Flng

German utility RWE AG has secured another LNG supply source in an agreement with Abu Dhabi National Oil Company (ADNOC) that could bring additional cargoes to Germany’s developing import terminals as soon as December. RWE and the United Arab Emirates’ (UAE) state-owned ADNOC agreed to a multi-year supply contract for liquefied natural gas starting in…

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…

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…

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…

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…

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…

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…

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…

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…