LNG in brief

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07 January 2021

LNG in brief

Report summary

Our LNG in brief is a rolling coverage of events as they happen in global LNG markets covering the latest stories including contracts, upstream supply, regas, policy and trade. Also included is our latest LNG Big Chill podcast where we provide a more in depth discussion every month on the hottest LNG stories. The page can be bookmarked for quick access to the latest stories and also for links to our most recent informs and insights. Also attached as download is our archived LNG Corporate in brief, with stories stretching back to 2017.

Table of contents

  • LNG landing pages
  • LNG trackers
  • Pipeline attacks in Nigeria highlight increased security risks in 2021
    • Latest insights and informs
    • The LNG Big Chill Podcast
  • Barossa takes step towards FID as Santos sign 10 year 1.5 mmtpa LNG deal with DGI
  • Papua LNG to move ahead on its own
  • One small LNG bunkering operation in Asia, one giant leap for Asian LNG bunkering
  • Qatar Petroleum kickstarts QP Trading with SPA with Pavilion Energy
  • Cheniere increases its run rate, announces deal with Foran Energy
  • Tortue project conceptoptimised in bid to deliver value
  • Wilhelmshaven FSRU’s failed open season provides boost to other planned German terminals
  • Russian Arctic LNG-2 finishes up fleet formation
  • Norway’s Snøhvit LNG outage extended to a year after fire incident
  • Tango FLNG project between YPF and Exmar comes to an early end
  • Qatar Petroleum on track for lower emission North Field expansion projects
  • Tanzania to resume negations with IOCs over delayed LNG project.
  • Snøhvit LNG set for outage of at least one month after fire incident
  • Equinor takes step towards full electrification of Snohvit LNG with FEED award to Aibel
  • Golden Pass LNG update
  • Sinopec award of 1 mmtpa tender to Qatar, brings Asian oil linked contract slopes to a new low
  • Northeast Asia’s backlash against coal escalates (again), providing upside for LNG
  • Regulator provides clarity on Gorgon propane kettle inspection and remedial work schedules
  • Tokyo Gas acquires North Louisiana gas assets
  • Weld issues found at Gorgon LNG
  • CNOOC purchases two carbon-neutral LNG cargoes from Shell
  • Vietnam to start importing LNG by 2021
  • Warren Buffet’s Berkshire Hathaway Energy makes move into LNG
  • Mozambique LNG completes US$14.4 billion financing
  • KBR’s retreat from LNG directly impacts five North America projects
  • Myanmar’s first LNG-to-power plant begins operations marking the start of the country as an LNG consumer; PPA signed
  • Gazprom hopes to defend market share with Greece contract first
  • NOVATEK orders two floating LNG storage units in South Korea
  • The great US LNG pushback arrives
  • Gulf is Thailand's first non-state-owned player to receive an LNG shipper licence
  • What's in store for China's gas storage?
  • Croatia LNG terminal receives boost with short-term capacity reservations
  • Yamal LNG goes over the top early
  • Time is against IEASA on procuring LNG for upcoming winter in Argentina
  • Shell announces its own FID on NLNG T7
  • Argentina will increase its LNG imports this year
  • Yakutia LNG project in Russia’s Far East seems far-fetched
  • Could French regas become fully booked?
  • JERA agrees to buy into Barossa, backfill field for Darwin LNG
  • Utrenniy terminal to be expanded for Arctic LNG-1
  • European gas storage: record inventory in place further weakens summer market
  • Tortue FLNG start-up delayed by one year with BP declaring force majeure
  • No project is immune: Mozambique’s Rovuma LNG sanction is postponed
  • The fall-out continues: Nigeria LNG Train 7 delayed
  • Shell leaves Lake Charles: It’s not you, it’s me
  • Greece regas capacity booked, but coronavirus concerns cancel equity sale
  • Coronavirus and oil price crash: read our latest insights
  • Oil price crash eases burden for Chinese LNG offtakers facing weak demand
  • Mozambique’s Rovuma LNG hits FID setback: ExxonMobil withdraws from US$2 billion US export credit agency loan
  • Weak Lira hits Turkish gas demand, imports in 2019, but LNG up
  • Russian NOVATEK announces 2019 results and future plans
  • Qatar Petroleum secures EVEN MORE European LNG capacity
  • UK’s South Hook terminal looks to expand capacity ahead of Golden Pass start up
  • Spain regulator to create virtual LNG hub
  • Qatargas and Shell gradually secures Kuwait’s LNG market
  • Coronavirus to further depress global LNG markets
  • Open and shut case for Bahrain LNG terminal
  • Cheniere reaches 1000th cargo milestone in record time
  • LNG imports hit record levels in most European markets in 2019
    • Two announcements by McDermott in December 2019 show progress at both Freeport and Cameron LNG.
  • Kuwait’s KPC signs 3 mmtpa contract with QP
  • Burst of LNG ship orders closes a record decade
  • NLNG sanctions Train 7
    • Petrobras starts the process of leasing the LNG TRBA regas terminal
  • Fully-booked capacity at Montoir demonstrates high demand for Europe regas
  • PGNiG plans to expand small-scale LNG offering
  • Equatorial Guinea awards Fortuna block to LUKOIL and signs strategic partnership with Vitol
  • Qatar Petroleum ups LNG expansion plans to 48 mmtpa
  • FERC authorization news
  • Scarborough and Pluto Train 2 update
  • Woodside increases Scarborough reserves by 52%, hits 11 tcf
  • New gas consortium to supply Angola LNG
  • Kosmos Energy and BP make major gas discovery offshore Mauritania
  • Romania could take stake in new Greece LNG importing terminal
    • ConocoPhillips to sellnorthern Australia assets including Darwin LNG to Santos
  • Uniper appetite for LNG builds as it signs HoA with Woodside
  • Tellurian and Petronet sign MOU for potential 5 mmtpa equity investment in Driftwood LNG
  • JGC-Fluor-TechnipFMC sign Rovuma LNG EPC in Mozambique
  • New coal policy proposal could boost South Korea LNG demand
  • Total concludes Mozambique LNG entry as US EXIM approves US$5bn loan to project
  • Kosmos' Yakaar appraisal firms up resources for further LNG development
  • Vitol and Mozambique NOC form LNG trading JV
  • Russian Ministry of Finance to support Baltic LNG
  • LNG agreements dominate Russia’s 5th Eastern Economic Forum
  • Freeport LNG Train 1 ships first cargo while expansion project Train 4 raises $1 bn
  • Panama regas project charters GasLog ship for 10 years as an FSU
  • Russia's Arctic LNG-2 announces FID
  • Arctic-2 will be first LNG project to use ships built in Russia
  • PNG green lights Papua LNG, introduces new fiscal regime
  • Qatar takes all of Belgium's regas capacity ahead of LNG expansion
  • Shell makes a move into the Australia power market with potential implications for Queensland Curtis LNG
  • Magic potion or Vitalstatistix fuel LNG shipping market?
  • NOCs increase share in Greater Tortue Ahmeyim field in Mauritania/Senegal
  • NOVATEK starts tender process for Obskiy LNG
  • Osaka Gas becomes first Asian LNG toller to operate gas production in the US
  • Indonesia’s Tangguh Expansion delayed by a year
  • Rovuma LNG in Mozambique seeks revised EPC bids
  • Indonesia approves Abadi LNG revised Plan of Development
  • Summer season gets into full swing as Yamal exports 250 th cargo
  • Taiwan LNG imports fall in first half of 2019
  • Tellurian signs definitive agreements with Total for investment and offtake at Driftwood LNG
  • First cargo of the season heads to Asia via the NSR as Yamal LNG produces above capacity in first half of 2019
  • Mitsui and JOGMEC to get 10% in Russian Arctic LNG-2
  • Pacific Oil & Gas announces first firm SPA with BP for LNG from Woodfibre
  • Pavilion Energy takes over Iberdrola's LNG business
  • Hong Kong offshore LNG terminal locks in supply and FSRU chartering
  • First deal at Commonwealth LNG with Gunvor HOA, Venture Global increases PGNiG sales
  • Panama Canal toll to go up for LNG vessels in 2020 (but not by as much as for some other vessel types)
  • Anadarko and partners take FID on Mozambique LNG
  • INPEX and Government of Indonesia agree next steps for Masela PSC
  • Shell delivers first LNG cargo from Prelude
  • PSC amendment opens the door for Aphrodite in Cyprus
  • Cheniere announces FID on Sabine Pass Train 6
  • Total increases its US LNG exposure with acquisition of Toshiba capacity at Freeport Train 3
  • Bulgaria accesses cheaper gas through LNG imports
  • Yudean imported first cargo via third-party access - China's terminals opening up
  • NOVATEK plans new Obski LNG plant on Yamal peninsula
  • NOVATEK selects TechnipFMC as EPC contractor on Arctic LNG-2
  • Total steps into Mozambique LNG (Area 1)
  • Mozambique's Rovuma LNG (Area 4) Development Plan approved
  • JERA-CPC sign up for Mozambique LNG volumes and project sets FID date
  • ExxonMobil signs a 20 year 1 mmtpa SPA with Zheijang Energy
  • Chinese players buy 20% in NOVATEKs Arctic LNG-2
  • Qatar Petroleum tenders for 100+ LNG ships
  • Russian LNG plant inaugurated in Baltic
  • Chevron's acquisition of Anadarko – What does it mean for Chevron's LNG position?
  • Papua LNG JV signs gas agreement with the PNG Government
  • Toshiba sale of its US business to ENN falls through
  • Noble Energy sanctions Alen gas project to backfill Equatorial Guinea LNG
  • Ocean LNG sign SPA with Golden Pass for entire 16 mmtpa output
  • Baltic LNG dealt blow as Shell exits Gazprom project
    • New LNG contracts announced ..but US-China deals a notable absentee
    • Shell – Signs Brent-indexed SPA for 2 mmtpa from Next Decade's Rio Grande LNG
    • Total – Increases equity stake both in Tellurian and Driftwood and procures 1.5 mmpta offtake
    • Total - Signs 10-year SPA with Guanghui
    • Shell-Tokyo Gas - Fight coal with coal-linked contracts in Japanese power struggle
    • Woodside - Signs HOA with China’s ENN Group to underpin Scarborough development
    • NOVATEK - Signs two HOAs from portfolio, including from Arctic LNG-2
    • PNG LNG – Signs SPA with Unipec Singapore (subsidiary of Sinopec)
    • JERA contract LNG Canada volumes from Mitsubishi subsidiary
  • NOVATEK commissions Vysotsk LNG (0.66 mmtpa)
  • Mozambique LNG (Area 1) takes major step towards FID after signing SPAs with CNOOC, Tokyo Gas-Centrica and Shell
  • NOVATEK sign deal with Siemens to provide compressor units for Arctic LNG-2
  • ExxonMobil backs German LNG project with non-binding capacity booking
  • Time is up for Ophir on Fortuna FLNG
  • Mozambique Area 4 partners advance LNG marketing

Tables and charts

This report includes 47 images and tables including:

  • Regas capacity holders at the Krk LNG terminal
  • LNG bunker activity in Asia (open image in new tab for better view)
  • Gas Agility fuels giant containership with LNG in Rotterdam
  • Singapore LNG Supply-Demand Balance
  • Post FID contracted capacity
  • Cheniere Post FID contracted volumes v capacity
  • South Korea vs. India monthly LNG imports
  • Golden Pass LNG at ~18 months post FID
  • Sabine Pass Phase 1 LNG at ~18 months post FID
  • Terryville assets, North Louisiana
  • Gorgon LNG output forecast
  • Satellite and infra-red view of Gorgon LNG
  • US LNG feed gas vs. capacity
  • Capacity at Krk LNG terminal (2020-2030)
  • Yamal LNG exports by initial destination*
  • Monthly LNG imports in Argentina
  • Arctic LNG-1 timing
  • European storage fill requirements for summer 2020
  • Short-term LNG supply - impact and what to watch
  • Delivered cost to Shanghai city gate at different Brent price scenarios
  • Gas Imports to Turkey 2018 - 2019
  • TYR vs. USD$ and RUS
  • QP's European regas position
  • Contracted regas capacity in Europe by company
  • Sabine Pass and Corpus Christi exports by destination
  • Gross LNG imports - 2019 and previous maximum level
  • LNG import seasonality (2014-2018)
  • Europe monthly LNG send-out
  • EG LNG output and Plant Capacity (mmtpa)
  • Table 1: Impact on partner shares in Tortue in Senegal, Mauritania and Total GTA Area
  • Table 2: Impact on partner NPVs in Tortue Phase 1, 2 & 3 from increased NOC share
  • US LNG exports by destination
  • Yamal LNG exports by destination
  • Yamal LNG first 250 exports by initial destination
  • Taiwan LNG imports by source
  • Yamal LNG exports by initial destination
  • Yamal LNG exports by final destination
  • Yamal LNG exports by final destination
  • Panama Canal LNG Transits (laden + ballast)
  • Capex ($/tonne) and capacity (mmtpa) of LNG plant by year of project sanction
  • New ship requirements from Qatar megatrains expansion
  • New ship requirements from Golden Pass
  • Combined Chevron-Anadarko Operated LNG Capacity
  • Mozambique LNG (Area 1) Contracts
  • McDermott's LNG backlog

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