Posted on 08/25/2022 12:09:23 PM PDT by BeauBo
Investments in new liquified natural gas (LNG) infrastructure are set to surge, reaching $42 billion annually in 2024, Rystad Energy research shows. These greenfield investments are 20 times the amount in 2020 when just $2 billion was invested...
Russian volumes are primarily dependent on the successful completion of the Novatek-operated Arctic LNG 2 project, which is potentially in jeopardy as sanctions against Russia over the Ukraine conflict have led to delays in the commissioning of Train 2 and Train 3. Project partners TotalEnergies and JOGMEC have halted all financing related to the scheme in the Russia-Ukraine war, followed by the withdrawal of chemicals giant Linde as a contractor...
The U.S. is set to solidify its place as a top LNG exporter... The $10 billion Golden Pass LNG project in Texas, a joint venture between QatarEnergy (70%) and ExxonMobil (30%), is expected to start production by 2024, adding export capabilities to the Sabine Pass LNG terminal totaling around 18 Mtpa. Venture Global’s Plaquemines LNG in Louisiana – a $13.2 billion development sanctioned earlier this year – is expected to produce about 24 Mtpa and start up in 2025...
Qatar, already a major producer, aims to boost LNG export capacity to 126 Mtpa by 2027 from a current 77 Mtpa. International industry heavyweights ExxonMobil, Shell, TotalEnergies, Eni and ConocoPhillips have been chosen to join state-owned QatarEnergy in the North Field East...
Projects that have been approved or are currently being developed will recover about 300 Tcf of LNG, led by the US with approximately 97 Tcf, then Qatar with about 52 Tcf...
Total LNG supply is expected to almost double in the coming years, growing from around 380 million tonnes per annum (Mtpa) in 2021 to about 636 Mtpa in 2030.
(Excerpt) Read more at oilprice.com ...
Well, we have this little announcement…
Granholm to Europe: Tough Luck
The Energy Secretary bullies U.S. companies to reduce fuel exports.
https://www.wsj.com/articles/jennifer-granholms-de-facto-fuel-export-ban-energy-secretary-letter-refiners-oil-europe-11661379613?mod=hp_opin_pos_2#cxrecs_s
Even the end-of-summer natgas bills might raise an eyebrow or two.
Despots and tyrants don't need a reason to throw their weight around, and EVERYBODY was paying close attention...
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