Turkey has signed a key liquefied natural gas purchase agreement with Oman for 1.4 billion cubic metres of annual gas imports for 10 years.
A wave of freezing weather is sweeping across Asia and will likely boost energy demand on the continent as the thermometer plunges deep below zero
Various parties to the Tema LNG Project have agreed on an amendment to the Commercial Agreements, which effectively frees the national oil agreement from its earlier commitment to be paying for regasified liquefied natural gas now, even at volumes significantly reduced in 2019.
Three international oil and gas firms have signed a memorandum of understanding (MoU) for the construction of a $5 billion floating liquefied natural gas (LNG) facility in Nigeria, The Punch newspaper said.
Floating LNG projects are becoming increasingly popular as Europe races against time to get its hands on as much natural gas as soon as possible, and developers look for cheaper and faster options to monetize gas resources. Just this month, a new floating LNG (FLNG) platform began to export gas from Mozambique to Europe, while several FLNG and floating storage regasification units (FSRUs) have already been set up in Europe, just a few months after the Russian invasion of Ukraine upended the EU’s energy policy.
In the past and under normal circumstances, spot LNG has experienced peaks and troughs in demand and pricing mostly based on seasonal peaks for summer and winter in the main northern hemisphere markets of Europe and North Asia.
New LNG projects are driven mainly by a short-term increase in natural gas demand in Europe and Asia.
Egypt needs to improve regional stability and energy ties to fully benefit from its hydrocarbon exports