LNG News Bulletin - December 2, 2024: Expansion Projects, Long-Term Deals, and Rising LNG Demand
Golden Triangle Storage Expands to Meet LNG Demand
Golden Triangle Storage has launched a 14 Bcf expansion project to address the growing LNG demand on the Gulf Coast. This initiative will double capacity over the next three years, solidifying its role in the region's energy infrastructure.
(Source: naturalgasintel.com)
Russia’s LNG Exports Up 5% YTD
Russia's LNG exports have increased by 5% from January to November, with Novatek's Yamal complex leading the charge with a nearly 7% boost.
(Source: naturalgasworld.com)
QatarEnergy and Shell Sign LNG Deal with China
QatarEnergy and Shell have entered a long-term agreement to supply 3 million tonnes of LNG annually to China starting January 2025, reflecting China’s growing market demand.
(Source: gasworld.com)
Argentina’s LNG Export Ambitions Take Shape
Argentina's YPF has joined forces with Golar LNG and Pan American Energy to co-develop a floating LNG project, aiming to establish Argentina as a key LNG exporter.
(Source: offshore-energy.biz)
Overall Analysis
Today's headlines highlight a rapidly evolving LNG landscape. From record-high global exports to significant infrastructure expansions, the LNG market is poised for growth. Long-term deals with China underline Asia's rising demand, while countries like Argentina seek to establish themselves as key players in LNG exports.
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