LNG News Bulletin - November 8, 2024: Strategic Partnerships, Expansion Projects, and Regulatory Developments
NFE Seeks Buyers and Partners to Boost Mexican LNG Export Value
New Fortress Energy (NFE) is on the lookout for buyers and strategic partners to enhance the value of its Mexican LNG export facilities and South American import infrastructure, aiming to leverage assets for growth in the energy sector.
(Source: naturalgasintel.com)
Angola LNG Considers $12 Billion Expansion Amid Gas Supply Increase
Angola LNG is planning an expansion with a new processing unit as gas supplies rise, supported by Chevron and the Eni-BP partnership’s New Gas Consortium project.
(Source: oilprice.com)
ADNOC Signs First SPA for Low-Carbon LNG at Ruwais Plant
ADNOC has secured its first sales and purchase agreement (SPA) for low-carbon LNG with SEFE, marking a step forward for its Ruwais LNG plant and expanding the UAE’s role in low-emission LNG supply.
(Source: offshore-energy.biz)
Toyo Engineering to Build Third Jetty at LNG Receiving Terminal in India
Petronet LNG has commissioned Toyo Engineering India to construct topside facilities for the third jetty at its LNG receiving terminal in Dahej, Gujarat, further strengthening India’s LNG infrastructure.
(Source: lngindustry.com)
Four New LNG Carriers Named for QatarEnergy’s Expanding Fleet
QatarEnergy has inaugurated four new LNG vessels at South Korean shipyards, built by Samsung Heavy Industries (SHI) and Hanwha Ocean, enhancing Qatar’s LNG export capacity.
(Source: offshore-energy.biz)
Overall Analysis
The November 8 news highlights the ongoing expansion and diversification within the LNG industry. NFE’s pursuit of buyers and partners to maximize the value of its LNG assets in Mexico reflects strategic growth. Angola’s LNG expansion plans indicate an increase in gas supplies and investments in Africa. The UAE’s ADNOC, India’s Petronet, and QatarEnergy continue to enhance their LNG infrastructures, underscoring the global momentum toward increased LNG capacity and low-carbon energy solutions.
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