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Traders, Utilities Stashing More LNG at Sea, Further Tightening Shipping Market as Winter Nears

Traders, Utilities Stashing More LNG at Sea, Further Tightening Shipping Market as Winter Nears

The prospect of large winter price premiums and the challenge of infrastructure bottlenecks are driving traders and utilities to stash LNG volumes at sea, ballooning the levels of floating gas in storage to a two-year high and sustaining lofty charter rates. Daily floating storage levels reached 1.5 million tons (Mt) of liquefied natural gas stored…

September 15, 2022
Devon Considering Stake in Delfin, Tentative LNG Offtake Deal

Devon Considering Stake in Delfin, Tentative LNG Offtake Deal

Delfin Midstream Inc. has landed another potential offtaker for its Gulf Coast LNG project with Devon Energy Corp., as the Permian Basin-weighted independent seeks international exposure for its Lower 48 natural gas. Devon could have up to 2 million metric tons/year of offtake capacity and an undisclosed future stake in Delfin under a tentative heads…

September 6, 2022
New Fortress Aiming for Lakach Natural Gas Production Offshore Mexico by End-2023

New Fortress Aiming for Lakach Natural Gas Production Offshore Mexico by End-2023

New Fortress Energy Inc. (NFE) is targeting first natural gas production from the Lakach deepwater field offshore Mexico by the end of 2023, according to CEO Wes Edens. NFE management held a conference call on Thursday to update investors on a series of commercial agreements reached with Mexico’s state-owned energy giants, Petróleos Mexicanos (Pemex) and…

July 6, 2022
Mexico Touts Multi-Billion Dollar Public-Private Natural Gas Projects

Mexico Touts Multi-Billion Dollar Public-Private Natural Gas Projects

Amid a global energy crunch, Mexico is set to go all in on natural gas with numerous public-private projects announced over the past week. Speaking at the launch of the Olmeca refinery in Dos Bocas, Comisión Federal de Electricidad (CRE) head Manuel Bartlett said the utility would partner with the local subsidiary of Canada’s TC…

July 5, 2022
New Fortress Renews $766M LNG Project for Ireland with ‘Future-Proofed’ Hydrogen Option

New Fortress Renews $766M LNG Project for Ireland with ‘Future-Proofed’ Hydrogen Option

U.S. liquefied natural gas (LNG) developer New Fortress Energy Inc. is reviving plans to build a $766 million import terminal in Ireland, this time with a “future-proofed” design that would allow it to transition to hydrogen gas in the coming years. A spokesperson for New Fortress said last week the company plans to file a…

September 1, 2021
Technip Energies, KBR See Liquids Production, Savings Give Boost to FLNG

Technip Energies, KBR See Liquids Production, Savings Give Boost to FLNG

Floating liquefied natural gas (FLNG) projects could offer a cost-competitive alternative to offshore venting and flaring as operators increasingly take aim at their carbon footprints, industry experts said at the Offshore Technology Conference in Houston this week. Around 30% of offshore associated gas is flared globally, said Technip Energies SE’s Jean-Philippe Dimbour, director of business…

August 19, 2021
Delfin Close to Landing Supply Deal for Delayed U.S. Offshore LNG Export Terminal

Delfin Close to Landing Supply Deal for Delayed U.S. Offshore LNG Export Terminal

Delfin Midstream has filed another request with FERC for more time to build onshore metering, compression and pipeline facilities in Cameron Parish, LA, for its planned floating liquefied natural gas (FLNG) export project offshore. Delfin wants until Sept. 28, 2022 to complete the onshore facilities. It is the company’s third extension request. If built, it…

July 3, 2021
New Fortress Energy Unveils Plans for FLNG, Southeast Asia Projects

New Fortress Energy Unveils Plans for FLNG, Southeast Asia Projects

New York City-based New Fortress Energy LLC (NFE) continues to pursue rapid growth in underserved natural gas markets across the world, announcing plans to enter the offshore liquefaction space and build an import terminal in Southeast Asia.  The company, which is focused on delivering liquefied natural gas (LNG) to markets that lack access to the…

March 19, 2021
LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply

LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply

Editor’s Note: The following segment is one in a series by NGI’s LNG Insight focused on exploring how the global liquefied natural gas (LNG) market works. The conversations in this series will also analyze news and the issues that matter most to the industry in North America and beyond.

June 11, 2020

Natural Gas Discovery Offshore Mauritania Further Confirmed, Says BP

A recent three-well drilling campaign offshore Mauritania and Senegal has further established the extent of the world-class scale of the natural gas resources that could help feed an innovative floating liquefied natural gas (FLNG) project.

December 17, 2019
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