Africa

Egyptian fertilizer plants shut down temporarily due to gas supply pressures

Gas supplies will gradually resume flowing as of Thursday to fertilizer factories in Egypt after several chemical and fertilizer companies shut down plants on a temporary basis.

Gas supply pressures temporarily shut down Egyptian fertilizer plants

Gas supplies will gradually resume flowing as of Thursday to fertilizer factories in Egypt after several chemical and fertilizer companies shut down plants on a temporary basis.

GTA LNG project reaches significant milestone with arrival of FPSO vessel

The FPSO vessel has arrived safely at the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, located offshore Mauritania and Senegal

Goldman Sachs: Global LNG market to grow by 50% by 2029

Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.

Morocco to tender for floating LNG terminal

Morocco plans to launch a tender this summer to build a floating liquefied natural gas (LNG) terminal in the northeastern Nador West Med port.

Congo Brazzaville becomes an LNG exporting country

After years of either declining or stable domestic natural gas production, the Republic of the Congo began exporting LNG for the first time when the first phase of a two-phase FLNG project began operating in February 2024.

Tecnimont, Baker Hughes awarded an EPC contract for Hassi R'mel (Algeria) gas gathering system upgrade

MAIRE announced that a consortium composed by its subsidiary Tecnimont Integrated E&C Solutions and Baker Hughes has been awarded by SONATRACH an EPC contract for the implementation of three gas boosting stations and the upgrading of the gathering system, located at the Hassi R’mel gas field, 550 km south of Algiers.

ADNOC to acquire 10% equity stake in major LNG development in Mozambique

ADNOC announced the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, entitling ADNOC to a share of the LNG production from the concession, which has a combined production capacity exceeding 25 MMtpy.

Shell says fire near Nigeria's Gbaran gas facility has been extinguished

Shell has confirmed a fire that broke out near its Gbaran Ubie gas facility in Nigeria's coastal Bayelsa state on Tuesday has been put out.

Shell investigates smoke near Gbaran oil facility in Nigeria

Shell is investigating reports of smoke early Tuesday near its Gbaran Ubie oil and gas facility in Nigeria's coastal Bayelsa state after residents reported hearing explosions and seeing smoke near the area.

Turkey signs LNG supply deal with ExxonMobil

Turkey's state pipeline company, BOTAS, and ExxonMobil signed an LNG supply agreement, as Turkey aims to diversify its energy sources.

Investments surge on strong demand outlook for LNG bunkering

Drewry projects more than 1,000 LNG-fueled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 MMtpy by 2028.

Air Products announces successful performance test of AP-DMR LNG process tech for Coral South FLNG

Air Products announced that its dual mixed-refrigerant LNG process technology (AP-DMR™) and equipment has successfully passed performance testing at the Coral South FLNG facility offshore Mozambique.

Naturgy: Gas supply contracts with Algeria unaffected by any shareholding change

Spanish energy firm Naturgy said that its gas supply contracts with Algeria do not include any clauses that would be affected by changes to its shareholding structure.

Nigeria's Tinubu to commission gas infrastructure to boost domestic use

Nigeria's President Bola Tinubu will commission two gas processors and a key pipeline as part of ongoing moves to utilize the country's vast gas reserves and end routine flaring.

ExxonMobil "optimistic and pushing forward" with Mozambique LNG project

ExxonMobil is "optimistic and pushing forward" with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision (FID) at the end of next year.

Axxela takes FID to develop a 50-MMft3d gas processing plant

Axxela Ltd., a leading gas and power portfolio company in Sub-Saharan Africa, has taken a final investment decision (FID) for the development of a gas processing plant situated in OML 56, Delta State, South-South Nigeria.

IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty

Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).

Steep discounts, new vessels spur demand for LNG to power ships

Demand for LNG to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said.

Russia's Gazprom ships first LNG cargo this year from Portovaya to Asia around Africa

Russia's Gazprom is shipping its first cargo of LNG to Asia this year from its Portovaya plant on the Baltic Sea, travelling around the southern tip of Africa in order to avoid the Red Sea.

Global Projects Data

4/16/2024

A quick look at total project numbers by region.

Shell sees significantly lower Q1 LNG trading results

Shell said it expects significantly lower results from its LNG trading business in the first quarter of 2024 compared with the previous three months.

Credit Agricole says it will not fund two major LNG projects

Credit Agricole said that it would not provide financing to two major LNG projects, citing commitments to refrain from new fossil fuel developments.

ExxonMobil ahead of schedule on doubling LNG portfolio, exec says

ExxonMobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 MMtpy by 2030 and will focus on selling its own gas rather than trading that of third parties.

LNG growth to be met by other countries if U.S. walks away -Baker Hughes CEO

If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, said the CEO of Baker Hughes, Lorenzo Simonelli.

Global LNG market will 'be tight' until 2026 - TotalEnergies CEO

The global LNG market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said at a conference in Houston.

Shell publishes Energy Transition Strategy 2024

Shell has published its first energy transition update since the launch of its Powering Progress strategy in 2021 and with this energy transition update, Shell is focusing on how the same strategy delivers “less emissions”.

Nigeria announces reforms to lure oil and gas investment

Nigeria will offer tax credits and streamline contracting processes for new oil and gas projects, the Information Minister said, in a move by Africa's top energy producer to attract much-needed investment.

Global Project Data

3/7/2024

A snapshot of the global gas processing and LNG project landscape.

Endesa's CEO upbeat about $585-MM Nigerian LNG contract arbitration

Endesa CEO Jose Bogas said he was optimistic about the outcome of a $585-MM arbitration case related to a price review of a long-term LNG supply contract in Nigeria.

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