German Chancellor Olaf Scholz said he was confident liquefied natural gas (LNG) could start flowing into the country via the Baltic Sea port of Lubmin within a matter of months, as Germany rushes to phase out Russian energy imports.
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expected amount of gas produced by Russia in 2022, according to research by Rystad Energy.
UK-based oilfield services provider EnerMech has won its second long-term deal to support the Inpex-operated Ichthys LNG development in Australia with a subsidiary of Japan’s oil and gas player Inpex. The latest contract is for the provision of technical support and maintenance services.
Excelerate Energy Inc, founded by oil and gas tycoon George Kaiser, plans to raise up to $384 million through a U.S. initial public offering that could value the Texas-based liquefied natural gas (LNG) company at about $2.54 billion.
U.S. President Joe Biden last night announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower gas prices at the pump.
New Fortress Energy Inc on Thursday proposed to build the first offshore U.S. liquefied natural gas (LNG) export facility and have it running in 12 months, a relatively short time amid a market hungry for the liquid gas.
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