LNG & LPG

French Total pays $3.9 billion for Anadarko’s Mozambique LNG interest

September 30, 2019 | Asset Acquisitions & Divestitures, LNG & LPG, Mozambique

Paris, France |  – French multinational integrated oil and gas company Total S.A has closed the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $ 3.9 billion. This closing comes after Total reached a binding agreement with Occidental on May 3, 2019, to acquire Anadarko’s assets in Africa (Mozambique, Algeria, Ghana and South Africa) and signed the subsequent Purchase and Sale Agreement on August 3, 2019. This first transaction follows receipt of all requisite approvals by the …

Shell targets 600 MMcf/day gas output from new Nigerian projects

May 14, 2019 | Company Operations, LNG & LPG, Nigeria

Lagos, Nigeria |  — The Shell Petroleum Development Company of Nigeria  (SPDC), a subsidiary of Royal Dutch Shell  aims to produce 600 MMcf/day of natural gas from fields in south eastern region of  to bolster energy supply in the oil-rich West African country, the company said late Monday. Development of the Assa North and Ohaji South gas projects in Imo state will generate energy equivalent of about 2,400 MW, enough to provide uninterrupted electricity to about 2.4 million homes, according to Shell. “The projects would be …

Shell moves ahead with £23bn Canada LNG project

October 05, 2018 | Budget & Investment, LNG & LPG, United States & Canada

London, UK | –  Two of Royal Dutch Shell’s Asian partners in a liquefied natural gas venture in western Canada approved their share of the investment, pushing the multibillion-dollar development one step closer to a final approval. The board of PetroChina, the nation’s largest oil and gas company, approved its $3.46 billion share of the LNG Canada project, the company said in a filing to the Hong Kong stock exchange Friday. Korea Gas Corporation made a similar announcement in Seoul about its stake. All the …

Qatar signals LNG price war for market share in Asia

July 05, 2017 | LNG & LPG, Middle East

London, UK | – Qatar, the world’s biggest seller of liquefied natural gas, plan to boost liquefied natural gas (LNG) output by 30 percent is the opening shot in a price war for customers in Asia pitting the Gulf state against competitors from the United States, Russia and Australia. Qatar, facing regional isolation in a diplomatic dispute with its Gulf neighbours, took energy markets by surprise on Tuesday when it said it would raise its LNG production to 100 million tonnes per year – equivalent …

Italy’s Eni signs LNG deal in Mozambique, raising hopes of gas boom

June 02, 2017 | Company Operations, LNG & LPG, Mozambique

London, UK | – Italian multinational energy company Eni signed an $8-billion deal on Thursday to develop a gasfield off the coast of Mozambique, the first of a series of projects that could transform the poor African nation into a major energy supplier to Asia. Developing the Coral South field, discovered in May 2012 and operated by Eni, requires building six subsea wells connected to a floating facility capable of producing about 3.4-million tonnes of liquefied natural gas (LNG) per year, Eni said. The project would cost $8-billion and LNG exports were expected to start in 2022, Eni said. “The Coral South Project will deliver a reliable source …

Russia’s Rosneft receives $15.6million for its first ever LNG supply to Egypt

August 15, 2016 | Egypt, LNG & LPG

The gas was delivered by the Golar Ice tanker to the port of Ain Sukhna Moscow, Russia | –  Russian Federation  state-owned oil company Rosneft has received 1 billion rubles ($15.6 million) for its first ever supply of liquefied natural gas (LNG) to Egypt under the contract with Egyptian Natural Gas, the company said in a report. “In May 2016, the company delivered its first lot of LNG under the contract with the Egyptian Natural Gas Holding Company signed in August 2015. The lot’s volume …

Ghana and Quantum Power sign $500m deal to build Tema LNG project

February 14, 2016 | Ghana, LNG & LPG

London, UK | – Ghana National Petroleum (GNPC) has signed heads of terms with Quantum Power, the pan-African energy infrastructure investment platform, for the construction of the liquefied natural gas (LNG) storage, regasification and delivery facilities at Tema, Ghana. The Tema LNG project is designed to have capacity to receive, store, re-gasify and deliver about 3.40 million tons of LNG per year, equivalent to 500 million standard cubic feet of gas per day. Additionally, the project comprises a floating storage and regasification unit (FSRU) moored …

Total’s withdrawal from Brass LNG won’t hamper FID – Kachikwu

December 22, 2015 | LNG & LPG, Nigeria

Abuja, Nigeria | – The Nigerian Minister of State for Petroleum and Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu has said that the planned withdrawal of the French oil giant, Total, from the Brass Liquefied Natural Project (LNG) will not hamper the signing of the Final Investment Decision (FID) for the multi-billion dollar project, local Nigerian ThisDay newspapers reports. He acknowledged that the FID for Brass LNG was a struggle because Total had served other shareholders a notice of planned …