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You will find in this section the latest public news regarding the liquefied natural gas market, regulation and innovations. Please type any keyword in the search box and /or use the  ”area”, “topic” and “date” filters to refine your search. Feel free to submit your news to GIIGNL using the contact form.

 

February 15, 2021

Petronas FLNG Dua produces first LNG

Petronas has commissioned its first deep water FLNG facility, PFLNG Dua, capable of reaching gas fields in water depths up to 1.5 km. The first LNG cargo from the facility is expected be delivered to customers by middle March 2021. The project is realized in collaboration with Petronas’ upstream Production Sharing Contract partner, PTT Exploration and Production. Currently located at the Rotan gas field, 140 km off Kota Kinabalu, Sabah, the 1.5 MTPA, PFLNG Dua is the company’s second FLNG facility, with the 1.2 MTPA PFNG Satu, which has been in operation since 2017.

Edited from Petronas press release

 

February 15, 2021

Fluxys takes FID for Zeebrugge expansion

Following an open season for additional regasification capacity at the Zeebrugge LNG terminal, Fluxys LNG has reached a final investment decision to build additional infrastructure necessary for the regasification capacity expansion. During the open season the 6 MTPA of additional regasification capacity on offer have been subscribed. The first step of the expansion will be completed by early 2024, enabling 4.7 MTPA of additional regasification capacity. The remaining additional capacity will be available after the second step is completed, as planned by early 2026.

Edited from Fluxys press release

 

February 12, 2021

Świnoujście LNG to start construction of a third tank

Swinoujscie LNG terminal has received permission for the construction of the third LNG storage tank of 180 000 m3,  which would increase the total terminal storage capacity to 500 000 m3. During the first stage of the LNG Terminal Expansion Programme, Poland’s Gas Transmission Operator GAZ-SYSTEM S.A., is planning to install additional Submerged Combustion Vaporiser units, in order to raise the regasification capacity from 5 Bcm/y to 8.3 Bcm/y by late 2021. By the second stage, the completion of the third tank and the second jetty are expected by late 2023.

 

February 8, 2021

Qatar takes FID on 33 MTPA LNG liquefaction project

Qatar has taken FID on the North Field East Project (NFE). The  33 MTPA project is expected to start production in Q4 2025 and will raise Qatar’s LNG production to approximately 110 MTPA. The project will be composed of 4 mega LNG trains of 8 MTPA each, at an estimated cost of 28.75 billion dollars. It will also include  associated facilities for gas treatment, natural gas liquids recovery, helium extraction and refining within Ras Laffan Industrial City, and will integrate a CCS system within the wider CCS scheme in Ras Laffan. The second phase of the project,  North Field South Project (NFS),  which involves the construction of two additional mega LNG trains - of 8 MTPA each -  and associated offshore and onshore facilities, is planned to further increase Qatar’s LNG production capacity to around 126 MTPA in 2027.

Edited from Qatar Pretroleum’s press release

 

January 15, 2021

Spot Asian LNG prices reach record levels

Since early January Spot Asian LNG prices showed unprecedentedly high values, around 30 $/MMBtu, following strong seasonal demand supported by a cold weather in North East Asia and nuclear maintenance in Japan, disruptions on the supply side due to maintenance on some projects and shipping delays due to bottlenecks at the Panama Canal. The upward dynamics also hit spot shipping charter rates with peaks exceeding $300 000/day.

 

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