ADNOC investment powerhouse XRG is eyeing participation in the 12-million-tpy Argentina LNG project and has signed a preliminary deal with Eni and YPF, the companies said on Tuesday.
Management View Andrew Inglis, Chairman & CEO, reiterated that Kosmos’ key priorities remain unchanged, focusing on growing production, reducing costs, and strengthening the balance sheet. “We’ve made important progress across all 3 of these areas this quarter.” (Chairman & CEO Andrew Inglis) At Jubilee, a new producer well came online in July, delivering around 10,000 […]
Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop the country’s first floating LNG import terminal at the Port of Khor Al Zubair, the company said on Tuesday.
The U.S. Department of Energy (DOE) has issued the final non-Free Trade Agreement (non-FTA) export authorization for Venture Global’s CP2 LNG facility in Cameron Parish, Louisiana — a key regulatory milestone that clears the way for the company’s next phase of growth in the global liquefied natural gas (LNG) market.
The USD 6.7 billion project is fully funded through a mix of debt, private placements and equity, including USD 1.29 billion each from NextDecade and its partners Global Infrastructure Partners, GIC and Mubadala.
North America’s liquefied natural gas export capacity could more than double by 2029 as new terminals across the United States, Canada, and Mexico move toward completion, according to the U.S. Energy Information Administration (EIA). The agency’s latest forecast, reported by Reuters, projects a jump from roughly 14 billion cubic feet per day (bcf/d) in 2024 to more than 29 bcf/d by 2029.
The request comes as Egypt, which only became a net importer of the fuel in 2024 and more than doubled the amount of LNG it bought this year, struggles to assess its demand. The nation purchased a large volume of shipments earlier in 2025, with some of the deals having an element of flexibility.
Commonwealth LNG, a project proposed for Louisiana and originally supposed to be up and running by 2027, will take until 2031 to complete, the company behind it has warned in a request for an extension to its deadline.
EIG Global Energy Partners’ MidOcean Energy said it has entered into definitive agreements to invest in Petroliam Nasional Bhd’s (Petronas) Canadian businesses, including by acquiring a stake in the recently fired up LNG Canada.
The news comes as unnamed sources told Reuters this week that Shell and its partners at LNG Canada were still having trouble ramping up output from the first train of the facility. Train 1 has been having technical difficulties since June, the Reuters sources told the publication, which has meant it was operating at less than half of its capacity, which is also 6.5 million tons annually.