of 2021. In early 2020, it will sign off on the $11 billion Scarborough gas project and Pluto LNG expansion.

Exxon and IOC collaborate to expand LNG business in India
Oct. 15, 2019

Exxon and IOC collaborate to expand LNG business in India

Energy giant ExxonMobil has signed a memorandum of understanding (MoU) with Indian downstream major Indian Oil Corporation (IOC). The companies have decided to collaborate in order to expand liquefied natural gas (LNG) initiatives in India. “This initiative focuses on exploring new models of delivering cost-effective natural gas in India where it is most needed to complement traditional pipelines”, said ExxonMobil.

Petronet not in the favour of $2.5-bn US LNG deal
Sept. 24, 2019

Petronet not in the favour of $2.5-bn US LNG deal

Petronet's board disapproved $2.5-bn US LNG deal in April-May, revealed the board post a formal agreement between India and US. This decision was taken looking at the changing global gas market dynamics. According to the officials, currently, the deal with Tellurian is "far from closed and will require negotiations". The word in the market is that the deal will only go through if the government would push for it.

Vitol and H-Line sign a long-term contract
Sept. 20, 2019
Source: LNG Industry

Vitol and H-Line sign a long-term contract

Vitol signed a contract with H-Line and agreed on the execution of a 10-year time charter agreement with a latest LNG carrier. It is a 174 000 m3 vessel which has XDF propulsion and is due for delivery in late 2021. Vitol's LNG head said, "This allows us to optimise our LNG portfolio that includes increasing FOB volumes from different areas that we are actively marketing to our global clients”.

H-Energy signs PSA with Kakinada Seaports
Sept. 10, 2019

H-Energy signs PSA with Kakinada Seaports

H-Energy has entered into a port service agreement (PSA) with Kakinada Seaports (KSPL). The company will develop a liquefied natural gas (LNG) regasification and reloading terminal at Kakinada port in Andhra Pradesh. The company has entered into this agreement through its wholly-owned subsidiary, East Coast Concessions (ECPL). LNG hub will be developed by the company keeping in mind the needs of domestic customers in Andhra Pradesh.

Arctic LNG 2 project receives greenlight by the shareholders
Sept. 6, 2019
Source: World Oil

Arctic LNG 2 project receives greenlight by the shareholders

Total, Novatek and other shareholders of the project have given an agreement on the final investment decision for Arctic LNG 2. This project is a major LNG development on the Gydan peninsula, Russia. The production capacity of the project is expected to be 19.8 MM tons per year. Total has 10% interest in Arctic LNG 2, Novatek 60%, CNOOC 10%, CNPC 10% and a Mitsui-Jogmec consortium, Japan Arctic LNG 10%.

Russia and India plan $30 billion of annual trade by 2025
Sept. 5, 2019

Russia and India plan $30 billion of annual trade by 2025

Amidst a row of energy deals to strengthen the economic ties between the nations, India and Russia eye at $30 billion of annual trade by 2025. India aims at increasing the proportion of gas in its energy mix to 15% in the near future. "We are looking at investing in additional oilfields in Russia ... we are also looking at sourcing LNG", said India's Foreign secretary.

BHGE lands Louisiana LNG Project
Aug. 21, 2019
Source: Rigzone

BHGE lands Louisiana LNG Project

Oilfield services giant, BHGE yesterday informed about winning a contract and receiving a notice to proceed on Venture Global LNG’s Calcasieu Pass Project in Louisiana. Under the contract, the Houston-based firm will provide the LNG liquefaction train system (LTS), power island system and field support services. The Calcasieu Pass LTS, projected to have a total nameplate capacity of 10 million tonnes per annum (mtpa).

Total signs 15-year agreement with Benin
July 25, 2019
Source: World Oil

Total signs 15-year agreement with Benin

Gas Supply Agreement and the Host Government Agreement have been signed by Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE). Under the agreement, LNG import floating terminal will be developed and Total will supply up to 0.5 Mtpa of regasified LNG to Benin for 15 years, starting in 2021. Benin's Energy minister has congratulated Total for its willingness to support the revitalization of its energy sector.

GAIL hires LNG ship from Mitsui
July 24, 2019

GAIL hires LNG ship from Mitsui

India's state-owned GAIL in its recent report has announced about hiring a newly-built LNG ship from Japan's Mitsui OSK Lines. The ship will be used for transporting gas from nations like the US. GAIL is planning to charter hire additional vessels. The company has also informed about its recent long-term LNG contract with USA and Russia.

Canada signs its first binding supply agreement with China
July 19, 2019

Canada signs its first binding supply agreement with China

Canada has signed its first binding supply agreement with China. A small-scale Canadian liquefied natural gas (LNG) plant, FortisBC has joined hands with Top Speed Energy Corp and will supply 53,000 tonnes from its Tilbury facility for two years. Though this deal is small, the nation expects much larger deals with operators of bigger new terminals.

McDermott and Cameron LNG announce an agreement
July 6, 2019
Source: World Oil

McDermott and Cameron LNG announce an agreement

McDermott and its JV member Chiyoda have reached an agreement with Cameron LNG. This is regarding the construction of McDermott's LNG liquefaction project in Louisiana. Senior Group VP said, "In the last few months, the joint venture project team has made tremendous progress, including first liquid and first cargo from Train 1". In the first and second quarter of 2020, initial production is expected from Trains 2 and 3.

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