UAE’s Adnoc to buy Galp’s stake in Mozambique LNG project
The United Arab Emirates’ main oil company agreed to buy a 10% stake in a natural gas project in Mozambique, its second major deal this week as it seeks to expand the business globally.
NextDecade
UAE oil giant buys into NextDecade LNG in first US deal
The United Arab Emirates’ main oil company bought a stake in NextDecade Corp.’s (NYSE:NEXT) natural gas export project in Texas, in a first US acquisition that also gives it a 20-year supply deal.
TotalEnergies backs NextDecade’s Texan LNG FID
Other partners include Global Infrastructure Partners (GIP), GIC and Mubadala. These companies will provide $4.8bn and will receive 62.5% of funds generated from the Rio Grande LNG first phase. The largest commitment comes from GIP, which is stumping up $3.5bn.
NextDecade signs up Exxon for Rio Grande LNG offtake
NextDecade has struck a deal to supply 1 million tonnes per year of LNG from its planned Rio Grande project to ExxonMobil.
French ban on US LNG reverses with Engie deal
Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.
Europe’s Engie buys more US LNG with green credentials
French utility Engie has agreed to buy liquefied natural gas from NextDecade Corp. after the US exporter committed to slash most of the emissions associated with a proposed terminal in Texas.
Annova LNG scraps Brownsville plan
Annova LNG has scrapped its plans for an LNG export facility in Brownsville, in Texas.
Engie drops US LNG amid energy transition shift
France’s Engie has pulled out of a proposed agreement to secure LNG from NextDecade’s Rio Grande LNG project, over concerns about shale gas development.
France says ‘non’ to Engie’s US LNG plans
The French government is delaying plans for Engie to secure a deal to import US LNG, citing concerns over emissions.
Rio Grande LNG aims for carbon neutrality with CCS
NextDecade plans to cut CO2 equivalent emissions at its planned Rio Grande LNG facility by around 90%.
FERC approves four LNG export plans
The US’ Federal Energy Regulatory Commission (FERC) has approved four LNG export plans, three of which are located in Texas’ Brownsville Ship Channel.