Technip Energies Awarded a Substantial Contract for TotalEnergies and OQ’s Marsa LNG Project in Oman

Technip Energies (PARIS: TE), has been awarded a substantial contract by TotalEnergies and OQ for the Marsa LNG bunkering project located in Sohar, Oman.

The contract covers Engineering, Procurement and Construction (EPC) of a natural gas liquefaction train with an LNG production capacity of 1 Mtpa. The plant will use electric-driven motors instead of conventional gas turbines and will be powered by renewable electricity from a planned nearby solar farm which will cover 100% of the annual power consumption of the LNG plant. This is positioning the site as one of the lowest greenhouse gases intensity LNG plants ever built worldwide. The LNG produced will notably be used as a marine fuel to reduce the sipping industry’s carbon footprint.

The Marsa LNG project is an integrated complex developed by TotalEnergies (80%) and OQ (20%).

Arnaud Pieton, CEO of Technip Energies, commented, “The world’s net-zero trajectory will require LNG as a critical source of energy, while addressing emissions abatement. TotalEnergies and OQ’s progressive Marsa LNG project is an example of how we can decarbonize the LNG value chain by powering its production with renewable energy and using it as a marine fuel to reduce emissions linked to maritime transportation. By leveraging our innovation and global leadership in LNG infrastructure design and delivery, we are proud to support TotalEnergies and the Sultanate of Oman in providing reliable, affordable and sustainable energy to the world.”

Oman: TotalEnergies launches the Marsa LNG project and deploys its multi-energy strategy in the Sultanate of Oman

During a visit in Muscat on April 21st, Patrick Pouyanné, Chairman and CEO of TotalEnergies met with His Majesty Sultan Haitham bin Tariq Al Said and His Excellency Eng. Salim bin Nasser Al Aufi, Minister of Energy & Minerals, to reaffirm the long-term partnership between TotalEnergies and the Sultanate of Oman.

On the occasion of this visit, Patrick Pouyanné and Mr. Mulham Basheer Al Jarf, Chairman of OQ, the Oman National Oil Company, announced the Final Investment Decision (FID) of the Marsa LNG project.

TotalEnergies had signed a Sale and Purchase Agreement (SPA) with Oman LNG to offtake 0.8 Mtpa of LNG for ten years from 2025, making the Company one of the main offtaker of Oman LNG's production.

Finally, TotalEnergies (49%) and OQ Alternative Energy (51%), the national renewable energy champion, have confirmed being at an advanced stage of discussions to jointly develop a portfolio of up to 800 MW, including the 300 MWp solar project that will supply Marsa LNG

Marsa LNG, an innovative integrated project

Through their joint company Marsa Liquefied Natural Gas (“Marsa”), TotalEnergies (80%) and OQ (20%) launch the integrated Marsa LNG project which combines:

• upstream gas production: 150 Mcf/d of natural gas, coming from the 33.19% interest held by Marsa in the Mabrouk North-East field on onshore Block 10, which will provide the required feedstock for the LNG plant. Block 10 production started in January 2023 and reached plateau in April 2024. The FID allows Marsa LNG to extend its rights in Block 10 until its term in 2050.
• downstream gas liquefaction: a 1 Mt/y capacity LNG liquefaction plant will be built in the port of Sohar. The LNG production is expected to start by first quarter 2028 and is primarily intended to serve the marine fuel market (LNG bunkering) in the Gulf. LNG quantities not sold as bunker fuel will be off-taken by TotalEnergies (80%) and OQ (20%).
• renewable power generation: a dedicated 300 MWp PV solar plant will be built to cover 100% of the annual power consumption of the LNG plant, allowing a significant reduction in greenhouse gas emissions.

Setting very low carbon intensity standards for the next generation of LNG plants

The Marsa LNG plant will be 100% electrically driven and supplied with solar power, positioning the site as one of the lowest GHG emissions intensity LNG plants ever built worldwide, with a GHG intensity below 3 kg CO2e/boe. (for reference, the average emission intensity of LNG plants is around 35 kg CO2e/boe - this represents a reduction in emissions of more than 90%).

The main Engineering, Procurement and Construction contracts have been awarded to Technip Energies for the LNG plant and to CB&I for the 165,000 m3 LNG tank.

The Marsa LNG project will generate long-term employment opportunities and significant socio-economic benefits for the city of Sohar and the region.

The first LNG bunkering hub in the Middle East

The ambition of the Marsa LNG project is to serve as the first LNG bunkering hub in the Middle East, showcasing an available and competitive alternative marine fuel to reduce the shipping industry's emissions. Compared to conventional marine fuel, LNG helps to cut:

• Greenhouse gas emissions by up to 23%,
• Nitrogen oxide emissions by up to 85%.
• Sulfur emissions by 99%,
• Fine particle emissions by 99%.

“We are proud to open a new chapter in our history in the Sultanate of Oman with the launch of the Marsa LNG project, together with our partner OQ, demonstrating our long-term commitment to the country. We are especially pleased to deploy the two pillars of our transition strategy, LNG and renewables, and thus support the Sultanate on a new scale in the sustainable development of its energy resources”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “This very innovative project illustrates our pioneer spirit and showcases the relevance of our integrated multi-energy strategy, with the ambition of being a responsible player in the energy transition. By paving the way for the next generation of very low emission LNG plants, Marsa LNG is contributing to making gas a long-term transition energy.”

Glenfarne Energy Transition’s Texas LNG Sells Over Half of Offtake with an Additional LNG Tolling Agreement with EQT

Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, and a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), has signed a second Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services for an additional 1.5 MTPA of LNG over 20 years. This transaction expands Texas LNG’s total HOA volume with EQT to 2 MTPA. Final terms remain subject to the negotiation of a definitive 20-year LNG tolling agreement. With this transaction and Texas LNG’s recently announced offtake agreement with Gunvor, only 1.5 MTPA of additional offtake is pending public announcement to reach Texas LNG’s fully permitted capacity.

“We are proud to expand our partnership with EQT with today’s announcement. Texas LNG has sold more than half of its permitted capacity. With this announcement with EQT and additional offtake sales to be announced soon, we will reach financial close and the start of construction in the fourth quarter this year,” said Brendan Duval, Glenfarne CEO and Founder.

Glenfarne, a developer, owner, and operator of energy transition infrastructure, is the majority owner and managing member of Texas LNG. Glenfarne is also the sole owner and developer of the 8.8 MTPA Magnolia LNG in Lake Charles, Louisiana.

Texas LNG will commence commercial operations in 2028. Texas LNG and EQT announced an initial agreement in January 2024 for 0.5 MTPA of tolling capacity.

Glenfarne Energy Transition’s Texas LNG Announces LNG Offtake Agreement with Gunvor Group

Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), has signed a Heads of Agreement (“HOA”) with Gunvor Group through its subsidiary Gunvor Singapore Pte Ltd (“Gunvor”) for a 20-year LNG FOB sale and purchase agreement (“SPA”) for 0.5 MTPA of LNG from Texas LNG.

“We’re thrilled to welcome Gunvor to our portfolio of customers, connecting Texas LNG, one of the lowest-emitting liquefaction facilities in the world, with global economies in need of reliable, sustainable energy,” said Brendan Duval, CEO and Founder, Glenfarne Energy Transition and Co-President of Texas LNG.

“With the previously announced commencement of the execution phase of the project financing process, this agreement aligns with our plan to take a final investment decision on Texas LNG this year,” said Vlad Bluzer, Co-President of Texas LNG.

“We are pleased to have executed this agreement and become one of the foundation buyers of the Texas LNG project. Gunvor continues to support US LNG export projects, unlocking new supplies for the global energy market and providing energy security especially to our customers in Europe and Asia” said Kalpesh Patel, Co-Head of LNG Trading of Gunvor.

Today’s news follows Texas LNG’s recently announced LNG tolling agreement with EQT Corporation (“EQT”). Texas LNG also recently announced partnerships with Baker Hughes, ABB and Gulf LNG Tugs of Texas. These partnerships total nearly one billion dollars of investment into the project.

Glenfarne Energy Transition, a developer, owner, and operator of energy transition infrastructure, is the majority owner and managing member of Texas LNG. Texas LNG will achieve financial close and begin construction in 2024 commencing commercial operations in 2028. Glenfarne Energy Transition is also the sole owner and developer of the 8.8 MTPA Magnolia LNG in Lake Charles, Louisiana.

ADNOC Signs Second Long-Term Heads of Agreement for Ruwais LNG Project

ADNOC announced today the signing of a 15-year Heads of Agreement (LNG agreement) with SEFE Marketing & Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).
The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi. The Ruwais LNG plant has been designed to run on clean power and will leverage the latest technologies and Artificial Intelligence (AI) tools to drive efficiency. This is the second long-term LNG supply agreement from the Ruwais LNG project, following the 15-year agreement with China’s ENN Natural Gas signed in December 2023. The deliveries are expected to start in 2028, upon commencement of the facility’s commercial operations.

Fatema Al Nuaimi, Executive Vice President, Downstream Business Management at ADNOC said: “This LNG agreement, the first with a European company from the Ruwais lower-carbon LNG project, underscores ADNOC’s position as a reliable and responsible global energy provider. Gas accounts for almost a quarter of Germany’s primary energy use, and we look forward to supporting its efforts to diversify its energy sources and enhance its energy security.”

This LNG supply agreement reinforces the Energy Security and Industry Accelerator (ESIA) agreement, signed by the UAE and Germany in 2022, further strengthening bilateral cooperation in energy security, decarbonization and climate action. It builds upon ADNOC's delivery of the first LNG cargo from the Middle East to Germany in 2023.

Frédéric Barnaud, Chief Executive Officer of SEFE Marketing & Trading and Chief Commercial Officer of SEFE, said: “SEFE and ADNOC have a long and productive partnership, spanning over 15 years. This LNG supply agreement for the Ruwais LNG project, set to be one of the lowest-carbon intensity LNG projects in the world, marks the start of a new chapter. We aim to further build on our existing relationship and explore joint low-carbon energy developments.”

Natural gas plays a crucial role as a transitional fuel, generating lower-carbon emissions compared to other fossil fuels. The Ruwais LNG project is set to be the first LNG export facility in the Middle East and North Africa region to run on clean power. When completed, the project, which consists of two 4.8mmtpa LNG liquefaction trains with a total capacity of 9.6mmtpa, will more than double ADNOC’s LNG production capacity to around 15mmtpa, to help meet increased global demand for natural gas. The project is being designed to leverage AI, digitalization and the latest advanced technology to drive efficiency and safety across the new facility.

The LNG agreement is contingent upon a final investment decision (FID) on the project, including regulatory approvals, and the negotiation of a definitive Sale and Purchase Agreement between the two companies.

ADNOC Issues Early EPC Award for Ruwais LNG Project

ADNOC announced today that it has issued a Limited Notice to Proceed (LNTP) for early engineering, procurement and construction (EPC) activities to a joint venture, led by Technip Energies, with JGC Corporation and National Petroleum Construction Company PJSC for its low-carbon liquefied natural gas (LNG) project in Al Ruwais Industrial City, Abu Dhabi.
With the Final Investment Decision (FID) expected this year, the Ruwais LNG project is set to be the first LNG export facility in the Middle East and North Africa region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world.

Fatema Al Nuaimi, Executive Vice President, Downstream Business Management at ADNOC, said: The Ruwais LNG project will reinforce ADNOC’s position as a reliable global natural gas supplier, underscoring its pivotal role and contribution to global energy security. The project is set to significantly contribute to the Al Dhafra region’s economy by boosting the local industrial ecosystem, attracting further investments and creating a vital energy trade gateway in Al Ruwais Industrial City.”

Once completed, the project will consist of two 4.8 million metric tonnes per annum (mmtpa) LNG liquefaction trains with a total capacity of 9.6mmtpa, and is set to more than double ADNOC’s LNG production capacity, from 6mmtpa to around 15mmtpa.

Natural gas is a key transition fuel and the low-carbon LNG project in Al Ruwais Industrial City underscores ADNOC’s commitment to decarbonization, sustainability and innovation.

New Fortress Energy Places Barcarena LNG Terminal in Pará, Brazil into Operation

New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today announced that its 6 MTPA (300 TBtu) Barcarena LNG terminal located in Pará, Brazil is now operational with the Energos Celsius Floating Storage Regasification Unit (FSRU) on-site. NFE cohosted an event on-site to celebrate the terminal’s commissioning with the state government of Pará and the Ministry of Mines and Energy for Brazil, including Helder Barbalho, the Governor of Pará, and Alexandre Silveira, the Minister of Mines and Energy for Brazil.

NFE’s Barcarena LNG terminal is strategically located at the mouth of the Amazon River in Pará, Brazil and serves as the sole natural gas supply source in the state of Pará and the North region of Brazil. The facility consists of an offshore terminal and FSRU that will supply LNG to several industrial customers, including a 15-year contract with Norsk Hydro’s Alunorte refinery, the largest alumina refinery in the world. The terminal will not only support industrial development but also reduce emissions and pollution in the environmentally sensitive Amazon region by providing a cleaner, affordable and reliable alternative to oil-based fuels.

NFE expects to immediately begin delivering natural gas to Norsk Hydro’s Alunorte refinery under a 15-year gas supply agreement. NFE will supply the alumina production facility with approximately 30 TBtus of natural gas annually, reducing the refinery’s annual CO2 emissions by an estimated 700,000 tonnes per annum and supporting Norsk Hydro's global commitment to reduce greenhouse gas emissions by 30% by 2030.

The Barcarena terminal will also supply natural gas to NFE’s 630 MW power plant, which is currently under construction adjacent to the Barcarena terminal. The power plant remains on track to achieve COD in the third quarter of 2025 and is approximately 50% complete. Additionally, the company intends to utilize its existing infrastructure in place in Barcarena to strategically expand its power complex by 1.6 GW under the previously announced New Power Project PPA, with an expected COD no later than July 2026. NFE has applied to transfer the New Power Project PPA to a permitted site adjacent to the Barcarena terminal and expects close the acquisition in the first quarter of 2024, subject to regulatory approval.

“Our Barcarena complex is a great example of NFE’s fully integrated LNG-to-power business model, where our LNG import terminal provides a significant competitive advantage. We are honored to support Brazil, the state of Pará, and Norsk Hydro in their decarbonization efforts while growing energy supply and economic opportunity in the region,” said Wes Edens, Chairman and CEO of New Fortress Energy.

Singapore: TotalEnergies to Supply Sembcorp with 0.8 Mtpa of LNG for 16 Years

TotalEnergies has signed a sale and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries. The deal entails the delivery of up to 0.8 million tons of liquefied natural gas (LNG) per annum (Mtpa) for a duration of sixteen years, commencing in 2027. The LNG will be sourced from TotalEnergies’ global portfolio. This new agreement adds to the companies’ current SPA, which runs until 2029.

By supplying this additional LNG supply to Singapore, TotalEnergies is contributing to the country’s energy security and to its decarbonization goals. This deal also reflects TotalEnergies’ commitment to supporting its customers in their transition to greater sustainability.

The President of the Republic of the Congo, the Chairman of the Board of Directors of Eni and the CEO of Eni celebrate Congo’s first LNG cargo

In the occasion of the first shipment of LNG from the Republic of the Congo, the President of the Republic of the Congo Denis Sassou-N'Guesso, the Chairman of the Board of Directors of Eni Giuseppe Zafarana, and the CEO of Eni Claudio Descalzi celebrated the successful start-up of LNG production in the country. With the first cargo, the Republic of the Congo enters the group of LNG exporting countries, opening up opportunities for economic growth while contributing to global energy balance.

Eni CEO Claudio Descalzi commented that: “The first cargo of LNG from Congo is the result of the strong commitment of Eni and its partners and of the unwavering support of the Government of the Republic of the Congo. Eni and the local partners shared work forces, know-how and technologies, ensuring additional revenues to the country while contributing to Europe’s energy security.”

The Congo LNG project, sanctioned in December 2022, came on stream after just 1 year, in line with the initial timeline: an achievement made possible by Eni's distinctive phased and parallelized approach and its highly efficient execution plan. The first LNG cargo is currently being loaded and will sail to Piombino’s regasification terminal, in Italy, in the coming days.

The project, situated within the Marine XII permit, will achieve a plateau gas liquefaction capacity of approximately 4.5 billion cubic meters per annum and will mark zero flaring from operated activities in country. The volumes will be marketed by Eni, strengthening and expanding the company’s LNG portfolio, and supporting efforts towards energy security and transition.

Eni is present in Congo since 1968 and is the only company active in the development of the country's gas resources: it currently supplies gas to the Centrale Électrique du Congo (CEC), which provides 70% of the country's power generation capacity. Eni is strongly committed to promoting the energy transition in the country through several initiatives, including the Oyo Center of Excellence for Renewable Energy and Energy Efficiency, promoted and supported by Eni and managed by the Ministry of Higher Education, Scientific Research and Technological Innovation of the Republic of the Congo together with UNIDO (United Nations Industrial Development Organization). In addition, Eni is including Congo in the value chain of sustainable mobility through the production of agri-feedstock for biorefining, and promotes clean cooking initiatives, to reduce biomass consumption and the emissions associated with combustion.

Woodside To Sell 15.1% Scarborough Interest To JERA

Woodside has broadened its strategic relationship with JERA through a transaction that involves three core elements: equity in the Scarborough Joint Venture; LNG offtake; and collaboration on opportunities in new energy and lower carbon services. 

Woodside has executed a binding sale and purchase agreement with JERA for the sale of a 15.1% non-operating participating interest in the Scarborough Joint Venture (JV) for an estimated total consideration of US$1,400 million.2 This comprises the purchase price of approximately $740 million, and reimbursement to Woodside for JERA’s share of expenditure incurred from the transaction effective date of 1 January 2022. Completion of the transaction is expected in the second half of 2024. 

Woodside and JERA have also entered into a non-binding heads of agreement for the sale and purchase of six LNG cargoes on a delivered ex-ship basis per year for 10 years commencing in 2026 from Woodside’s global portfolio. 

A non-binding agreement for new energy collaboration including potential opportunities in ammonia, hydrogen, carbon management technology and carbon capture and storage was also signed to support common decarbonisation ambitions. 

Woodside CEO Meg O’Neill welcomed the broadened strategic relationship with JERA. 

“Woodside welcomes Japan’s largest utility, JERA, into the Scarborough Joint Venture. This builds on a long history of collaboration, starting in 1989 with LNG sales from the North West Shelf to JERA’s parent companies Tokyo Electric and Chubu Electric. “JERA’s participation in the Scarborough Joint Venture, which will also include LNG Japan, is a further demonstration of the importance of the project to Japanese customers and confidence in long-term demand.

“Scarborough is a world-class project which will provide reliable energy for our customers in the Asian region, including in Japan. LNG continues to be an important energy source for Japan and one which supports the country’s decarbonisation ambitions. 

“In Australia, the Scarborough Energy Project will provide local jobs and contracting opportunities and deliver tax revenue to State and Federal Governments. 

“We are also looking forward to exploring new energy and business opportunities alongside JERA. These have the potential to further our shared ambitions to develop new energy value chains between Australia and Japan,” she said. 

Yukio Kani, JERA Global CEO and Chair said, “Solving the world's energy issues requires deep collaboration to tackle challenges one by one with reliable partners. I am grateful for the open and engaging dialogue I have had with Woodside CEO Meg O’Neill. I look forward to further developing our relationship with Woodside, a global player in LNG, and to promote new initiatives to achieve decarbonisation.” 

Completion of the Scarborough equity transaction is subject to conditions precedent including Foreign Investment Review Board approval, National Offshore Petroleum Titles Administrator approvals, Western Australian Government approvals and satisfaction of requisite financing approvals. 

The transaction also includes an option for JERA to acquire a 15.1% non-operating participating interest in the Thebe and Jupiter fields as well as a non-binding agreement that outlines a long-term collaboration to pursue opportunities for additional feed gas and joint investment in offshore gas fields for future tieback to the Pluto LNG facility via Scarborough infrastructure. A non-binding agreement has also been signed for Woodside to provide carbon management services to assist JERA to meet its obligations associated with its share of carbon emissions from the Scarborough Joint Venture. 

Following completion of the sale of equity to JERA, Woodside will hold a 74.9% interest in the Scarborough Joint Venture and remain as operator.

About Scarborough 

The Scarborough Energy Project comprises the Scarborough Joint Venture, the Pluto Train 2 Joint Venture and modifications to Pluto Train 1 to process Scarborough gas. The Scarborough Joint Venture includes the Scarborough field and associated offshore and subsea infrastructure. 

The Scarborough field is located approximately 375 km off the coast of Western Australia and the reservoir contains less than 0.1% carbon dioxide. Scarborough gas will be processed at the Pluto LNG facility, where Woodside is currently constructing Pluto Train 2. Woodside is operator of Pluto LNG and Pluto Train 2. 

In August 2023, Woodside entered into a sale and purchase agreement with LNG Japan for the sale of a 10% non-operating participating interest in the Scarborough Joint Venture.

Chesapeake Energy Corporation, Delfin LNG And Gunvor Sign Long-Term LNG Liquefaction Offtake Agreement Indexed To Japan Korea Marker

Chesapeake Energy Corporation (NASDAQ: CHK, together with certain of its subsidiaries, collectively, "Chesapeake"), Delfin LNG LLC ("Delfin") and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd ("Gunvor"), today announced the entrance into a liquefied natural gas (LNG) export deal that includes executed Sales and Purchase Agreements ("SPA") for long-term liquefaction offtake.

Under the SPA, Chesapeake will purchase approximately 0.5 million tonnes ("mtpa") of LNG per annum from Delfin at a Henry Hub price and contract targeted start date in 2028 then deliver to Gunvor on an FOB basis with the sales price linked to the Japan Korea Marker ("JKM") for a period of 20 years. These volumes will represent 0.5 mtpa of the previously announced up to 2 mtpa HOA with Gunvor.

Nick Dell'Osso, Chesapeake President and CEO, said, "Today's announcement cements an important step on our path to 'Be LNG Ready' and is further recognition of the depth of our portfolio and strength of our financial position. We are pleased to formalize our agreement which provides diversification and access to global LNG pricing while enabling the delivery of affordable, reliable, lower carbon energy to markets in need."

Dudley Poston, Delfin CEO, said: "We are excited to partner with a premier company like Chesapeake. We believe our unique liquefaction solution provides Chesapeake with commercial flexibility with a reduced environmental footprint, while providing a much-needed source of additional supply to key US allies and the global LNG market."

Kalpesh Patel, Co-Head of LNG Trading and a member of the Executive Committee of Gunvor, said, "This deal represents an important step in finalizing the 0.5 mtpa out of our total of 2.0 mtpa arrangement with Chesapeake, while expanding our existing cooperation with Delfin. We continue to provide reliable and competitive logistics services to our partners by utilizing our fleet consisting of vessels procured via term charters and equity ownership. Gunvor looks forward to establishing additional agreements with the companies in the near future."

VNG H&V signs gas supply contract with Algerian state-owned energy company SONATRACH

Leipzig-based gas trader VNG Handel & Vertrieb GmbH (VNG H&V), a 100% subsidiary of VNG AG, and the Algerian state-owned energy company SONATRACH have reached an important milestone with the signing of a medium-term gas supply contract. The agreement was signed on February 8, 2024 in Algiers, Algeria, and underscores the close cooperation between the two companies.

Ulf Heitmüller, Chairman of the Board of Management of VNG AG, commented on the conclusion of the contract: "We are delighted that we have successfully concluded a gas supply contract with Sonatrach. VNG is thus the first German company to purchase pipeline gas from Algeria. The contract lays the foundation for a trusting supply relationship, opens up new perspectives and strengthens the German-Algerian energy partnership. In addition to natural gas from Algeria as an important raw material for the energy transition, the long-term goal is to establish a hydrogen partnership with Sonatrach and to import green hydrogen from Algeria to Germany in the future. The purchase and transit of Algerian pipeline gas to Germany is an additional diversification of our supply portfolio, underlines our position as a reliable partner for our customers and makes an important contribution to security of supply."

Rachid Hachichi, CEO of SONATRACH, said: "We are very pleased to strengthen our energy partnerships with Europe through the landmark agreement with VNG. It marks the beginning of natural gas deliveries to Germany. We see great potential to further expand this cooperation and expand it to other areas of the energy value chain, such as hydrogen, in the future."

Grain LNG signs new deal with Venture Global further strengthening the security of supply of LNG to the United Kingdom

 Today (5 February), Grain LNG and Venture Global have announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s LNG terminals in Louisiana, including CP2 LNG, subject to obtaining necessary federal permits.

Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum (3MTPA) of LNG storage and regasification capacity at the Isle of Grain LNG receiving terminal for sixteen years beginning in 2029, equivalent of up to 5% of average UK gas demand.

This is the second agreement from Grain LNG’s competitive auction process which was launched in September 2023. The successful outcome of the auction further secures the future of Europe’s largest LNG import terminal into the mid 2040s.

Currently undergoing a significant expansion, Grain LNG will soon have enough regasification capacity to service approximately one third of the UK’s gas demand, serving as a gateway to the UK energy market as well as the broader European region. The UK has recently seen a significant rise in LNG imports as Europe has diversified its LNG sources.

With volumes across its projects - Calcasieu Pass, Plaquemines LNG and CP2 LNG - this investment will bolster Venture Global’s status as a strategic supplier to Europe. This flexibility and access to Venture Global’s volumes will be critical to the UK and Europe’s efforts to replace LNG volumes from other suppliers. To date, Venture Global has exported about 75% of its cargoes to Europe.

Katie Jackson, President of National Grid Ventures said: “I’m delighted that we are today able to announce the second result from our September auction, commencing a long term partnership with Venture Global. LNG imports play a critical role in making sure the whole of the UK has the gas it needs, when it needs it, providing a flexible and reliable supply of gas to heat peoples’ homes.

The UK has recently seen a significant rise in LNG imports as Europe has sought alternative energy sources. The addition of our first US customer further diversifies our supplier base, underpins UK consumers’ energy security and guarantees the future of our world-class site out to 2045.”

Mike Sabel, CEO of Venture Global said: "Venture Global is thrilled to announce our first investment in LNG infrastructure outside of the United States, bolstering our ability to supply LNG from all our projects. The Grain LNG terminal is an important gateway to the broader European market, and we look forward to supplying the region through this new access point for years to come.”

Excelerate Energy Signs 15-Year LNG Supply Deal with QatarEnergy

Excelerate Energy, Inc. (NYSE: EE) (the Company or Excelerate) and QatarEnergy announced today the execution of a 15-year liquefied natural gas (“LNG”) Sales and Purchase agreement (“SPA”). Under the SPA, Excelerate has agreed to purchase up to 1.0 million tonnes per annum (“MTPA”) of LNG from QatarEnergy on a delivered ex-ship basis in Bangladesh for 15 years, beginning January 2026. Excelerate will purchase 0.85 MTPA of LNG in 2026 and 2027 and 1.0 MTPA from 2028 to 2040.

“This inaugural long term supply agreement with the world’s largest LNG supplier marks a new milestone in our collaboration with QatarEnergy. Qatar delivers approximately 10 percent of its current annual LNG production through Excelerate FSRUs and we are pleased to unlock further new demand in the markets where we operate,” said Steven Kobos, President and Chief Executive Officer of Excelerate. “This agreement highlights our ability to secure critical and affordable LNG volumes for our customers with increasing natural gas demand, while driving stable, long-term economic uplift on our existing infrastructure.”

Commenting on this occasion, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “We are pleased to sign this agreement with Excelerate for the supply of up to one million tons per annum of LNG to Bangladesh. This new agreement will further strengthen our relationship with Excelerate while also supporting the energy requirements of the People’s Republic of Bangladesh and its stride towards greater economic development.”

As a leading provider of flexible LNG infrastructure and integrated solutions, Excelerate Energy is helping to enhance energy security for countries around the world, while supporting their transition to a clean energy future.

Wison New Energies Spearheads the Design validation and Pre-FEED for two 3MTPA FLNG Projects in Nigeria

The Design validation and Pre-FEED phase for two 3MTPA FLNG Projects of Ace Gas and FLNG (“ACE”), and Transoceanic Gas and Power （“Transoceanic”）officially commences. In this project, Wison New Energies is entrusted with the FLNG design and EPC. The contract has been successfully signed, and mobilization funds have been disbursed for this phase of the project.

The agreement is to provide the design validation and engineering studies for the design of a 3MPTA facility to support the "design one and build two strategies "to be applied across Ace and Transoceanic projects in offshore Escravos and offshore Pennington respectively. The FLNG will produce, store and offload 3MPTA LNG and associated LPG and condensates for transport to market.

Commenting on the milestone, Mr. Chris Nwokolo - Group CEO from Ace Gas and FLNG said "We’re excited about the collaboration with Wison New Energies. We thank our team, partners and the government for their efforts and support in ensuring this project becomes a reality.”

Mr. Fan Jian, Country Manager of Nigeria from Wison New Energies, remarked “Wison is excited to see the project has been officially entering into the pre-FEED stage. We’re confident that our FLNG EPCIC experience will guarantee a successful and efficient delivery. We are excited about advancing to the next stage in the near future.”

EQT Announces Tolling Agreement with Texas LNG

EQT Corporation (NYSE: EQT) ("EQT" or the "Company") today announced it has entered into a Heads of Agreement ("HOA") for liquefaction services from Texas LNG's facility in Brownsville, Texas to produce 0.5 million tons per annum of LNG under a 15-year tolling agreement. Final terms remain subject to negotiation of a definitive agreement between the parties. Texas LNG, a subsidiary of Glenfarne Energy Transition, LLC, anticipates a final investment decision on the project in 2024, with first cargo deliveries expected in 2028.

Toby Z. Rice, President and CEO, said, "This HOA with Texas LNG highlights continued momentum behind EQT's differentiated LNG strategy, which is focused on achieving the best combination of upside exposure and downside risk mitigation. Our tolling capacity gives us direct connectivity to end users of natural gas globally, allowing for end-market structuring flexibility and superior downside protection."

Rice continued, "EQT's low-cost structure, peer-leading core inventory depth and environmental attributes uniquely position us to compete and win in the global energy arena and we believe the international market will increasingly covet our molecules as a long-duration secure supply source that can drive meaningful emissions reductions via coal displacement."

KN Becomes Commercial Manager of Four German LNG Terminals

International energy terminal operator KN (KN Energies AB starting 10th January 2024) is kicking off the year 2024 by securing the public tender for the commercial management of four German liquefied natural gas (LNG) terminals on the North Sea coast. The company has signed contract with Deutsche Energy Terminal GmbH (DET), the German state-owned company that operates state-controlled LNG terminals.

 
On behalf of the German Federal Ministry for Economics Affairs and Climate Action, the DET operates Germany's first LNG terminals on the North Sea coast, 

• the Wilhelmshaven 1 LNG Terminal 
• Brunsbüttel LNG Terminal. 

Additionally, DET will operate two upcoming terminals: 

• the second LNG terminal in Wilhelmshaven
• LNG terminal in Stade on the Lower Elbe River.

The two-year contract between KN and DET covers the commercial management of all four LNG terminals. Until now, KN already provided these services for the 1 Wilhelmshaven and Brunsbüttel LNG terminals, but after DET took over the management of these facilities, a new tender was launched for the consolidated commercial management of four LNG terminals.

In recent years Germany is rapidly embarking on the development of the construction of floating LNG terminals in order to provide new sources of supply for LNG following the failure of gas supplies via pipelines from Russia. The German Government is using the state-owned liquefied natural gas terminals to secure reliable energy supplies to the federal market. Germany is expected to have a total of five FSRU-based LNG import terminals within this year, four of which will be operated by DET.

According to the contract signed by KN and DET, commercial management services for the four LNG terminals will include managing commercial and logistics operations, gas dispatching processes, accounting and reporting of the commercial activities to the DET, development and provision of IT systems and tools and other terminal operational services adapted to the customer’s needs.

The contract also includes a commitment to capacity building and knowledge transfer of KN expertise to DET staff. During the term of the contract, the objective is to train the local team to be able to ensure the commercial operation of the terminals themselves.

Darius Šilenskis, CEO of KN, is confident that the success in securing the tender can be attributed to the experience already gained by KN in the German market.

“By providing commercial management services to two German LNG terminals, we have had the opportunity to demonstrate unique competences, expertise, professionalism, and the ability to meet customers' expectations in a qualitative and prompt manner," Mr. Šilenskis stated.

KN CEO emphasizes that assuming a more significant role in the German LNG terminal projects will enhance KN's position in the European LNG terminal market. The company consistently adheres to its strategic direction of being the first choice for customers involved in the development of LNG terminals worldwide.

Dr. Peter Röttgen, Managing Director of DET is satisfied with the result of the tender: “After our initial positive experience of working together with KN at our sites in Brunsbüttel and Wilhelmshaven, we are now looking forward to continuing this fruitful and professional collaboration for all DET sites.”

KN is an international energy terminal operator responsible for ensuring safe and reliable flows of liquid energy, loading of chemicals and raw materials for Baltic consumers, while also using the company’s knowledge and skills to assist clients around the world in developing sustainable energy infrastructure projects. The company currently operates three terminals for liquid energy products in Klaipėda, Subačius, and Marijampolė, and is also the operator of liquefied natural gas (LNG) terminals in Lithuania and Brazil. To date, the company has contributed to more than 10 different LNG projects around the world.

Cedar LNG awards EPC contract for state-of-the-art floating LNG production unit

The Haisla Nation and Pembina Pipeline Corporation (Pembina) (TSX: PPL) (NYSE: PBA), partners in the development of the proposed Cedar LNG Project (Cedar LNG), today announced Samsung Heavy Industries (SHI) and Black & Veatch have been selected to provide engineering, procurement and construction for the design, fabrication and delivery of the Project's floating LNG production unit (FLNG), subject to a Final Investment Decision (FID).

"This is a critical milestone on our path towards a FID for Cedar LNG, the first Indigenous majority-owned LNG project in the world," said Doug Arnell, Cedar LNG Chief Executive Officer. "We have secured world-class FLNG expertise and look forward to working with SHI and Black & Veatch to build an LNG facility with one of the cleanest environmental profiles in the world that will usher in a new era of low carbon, sustainable LNG production."

"Our role in helping Cedar LNG make history on this world-class facility aligns with our commitment to deliver a reliable and resilient global energy supply as a leader in the world's energy transition," said Mario Azar, Black & Veatch Chairman & Chief Executive Officer.

Cedar LNG now has major regulatory approvals, signed memorandums of understanding for long-term liquefaction services for the project's total LNG capacity, and with the achievement of this milestone, the Project is at an advanced stage of planning and development with a FID expected by the end of the first quarter 2024.

Subject to a positive FID, onshore construction work for the project could commence as early as the second quarter 2024, with the delivery of the FLNG and substantial completion expected in 2028.