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Risk of a cold winter, uncertainty around pipeline imports and low gas inventories have set the scene across Europe for another volatile year ahead, with the potential for gas prices to soar further and energy shortages to bite.
Wood Mackenzie, releases its Global gas and LNG – 6 things to watch for in 2022 report.
Qatar Petroleum announced that it has taken final investment decision (FID) on the North Field East project.
On 25 November, Qatar Petroleum (QP) announced that it will boost output from Qatar LNG by 64% - from 77 million tonnes per annum (tpa) at present to 126 million tpa by 2027 – following a successful appraisal of the North Field’s onshore extension, near Ras Laffan Industrial City.
ExxonMobil and Qatar Petroleum’s announcement that they will proceed with development of the Golden Pass liquefied natural gas (LNG) export project at Sabine Pass, Texas, kicks off what could be a record year for LNG final investment decisions (FIDs). The go-ahead for Golden Pass LNG comes as Anadarko and its partners in Mozambique LNG (Area 1) took a major step towards FID after signing sales and purchase agreements (SPAs) with CNOOC, Tokyo Gas-Centrica and Shell. ExxonMobil (30%) and Qatar Petroleum (70%) said construction at Golden Pass will begin in the first quarter of this year, with start-up scheduled for 2024.
Qatar Petroleum announces plans for a fourth LNG megatrain
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