Gas Processing and LNG

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Vtb To Allocate > $10 B For Ust-Luga Gas Processing Complex Project
Gas Processing and LNG
Vtb To Allocate > $10 B For Ust-Luga Gas Processing Complex ProjectVTB will allocate 800 billion rubles (> $10 B) over several years to finance the project to build a complex for processing ethane-containing gas in Ust-Luga in the Leningrad region, the bank's head Andrei Kostin told journalists. VTB's first deputy chairman, Dmitry Pyanov, told Interfax that the plan was to disburse the first 300 billion rubles this year and another 500 billion rubles next year. "There are market conditions. It will not bring losses," Kostin said. VTB plans to obtain a subordinated deposit of 200 billion rubles from the National Wealth Fund for the project. The construction operator for the Ust-Luga facility is RusChemAlliance, a company equally owned by PJSC Gazprom and JSC RGD. The complex will become Russia's largest gas processing plant and the world's second largest facility by capacity. Its annual processing capacity will reach approximately 45 billion cubic meters of gas. The total investment project cost, including VAT and operational cash flow during the investment phase, is nearly 5 trillion rubles at nominal prices.
oil-gas
Jun 20, 2025
Adnoc Takes Fid, Awards $5 B In Contracts For Phase 1 Of Its Rich Gas Development Project
Gas Processing and LNG
Adnoc Takes Fid, Awards $5 B In Contracts For Phase 1 Of Its Rich Gas Development ProjectADNOC Gas Plc and its subsidiaries announced it has taken a FID and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company’s largest-ever capital investment. The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas Facilities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore). The company intends to take FIDs on two additional phases of the RGD project at Habshan and Ruwais to enable the delivery of greater production capacity to meet growing market demands. The RGD project will enable the development of new gas reservoirs, which are key to boosting liquid gas exports, supporting gas self-sufficiency in the UAE, and providing essential feedstock to the country’s growing petrochemical industry. EPCM contracts have been awarded in three tranches for phase 1. The first tranche, valued at $2.8 billion, has been awarded to Wood for the Habshan facility. The remaining two tranches – $1.2 billion for the Das Island liquefaction facility and $1.1 billion for the Asab and Buhasa facilities – have been awarded to two consortia: Petrofac; and Kent Plc.   Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: “The FID and contract awards for the first phase of the Rich Gas Development project mark a significant milestone in ADNOC Gas’ strategy to deliver +40% EBITDA growth between 2023 and 2029. This strategic investment is expected to deliver significant new value for our shareholders and enable continued sustainable growth for the company, our employees, and the UAE.”   Phase 1 of the RGD project focuses on optimizing and debottlenecking existing gas assets while unlocking new and valuable gas streams. As part of ADNOC Gas' long-term strategy, which is focused on growth and futureproofing its business, the RGD project aligns with the company’s vision to deliver important growth initiatives between 2025 and 2029. Additionally, the RGD project highlights ADNOC Gas’ commitment to enhancing In-Country Value (ICV), with plans to create hundreds of new, field-based technical positions by 2029, further contributing to the UAE’s economic growth.
oil-gas
Jun 10, 2025
Britain'S Centrica Agrees To $27-B Deal To Import Gas From Norway
Gas Processing and LNG
Britain'S Centrica Agrees To $27-B Deal To Import Gas From NorwayBritish Gas owner Centrica has signed a 10-yr deal worth more than £20 B ($27.07 B) with Norway's Equinor to secure gas supplies starting in 2025, both companies said on Thursday. Britain aims to reduce its reliance on gas to help meet climate targets, but around 70% of its homes are still heated using the fossil fuel while gas-fired power plants account for around a quarter of the country's electricity supply. The agreement, which begins on October 1, will see Equinor deliver 5 Bm3y of gas until 2035, representing about 10% of Britain's gas demand and enough to supply approximately 5 MM homes, Centrica CEO Chris O'Shea said. The deal replaces a previous 10-yr supply contract between the companies running from 2015 to 2025. "I think most people don't appreciate just how much we rely on our friends in Equinor, friends in Norway for energy security in the UK," he said in an interview. Britain imported almost two-thirds of its gas demand last year, with half of the imports coming from Norway. Norway has increased its supplies to Europe since flows from Russia to Europe were curtailed after Russia's invasion of Ukraine in 2022. The Ukraine conflict and subsequent Western sanctions on Russia rocked energy markets, driving up prices that continue to weigh on British consumers. Britain’s North Sea fossil fuel production has declined sharply since its peak in the late 1990s and the Labour government has said it will not issue any new oil and gas licenses as part of its efforts to meet climate goals. The contract includes an option to transition from natural gas to hydrogen in the future. "This deal captures the kind of energy needed today, but at the same time... we can also together explore future energy (needs) like hydrogen," Equinor CEO Anders Opedal said. Separately, O'Shea also said Centrica is seeking support from the UK government to enable it to invest in its Rough gas storage site, a depleted field off England's east coast, which accounts for about half of the country’s gas storage capacity. He said Centrica will lose £100 MM operating the site this year and that without support, its future is uncertain. "If we don't have a regulatory support framework for Rough, then I can't see it surviving too much longer," he said. Britain's Department for Energy and Security and Net Zero (DESNZ) said the future of Rough is a commercial decision for Centrica. "But we remain open to discussing proposals on gas storage sites, as long as it provides value for money for taxpayers," a DESNZ spokesperson said via email. ($1 = £0.7389)
oil-gas
Jun 05, 2025
Glenfarne Announces Over $115 Billion Strategic Partner Interest For Alaska Lng Project
Gas Processing and LNG
Glenfarne Announces Over $115 Billion Strategic Partner Interest For Alaska Lng ProjectGlenfarne said on Tuesday that its unit, Glenfarne Alaska LNG, has completed the first round of its strategic partner selection process with over 50 companies who have formally expressed interest for over $115 billion of contract value for the Alaska LNG project. The 807-mile 42-inch pipeline project is capable of transporting natural gas to meet both Alaska's domestic needs and supply the full 20-MMtpy Alaska LNG export facility, the company said. Phase One is expected to deliver natural gas about 765 miles from the North Slope to the Anchorage region. Additionally, the Phase Two will add nearly 42 miles of pipeline under the Cook Inlet to the Alaska LNG export facility in Nikiski, which will be constructed simultaneously with the LNG export facility. Glenfarne expects a final investment decision on the domestic portion of the Alaska LNG pipeline by the end of the fourth quarter this year.
oil-gas
Jun 03, 2025
Petrovietnam Gas Plans $3 B In Capital Expenditures Over Next 5 Years
Gas Processing and LNG
Petrovietnam Gas Plans $3 B In Capital Expenditures Over Next 5 YearsPetrovietnam said that its Petrovietnam gas unit plans 78 T Dong ($3 B) in capital expenditures over the next 5 years. The company said it will prioritize LNG infrastructure developments with the funds.
oil-gas
Jun 02, 2025
Uae To Up Value Of U.S. Energy Investments To $440 B By 2035
Gas Processing and LNG
Uae To Up Value Of U.S. Energy Investments To $440 B By 2035The United Arab Emirates plans to raise its energy investments in the United States to $440 B in the next decade, it said on Friday, boosting U.S. President Donald Trump's efforts to secure major business deals on a Gulf tour. The wealthy oil power's strategy - which aligns with global growth ambitions for its companies - was announced during a presentation by Abu Dhabi oil giant ADNOC's CEO Sultan Al Jaber to Trump during the last stage of the president's regional trip. The visit has drawn huge financial commitments to the U.S. from the UAE, Saudi Arabia and Qatar. The enterprise value of UAE investments in the U.S. energy sector will rise to $440 B by 2035 from $70 B now, Al Jaber told Trump, adding that U.S. energy firms will also invest in the UAE. "Our partners have committed new investments worth $60 B in upstream oil and gas, as well as new and unconventional opportunities," Al Jaber said. The amount will be invested over the lifetime of projects, ADNOC said in a statement. ExxonMobil and Japan's Inpex have agreed a deal to expand the capacity of Abu Dhabi's Upper Zakum offshore field, while Occidental Petroleum (Oxy) will explore boosting the capacity of the Shah gas field and EOG Resources has won an oil exploration concession in Abu Dhabi's Al Dhafra region. "The agreements reinforce the shared commitment of the UAE and U.S. to maintaining global energy security and the stability of energy markets," ADNOC said. The $440-B value of UAE investments in the U.S. was part of a $1.4-T investment plan pledged to Washington, it added. That plan will "substantially increase the UAE's existing investments in the U.S. economy" in AI infrastructure, semiconductors, energy and manufacturing, the White House said in a statement. The two countries also agreed a deal that will give the UAE access to some of the most advanced artificial intelligence semiconductors from U.S. companies, a major win for Abu Dhabi's efforts to become a global AI hub. "We see significant opportunities for further UAE-U.S. partnerships across the energy-AI nexus, and we look forward to working with our American partners," Al Jaber said in ADNOC's statement. 'Great progress’. "We're making great progress for the $1.4 T that UAE has announced it intends to spend in the United States," Trump said in Abu Dhabi, his last stop on the tour that has focused on investment deals rather than security crises in the Middle East, including Israel's war in Gaza - at least publicly. "Yesterday the two countries also agreed to create a path for UAE to buy some of the world's most advanced AI semiconductors from American companies, a very big contract." Trump said the deal will generate billions of dollars in business and accelerate efforts by the UAE, an oil power and regional economic power, to become a major player in artificial intelligence. "And I read where - the oil and gas and all is great, but you're going to have equally big, and maybe even bigger - at some point, you'll be surpassing it with AI and other businesses," Trump told UAE officials on Friday during his visit. ADNOC's international investment arm XRG is seeking to make a significant investment in U.S. natural gas, Al Jaber, who is also XRG's executive chairman and minister of industry and advanced technology, has said. XRG signed a framework deal with Oxy subsidiary 1PointFive to evaluate a potential investment in a direct air capture project in Kleberg County, Texas, and could commit up to a third of its development cost, ADNOC said in its statement. Other details of the U.S. investment pledge were not disclosed. ADNOC has already transferred stakes in NextDecade's Rio Grande LNG export facility and a planned ExxonMobil hydrogen plant - both also in Texas - to XRG, which was set up last year. According to ADNOC, XRG, which is taking over Germany's Covestro and has agreed with Austria's OMV to merge their petrochemicals businesses Borouge and Borealis, has $80 B in assets. "The U.S. is a top priority market for XRG," ADNOC said in its statement, adding the firm "is set to boost investments across the American energy value chain, focusing on expanding gas, LNG, specialty chemicals and energy infrastructure". Mubadala Energy, an arm of Abu Dhabi's second largest sovereign wealth fund, last month signed a deal with U.S. firm Kimmeridge that will give it stakes in U.S. gas assets.
oil-gas
May 16, 2025
Totalenergies Seeks Permit For $16-B Green Hydrogen Project In Chile
Gas Processing and LNG
Totalenergies Seeks Permit For $16-B Green Hydrogen Project In ChileSubsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16-B green hydrogen and ammonia project in southern Chile, a regulatory filing showed on Monday. The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis centers for green hydrogen, a desalination plant, an ammonia plant and maritime infrastructure for shipping. The Andean nation has been promoting the development of clean hydrogen projects, but some companies say lengthy permitting and a lack of infrastructure has led the country to the head start it had in green hydrogen. According to the project's website, the environmental permit process is expected to take two years, with construction to begin in 2027. The ammonia plant, which will be commissioned in stages, will produce up to 10,800 metric tons per day.
oil-gas
May 06, 2025
Indonesia'S Bukit Asam Eyes $3.1-B Plant To Convert Coal To Synthetic Natural Gas
Gas Processing and LNG
Indonesia'S Bukit Asam Eyes $3.1-B Plant To Convert Coal To Synthetic Natural GasIndonesian state coal miner Bukit Asam is studying a plan to invest $3.1 B into a plant to convert coal into synthetic natural gas, its chief executive said on Monday. It would be Bukit Asam's latest attempt to produce gas from coal, as the government pushes for domestic value addition on its natural resources, after its partner pulled out from a project to produce dymethyl ether gas. Bukit Asam plans to convert 8.4 MM tonnes (t) of low-grade coal of around 3,700 kcal/kg GAR into 240 billion British thermal units (BBtu) per day (1.6 metric MMtpy), Arsal Ismail, chief executive of Bukit Asam told members of parliament. "Some of Bukit Asam's low-grade coal reserves would be very suitable for conversion into synthetic gas," Arsal said, adding the project is aimed at meeting future gas demand in Indonesia. The company plans to form a joint venture with state-controlled gas distributor Perusahaan Gas Negara (PGN) and a technology provider to build the plant, he said, without naming the technology provider. Bukit Asam and PGN are currently conducting a feasibility study for the project, including the projected cost of the gas it will produce and its competitiveness against liquefied natural gas (LNG). Arsal said an initial study indicated that the synthetic gas would be competitive against imported LNG. Indonesia is currently a net exporter of LNG, but some analysts expected that it could turn into a net importer by early 2040s. Bukit Asam previously partnered with U.S. firm Air Products to convert coal into dimethyl ether, to produce substitution to liquefied petroleum gas (LPG) popularly used as cooking fuel. Air Products, however, pulled out of the project in 2023 to redeploy its capital in other projects. Bukit Asam is currently in talks with a number of Chinese companies for potential partnership to replace Air Products, Arsal said.
oil-gas
May 05, 2025
Venture Global Raises $3 B Towards Building Cp2 Louisiana Lng Plant
Gas Processing and LNG
Venture Global Raises $3 B Towards Building Cp2 Louisiana Lng PlantVenture Global has raised $3 B in debt finance towards the construction of its CP2 LNG plant in Louisiana, which would be the largest single liquefied natural gas plant in the U.S., the company said. Venture Global is the U.S.' second-largest LNG exporter and has played a key role in making the country the world's largest exporter of the superchilled gas. The money raised will be used as part of the construction costs for the CP2 facility, which will have capacity to produce 28 million tonnes per annum of LNG, Venture Global said. "This new capital, on top of the more than $4 billion we have already invested to date, will enable continued fabrication, manufacturing and procurement at an accelerated pace, similar to Plaquemines," said Venture Global's CEO Mike Sabel, referring to another of the company's LNG export facilities. Two of the processing plants, also called trains, for the CP2 export facility will arrive in the U.S. in the coming months from Europe, Venture Global said in a statement. The project is yet to receive a final financial go-ahead from Venture Global.
oil-gas
May 02, 2025
Ukraine'S Naftogaz Says It Seeks €1 B To Purchase More Than 2 Bm3 Of Gas
Gas Processing and LNG
Ukraine'S Naftogaz Says It Seeks €1 B To Purchase More Than 2 Bm3 Of GasUkraine's state oil and gas firm Naftogaz is in talks with the government and international financial institutions to raise €1 B to purchase over > 2 Bm3 of gas for the 2025–2026 heating season, the company said on Monday. It said in a statement that €430 MM from the EBRD and Norway would be used to purchase an additional 1 Bm3 of gas and another 100 MMm3 of LNG would come from Poland's Orlen. Ukraine has been forced to ramp up gas withdrawals from storage and increase imports this winter and spring after Russian missile attacks damaged production facilities in the east of the country. "Since the beginning of the year, 1.5 Bm3 of gas has been contracted: 800 MMm3 were urgently imported at the beginning of the year, and 400 MMm3 will be delivered to Ukraine in preparation for the next winter," Naftogaz CEO Roman Chumak said in a statement. He said that a total of 300 MMm3 of LNG would be received from Poland's Orlen. Industry sources said earlier this month that Orlen aims to sell 10 cargoes of LNG to Ukraine this year as Kyiv seeks to fill gas storage sites ahead of winter. Ukraine has already received 2 cargoes with 200 MMm3 of LNG. The former head of the Ukrainian gas transit operator, Serhiy Makogon, said on Sunday that the country needed to import up to 6.3 Bm3 of gas for the 2025–2026 winter season as reserves have fallen to a record low due to war-related damage to some facilities. Makogon noted that Naftogaz had announced the required volume of imports at a lower level of 4.6 Bm3. Production, storage. Naftogaz, the major Ukrainian gas producer, said it had managed to increase gas production by almost 10% in 2024 to 14.6 Bm3, the highest level since 2017 despite constant Russian missile and drone attacks on its facilities. "The most devastating attack was in February 2025, which caused significant damage to state gas production, with losses of almost 50% of the volume," Naftogaz said. The company produced 13.3 Bm3 of gas in 2023. Naftogaz also said its underground storage facilities were attacked this January and "if there are new strikes, the equipment for repairs is on its way." Ukrainian underground gas storage facilities are the largest in Europe and the third largest in the world and can store around 30 Bm3 of gas.
oil-gas
Apr 21, 2025