In a significant move for the global energy sector, the Abu Dhabi National Oil Company (ADNOC) has finalised a long-term Heads of Agreement with Japan’s Osaka Gas for the supply of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). This deal represents ADNOC’s inaugural long-term LNG agreement with Osaka […]
In a pivotal development for the global LNG market, Mexico Pacific has signed a third long-term Sales and Purchase Agreement (SPA) with ExxonMobil LNG Asia Pacific (EMLAP) for an additional 1.2 million tonnes per annum (MTPA) of Liquefied Natural Gas (LNG) from Train 3 of its Saguaro Energia project. This project, situated on the west […]
Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) have announced a pivotal agreement to supply key equipment for Phase 1 of the Driftwood LNG project. The deal includes the delivery of eight main refrigerant compression packages, featuring LM6000PF+ gas turbines, main refrigerant compressors, and control units. This significant partnership strengthens Driftwood’s ability to […]
BP has inked its third long-term liquefied natural gas (LNG) offtake contract with the Woodfibre LNG facility based in British Columbia, Canada. The deal secures 0.45 million tonnes of LNG per year (mtpa) for a 15-year term, now committing all of Woodfibre’s LNG production to BP. The agreement brings BP’s total firm offtake from the […]
Berkshire Hathaway Energy has officially closed its $3.3 billion purchase of Dominion Energy’s 50% limited partnership stake in Cove Point LNG, LP, escalating its total ownership to an imposing 75%. Announced back on July 10, 2023, and finalized on September 1, 2023, the ownership stake is now strategically held within BHE GT&S, LLC, a specialized […]
British oil and gas giant BP and Austrian energy company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of liquefied natural gas (LNG) annually over a 10-year period, beginning in 2026. Under this agreement, BP will supply OMV with LNG from its extensive and […]
Marking a substantial stride towards a more sustainable future, Tata Steel becomes the first Indian enterprise to adopt LNG (Liquefied Natural Gas) as fuel for its bulk carrier, supplanting the conventional VLSFO (Very Low Sulphur Fuel Oil). This initiative signifies a new era in sustainable shipping practices in India and a remarkable progression in the […]
ADNOC Gas, an integrated gas processing company, has signed a 14-year supply agreement with Indian Oil Corporation Ltd (IOCL) for the annual export of up to 1.2 million metric tonnes of liquefied natural gas (LNG) to India. Valued between $7 billion and $9 billion over its 14-year term, the deal underscores a significant advancement in […]
McDermott has landed a substantial contract from Qatargas Operating Company Limited for the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project, known as COMP1. The project represents a critical component of the NFPS Offshore Compression Project, which involves installing new assets, including compression complexes, in seven locations within Qatar’s North […]
Centrica and Delfin Midstream have announced the signing of a long-term sale and purchase agreement (SPA) for the delivery of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG). The agreement, valued at $8 billion, will span 15 years and operate on a Free on Board (FOB) basis at the Delfin Deepwater Port, […]