Updated Sep 25, 2024
9/25/24
Nearly a dozen market participants announced a series of deals at Gastech 2024 in Houston last week, landing more than 5 million metric tons/year (mmty) of global LNG export and import capacity as supplies are forecast to grow through the end of the decade.
Subdued natural gas prices and lower European demand between April and June dinged Paris-based TotalEnergies SE during the second quarter.
Shell plc, a top natural gas producer in Trinidad and Tobago’s offshore, is building capacity after sanctioning the Manatee field, estimated to hold 2.7 Tcf.
Africa’s largest LNG exporter is moving forward with projects to boost liquefaction capacity and natural gas production with international partners.
More Asian buyers have turned to TotalEnergies SE and its massive LNG portfolio bolstered by flexible U.S. supply to meet medium- and long-term natural gas demand.
LNG remains a major driver for the U.S. natural gas industry and will play an even larger role for incremental demand.
Equinor ASA and its partners in Norway’s Troll field plan to invest more than $1.1 billion in the western part of the production area to sustain high levels of natural gas exports to Europe beyond 2030.
Abu Dhabi National Oil Co. (Adnoc) has invested in the first phase of Rio Grande LNG and secured offtake from a future expansion as it looks to boost its international natural gas portfolio.
Algeria’s Sonatrach has signed several agreements this year with foreign investors to help boost the state-owned company’s oil and natural gas output under a plan introduced last year.
The European Commission (EC) this week is considering a ban on transshipments or re-exports of Russian LNG through European Union (EU) ports as part of Brussels’ latest sanctions package.