UK exploring 10bcm US LNG supply deal: reports
The UK government is reportedly pursuing a new liquefied natural gas (LNG) supply deal with the US as it looks to secure shipments ahead of next year.
Freeport LNG
Vessel shortage makes soaring shipping costs a new energy threat
Costs for shipping energy are surging as Europe’s scramble for supplies creates a shortage of vessels to carry essential fuels this winter.
Freeport LNG offline until “late 2022”
Freeport LNG has provided an update on the circumstances of the June 8 fire at its facility on Quintana Island, Texas, warning that a return to full operations will not come until late 2022.
Fire at key US gas export terminal a blow for fuel-starved world
An explosion that will keep a major US liquefied natural gas export terminal shut for weeks will cut vital supplies to Europe, which is already struggling with uncertainty around flows of the fuel from Russia.
Everything’s bigger in Texas: Acorn CCS firm Storegga bringing carbon capture to Gulf of Mexico
Storegga, the company behind the Acorn carbon capture and storage (CCS) project in Aberdeenshire, will apply its technology for a new scheme in Texas.
Japan’s JERA buys $2.5bn stake in US LNG
Japan's JERA, the world's largest individual buyer of liquefied natural gas (LNG), said today that it will buy a 25.7% interest in Freeport LNG Development in the US for about $2.5 billion as it races to secure LNG supplies.
KOGAS signs up US LNG supplies from BP
South Korea has struck a 15-year deal with BP for LNG supplies, covering 1.58 million tonnes per year.
Freeport signs up Train 4 financing
Freeport LNG has reached a deal to raise $1.025 billion from Westbourne Capital and its partners. The cash will go to supporting a fourth train at the plant. A commissioning cargo from Freeport LNG’s Train 1 was exported on September 3. The announcement comes as Cheniere Energy Partners has increased the size of a notes offering to $1.5bn, from the proposed $1bn.