Eni started the gas introduction into Tango FLNG facility, Republic of Congo

Eni announces the introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters.

Gas introduction has been achieved in record time– only twelve months after the final investment decision. This is a key milestone for the Congo LNG project, which encompasses the adoption of new technologies and a strong synergy with existing producing assets. Following completion of the commissioning phase, Tango FLNG will produce its first LNG cargo by the first quarter of 2024, placing the Republic of Congo on the list of LNG-producing countries.

The Tango FLNG facility has a liquefaction capacity of about 1 billion cubic meters per year (BCMA) and is moored alongside the Excalibur Floating Storage Unit (FSU), using an innovative configuration called "split mooring," implemented here for the first time in a floating LNG terminal.

Congo LNG will enhance the gas resources of the Marine XII permit and achieve approximately 4.5 BCMA of plateau gas liquefaction capacity through phased development and with a target of zero routine gas flaring. A second FLNG facility with a capacity of about 3.5 BCMA is currently under construction and will begin production in 2025. The entire volume of LNG produced will be marketed by Eni.

Gastrade’s FSRU “ALEXANDROUPOLIS” arrived in Greece

Today, December 17th, 2023, the “ALEXANDROUPOLIS” entered the waters of the Thracian Sea of Greece. The floating, storage, and regasification unit “FSRU” sailed away from Singapore anchorage on November 26th and started her journey to her new home in Alexandroupolis, Greece after completing an almost 10-month conversion at the Seatrium shipyard. The FSRU’s arrival at its permanent berth largely marks the completion of construction of this flagship National and regional Project.

In the following days, the FSRU will be anchored through a spread 12-point mooring system. The FSRU will then be connected to the high-pressure subsea and onshore gas transmission pipeline, which, once operational, will deliver natural gas to the Greek Transmission System (“NNGTS”) and onwards to the final consumers in Greece, Bulgaria, Romania, North Macedonia, Serbia and further to Moldova and Ukraine to the East and Hungary and Slovakia to the West. The Terminal, upon completion of all testing activities, is planned to be commercially operational in the first quarter of 2024 and will have a maximum sustainable regasification capacity of 5.5 billion cubic meters a year.

The FSRU was named “ALEXANDROUPOLIS” in honor of the municipality and its citizens that embraced the Project from the beginning and will host the FSRU permanently in the Thracian Sea.

“Today, with the arrival of the first specially converted LNG Carrier of Gastrade, is for all of us an exceptional day”, highlights the Chairperson of the Board of Directors of the Company and Founding Shareholder Ms. Elmina Copelouzou.

“A day that signals the realization of the Floating Regasification Unit and paves the way to the commencement of the Alexandroupolis LNG project. A milestone for this borderland city which is set to become an energy hub for the entire Southeastern Europe” continues Ms. Copelouzou.

“Many contributed to reach this point today. We would like however to thank particularly the people and the authorities of Alexandroupolis who stood by us throughout these years. As a minimum recognition of their support, we named our FSRU “Alexandroupolis” ”.

“From my side, I would like to dedicate this day to my father, Dimitris Copelouzos, who can visualise now such an important project, that he envisioned and set on track 15 years ago, reaching the final stretch of its materialisation”, concludes Ms. Copelouzou.

“For Alexandroupolis, it is a major project that will boost the local economy and employment, but above all, it will redefine the city’s coordinates on the world map as a critical hub for the energy security of the entire Central and SE Europe” said the Managing Director of Gastrade Kostis Sifnaios. “At the same time, the Project will establish yet another important pillar of National Security for Thrace, since it is part of the international and European strategy for diversification and independence of energy sources and transport routes from the historical monopolies. For our country, it is a big step in consolidating and upgrading its leadership role in the wider northern region and demonstrates how energy can become a tool for prosperity, peace, and solidarity” adds Mr. Sifnaios.

The arrival of the FSRU “ALEXANDROUPOLIS” highlights a key milestone for the Project, for Greece, and for the wider region of Southeastern and Central Europe. The Terminal will be a new entry-point for natural gas, fostering regional cooperation, and enhancing security of supply. “This significant milestone has been achieved due to the cooperation and expertise of all the partners involved in the Project, the strong local support in Alexandroupolis and in Greece, and undoubtedly, the tenacious and hard work of the Gastrade team” concludes Mr. Sifnaios.

CIMC SOE wins regasification module order

Nantong CIMC Sinopacific Offshore & Engineering Co.,LTD.(hereinafter referred to as “CIME SOE”) held a regasification module signing ceremony with Wartsila in Qidong.

Miss Solveig, general manager of Wartsila Bil-gas & LNG、Frank Larsen, project manager of LNG Croatia、Marcin Cieslak, technical lead of LNG Croatia、 Miss Ingvild, project manager of CRD、 Zhu Jiajun, sales manager of Wartsila, Gao Wenbao, vice president of CIMC Enric and general manager of CIMC SOE, Shang Jinyan, Jiang Weifeng, assistant general manager and the main person in charge of the project attended the signing ceremony.

Witnessed by representatives of both sides, Gao Wenbao, vice president of CIMC Enric and general manager of CIMC SOE signed the contract of the regasification module construction with project manager Frank Larsen of Wartsila on site.

It is reported that the module is an extension of the regasification capability for LNG Croatia project, installed in front of the regasification module of the former FSRU. The whole structure is stainless steel, there are ultra-high pressure pipes and plated plastic pipes, and the module construction precision is very high. The project team planned in advance, predicted the difficulties of the project, made the corresponding plan display, and won the high recognition of customers.

After the signing ceremony, Gao Wenbao expressed his sincere gratitude to Wartsila for its trust, and said that it will use the existing experience of the CRSB project to complete the project and deliver it on time with a responsible attitude and high-quality and efficient professionalism on behalf of the company, and look forward to more cooperation opportunities in the future.

CIMC SOE, as a pioneer in domestic module construction, has successfully delivered more than 80 modules of various types such as regasification modules, FPU upper modules, electrical modules and deck house modules, including the first LNG regasification module in Asia. Among them, the global market share of LNG regasification module ranks first, and it has successfully completed the research and development project of similar major equipment localization of the Ministry of Industry and Information Technology.

The signing of this project is the new regasification module contract signed after CIMC SOE has obtained several sets of regasification module projects, which fully proves the outstanding design and construction capability in the field of oil and gas modules of CIMC SOE, and can provide customers with various gas treatment solutions such as reliquefaction and regasfication, which is of great significance for the company to do better and expand the module market. It is believed that both sides will strive for excellence in the cooperation of expanding module projects and take it to a higher level.

Woodside and Mexico Pacific sign LNG supply agreement

Woodside has signed a sales and purchase agreement (SPA) with Mexico Pacific Limited (Mexico Pacific) to purchase 1.3 million tonnes per annum (Mtpa), equivalent to approximately 18 cargoes per year, of liquefied natural gas (LNG) for 20 years. 

LNG is expected to play a critical role in the energy transition and long-term demand is anticipated to remain strong. This agreement is consistent with Woodside’s strategic objective of building global scale and flexibility in its LNG portfolio. 

Woodside CEO Meg O’Neill said, “As we deliver on our strategy, we aim to complement Woodside’s produced LNG supply with third parties’ volumes, giving us greater scale and portfolio flexibility to serve our customers, while optimising our LNG trading activities. 

“This agreement with Mexico Pacific delivers a new source of LNG into our trading portfolio, expands our geographic diversification in the Pacific Basin and builds on our presence in Mexico. 

“Mexico Pacific’s Saguaro Energia LNG Project is located on the Pacific coast of Mexico, providing proximity to key markets in Asia.” 

Under the SPA, Woodside will purchase the LNG from the Saguaro Energia LNG Project, located in Puerto Libertad, Sonora, Mexico on a free-on-board basis with pricing linked to US gas indices. 

The SPA is subject to Mexico Pacific taking a final investment decision (FID) on the proposed third train at the Saguaro Energia LNG Project. The FID is expected in the first half of 2024 and commercial operations are targeted to commence in 2029. 

“We are delighted to welcome Woodside, one of the most established global LNG market participants, as a foundation customer of Train 3, further validating the value of west coast Mexican LNG,” said Sarah Bairstow, President of Mexico Pacific. “We look forward to continuing our collaborative relationship with Woodside to bring additional supply online to address critical energy security and energy transition needs.

Snam finalises the purchase of the 5 billion cubic metres floating regasification unit (FRSU) to be located in Ravenna from BW LNG

Following the signing on 6 July 2022, Snam and BW LNG have finalised the acquisition by Snam Group of 100% of the share capital of FSRU I Limited, which owns the Floating, Storage and Regasification Unit (FSRU) "BW Singapore", for a total consideration of approximately 400 million dollars (around 367 million euros).

The BW Singapore can operate both as an LNG carrier and as an FSRU. The ship was built in 2015 and has a storage capacity of about 170,000 cubic metres of liquefied natural gas and a regasification capacity of about 5 billion cubic metres per year.

To maximise its regasification capacity, the FSRU will be located off the coast of Ravenna, around 8 kilometres away from the Punta Marina area. The FSRU is expected to start operations in 2025, after concluding the related permitting and regulatory process and finalizing the necessary works for mooring and connecting it to the transportation network, which have already started.

Snam CEO Stefano Venier said: 

"By finalising the BW Singapore acquisition, Snam takes another important step towards ensuring energy security and diversification of Italy's energy supplies, in a challenging and constantly evolving global context. Together with the Golar Tundra, which started its operations in Piombino in July 2023, the two FSRUs will increase the country's total regasification capacity from the current 25% to around 40% of the overall natural gas demand”.



BW LNG CEO Yngvil Åsheim said: 

“We are delighted to collaborate with Snam to strengthen Italy’s energy security and diversify Europe’s gas infrastructure through the FSRU BW Singapore. We are also pleased to support Snam with all ship management and modification works necessary for allowing the vessel to start operations in Italian waters. At BW LNG, we are committed to the development of floating LNG infrastructure solutions, as the world moves towards a low carbon society and countries look for sustainable, affordable, and reliable energy.”

In the coming months, Snam will also start activities for contracting the LNG regasification capacity that will gradually become available with the FSRU operations start, expected in 2025.

Cheniere Announces Long-Term Integrated Production Marketing Agreement with ARC Resources

Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) and Cheniere Energy Partners, LP (“Cheniere Partners”) (NYSE American: CQP) announced today that Sabine Pass Liquefaction Stage V, LLC (“SPL Stage 5”) has entered into a long-term Integrated Production Marketing (“IPM”) gas supply agreement with ARC Resources U.S. Corp. (“ARC Resources”), a subsidiary of ARC Resources Ltd. (TSX: ARX), a leading natural gas producer in Canada.

Under the IPM agreement, ARC Resources has agreed to sell 140,000 MMBtu per day of natural gas to SPL Stage 5 for a term of 15 years, commencing with commercial operations of the first train (“Train 7”) of the Sabine Pass Liquefaction Expansion Project (“SPL Expansion Project”). SPL Stage 5 will pay ARC Resources an LNG-linked price for its gas, based upon the Dutch Title Transfer Facility (“TTF”) price, after deductions for a fixed regasification fee, fixed LNG shipping costs and a fixed liquefaction fee. The IPM agreement is subject to, among other things, a positive Final Investment Decision with respect to Train 7. The LNG associated with this gas supply, approximately 0.85 million tonnes per annum (“mtpa”), will be marketed by Cheniere Marketing International LLP (“Cheniere Marketing”, a subsidiary of Cheniere).

“This is the second long-term IPM agreement between Cheniere and ARC Resources, and further progresses the commercialization of the SPL Expansion Project. This agreement will enable Cheniere to deliver increased quantities of Canadian natural gas to Europe, where energy security has never been more important,” said Jack Fusco, Cheniere’s President and CEO. “We are pleased to build upon our existing long-term relationship with ARC Resources, and further demonstrate Cheniere’s ability to construct innovative solutions that help meet the needs of customers and counterparties along the LNG value chain while delivering value to our stakeholders.”

“Canadian natural gas can play a critical role in helping to meet growing global energy demand,” said Terry Anderson, President and Chief Executive Officer, ARC Resources. “Through this agreement, we are advancing our LNG strategy and delivering low-cost, low-emission natural gas to consuming regions in Europe – the first long-term arrangement of its kind for a Canadian producer. We are pleased to further our long-term partnership with Cheniere and bring more responsibly produced Canadian energy to the world.”

In addition to the IPM agreement announced today, Cheniere Marketing has entered into an LNG sale and purchase agreement (“SPA”) with OMV Gas Marketing and Trading GMBH (“OMV”), a wholly-owned subsidiary of OMV AG. Under the SPA, Cheniere Marketing will supply OMV with up to 12 LNG cargoes per year, or approximately 0.85 mtpa of LNG, at a TTF-linked price commencing in late 2029. The LNG will be sold to OMV on a delivered ex-ship (“DES”) basis at the Gate LNG Terminal in the Netherlands where OMV holds regasification capacity.

The SPL Expansion Project is being developed with a production capacity of up to approximately 20 mtpa of total LNG capacity, inclusive of estimated debottlenecking opportunities. In May 2023, certain subsidiaries of Cheniere Partners entered the pre-filing review process with respect to the SPL Expansion Project with the Federal Energy Regulatory Commission under the National Environmental Policy Act.

Mexico Pacific Awards Sierra Madre Pipeline EPC Contract to GDI SICIM PIPELINES and BONATTI

Mexico Pacific, GDI Sicim Pipelines and Bonatti announced today they have executed the Engineering, Procurement, and Construction (“EPC”) contract for the Sierra Madre pipeline project. The 500-mile Sierra Madre pipeline will be utilized as the primary natural gas supply path for the transportation of up to 2.8 Bcf/d natural gas from the U.S. border to the first phase of Mexico Pacific’s 15 million tonne per annum (“MTPA”) Saguaro Energia liquefied natural gas (“LNG”) export facility located in Puerto Libertad, Sonora, Mexico.

Under the lump-sum-turnkey EPC contracts, the GDI Sicim Pipelines and Bonatti joint venture will engineer, procure and construct the Sierra Madre pipeline with Bonatti’s scope extending to the required compressor stations.

“We are pleased to be partnering with GDI Sicim Pipelines and Bonatti. A team of best-in-class international pipeline contractors with proven track records of pipeline execution and delivery in Mexico” said Ivan Van der Walt, Chief Executive Officer of Mexico Pacific. “Execution of our pipeline EPC contracts represents yet another important inflection point for our project as we prepare to move into construction. We look forward to working with GDI Sicim Pipelines and Bonatti in delivering a project that will bring transformational value to Mexico and critically needed cleaner energy supply to global markets.”

“GDI Sicim Pipelines is very pleased to participate in this project and being part of this team. We are committed to the successful execution of the Sierra Madre Pipeline Project and will provide the best of our resources and experience to achieve this goal.”

“Bonatti is extremely proud to be part of this flagship project and to keep contributing to the development of Mexico’s energy infrastructure. We are committed to delivering this challenging project together with our partners.”

About Mexico Pacific
Mexico Pacific’s anchor project, the 15 MTPA Saguaro Energia LNG Facility, is the most advanced LNG development project on the West Coast of North America. The Saguaro Energia LNG Facility achieves significant cost and logistical advantages resulting in the lowest landed price of North American LNG into Asia by, leveraging low-cost natural gas sourced from the nearby Permian Basin, and a significantly shorter shipping route avoiding Panama Canal transit risk for Asian markets.

Seatrium Delivers Greece’s First FSRU

Seatrium Limited (Seatrium, or the Group), today announced the successful delivery of the Floating Storage and Regasification Unit (FSRU) Alexandroupolis, which has completed its near shore testing works and set sail to Greece for final gas commissioning of the regasification system. 

The project was successfully delivered to GAS-fifteen Ltd, a wholly-owned subsidiary of GasLog LNG Services with a high safety standard, achieving a remarkable feat of 2.9 million man-hours without any recordable injury and loss-time incident. 

Mr Chris Ong, CEO of Seatrium said, "We are pleased to support Gaslog and contribute towards Greece’s energy future with the delivery of the first FSRU for the country through the Alexandroupolis Independent Natural Gas System (INGS) project. This project marks a significant milestone for Seatrium, affirming our position as a global player with industry-leading engineering expertise in the gas value chain. We look forward to delivering more of such innovative solutions to meet our clients' evolving needs." 

As the first FSRU for Greece, the INGS project will become a critical energy gateway, supporting its energy security while advancing the energy transition trajectory of Southeastern Europe. Seatrium’s scope of work for this project includes refurbishment and life extension works, engineering and procurement, fabrication, and installation of a new regasification skid, as well as supporting systems such as boilers, offloading, electrical and automation systems. 

When completed, FSRU Alexandroupolis will be deployed in waters some 17 kilometres southwest of the Port of Alexandroupolis, Northern Greece, and will have an overall delivery capacity of approximately 5.5 billion cubic metres (cbm) per year, with a peak send out of 22 million cubic metres per day. The 155,000-cbm LNG carrier, recently reflagged to the Hellenic Register, is the first FSRU conversion under the Greek Flag for operation in the Thracian Sea. The FSRU will eventually be owned and managed by GASTRADE S.A, a consortium of key players in the wider region’s energy market, and will supply the markets of Southeastern European with natural gas. 

Seatrium is committed to driving cleaner and more sustainable solutions for the offshore, marine and energy industries. The Group supports the decarbonisation efforts of its customers through the construction, conversion and retrofit of energy-efficient vessels. Compared to a newbuild FSRU, a converted FSRU has a smaller carbon footprint, is more cost-effective, and is faster-to-market. 

Seatrium has an extensive track record in the conversion of vessels. In addition to converting the world’s first FSRU in 2008, Seatrium converted the world’s First Floating Production Storage and Offloading vessel (FPSO) in 1981, and the world’s first floating liquefaction vessel (FLNG) in 2017.

First Gen awards contract to Trafigura Pte Ltd for an LNG cargo following a successful tender

Please be advised that First Gen Corporation (FGEN) concluded its international tender for an LNG cargo by awarding a contract to Trafigura Pte Ltd (Trafigura). Trafigura will supply one (1) LNG cargo of approximately 154,500 m3 (subject to an operational tolerance of +/- 3%) within the required delivery window of November 25 to December 25, 2023, on a Delivered Ex Ship (DES) basis to FGEN’s wholly-owned subsidiary, First Gen Singapore Pte. Ltd (FGEN Singapore). 

The LNG cargo to be provided by Trafigura will be delivered by an LNG carrier which will be unloaded into the storage tanks of the BW Batangas FSRU that is currently berthed at the First Gen Clean Energy Complex (FGCEC) in Batangas City. The LNG will be utilized by FGEN’s existing gas-fired power plants also located in the FGCEC. 

FGEN has a portfolio of four (4) existing gas-fired power plants with a combined capacity of 2,017 MW that have been supplied for many years with gas from the Malampaya field, an indigenous offshore gas field. FGEN LNG Corporation has constructed its Interim Offshore LNG Terminal Project and executed a 5-year Time Charter Party for the charter of the BW Batangas, which will provide LNG storage and regasification services as part of the project. The FGEN LNG Terminal will accelerate the ability to introduce LNG to the Philippines, to serve the natural gas requirements of existing and future gas-fired power plants of third parties and FGEN’s affiliates. FGEN believes the FGEN LNG Terminal will play a critical role in ensuring the energy security of the Luzon Grid and the Philippines.

Cheniere and Foran Energy Group Sign Long-Term LNG Sale and Purchase Agreement

Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Foran Energy Group Co. Ltd. (“Foran”).

Under the SPA, Foran has agreed to purchase approximately 0.9 million tonnes per annum (“mtpa”) of LNG for 20 years from Cheniere Marketing on a free-on-board (“FOB”) basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee. Deliveries will commence upon the start of commercial operations of the second train (“Train Eight”) of the Sabine Pass Liquefaction Expansion Project (“SPL Expansion Project”) in Louisiana and are subject to, among other things, a positive Final Investment Decision with respect to Train Eight.

“We are pleased to build upon our existing long-term relationship with Foran, one of the fastest growing natural gas companies in China, with the signing of our second 20-year SPA that secures increased LNG volumes for Foran for the long term,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “This 20-year SPA further supports China’s commitment to growing natural gas as a primary energy source and provides Foran with a flexible and reliable LNG solution for its operations. The SPA is also expected to support the SPL Expansion Project, and represents the first contract signed in connection with the project’s second train.”

The SPL Expansion Project is being developed for up to approximately 20 mtpa of LNG capacity. In May 2023, certain subsidiaries of Cheniere Energy Partners, L.P. (NYSE American: CQP) entered the pre-filing review process with respect to the SPL Expansion Project with the Federal Energy Regulatory Commission.

Snam and the Municipality of Ravenna join forces to present projects on the territory and their economic and employment implications

Snam, the leading European operator in the transport, storage, and regasification of natural gas committed to energy transition, and the Municipality of Ravenna today presented the company's projects in the area through a press conference in the municipal council chamber.

The Mayor of the city, Michele de Pascale, CEO Stefano Venier, and Snam's Chief Operating Officer Massimo Derchi introduced the company's activities in the area, focusing on the connection works to the national gas network to enable the link with the FSRU BW Singapore, the second regasification terminal purchased by Snam, expected to be operational by the end of 2024. This ship will provide the country with an additional 5 billion cubic meters of gas, in addition to those already supplied by the FSRU Golar Tundra, operational in Piombino since July 2023.

On this occasion, the agreement regarding the compensatory works related to Snam's responsibility for all activities connected to the positioning and connection of FSRU BW Singapore was signed. These works will enable the Municipality to carry out significant interventions in various areas, from urban regeneration to sustainable mobility, from reforestation to energy saving, with a total commitment of 10 million euros. At the peak of activities, more than 1,200 people will be employed, involving over 100 suppliers from the province of Ravenna and the Emilia Romagna Region, with contracts assigned to local companies in the Ravenna area amounting to over 300 million euros.

All project information is available on the website https://fsruitalia.it/.

During the conference, Snam also provided an update on the progress of the works for the first Carbon Capture and Storage (CCS) project, which will make the Ravenna hub one of the world's largest sites for CO₂ storage and the largest in the Mediterranean. The works for the first phase have reached a progress of 60%, and the first CO₂ molecules are expected to be injected in the early months of 2024.

Cedar LNG Executes Heads of Agreement with Samsung Heavy Industries, Black & Veatch

The Haisla Nation and Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA), partners in the development of the proposed Cedar LNG Project (“Cedar LNG” or the “Project”), are pleased to announce the signing of a heads of agreement (“HOA”) with Samsung Heavy Industries (“SHI”) and Black & Veatch.

The HOA provides Cedar LNG, on an exclusive basis with SHI and Black & Veatch, secure access to shipyard capacity to meet Cedar LNG’s target commercial operations date. The parties expect to finalize a lump sum engineering, procurement, and construction agreement in December of this year.

“This exclusive relationship with SHI and Black & Veatch to lock in shipyard capacity for the construction of the Cedar LNG FLNG vessel is a major step forward for our project,” said Doug Arnell, Cedar LNG Chief Executive Officer. “Through this agreement we are accessing world class expertise in the construction and delivery of floating LNG production vessels, which, together with renewable power from the BC Hydro grid, will result in an environmentally leading, state-of-the-art facility for Cedar LNG, with one of the lowest carbon footprints in the world.”

This agreement builds further momentum for the Project and follows receipt of all major regulatory approvals and the signing of memorandums of understanding for long-term liquefaction services with investment grade counterparties for the Project’s total LNG capacity.

Target Final Investment Decision (FID) continues to be by the end of 2023, however, given the complexity and sequencing of aligning the multiple work streams, which are required to facilitate Project financing, FID may move into early 2024.

Excelerate Energy and Petrobangla Sign Long-Term LNG Sale and Purchase Agreement

Excelerate Energy, Inc. (NYSE: EE) (Excelerate or the Company) today announced that it has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla). Under the SPA, Petrobangla has agreed to purchase 0.85 to 1.0 million tonnes per annum (MTPA) of LNG from Excelerate for a term of 15 years beginning January 2026. Excelerate will deliver 0.85 MTPA of LNG in 2026 and 2027 and 1 MTPA from 2028 to 2040.

“Bangladesh is one of the most dynamic LNG markets in the world, and Excelerate has been a key player since the country began importing LNG. Natural gas is important to Bangladesh’s economy, and we look forward to partnering with Petrobangla to help the country meet its rapidly growing energy needs,” said Steven Kobos, President and Chief Executive Officer of Excelerate. “Long-term LNG offtake agreements like this SPA are an essential part of our integrated growth strategy. Our ability to secure long-term SPAs is expected to result in ratable economic uplift on our existing infrastructure and meaningful value creation for our shareholders.”

This long-term SPA represents the next phase of Excelerate’s plan to integrate its business in Bangladesh. Excelerate first opened the Bangladesh market to LNG in 2018 with the development of its integrated Moheshkhali LNG floating storage and regasification unit (FSRU) terminal. In the years since, the Company deployed a second FSRU terminal to the Bay of Bengal and has utilized its infrastructure position to win spot LNG cargos sales into Bangladesh. Today, Excelerate's two FSRUs in Bangladesh deliver approximately 25% of the country’s natural gas supply.

New Fortress Energy Signs FSRU Charter to Start Operations of LNG Import Terminal in Santa Catarina, Brazil in January 2024

New Fortress Energy Inc. (NASDAQ: NFE) announced that it has executed a definitive agreement to charter the Floating Storage and Regasification Unit (“FSRU”) Energos Winter from Petrobras starting in December 2023. The FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (“TGS”), NFE’s newest LNG import terminal in Santa Catarina, Brazil which will start commercial operations ahead of schedule in January 2024.

“We are extremely pleased to reach this agreement with Petrobras and begin operations at the TGS terminal in Santa Catarina, Brazil ahead of schedule in January 2024. The TGS terminal is a unique, high-growth opportunity for NFE, as connection to the pipeline system in south Brazil offers a diverse and near-term set of opportunities across power and gas supply," said Andrew Dete, Managing Director of New Fortress Energy.

The Energos Winter will be sub-chartered by NFE through the remaining term of the Petrobras charter with Energos infrastructure and then direct-chartered by NFE on a long-term basis with Energos. This will enable NFE to commence commercial operations at TGS in January 2024 and continue uninterrupted service on a long-term basis. Energos Infrastructure, the owner of the Energos Winter, is owned 80% by funds managed by Apollo and 20% by NFE.

The transactions described in this press release are subject to customary terms and conditions.

Eni signs agreement to ensure further volumes of LNG from Indonesia

Eni have signed a 0.8 billion cubic meters (bcm) LNG sales and purchase agreement with Merakes LNG Sellers, starting from January 2024 for 3 years, in addition to the contract with Jangkrik LNG Sellers for 1.4 billion cubic meters per year, in place since 2017.

Thanks to these new volumes, Eni can ensure greater flexibility and further diversification of its LNG supplies, while strengthening its presence in growing markets such as South Asia and the Far East.

This contract - together with the long-term contract recently signed with the Marine XII JV in Congo for LNG volumes of approximately 4.5 bcm, and the contract with QatarEnergy LNG NFE (5) for up to 1.5 bcm of LNG from the North Field East project - contributes to the buildup of Eni's LNG portfolio by leveraging strong relationships with the countries of operation. Eni’s integrated approach – that builds on the upstream developments to the LNG marketing – is in line with the company’s energy transition strategy, which aims to progressively increase the share of gas in overall upstream production to 60% by 2030, while also increasing the contribution of equity LNG. Eni aims to more than double its contracted LNG volumes to over 18 million tonnes per year (MTPA) by 2026, leveraging integration between upstream and gas marketing activities.

Eni has been operating in Indonesia since 2001 across exploration, development, and production. The recent announcement of the Geng North discovery, along with the acquisition of Chevron’s assets and the envisaged fast-tracking of Indonesia Deepwater Development (IDD), significantly reinforce Eni presence in Indonesia's Kutei basin, close to the existing Bontang LNG facilities, and confirm the strong relationship with a country that continues to play a strategic role in Eni’s LNG portfolio.

Qatarenergy, Shell Sign 27-Year LNG Supply Agreements for up to 3.5 Mtpa to The Netherlands

Affiliates of QatarEnergy and Shell signed two long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of LNG from Qatar to the Netherlands.
Pursuant to the SPAs, the LNG will be delivered to Gate LNG terminal located in the port of Rotterdam starting in 2026 for a term of 27 years. 

The LNG volumes will be sourced from the two joint ventures between QatarEnergy and Shell that hold interests in Qatar’s North Field East (NFE) and North field South (NFS) expansion projects.

The SPAs were signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and Mr. Wael Sawan, the CEO of Shell, at a special event held in Doha in the presence of senior executives from both companies.

Commenting on this occasion, His Excellency Minister Al-Kaabi said: “We are delighted to sign these two long-term LNG sale and purchase agreements with Shell that will further enhance our decades-long relationship and strategic partnership in Qatar and around the world. There is no doubt that the contracted LNG volumes underscore the vital role natural gas plays in the energy transition and in supporting energy security of customers across the globe.”

His Excellency Minister Al-Kaabi added: “These agreements reaffirm Qatar’s commitment to help meeting Europe’s energy demands and bolstering its energy security with a source known for its superior economic and environmental qualities. We look forward to work closely with our partner, Shell, in delivering on this shared endeavor.”

Shell’s partnership in the North Field LNG Expansion Projects is made up of a 6.25% share in the 32 MTPA NFE project and a 9.375% share in the 16 MTPA NFS project.

Eni signs long term LNG agreement for deliveries from North Field East expansion project in Qatar

Eni has signed a long-term contract with QatarEnergy LNG NFE (5), the JV between Eni and QatarEnergy for the development of the North Field East (NFE) project in Qatar, for the delivery of up to 1.5 billion cubic meters per annum (bcma) of LNG. The available volumes will be delivered at the receiving terminal “FSRU Italia”, currently located in Piombino, Italy, with expected deliveries starting from 2026 with a duration of 27 years.

The LNG volumes produced by the NFE project will increase Qatar’s LNG production by 45 bcm in addition to the current 108 bcm. The LNG supply contract will contribute to Italy's security of supply through the diversification of its supply sources. Eni is already importing in Europe 2.9 bcma from Qatar since 2007 under a long term supply agreement.

This agreement strengthens the partnership between Eni and QatarEnergy, and it is a further step in the development of Eni’s integrated global LNG portfolio.

The participation in the NFE project and the LNG contract are in line with Eni's transition strategy, which aims to progressively increase the role of gas in Eni's upstream production, reaching 60% by 2030, and increasing the contribution of equity LNG, leveraging integration between upstream and gas marketing activities.

Eni celebrates sail away of the Tango FLNG and Excalibur FSU vessels to Congo

In the presence of Bruno Jean Richard Itoua, Minister of Hydrocarbons of the Republic of the Congo, Maixent Raoul Ominga, Managing Director of SNPC, and Guido Brusco, Eni’s Chief Operating Officer Natural Resources, today Eni celebrated the sail away of the Tango Floating Liquefied Natural Gas (FLNG) and Excalibur Floating Storage Unit (FSU) vessels from Dubai to Congo’s offshore. The milestone aligns with the timeline of the Congo LNG project, whose first phase will startup in December 2023.

Tango FLNG, which has a liquefaction capacity of approximately 1 billion cubic meters per annum of gas (BCMA), will be moored 3 kilometers offshore along with the Excalibur FSU vessel upon their arrival in Congo.

The Congo LNG project leverages Marine XII gas resources and existing production facilities in a new, phased approach that will allow to reach approximately 4.5 BCMA of gas liquefaction capacity at plateau, as well as zero routine gas flaring. A second FLNG vessel with a capacity of approximately 3.5 BCMA of gas is under construction and will begin production in 2025.

The project will help the Republic of the Congo meet its energy needs while seizing the opportunity to exploit surplus gas through LNG production, allowing the Country to join the group of global exporters of Liquefied Natural Gas in record time. According to the agreements recently signed, all LNG produced will be marketed by Eni.


Eni has been operating in Congo for over 50 years and is the only company active in the development of the country’s gas resources. Eni currently supplies gas to Congo Electric Power Station (CEC), which accounts for 70% of the country's power production capacity. Eni is strongly committed to promoting the energy transition in the country. Among other initiatives, the Oyo Center of Excellence for Renewable Energy and Energy Efficiency was recently handed over to the Ministry of Higher Education, Scientific Research and Technological Innovation, which will manage it together with UNIDO (United Nations Industrial Development Organization). Furthermore, the company is developing agri-feedstock production projects that do not compete with the food supply chain, and whose produce will help feed Eni’s biorefineries.

bp ships first cargo from Indonesia’s expanded Tangguh LNG facility

bp, on behalf of the Tangguh production sharing contract partners, today announced that the first cargo of liquefied natural gas (LNG) produced by the new third liquefaction train at the Tangguh LNG facility, in Papua Barat, Indonesia, has safely been loaded and sailed, to be delivered to Indonesia’s state-owned power generator PT PLN (Persero). This marks the start of full commercial operation of the expanded Tangguh LNG facility.

The start-up of Tangguh Train 3 will add 3.8 million tonnes per annum (mtpa) of LNG production capacity to the existing two-train facility, bringing total plant capacity to 11.4mtpa. The first cargo of LNG produced by the new train sailed from Tangguh on 18 October to be delivered to PLN’s regasification facility in Arun, Nanggroe Aceh Darussalam province, Indonesia.

Dwi Soetjipto, chairman of SKK Migas, Indonesia’s oil and gas regulatory agency, said: “With its expanded production capacity, the Tangguh facility will play a vital role in helping to meet Indonesia’s growing energy demand, total gas production at Tangguh is expected to account for over a third of national gas production.

“Tangguh is the largest LNG producer in Indonesia and the production from Tangguh's three-train operation will significantly contribute to the national gas production target of 12 bscf/d by 2030.”

In addition to the new train, the Tangguh expansion project included construction of two offshore platforms, 13 new production wells, an LNG loading facility, and supporting infrastructure. At its peak, more than 13,500 workers were involved in the project’s development at the remote site, with a total of more than 155 million workhours spent to complete the project.

Anja-Isabel Dotzenrath, bp’s EVP, gas and low carbon energy said: “The safe and successful start-up of Train 3 marks a new phase for Tangguh and is a proud day for bp and our Tangguh partners. I would like to thank the Government of Indonesia for our strong partnership and their continued support that has made this possible.“

“Tangguh is important both to bp and to Indonesia. It is expected to account for more than a third of the country’s gas production and make a significant contribution to meeting the country’s growing needs for reliable and affordable energy. For bp, building our gas and LNG business is central to our strategy as we transform to an integrated energy company, investing in today’s hydrocarbon energy system as well as growing new lower carbon businesses.”

The Tangguh expansion is the third major project start-up for bp globally in 2023, following start of production from the Mad Dog II project in the US Gulf of Mexico and from the MJ field off the east coast of India.

Since beginning operations in 2009, Tangguh has worked to create positive social and economic impacts through comprehensive community development programmes. Train 3 will further enhance this, with a portion of the gas committed for electrification in Papua Barat, and the project aims to continue to increase the proportion of Papuans in Tangguh’s workforce from 73% today to meet its commitment of 85% by 2029.

Notes to editors

• Tangguh LNG is located in Teluk Bintuni Regency in the Papua Barat Province of Indonesia. It has been operation since 2009 and now consists of offshore gas production facilities supplying three 3.8mtpa liquefaction trains.
• Tangguh is operated by BP Berau Ltd on behalf of the other production sharing contract partners as contractor to SKK Migas. BP Berau Ltd and affiliates in Indonesia hold a 40.22% interest in the project. Other production sharing contract partners are: MI Berau B.V. (16.30%), CNOOC Muturi Limited (13.90%), Nippon Oil Exploration (Berau), Limited (12.23%), KG Berau Petroleum Ltd and KG Wiriagar Petroleum Ltd (10.00%), and Indonesia Natural Gas Resources Muturi Inc. (7.35%).
• The Tangguh expansion project involved 17,500 tonnes of structural steel (more than the weight of two Eiffel Towers) and used 70,000 cubic metres of concrete (equivalent to the volume of 28 Olympic-sized swimming pools).
• bp is one of the largest foreign investors in Indonesia. In addition to its interest in Tangguh LNG, bp has exploration interests off Aceh and East Java, a fuel retail partnership and its lubricants brand Castrol is active in the country.
• With Train 3 completed and operational, the Tangguh partners are making progress towards next planned phase of development at Tangguh – the UCC project that includes the adoption of carbon capture utilization and storage (CCUS) technology to help reduce CO2 emissions.

Baker Hughes Announces Milestone Electric-LNG Award for ADNOC Ruwais LNG Export Terminal

Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday it has received a letter of award by ADNOC Gas, for and on behalf of ADNOC, to provide two electric liquefaction systems (e-LNG) for the Ruwais LNG project in the United Arab Emirates. The award is expected to be booked in the fourth quarter of 2023 and was announced at this year’s ADIPEC, one of the largest energy industry events in the world.

The LNG trains will be driven by Baker Hughes’ 75 megawatt BRUSH electric motor technology and feature the company’s state-of-the-art compressor technology, making Ruwais LNG one of the first all-electric LNG projects in the Middle East. The overall production capacity of the trains is expected to be 9.6 million tons per annum.

Through the Ruwais LNG growth project, ADNOC intends to more than double its LNG production capacity to meet increased global demand for natural gas. The Ruwais plant, which is designed with electric-powered processing facilities, will run on clean power, making it one of the lowest carbon intensity LNG facilities in the world.

“This award represents an important milestone for Baker Hughes in the LNG market and demonstrates the strength of our portfolio, which we strategically expanded through the BRUSH Power Generation acquisition in 2022,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “Over the next decade, electrification will play a critical role in the energy transition, enabling further reduction of the carbon emissions footprint of natural gas. We are incredibly honored that ADNOC Gas, for and on behalf of ADNOC, has chosen Baker Hughes as a trusted partner to support their vision to increase LNG production while further decarbonizing their operations.”

The award continues the positive demand momentum in 2023 for Baker Hughes’ gas technology equipment portfolio after securing several major LNG orders throughout the year. Baker Hughes acquired the Power Generation division of BRUSH group in 2022 to enhance its industrial electric machinery portfolio and support the company’s strategic commitment to provide lower carbon solutions. Since then, the company has secured several orders, including a contract from Wison in the first quarter of 2023 to supply four e-LNG compressor trains for an onshore LNG plant in sub-Saharan Africa.

Baker Hughes Announces Major Gas Technology Equipment Order for Venture Global LNG

Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday that it has been awarded a major contract, to be booked in the third quarter of 2023, to provide a modularized liquefied natural gas (LNG) system and power island. The contract was awarded under a master equipment supply agreement between Venture Global LNG and Baker Hughes for more than 100 million tons per annum (MTPA) of production capacity, which was expanded from 70 MTPA and recently announced during Gastech in Singapore.

The award builds on previous ones from Venture Global to Baker Hughes to provide comprehensive LNG technology solutions for the Calcasieu Pass and Plaquemines LNG projects in Louisiana.

“We are excited to add another milestone in our successful collaboration with Baker Hughes as a strategic LNG technology supplier, building on the expansion of our agreement,” said Mike Sabel, CEO of Venture Global. “To enable a successful transition to more secure and sustainable economies, it is critical that we continue to further our mission of delivering low-cost LNG at a larger scale. We are grateful for our continued partnership with Baker Hughes, a world leader in energy technology, and look forward to building on our successful collaboration in our upcoming projects.”

“We have been a trusted partner in natural gas operations for more than 30 years and have been able to bring that depth of experience into the recent LNG market upturn. This further expansion of our collaboration with Venture Global reaffirms that Baker Hughes technologies are advancing the efficient use of natural gas, and we are honored to continue to support their projects,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “The continuing demand for LNG emphasises the pivotal role that natural gas will play in the energy transition, helping to secure supply and to reach net-zero emissions.”

Corinth Pipeworks was awarded contract for the Floating Storage and Regasification Unit (FSRU) pipeline in Italy

Corinth Pipeworks was awarded a contract, by Snam to manufacture and supply approximately 13 km of longitudinally submerged arc-welded steel pipes (LSAW) for the development of an offshore and onshore natural gas pipeline for the Floating Storage and Regasification Unit (FSRU). The contract is valued at over EUR 10 million.

The greenfield FSRU based LNG terminal project in the port of Ravenna is a strategic project to help ensuring Italy’s energy needs, increasing security of supply and diversification. Furthermore, the project will provide critical infrastructure, with a capacity of 170,000 cubic meters and a nominal throughput of 5 billion cubic meters of natural gas per year.

The 26-inch, pipeline, will be certified to transport up to 100% hydrogen. Corinth Pipeworks is utilizing cutting-edge technology and infrastructure, providing solutions for hydrogen certification of new pipelines. As such steel pipes produced today and installed in the current gas network shall cover the energy mix of tomorrow.

Steel pipes will be manufactured at Corinth Pipeworks’ facilities and will include internal and three-layer polypropylene, external coating, as well as concrete weight coating (CWC), applied at the same location as pipe manufacturing at Thisvi, Greece.

This award to Corinth Pipeworks is the latest from Snam, with the assistance of its Italian business partner PIPEX, and builds on the company's successful long-term relationship and a succession of earlier pipeline developments.

Sempra Infrastructure Completes Sale of Non-Controlling Interest in Port Arthur LNG Phase 1 to KKR

Sempra Infrastructure , a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR. The transaction, which closed in accordance with the terms previously disclosed, results in Sempra Infrastructure retaining a controlling 28% indirect interest in Phase 1 at the project level, and ConocoPhillips owning the remaining 30% interest.

"The closing of this transaction continues the positive momentum of our world-class Port Arthur LNG facility and highlights Sempra Infrastructure's ability to access capital to support the growth of its infrastructure business," said Justin Bird, CEO of Sempra Infrastructure. "We remain committed to developing energy infrastructure projects with strong partners to continue growing our portfolio while advancing global decarbonization and energy security."

"We are pleased to close our investment in this critical energy infrastructure project led by the Sempra Infrastructure team," said James Cunningham, Partner at KKR. "Port Arthur LNG Phase 1 has continued its strong momentum and is on track to meet its objectives of helping to deliver energy security, economic growth and a near-term supply of reliable and cleaner energy."

Sempra Infrastructure reached a positive final investment decision for Port Arthur LNG Phase 1 in March 2023 and contracted global engineering, procurement and construction firm Bechtel Energy Inc. to build the project. Over 2.8 million hours of work have been completed since construction began this spring, with no lost-time incidents. The expected commercial operation dates for Train 1 and Train 2 are 2027 and 2028, respectively.

Gate terminal selected contractors to design and build 4th LNG storage tank

Gate terminal B.V, a joint venture of Vopak and Gasunie, is pleased to announce that it has selected -VINCI Construction Grands Projets - Entrepose Contracting (tank), Sener (balance of plant) and Sacyr Proyecta (owner engineering services) to execute the expansion of the terminal with a 4th LNG storage tank of 180,000 cubic meters and an additional regasification capacity of 4 BMC per year.

Sener statement

“We are pleased to participate in one of the largest gas projects in all of Europe. We are proud to accompany Gate Terminal since 2007, when it entrusted us as the main EPC contractor, or during the Extra Send-Out project, in 2022 – to increase the plant’s natural gas send-out capacity with an additional 1.5 billion of cubic meters per year. Today, we celebrate a new milestone: the decision to build a new tank and new balance of plant facilities, which will increase its capabilities and potential”, says Álvaro Lorente, Managing Director of Energy at Sener.

Sacyr Proyecta statement

“We’re eagerly looking forward to being part of this exciting new project. We take pride in your trust, especially after our past successful collaborations with Gate Terminal in other projects in the Rotterdam Terminal. This strategic opportunity means a lot to the group, and we’re thrilled to contribute to the expansion of the Gate Terminal and its important role in the security of supply of energy in the Netherlands and its neighboring countries” says Juan Antonio Marín Ródenas, General Manager at Sacyr Proyecta.

Gate statement

“Based on the positive experiences with these contractors over the past period we look forward to a successful continuation of our cooperation and a safe execution of the project,” says Jarmo Stoopman, Managing Director at Gate terminal.

Port Arthur LNG Phase 2 Project Receives Federal Energy Regulatory Commission Authorization

Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that the Federal Energy Regulatory Commission (FERC) has approved the permit authorizing the Port Arthur LNG Phase 2 expansion project under development at Port Arthur LNG in Jefferson County, Texas. The permit is a major regulatory milestone for a proposed Phase 2 project, including the addition of two liquefaction trains (trains 3 and 4) capable of producing up to 13 million tonnes per annum (Mtpa) of liquefied natural gas (LNG).

“Sempra Infrastructure is committed to investing in infrastructure opportunities that help enable a cleaner and more secure energy future,” said Justin Bird, chief executive officer of Sempra Infrastructure. “Today’s FERC order is a significant step in our ability to advance the global energy transition, creating an opportunity to double the amount of secure and reliable U.S. natural gas that Port Arthur LNG can help deliver to global markets.”

With Phase 1 currently under construction, the development of the proposed Phase 2 project could increase the total liquefaction capacity of the facility from approximately 13 Mtpa to approximately 26 Mtpa. The proposed project is also expected to include an additional LNG storage tank and marine berth and would benefit from some of the common facilities currently under construction that were previously approved as part of the Port Arthur LNG Phase 1 permitting process.

Sempra Infrastructure continues to evaluate opportunities to develop the entirety of the Port Arthur site while also exploring potential projects to reduce the carbon intensity of its LNG, positioning Port Arthur as a flagship hub for the energy transition. The company is leveraging the integrated capabilities of its business segments to develop the proposed Port Arthur Pipeline Texas Connector project, the proposed Post Arthur Pipeline Louisiana Connector project and develop new gas storage facilities, all of which would serve the Port Arthur LNG facility.

To further the advancement of the Port Arthur Energy Hub, the company recently acquired 38,000 acres of pore space and relevant surface rights to support the proposed Titan Carbon Sequestration project, which is proximal in location to the Port Arthur LNG facility. The project targets capturing carbon from Sempra Infrastructure’s Port Arthur LNG Phase 1 and 2 projects that are currently under development and has the potential to unlock other net-zero energy infrastructure opportunities. This comprehensive development approach utilizes Sempra Infrastructure’s broad development and operational expertise to enhance the total value of Port Arthur and can deliver significant value for the local community, opening up substantial avenues for economic growth opportunities for the region.

“The value proposition of the proposed Port Arthur Energy Hub goes beyond monetary investment in the region,” said Bird. “The proposed projects by Sempra Infrastructure would create new, high-paying jobs, increase innovative business in the region and continue to bolster the reputation of the State of Texas as a global energy leader.”

The Port Arthur LNG Phase 2 project is under active marketing and development. The project could help meet future demand for U.S. LNG supplies expected to serve European, Asian and other global markets as countries look to enhance energy reliability and security, and displace coal in power production.

The Port Arthur LNG Phase 1 project is currently under construction and is designed to include two natural gas liquefaction trains, two LNG storage tanks and associated facilities.

Development of the Port Arthur LNG Phase 2 project, the Titan Carbon Sequestration project, the proposed Port Arthur Pipeline Louisiana Connector project, proposed Port Arthur Texas Connector project and new gas storage facilities is contingent upon completing the required commercial agreements, securing and/or maintaining all necessary permits, obtaining financing, and reaching a final investment decision, among other factors.

Completion of the regasification capacity booking process for the FSRU Terminal in the Gulf of Gdańsk

On 18 August 2023, GAZ-SYSTEM and ORLEN signed an agreement for the provision of regasification services at the FSRU Terminal in the Gulf of Gdańsk, which will constitute an important element of the gas import infrastructure for Poland and the entire CEE region.

The FSRU Terminal project assumes the construction of a Floating Storage Regasification Unit (FSRU) located in the Gdańsk area, designed to perform regasification process of 6.1 bcm of gaseous fuel per year. The regasification agreement was signed in the aftermath of the Open Season procedure in which ORLEN submitted an order covering 100% of the Regasification Services offered by GAZ-SYSTEM.

The signing ceremony was attended by Anna Łukaszewska-Trzeciakowska, Secretary of State and Government Plenipotentiary for Strategic Energy Infrastructure. The Minister emphasised the strategic importance of the project implemented by GAZ-SYSTEM and the pivotal role of LNG supplies, especially after the termination of natural gas import from Russia:


- Last year, as a result of the political impact of the war in Ukraine, the directions of natural gas supplies to the European Union have been completely reorganised. We can see over 60% increase in LNG supplies from the global market. Poland, as a beneficiary of this trend, seeks to become a gas hub for Central and Eastern Europe, said Minister Anna Łukaszewska-Trzeciakowska.


The FSRU terminal in Gdańsk contributes to the process of the country's energy and economic transition towards less carbon-intensive energy sources. The FSRU Terminal project, market-confirmed by Orlen Group, constitutes another element of the country's energy security scheme based on sound economic rationale. Following the recently completed interconnections with Denmark, Lithuania and Slovakia and the expansion of the LNG Terminal in Świnoujście, this project will increase the diversification of natural gas supplies to Poland and the Intermarium region, said Marcin Chludziński, President of GAZ-SYSTEM Management Board.

At present, GAZ-SYSTEM sees unprecedented increase in market demand for liquefied natural gas supplies; in response to this growing interest, the Company is already undertaking measures to expand regasification capacity of the FSRU Terminal:


- Given the growing interest across the entire CEE region in diversification of gas supply sources based on LNG, we are currently conducting an Open Season procedure for the second FSRU Terminal. Assuming its positive outcome, we could launch the second FSRU which would allow us to increase the regasification capacity of the facility by additional 4.5 bcm of gaseous fuel per year, said Andrzej Kensbok - Vice-President of GAZ-SYSTEM Management Board.

For ORLEN company, liquefied natural gas constitutes one of the pillars of diversification strategy and the development of long-term commercial potential:


- The fuel and energy security of Poland has always been and continues to be our priority. The need for enhanced security constituted one of the arguments for building a strong multi­utility group. Owing to the merger with LOTOS, PGNiG and Energa, we have the potential to engage in further projects that contribute to the energy independence of the country and the region. One of such projects is the planned floating LNG terminal in the Gulf of Gdańsk, the entire regasification capacity of which has just been booked by ORLEN. Including President Lech Kaczyński's LNG Terminal in Świnoujście already in operation, it will enable the company to receive all the LNG to be supplied under long-term contracts we have signed. At present, this volume accounts for almost 14 bcm per year. Such quantity of gaseous fuel supplemented by imports from Norway and our own domestic production, will allow us not only to fully satisfy the needs of Polish customers, but also to offer gas to neighbouring markets. Consequently, ORLEN will be a guarantor of fuel and energy security not only internally, but also in other countries in the region, explains Daniel Obajtek, President of the Management Board of ORLEN.

Currently, the FSRU Terminal in Gdańsk is at an advanced design stage. In July, GAZ-SYSTEM completed the process of obtaining administrative decisions for all three onshore gas pipeline projects implemented as part of the FSRU project: Kolnik - Gdańsk, Gardeja - Kolnik and Gustorzyn - Gardeja, of a total length of approx. 250 km and a diameter of 1,000 mm. It is expected that the construction of these connections will commence in 2024. As part of the offshore part of the FSRU project, the pending works include the design of a mooring berth for the FSRU floating terminal together with the offshore section of the gas pipeline, which will run on the sea bed in the Gulf of Gdańsk.

Cheniere and BASF Sign Long-Term LNG Sale and Purchase Agreement

Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with BASF (“BASF”).

Under the SPA, BASF has agreed to purchase up to approximately 0.8 million tonnes per annum (“mtpa”) of LNG from Cheniere Marketing on a free-on-board (“FOB”) basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee. Deliveries will commence in mid-2026 and, subject to a positive Final Investment Decision with respect to the first train (“Train Seven”) of the Sabine Pass Liquefaction Expansion Project (“SPL Expansion Project”) in Louisiana, will increase to approximately 0.8 mtpa upon the start of commercial operations of Train Seven. The term of the SPA extends through 2043.

“We are pleased to enter into this long-term relationship with BASF, a global leader in the chemical industry,” said Anatol Feygin, Cheniere’s Executive Vice President and Chief Commercial Officer. “This SPA demonstrates the critical role US natural gas plays in providing long-term secure, sustainable and affordable energy for Europe. With this agreement, we are supporting the objectives of one of Europe’s key industrial end-use consumers to ensure stability of its supply chain.”

“By establishing our own dedicated LNG supply chain with Cheniere, we are diversifying our energy and raw materials portfolio at a time of critical changes in the European gas market, which is marked by increased demand and volatile prices for LNG,” said Dr. Dirk Elvermann, BASF’s Chief Financial Officer. “While we are reducing our dependence on fossil fuels to reach our goal of net zero CO2 emissions by 2050, this agreement will ensure reliable supply of natural gas at competitive terms.”

The SPL Expansion Project is being developed for up to approximately 20 mtpa of total LNG capacity. In May 2023, certain subsidiaries of Cheniere Energy Partners, L.P. (NYSE American: CQP) entered the pre-filing review process with respect to the SPL Expansion Project with the Federal Energy Regulatory Commission under the National Environmental Policy Act.

Air Products’ LNG Liquefaction Technology and Equipment Selected for NextDecade’s Rio Grande LNG Project

Air Products (NYSE: APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, today announced it has signed agreements with Bechtel Energy Inc. to supply its proprietary LNG process technology and equipment to NextDecade’s Rio Grande LNG Phase 1 Project in the Port of Brownsville, Texas. The project will include three natural gas liquefaction trains employing Air Products’ liquefaction equipment with a production capability of approximately 17.6 million tonnes per annum (MTPA) of LNG.
Air Products’ coil-wound heat exchangers (CWHEs) and AP-C3MR™ LNG Process technology have been selected for their proven reliability for large-scale LNG production. The CWHEs will be manufactured at Air Products’ world-class LNG equipment manufacturing facility in Port Manatee, Florida.

“We are pleased to be selected to provide our LNG technology and equipment for the Rio Grande LNG project with its focus on sustainability. Air Products’ LNG processes and equipment provide for low emissions and carbon intensity with the AP-C3MR LNG Process being the industry standard and used to produce more LNG than any other process in the world. Additionally, this project enables us to further support the growing North American LNG market,” said Dr. Samir J. Serhan, Air Products’ Chief Operating Officer.

“We’re proud to partner with Air Products, who like Bechtel bring a proven track record of excellence to the Rio Grande LNG project,” said Paul Marsden, President of Bechtel Energy. “Using Air Products’ state-of-the-art liquefaction technology, we look forward to delivering an exactingly engineered, world-class plant that will enable NextDecade to produce lower carbon-intensive LNG, contributing to energy security and supporting the energy transition.”

Air Products’ LNG equipment manufacturing facility opened in January 2014 and completed a 60% expansion in October 2019 to meet the needs of the ever-growing LNG industry. In October 2018, a new LNG equipment test facility (ETF) was dedicated, which enables Air Products to continually improve the reliability and yield produced from its LNG equipment, and to design new equipment.

Air Products’ proprietary LNG process technology and equipment, vital to helping meet the world’s increasing energy needs and desire for clean energy, processes and cryogenically liquefies valuable natural gas for consumer and industrial use. For over 50 years Air Products has manufactured LNG heat exchangers, which currently operate in over 100 LNG trains in 20 countries around the world.

Typically, an LNG heat exchanger can be as large as over 15 feet (5 meters) in diameter and 180 feet (55 meters) long. A finished unit can weigh as much as 500 tons. 

Air Products’ LNG process technology and equipment is the heart of an LNG production plant. The technology, in place at some of the most remote locations around the world, takes natural gas and unlocks its value by liquefying it and making it possible to ship it economically. Typically, the LNG is eventually re-gasified for energy uses.

The majority of total worldwide LNG is produced with Air Products’ technology. In support of the LNG industry, Air Products provides process technology and key equipment for the natural gas liquefaction process for large export plants, small and mid-sized LNG plants, floating LNG plants and LNG peak shavers. Upstream, Air Products provides both nitrogen and natural gas dehydration membrane systems for offshore platforms. Downstream, Air Products provides membrane nitrogen generators for LNG carriers and land-based membrane and cryogenic nitrogen systems for LNG import terminals and baseload LNG plants.

Woodside To Sell 10% Scarborough Interest to LNG Japan

 Woodside has established a strategic relationship with LNG Japan which involves three elements: equity in the Scarborough Joint Venture, potential LNG offtake and collaboration on opportunities in new energy. 

Woodside has entered into a sale and purchase agreement with LJ Scarborough Pty Ltd (LNG Japan) for the sale of a 10% non-operating participating interest in the Scarborough Joint Venture (the Transaction). 

The purchase price is US$500 million, subject to adjustments. LNG Japan will reimburse Woodside for its share of expenditure for the Scarborough project from the Transaction effective date of 1 January 2022. On completion of the Transaction, expected in the first quarter of 2024, the estimated total consideration comprising the purchase price, reimbursed expenditure and escalation is approximately US$880 million. 

Completion of the Transaction is subject to conditions precedent including Foreign Investment Review Board approval, National Offshore Petroleum Titles Administrator approvals and Western Australian Government approvals. 

As part of the broader strategic relationship, Woodside and LNG Japan Corporation have entered into a non-binding heads of agreement for the sale and purchase of 12 LNG cargoes per year (approximately 0.9 million tonnes per annum) for 10 years commencing in 2026. 

Woodside has also entered into non-binding agreements to collaborate with Sumitomo Corporation and Sojitz Corporation on global opportunities in new energy which could include ammonia, hydrogen, carbon capture and storage (CCS) and carbon management technology. 

Following completion, Woodside will hold a 90% interest in the Scarborough Joint Venture and remain as operator. Scarborough gas will be processed at the Pluto LNG facility, where Woodside is currently constructing Pluto Train 2. Woodside is also operator of the Pluto Train 2 Joint Venture and holds a 51% participating interest.

Announcement Related to Lake Charles LNG Signing Heads of Agreements for a Total of 3.6 MTPA

Energy Transfer LP announced today that it has entered into three non-binding Heads of Agreement (HOAs) related to long-term LNG offtake from its Lake Charles LNG project for an aggregate of 3.6 mtpa. One of the HOAs specifies that a Japanese consortium would purchase 1.6 mtpa for a 20-year term, subject to an option to convert the offtake arrangement to an equity participation providing for the same volume of LNG. Under one of the HOAs, Chesapeake Energy Marketing LLC would supply to Lake Charles LNG volumes of natural gas sufficient to produce 1.0 mtpa of LNG for a period of 15 years and, post liquefaction, Gunvor Singapore Pte Ltd would purchase LNG from Chesapeake at a price indexed to the Japan Korea Marker (JKM) for a period of 15 years. The other HOA is with a U.S. customer and relates to a tolling arrangement for 1.0 mtpa for a 15-year term. The HOAs are subject to the negotiation and execution of definitive agreements.

“We are pleased with the continued confidence of our customers in the Lake Charles LNG project,” said Tom Mason, President of Lake Charles LNG. “These HOAs are important for the successful development of the project, along with the continuation of certain pre-FID work with one of our EPC contractors.”

NextDecade Announces Positive Final Investment Decision on Rio Grande LNG Phase 1

NextDecade Corporation (NextDecade, the Company) (NASDAQ: NEXT) is proud to announce it has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the Company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas.

Today, the Company:

• Executed and closed a joint venture agreement for Phase 1 which included approximately $5.9 billion of financial commitments from Global Infrastructure Partners (GIP), GIC, Mubadala Investment Company (Mubadala), (collectively, the Financial Investors), and TotalEnergies (NYSE: TTE);
• Committed to invest approximately $283 million in Phase 1 including $125 million of pre-FID capital investments into Phase 1;
• Closed senior secured non-recourse bank credit facilities of $11.6 billion, consisting of $11.1 billion in construction term loans and a $500 million working capital facility; and
• Closed a $700 million senior secured non-recourse private placement notes offering.

The $18.4 billion project financing for RGLNG Phase 1, is the largest greenfield energy project financing in U.S. history and underscores the critical role that LNG and natural gas will continue to play in the global energy transition. Industry experts expect a global shortfall of LNG before 2030, which if not addressed by projects such as RGLNG, may result in a prolonged reliance on other more carbon intensive fuels such as coal and oil.

In conjunction with making a positive FID, RGLNG issued the notice to proceed (NTP) to Bechtel Energy Inc. (Bechtel) to begin construction of Phase 1 under its lump-sum turnkey engineering, procurement, and construction contracts (EPC). The final EPC cost at NTP is approximately $12.0 billion. The remaining expected project costs to be covered by the financing that closed today are: owner’s costs and contingencies of approximately $2.3 billion, dredging for the Brazos Island Harbor Channel Improvement Project, conservation of more than 4,000 acres of wetland and wildlife habitat area and installation of utilities of approximately $600 million, and interest during construction and other financing costs of approximately $3.1 billion.

Phase 1, with nameplate liquefaction capacity of 17.6 MTPA, has 16.2 MTPA of long-term binding LNG sale and purchase agreements (SPAs) with TotalEnergies, Shell NA LNG LLC, ENN LNG Pte Ltd, Engie S.A., ExxonMobil LNG Asia Pacific, Guangdong Energy Group, China Gas Hongda Energy Trading Co., Galp Trading S.A. and Itochu Corporation.

“Achieving FID and issuing NTP on RGLNG Phase 1 is a landmark event reflecting years of hard work and dedication by NextDecade’s employees, shareholders, construction partners, equipment suppliers, and customers,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “I want to specifically recognize the Rio Grande Valley community, the Port of Brownsville and the countless leaders and officials at the local, state, and federal levels that have supported us throughout the development of RGLNG Phase 1.”

“Achieving FID is an important milestone in NextDecade’s mission of becoming a reliable supplier of low-carbon LNG that will replace coal with a cleaner source of energy,” said Bayo Ogunlesi, Chairman and Chief Executive Officer of Global Infrastructure Partners. “Our investment in RGLNG affirms GIP’s commitment to promoting decarbonization, energy security and energy affordability.”

“We are delighted with this final investment decision that enables us to launch the construction of this new LNG liquefaction plant in the United States, to which TotalEnergies will contribute its expertise in the development of major LNG projects,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “This project gives TotalEnergies access to competitive LNG thanks to its low production costs. LNG from this first phase will boost TotalEnergies U.S. LNG export capacity to over 15 MTPA by 2030, and thus our ability to contribute to European gas security, and to provide customers in Asia with an alternative form of energy that is half as emissive as coal.”

“Today’s announcement marks a pivotal milestone in Mubadala’s enduring partnership with NextDecade in the development of RGLNG,” said Khaled Abdulla Al Qubaisi, Chief Executive Officer of Mubadala’s Real Estate & Infrastructure Investments platform. “Mubadala is delighted to welcome GIP, GIC and TotalEnergies into the partnership as RGLNG enters its next phase of development.”

“NextDecade is on a mission to produce lower-carbon intensive LNG for its customers, and we’re honored to be their partner,” said Paul Marsden, President of Bechtel Energy. “Today, as we commence engineering, procurement, and construction on the first phase of this project, we reaffirm our commitment to the community through quality jobs, training, and support for the supply chain and small businesses.”

Under the joint venture agreement executed today, NextDecade will hold equity interests that entitle the Company to receive up to 20.8% of the cash flows generated by Phase 1 during operations. Financial Investors and TTE will hold equity interests that entitle them to a minimum of 62.5% and 16.7% of the cash flows generated by Phase 1 during operations, respectively.

As part of the transaction, Financial Investors and TTE each have options to invest in RGLNG Train 4 and Train 5 equity, and options to invest in the planned carbon capture and sequestration project at RGLNG. TTE’s right to invest in Train 4 and Train 5 is conditioned on exercising their LNG purchase rights of 1.5 MTPA in each of Train 4 and Train 5. The Company believes these options with its partners will enable NextDecade to deliver the full FERC-approved five-train RGLNG project over time.

"We look forward to delivering this important LNG project that will supply the world with reliable, and lower-carbon intensive LNG, while proudly supporting the Rio Grande Valley community by investing billions of dollars and creating thousands of much needed and well-deserved jobs,” said Schatzman. “Now our focus turns to safely constructing Phase 1 on time and on budget and progressing commercial negotiations on RGLNG Train 4 and Train 5 to further expand our LNG platform and grow NextDecade shareholder value.”

Latham & Watkins LLP acted as lead outside counsel to NextDecade on the project financing transactions. MUFG Bank, Ltd. acted as financial advisor to NextDecade in connection with the debt financing and Macquarie Capital (USA) Inc. acted as financial advisor to NextDecade in connection with the equity financing.

Kirkland & Ellis LLP acted as legal counsel to GIP, Jones Day acted as legal counsel to TotalEnergies, Sidley Austin LLP acted as legal counsel to GIC, White & Case LLP acted as legal counsel to Mubadala and Norton Rose Fulbright US LLP acted as legal counsel to the lenders.

Centrica signs major LNG supply agreement

Centrica and Delfin Midstream Inc. today announced the signature of a long-term Sale and Purchase Agreement for 1.0 million tonnes per annum (MTPA) of Liquefied Natural Gas ("LNG") for 15-years on a Free on Board ("FOB") basis at the Delfin Deepwater Port, located 40 nautical miles off the coast of Louisiana. This agreement will see Centrica take delivery of around 14 LNG cargoes per year and could provide enough energy to heat 5% of UK homes for 15 years.

The deal, with a market value of $8bn, marks an additional move by Centrica to build further resilience in the UK's energy security. It follows a three-year supply agreement with Equinor that will heat 4.5m UK homes through to 2024 and the reopening of the Rough gas storage facility in October 2022. Rough now provides half of the UK's total gas storage capacity with the potential to store over 50 billion cubic feet (bcf) of gas, enough to heat almost 10% of UK homes throughout winter.

As a foundation customer of the Delfin LNG project, Centrica's offtake underpins investment in the next wave of incremental LNG supply from the US. It will complement a diversified and flexible LNG portfolio.

Chris O'Shea, Group Chief Executive, Centrica said:

"This agreement is good news for our customers and the country. The last year has demonstrated the critical importance of investing in the UK's energy security. Addressing the immediate impact of the energy crisis on our customers has been one of our biggest priorities, but I'm acutely aware that we also need to look ahead to manage future risks and secure our supplies.

Natural Gas is an essential transition fuel in the move to net zero and securing international agreements such as this are vital to the UK's energy security. As well as strengthening the trade links between the UK and US, this deal - alongside reopening Rough and our major deal with Equinor - shows that Centrica is investing heavily to future-proof the UK's energy supply and address one of the underlying causes of the energy crisis. We stand ready to invest several billion pounds in additional projects, creating thousands of new UK jobs, with the right regulatory framework."

Dudley Poston, CEO of Delfin said:

"We are excited to finalize this SPA with Centrica, converting our previously announced Heads of Agreement and reaching another important milestone for our Deepwater Port LNG Export Facility.



"There is growing global demand for long-term, scalable LNG supply. With the off-take capacity for Delfin's first FLNG Vessel now sold, we continue to move towards Final Investment Decision and bring this important project forward, becoming a partner to countries like the U.K. as it continues to make progress bolstering national energy security and driving down prices with clean, reliable LNG."



The deal follows a Heads of Agreement between Centrica and Delfin in August 2022. Operations and first LNG are expected to commence at the Delfin Deepwater Port in 2027.

Baker Hughes to Supply 3 Liquefaction Trains for NextDecade’s Rio Grande LNG Project

Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it has been awarded an order by Bechtel Energy Inc. (Bechtel) – to be booked in the second quarter of 2023 – to supply three Main Refrigerant Compressors (MRCs) for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.

In total, Baker Hughes will supply six Frame 7 gas turbines paired with 18 centrifugal compressors across Rio Grande’s first three LNG trains in a parallel configuration arrangement, providing more operational flexibility – for a nameplate capacity of 17.61 MTPA.

“This order builds on our longstanding relationship with Bechtel and is a significant milestone in our partnership with NextDecade, supporting them on this key LNG project,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “We are delighted that our proven and reliable technology solution will support the production of LNG in the U.S., which is crucial in balancing energy affordability, security and sustainability globally.”

The Baker Hughes gas technology solution chosen for Rio Grande LNG provides NextDecade with the highest production levels for the plant’s design, as well as operational flexibility and high availability. The Frame 7 gas turbine is well-proven for its energy efficiency, availability, reliability and maintainability.

Packaging of the turbine/compressor train, a unique Baker Hughes offering, as well as assembly of the compressors and testing of the trains, will take place at Baker Hughes’ facilities in Italy.

Building on almost 40 years of experience in the LNG space, Baker Hughes continues to help meet global energy demand by providing advanced, efficient and reliable solutions for the U.S. natural gas export sector. The announcement follows another recent contract awarded by Bechtel to Baker Hughes to supply two liquefaction trains for another LNG project in Texas, announced in March 2023.

Air Products’ AP-X® LNG Technology and Equipment Selected for the North Field South Project

Air Products (NYSE: APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, has been selected to provide its proprietary AP-X® LNG Process technology and equipment to Qatargas for the North Field South (NFS) Project in Ras Laffan, the State of Qatar. It includes the supply of two new LNG process trains, adding to the four trains currently being fabricated for the North Field East (NFE) LNG project, each with an additional production capacity of eight million tonnes per annum. These mega LNG trains leverage AP-X liquefaction technology, which enables significantly higher LNG production.

“Once again, we are very pleased to have our LNG technology selected for the newest liquefaction expansion project in Qatar’s North Field. Air Products’ proven AP-X process technology enables significantly higher LNG production while having flexible operation over a wide range of production capacities. The unrivaled performance, reliability, and efficiency of our equipment, coupled with responsive technical service and support, enable customers to optimize a facility’s overall performance with safe and sustainable solutions.,” said Dr. Samir J. Serhan, Air Products’ Chief Operating Officer.

Air Products has supplied key equipment and technology for all of Qatar’s existing LNG trains operating in Ras Laffan, including the initial units, which started production in 1996 using Air Products’ AP-C3MRTM LNG Process technology; six AP-X LNG Process trains, which started up between 2009 and 2011; four AP-X LNG Process trains currently in fabrication; and the two new AP-X LNG Process trains for NFS.

Air Products will supply Qatargas with its proprietary AP-X natural gas liquefaction process technology and equipment and associated technical services. The equipment includes main cryogenic heat exchangers (MCHEs), subcooling heat exchangers (SCHEs), Rotoflow® turbomachinery companders and nitrogen economizer cold boxes. All engineering and design will be done in Air Products’ global corporate headquarters office in Allentown, Pennsylvania, and the MCHE and SCHE manufacture will be executed at Air Products’ LNG equipment manufacturing facility located on the west coast of Florida, less than a mile from the deep-water port at Port Manatee.

Air Products opened its world-class Port Manatee facility in January 2014 and completed a 60% expansion in October 2019 to meet the needs of the ever-growing LNG industry. In October 2018, a new LNG equipment test facility was dedicated, which enables Air Products to continually improve the reliability and yield produced from its LNG equipment and to design new equipment.

Air Products’ proprietary LNG process technology and equipment, vital to helping meet the world’s increasing energy needs and desire for clean energy, processes and cryogenically liquefies valuable natural gas for consumer and industrial use. For over 50 years Air Products has manufactured LNG heat exchangers, which currently operate in over 100 LNG trains in 20 countries around the world.

Typically, an LNG heat exchanger can be as large as over 15 feet (5 meters) in diameter and 180 feet (55 meters) long. A finished unit can weigh as much as 500 tons.

Air Products’ LNG process technology and equipment is the heart of an LNG production plant. The technology, in place at some of the most remote locations around the world, takes natural gas and unlocks its value by liquefying it and making it possible to ship it economically. The LNG is eventually re-gasified for energy uses.

The majority of total worldwide LNG is produced with Air Products’ technology. In support of the LNG industry, Air Products provides process technology and key equipment for the natural gas liquefaction process for large export plants, small and mid-sized LNG plants, floating LNG plants and LNG peak shavers. Upstream, Air Products provides both nitrogen and natural gas dehydration membrane systems for offshore platforms. Downstream, Air Products provides membrane nitrogen generators for LNG carriers and land-based membrane and cryogenic nitrogen systems for LNG import terminals and baseload LNG plants.

NextDecade Announces Framework Agreements with Global Infrastructure Partners and TotalEnergies to Support the Development of the Rio Grande LNG Project

NextDecade Corporation (NextDecade) (NASDAQ: NEXT) today announced that it has entered into framework agreements with Global Infrastructure Partners (GIP) and TotalEnergies (NYSE: TTE) to enable the final investment decision (FID) for the Rio Grande LNG project (RGLNG) Trains 1, 2 and 3 (Phase 1) and to provide momentum for the further development of RGLNG Train 4 and Train 5.

NextDecade, GIP and TotalEnergies have entered into framework agreements whereby GIP would become a majority investor in Phase 1, and TotalEnergies would become a 16.67% investor, both subject to execution of definitive documentation and FID. The agreements are expected to further provide GIP and TotalEnergies options to invest in RGLNG Train 4 and Train 5 and options to invest in the planned carbon capture and sequestration (CCS) project at RGLNG.

In addition, TotalEnergies has agreed to purchase 5.4 million tonnes per annum (MTPA) of LNG from Phase 1 for 20 years on a free on board (FOB) basis indexed to Henry Hub and has options to purchase LNG from Train 4 and Train 5. TotalEnergies has also agreed to acquire in three tranches a 17.5% common stock position in NextDecade for an aggregate purchase price of $219.4 million.

The first tranche of $40 million of NextDecade common stock was issued and sold today at $4.9837 per share. The second tranche of $110 million will be issued and sold at the same price after FID on Phase 1. The third tranche will be issued and sold in an amount such that the combined stock purchases equal 17.5% of the outstanding common stock of NextDecade after the closing of the third tranche. The issuance and sale of the common stock in the third tranche will be conditioned on the approval of NextDecade shareholders. Based on current estimates, NextDecade expects to sell approximately 45.1 million shares of common stock in the aggregate to TotalEnergies at an average price per share of approximately $4.86.

“This announcement marks a momentous milestone for NextDecade,” said Matt Schatzman, NextDecade Chairman and Chief Executive Officer. “We are excited to work with GIP and TotalEnergies on RGLNG and our proposed CCS project at RGLNG. We are also eager to grow our partnership with GIP and TotalEnergies focusing on our shared vision to reduce carbon emissions in the energy sector.”

“With the world increasingly moving toward sustainable solutions, this partnership among GIP, TotalEnergies and NextDecade reinforces our shared commitment to helping lead the transition and shaping of the future of energy,” said Bayo Ogunlesi, Chairman and Chief Executive Officer of Global Infrastructure Partners. “This venture marks a critical step in displacing coal usage and upholds GIP’s commitment to promoting decarbonization, energy security and energy affordability. Our shared vision with TotalEnergies and NextDecade, combined with our capabilities, will undoubtedly help catalyze the development of cleaner energy.”

"We are delighted to join forces with NextDecade and GIP on the development of this new US LNG project, for which TotalEnergies shall leverage its extensive experience in LNG and technical expertise in major industrial project development," said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “Our involvement in this project will enhance our LNG capacity by 5.4 MTPA strengthening our ability to ensure Europe's gas supply security and to provide Asian customers with an alternative fuel that emits half as much as coal.”

NextDecade continues to target FID on Phase 1 by the end of the second quarter with FIDs of its remaining trains to follow thereafter.

Technip Energies Awarded a Major LNG contract for the North Field South Project by QatarEnergy

Technip Energies (Paris:TE) (ISIN:NL0014559478) is pleased to announce that a joint venture (T.ENCCC JV), led by Technip Energies (T.EN) in partnership with Consolidated Contractors Company (CCC), has won a major1 Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS).

This award will cover the delivery of 2 mega trains, each with a capacity of 8 million tons per annum (Mtpa) of Liquefied Natural Gas (LNG). It will include a large CO2 carbon capture and sequestration facility of 1.5 Mtpa, leading to 25% plus reduction of greenhouse gas emissions when compared to similar LNG facilities.

The expansion project will produce approximately 16 Mtpa of additional LNG, increasing Qatar’s total production from 110 to 126 Mtpa.

Arnaud Pieton, CEO of Technip Energies, commented: “We are extremely honored to have been awarded by QatarEnergy this mega LNG project, along with our long-standing partner CCC, a leading construction company for LNG trains. This award is a testament to the trust, extent, and strength of our relationship with QatarEnergy. This new project also reflects our leadership in the LNG market as well as our proven ability to integrate technologies towards low carbon LNG, critical in solving the trilemma for affordable, available and sustainable energy.”

Technip Energies has been active with a local presence since 1986 in Qatar, a strategic country for the Company.

Eni announces the arrival of the first LNG cargo in Piombino’s new regasification facility

Eni has begun offloading the first LNG cargo into Snam’s new regasification terminal in Piombino today, in the presence of the Minister of the Environment and Energy Security, Gilberto Pichetto Fratin. The terminal has a total processing capacity of 5 billion cubic metres per year, or approximately 7% of Italy's gas demand. The LNG was produced at Egypt’s Damietta liquefaction plant, one of the facilities where Eni has invested with the strategic goal of growing its integrated liquefied gas portfolio.

Eni acquired regasification capacity at Piombino terminal as part of its strategy to diversify LNG supplies to Italy through its internationally produced equity gas. Leveraging its strong relations with the countries where it operates and its trademark fast-track project development approach, Eni has increased the volumes of available gas from Algeria, Libya and Italy and increased the number of LNG cargoes from Egypt, Congo, Qatar, Angola, Nigeria, Indonesia and Mozambique.

In this way, Eni will be able to guarantee gas supplies to its customers through a more diversified portfolio. Contracted LNG is expected to exceed 18 MTPA by 2026, twice as much as in 2022, confirming LNG’s role as a reliable energy source in support of security of supply and the energy transition.

Piombino’s new regasification capacity will help implement Eni's plan to completely replace Russian gas by 2024-2025 and increase the availability of gas for the country, with potential benefits in terms of prices and competitiveness of Italy’s industrial and economic system.

Air Products’ LNG Technology and Equipment Selected for Sempra Infrastructure’s Port Arthur, Texas Phase 1 Project

Air Products (NYSE: APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, today announced it has signed an agreement with Bechtel Energy Inc. to provide its proprietary LNG process technology, equipment and advisory services to Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas. The Port Arthur LNG Phase 1 project is fully permitted and is designed to include two natural gas liquefaction trains, two liquefied natural gas (LNG) storage tanks and associated facilities with a nameplate capacity of approximately 13 million tonnes per annum (MTPA).

Air Products’ world-class LNG equipment manufacturing facility in Port Manatee, Florida will manufacture two main cryogenic heat exchangers for its AP-C3MRTM LNG process technology. The expected commercial operation dates for Trains 1 and 2 for Port Arthur LNG are projected for 2027 and 2028. This is the third Sempra Infrastructure project for which Air Products’ LNG technology was selected, the first being the three trains at the Cameron, Louisiana LNG facility that have been operating with AP-C3MR technology since 2019, and the second being the Energia Costa Azul (ECA) liquefaction project in Mexico.

“We are honored to be selected for the Port Arthur LNG Phase 1 project and this opportunity to further support the North American LNG production market in the Gulf Coast. Our proven large scale heat exchangers and unrivaled process technology are at the heart of the majority of LNG export facilities around the world, both on and offshore. With the global demand for LNG increasing in the coming decades, our LNG equipment manufacturing facility located in Port Manatee is equipped to meet this demand, and the 2019 expansion of our production facilities there demonstrated Air Products’ long-term commitment to this important market,” said Dr. Samir J. Serhan, Air Products’ Chief Operating Officer.

"Bechtel is proud to work with Air Products. Their reliable and proven technology is critical to the design, construction, and operations of Port Arthur LNG," said Paul Marsden, president of Bechtel Energy. "Together with Air Products, Bechtel will deliver a robustly engineered and well-constructed, quality plant for Sempra Infrastructure, enabling them to meet the growing demand for clean, affordable energy."

Under the agreement, Air Products will provide engineering, design and manufacturing of the heat exchanger equipment for the liquefaction sections of two large trains, which will use Air Products’ proprietary AP-C3MR propane pre-cooled mixed refrigerant liquefaction process technology. In addition, Air Products will provide engineering studies and technical advisory services for the installation and startup of each LNG train. The AP-C3MR process is used to produce more LNG than any other process in the world. This process is proven, highly reliable, flexible and has become the industry standard.

Air Products opened its world-class Port Manatee facility in January 2014 and completed a 60% expansion in October 2019 to meet the needs of the ever-growing LNG industry. In October 2018, a new LNG equipment test facility (ETF) was dedicated, which enables Air Products to continually improve the reliability and yield produced from its LNG equipment and to design new equipment.

Air Products’ proprietary LNG process technology and equipment are vital to helping meet the world’s increasing energy needs and desire for clean energy, processes and cryogenically liquefies valuable natural gas for consumer and industrial use. For over 50 years Air Products has manufactured LNG heat exchangers, which currently operate in over 100 LNG trains in 20 countries around the world.

Typically, an LNG heat exchanger can be as large as over 15 feet (5 meters) in diameter and 180 feet (55 meters) long. A finished unit can weigh as much as 500 tons.