LNG News Bulletin - November 5, 2024: Strategic Partnerships, New Supply Deals, and Market Forecasts
Black & Veatch and Baker Hughes Partner for Mid-Scale LNG Solutions
Black & Veatch has announced a collaboration with Baker Hughes to combine their respective technologies, introducing a mid-scale LNG solution that integrates Baker Hughes’ LM9000 turbine and Black & Veatch’s PRICO® liquefaction technology, aimed at enhancing flexibility and efficiency.
(Source: gasworld.com)
Senegal Expects First LNG Shipment from Greater Tortue Ahmeyim Project in Early 2025
Senegal anticipates receiving its first LNG shipment from BP’s Greater Tortue Ahmeyim project by the beginning of next year, marking a major milestone for Senegal’s energy sector.
(Source: bloomberg.com)
ADNOC Signs 15-Year LNG Supply Agreement with Germany’s SEFE
The Abu Dhabi National Oil Company (ADNOC) has entered a 15-year LNG supply deal with SEFE in Germany, scheduled to begin in 2028, strengthening the UAE’s role as a key supplier to Europe.
(Source: bloomberg.com)
Tanzania Nears Landmark Deal for $42 Billion LNG Project
Tanzania is reportedly close to finalizing negotiations on a $42 billion LNG project, expected to be a transformative development for the nation’s energy sector.
(Source: upstreamonline.com)
Overall Analysis
The November 5 news highlights significant strides in the global LNG market. The partnership between Black & Veatch and Baker Hughes reflects growing innovation in mid-scale LNG solutions. Senegal’s anticipated LNG shipment positions the country as a new LNG exporter, while ADNOC’s agreement with Germany’s SEFE underscores the UAE’s commitment to supplying LNG to Europe. Meanwhile, Tanzania’s prospective $42 billion LNG project represents a crucial development for the East African energy market.
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