Project Progress & Updates

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The potential for floating liquefaction facilities to reduce the cost of new supply projects – or at least to make costs more controllable and predictable – appears to be rapidly gaining acceptance amongst the sponsors of major new gas developm
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The prospect of carbon capture and storage (CCS) technology being applied to power stations fuelled with natural gas has come a couple of steps closer with two breakthroughs announced in February.
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GDF Suez and project partner Marubeni have chartered what will be the world’s largest floating storage and regasification unit (FSRU) when it starts up, for an LNG import project in Uruguay.
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One of the world’s first floating production, storage and offloading (FPSO) LNG projects has reached a significant milestone with the start of the laying of its keel.
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BG Group is poised to begin commissioning the first liquefaction train at its Queensland Curtis LNG (QCLNG) project in Australia, following the arrival of first gas from the Surat Basin gas fields in December.
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Kitimat LNG – the first project to secure an approval from the National Energy Board (NEB) to export LNG from the western Canadian province of British Columbia (BC) – has chalked up another first.
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With British Columbia’s provincial government having promised to settle the fiscal framework for the nascent LNG industry this autumn – and by the end of November at the latest – Canada’s LNG projects, most of which would be located in BC, are entering
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The various projects that make up the Southern Corridor import route into Europe appear to be on track to take final investment decisions (FIDs) or “resolutions to construct” – effectively the same thing – before the end of 2013, according to John Bald
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  • Contributed by: Susan L. Sakmar, Independent consultant, author and adjunct law professor, University of Houston Law Center
From the Arctic to the United States and almost everywhere in between, there are numerous LNG projects in various stages of development. Gastech Insights asked Susan Sakmar to share which LNG projects she is watching this year.
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  • Interview with Jefferson Edwards, GM - Global Gas & LNG Market Development, Integrated Gas, Upstream International, Shell
As reported by Shell’s LNG Outlook 2017, the future LNG demand growth will be driven by: policy, floating storage regasification units (FSRUs), replacing declining domestic gas production, small-scale LNG and transport.
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  • Interview with Andrew Walker, Vice President Strategy, Cheniere Energy
LNG is growing seven times faster than pipeline gas and as such, by 2035, it will account for around half of globally traded gas.
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  • Contributed by: Melanie Lovatt, Finance Advisor, Poten & Partners
If all things go according to plan for the sponsors of the Fortuna project in Equatorial Guinea, three floating liquefaction (FLNG) projects will manage to complete their fundraising this year.
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  • Contributed by: Mary Hemmingsen, EVP and CFO, Northwest Innovation Works
*This article was contributed by Mary Hemmingsen when she worked at KPMG as Partner, National Sector Leader, LNG, Power and Utilities.