French oil major Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed the Gas Supply Agreement and the Host Government Agreement for the development of an LNG import floating terminal in Benin.
Japan could lose its pole position as the world’s top LNG importer to China as early as 2022, according to a new report by energy consultancy Wood Mackenzie. By then, LNG imports in Japan are expected to decline 12% to 72.8 mmtpa compared to 2018, while China’s import volume rises 37.5% to 74.1 mmtpa.
US Chevron and partner, Woodside Petroleum, is under discussions for approval to modify its plans for the Kitimat LNG export facility on Canada’s Pacific Coast to an all-electric design. Both partners aim to reduce GHG emissions. The project is proposing to become an all-electric plant powered by hydroelectricity, allowing expanded capacity without the corresponding increase in emissions of a traditional LNG facility.
According to a Banchero Costa report, China is on the path of surpassing Japan this year as the world’s top importer of LNG. In 2018, China retained its position as the second largest importer, globally, of the commodity after Japan, surpassing South Korea in 2017.
CREG, the Belgian Federal energy Regulator, approved the tariff and LNG Services Agreement proposals for unloading slots and additional storage services at the Zeebrugge LNG terminal; Thus terminal operator Fluxys LNG is able to finalise new long-term contracts for the facility up to 2044.
According to Gasnor, part of Royal Dutch Shell, Hurtigruten agreed on a long-term supply-deal for its ships. Therefore, Gasnor is to supply the company’s vessels along the Norwegian coast with LNG until 2030. Hurtigruten is planned to begin upgrading six of its vessels from this winter to run on a combination of LNG, battery packs and liquid biogas, replacing the older engines which run on marine gas oil.
PETRONAS announced that PETRONAS Floating LNG Satu (PFLNG Satu) at the Kebabangan cluster field, conducted its first LNG drop by its floating LNG facility. The facility is located 910 kilometres offshore Sabah. The first LNG delivery is scheduled for June, 2019.
In a joint statement in Washington D.C., President Juncker and President Trump agreed to strengthen EU-U.S. strategic cooperation with respect to energy. Both of the parties acknowledged the benefits of expanded exports of U.S. liquefied natural gas (LNG) to the EU gas market.
The American Petroleum Institute (API) and the International Association of Oil & Gas Producers (IOGP) issued a position paper at the first EU-U.S. Energy Council Business-to-Business Energy Forum on encouraging large-scale U.S. LNG exports to the EU’s gas market.
Being approximately 1.500 miles from Moscow, the small port of Sabetta is now the site of Russia’s most ambitious liquefied natural gas project, operated by a company that only entered the market just over a year ago, as Bloomberg reports.
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