Floating

A roundup of news and commentary from NGI’s LNG Insight

Uncertainty continues to mount across the global natural gas market with key buyers from Europe to South Asia sidelined by measures to slow the coronavirus, raising questions about how suppliers across the world will respond to the possibility of an extended downturn in demand as inventories fill.

Uncertainty continues to mount across the global natural gas market with key buyers from Europe to South Asia sidelined by measures to slow the coronavirus, raising questions about how suppliers across the world will respond to the possibility of an extended downturn in demand as inventories fill.

Bedlam reigned in the global natural gas market on Thursday as more force majeures were issued, cargoes appeared to have nowhere to go, and prices continued spiraling because of widespread measures to stem the coronavirus outbreak.

A first-of-its-kind U.S. natural gas export project offshore Louisiana is gaining more financial wherewithal after Golar LNG Ltd. agreed to jointly participate with Delfin Midstream.

The draft environmental impact statement (DEIS) for the floating natural gas liquefaction and export terminal proposed for the Gulf of Mexico (GOM) by Delfin LNG LLC is available for comment.

ExxonMobil Corp. and BHP Billiton are partnering to build the world’s largest floating liquefied natural gas (FLNG) processing and export plant off Australia’s northwest coast.

Brazil’s Petroleo Brasilerio SA, better known as Petrobras, has ramped up production from a well connected to the first floating production, storage and offloading (FPSO) vessel platform in the Gulf of Mexico (GOM).

Royal Dutch Shell plc will use its floating liquefied natural gas (FLNG) technology to develop its Prelude and Concerto gas discoveries in the Browse Basin off the northwest coast of Western Australia, the company said last week.