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QatarEnergy awards huge EPCI contract for North Field Expansion Project to McDermott

by Matthew Amlot

The contract’s scope includes 13 normally unmanned wellhead platforms topsides, as well as pipelines, beach valve stations and buildings

QatarEnergy announced Monday that it had awarded a major engineering, procurement, construction, and installation contract to McDermott Middle East for the offshore scope of its North Field Expansion Project. The North Field Expansion Project will increase Qatar’s liquefied natural gas (LNG) production capacity significantly, from 77 million tons per annum to 126 million tons per […]

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QatarEnergy signed 2021’s biggest long-term LNG contract: Report

by Matthew Amlot

The report also found that China-based Sinopec signed the most long-term LNG contracts in 2021, gaining five million tonnes of imported LNG per annum

QatarEnergy signed the biggest long-term liquefied natural gas (LNG) contract of 2021 with CNOOC in September 2021, a report by GlobalData revealed. The Qatari provider will supply CNOOC with 3.5 million tonnes per annum of LNG from 2022 to 2036 from the country’s Ras Laffan III liquefaction terminal. According to GlobalData’s report, the number of […]

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QatarEnergy announces 15-year LNG supply agreement with China’s S&T International

by Matthew Amlot

QatarEnergy will supply one million tons per annum of LNG to China

QatarEnergy announced Wednesday that it had entered into a long-term liquefied natural gas (LNG) agreement with S&T International Natural Gas Trading Company Limited (S&T). The agreement will see QatarEnergy’s LNG producing affiliate, Qatar Liquified Gas Company Limited, supply one million tons per annum of LNG to China over a 15-year period starting in late-2022. “We […]

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Natural gas markets to see very volatile 2022

by Tsvetana Paraskova

Europe is going into the winter with gas inventories at the lowest level in nearly a decade

Global natural gas prices are set for another year of volatility, following 18 months of swings from record lows to record highs. As natural gas demand started to rebound this summer amid depleted stocks in Asia and Europe following a long and cold winter, prices skyrocketed in the autumn to record highs. This forced gas-intensive […]

Posted inExploration & Production

China to lead Asia LNG regasification capacity additions through 2025, forecasts GlobalData

by Carla Sertin

GlobalData identifies India to be the second-highest contributor to the global LNG regasification capacity additions with new build LNG regasification capacity additions of 3,062 bcf by 2025

China is expected to lead the Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 –China Dominates LNG Regasification Capacity Additions and Capex Spending in […]

Posted inProducts & Services

QatarEnergy orders six LNG vessels from Korean shipyards for expansion projects

by Carla Sertin

The North Field expansion projects will increase Qatar's LNG production capacity to 126 million tons per annum by 2027

QatarEnergy has placed the first batch of LNG shipbuilding orders with Korean shipyards, consisting of four vessels from Daewoo Shipbuilding & Marine Engineering (DSME) and two vessels from Samsung Heavy Industries (SHI), as part of QatarEnergy’s shipbuilding programme to meet its future LNG carrier requirements. The orders came in the form of QatarEnergy’s declaration of […]

Posted inExploration & Production

Weekly gas and LNG market update

by Wei Xiong, Senior Analyst, Rystad Energy

Gas markets, which have been rising for weeks, are now entering a more balanced phase as a result of spot market cautiousness and tightening fundamentals

The marginal decline of Asian spot LNG prices since last week was caused by more cautious Chinese buyers, who have largely retreated from the spot market given forbiddingly high prices. However, prices didn’t have to dive deep as the decline in spot purchases was  balanced by new reported supply disruptions – most recently from Bontang […]

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LNG binding producers-consumers together in abruptly changing energy landscape

by Carla Sertin

It is estimated that 90% of emissions along the LNG supply chain can be mitigated with current technologies

The unique flexibility of liquefied natural gas (LNG) to deliver natural gas to all corners of the world is saving the day for both producers and consumers in the face of shortages of other energy sources, Secretary General of the Gas Exporting Countries Forum (GECF) said at the 10th edition of the LNG Producer-Consumer Conference. […]

Posted inExploration & Production, DRILLING & PRODUCTION

Qatar Petroleum begins LNG ship orders for North Field expansion

by Carla Sertin

This marks the beginning of QP's massive LNG shipbuilding program

Qatar Petroleum has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group Co. Ltd. (Hudong), a wholly owned subsidiary of China State Shipbuilding Corporation Limited (CSSC). These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program, which will cater for future LNG fleet requirements for the North Field expansion […]

Posted inExploration & Production

QP to supply 3.5 MTPA of LNG to China for 15 years

by Carla Sertin

As of August 2021, Qatar has delivered a total of 715 LNG cargoes to China

Qatar Petroleum entered into a long-term sale and purchase agreement (SPA) with CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC), for the supply of 3.5 million tons per annum (MTPA) of LNG over a 15-year period starting January 2022. The SPA was signed during a virtual […]

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