Project Progress & Updates

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The Norwegian government has decided to terminate the full-scale carbon capture project under development at Mongstad in what it describes as “a change in direction” in its efforts to promote carbon capture and storage.
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Cheniere – the undisputed leader in the race to develop large-scale exports from the Unites States – is pushing forward with the fifth and sixth trains at its Sabine Pass project.
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The race to export LNG from the United States is picking up pace with several announcements in recent weeks.
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Jordan is set to become an LNG importer from 2015, following the agreement of a ten-year time charter for a floating storage and regasification unit (FSRU) with Golar LNG.
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The US Department of Energy (DoE) last month authorised a third proposed natural gas liquefaction project – Lake Charles in Louisiana – to export LNG to countries with which the US does not have a Free-Trade Agreement (FTA).
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India’s oil and gas companies are increasingly turning to Mozambique as a future source of LNG supply, following a string of large natural gas discoveries since 2010 that have boosted the nation’s gas reserves to more than 170 Tcf.
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EQUIPPED FOR SCHOOL – Porelea’s elementary school has 125 students and four teachers, including the principal. In total, the school was supplied with 140 conference bags and 120 packs of stationery (Image above)
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Angola has become the 19th nation to become an LNG exporter. The first LNG from its newly commissioned liquefaction project at Soyo – 350 km north of Luanda, at the mouth of the Congo River – was delivered to Brazil last month.
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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.