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Nigeria Explores New Gas Strategies for LNG Growth

Oil & Gas‚ Oil and Gas Industry | intent | April 30, 2025 | Comment off

Africa is home to the highest concentration of FLNG infrastructure in the world, underscoring its growing importance in the global gas market. The continent currently boasts an onshore LNG production capacity of approximately 70 Mtpa, accounting for around 14% of the global total. West Africa leads the charge within Sub-Saharan Africa, producing more than half of the region’s LNG last year and is targeting a 50% increase by 2030. At the heart of this growth is Nigeria, which contributes nearly two-thirds of West Africa’s LNG output and over one-third of the continent’s total —cementing its role as a cornerstone of Africa’s LNG ambitions on the global stage.

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ADNOC signs term LNG offtake with two Chinese buyers

Oil & Gas‚ Oil and Gas Industry | intent | April 22, 2025 | Comment off

ADNOC has signed term deals for the supply of LNG with Chinese buyers ENN Natural Gas and state-owned Zenhua Oil, Reuters reported on Saturday.

Privately owned natural gas company ENN Natural Gas agreed to buy about 1 million tonnes per year for a period of 15 years. The deal represents ADNOC’s largest-ever LNG supply contract with a Chinese buyer, according to the report.

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TotalEnergies Agrees 15-year LNG Supply Deal with Enadom

Oil & Gas‚ Oil and Gas Industry | intent | April 17, 2025 | Comment off

Global energy major TotalEnergies SE signed a heads of agreement (HoA) with Energia Natural Dominicana Enadom, S.R.L. (Enadom) for the delivery of 400,000 tons of liquefied natural gas (LNG) per year. TotalEnergies said in a media release that the HoA with the joint venture between AES Dominicana and Energas in the Dominican Republic is subject to the finalization of sale and purchase agreements (SPAs). Once the SPAs are signed, the agreement will start in mid-2027, with a 15-year term, and the price will be indexed to Henry Hub.

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You Can’t LNG Your Way Out of a Trade Deficit

Oil & Gas‚ Oil and Gas Industry | intent | April 14, 2025 | Comment off

Taiwan was slapped with a 32% tariff, which has been halted for 90 days, although it had just made some big commitments to invest in the U.S., including in U.S. energy projects. Last month, Taiwan’s state-held oil and gas company CPC Corporation signed a letter of intent to invest in the $44-billion Alaska LNG export project and buy LNG from it as part of a move to bolster its gas supply and energy security.

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LNG Canada Moves Closer to Launch

Oil & Gas‚ Oil and Gas Industry | intent | April 3, 2025 | Comment off

LNG Canada is the country’s first project for the export of superchilled fuel, with a focus on Asian markets as the biggest demand driver. Eventually, however, Canada could potentially supply 36.2 million tons of LNG per year by 2040, according to estimates by Wood Mackenzie. That’s despite statements by the previous Canadian government that there was no business case for liquefied natural gas in the country. The statements were made in response to a request by the former German chancellor, Olaf Scholz, for potential LNG supply deals with Canada.

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Shell CEO seen focusing on LNG as key part of growth strategy

Oil & Gas‚ Oil and Gas Industry | intent | March 25, 2025 | Comment off

Shell Plc will update its strategy on Tuesday, just a month after rival bp Plc unveiled a fundamental “reset.”

Shell CEO Wael Sawan is in the final stages of a two-year effort to shake up Shell by cutting costs, improving reliability and shedding under-performing units. Analysts and investors will be looking for plans for growth at the company’s crucial liquefied natural gas business and reassurance on oil reserves.

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