The energy firm is expanding processing capacity at home by taking control of a coastal LNG plant from ADNOC Group
The deal, which expands the UAE’s efforts to become a key supplier of LNG, converts a preliminary deal signed in March to a definitive sales agreement
Aramco is seeking to strengthen its position in the LNG market, which is set to grow by 50 per cent globally by the end of the decade
The LNG will primarily come from the state-owned energy firm’s lower-carbon Ruwais LNG project
The ships, which will be built at China’s Hudong-Zhonghua shipyard, are the largest LNG vessels ever built, with a capacity of 271,000 cubic metres each
The country’s domestic gas output plummeted to a six-year low in May, down around 25 per cent from its 2021 peak
The construction of four new production lines for urea, a key ingredient in fertilisers, would boost output by 106 per cent
The Gulf states agreed in 2020 to a 15-year deal for the supply of 3 mtpa of LNG from 2022, which will overlap with the new deal
Adelaide-based Santos is among Australia’s top three producers of liquified natural gas
The companies are expected to get the offtake at a lower price compared to the market, but with less flexibility, Reuters reported
With global LNG demand expected to grow 50 per cent by 2030, ADNOC is tapping opportunities around the world including with US players
The Gulf energy giants have been conducting preliminary evaluations of Santos as a possible acquisition target
The new vessels will increase the company’s fleet of LNG carriers from 14 to at least 22 vessels
The country fully awarded 20 cargoes of LNG in June to cover heavy summer demand from July through September
The development of the Jafurah field is expected to cost $100bn and boost the state energy firm’s gas production by more than 60 per cent by 2030
Aramco and Sempra expect to execute binding LNG and definitive equity agreements with terms substantially equivalent to those in the heads of agreement
The energy firm’s profit was roughly in line with that of oil major Shell
The project, which was expected to start processing natural gas this year, has not updated its completion schedule
ADNOC’s Ruwais facility is expected to be the region’s first LNG export facility to run on clean power
TAQA was in talks with Naturgy’s three largest shareholders for a possible takeover bid
The state-owned energy firm seeks to strengthen its position in the global LNG market, which is set to grow globally by 50 per cent by 2030
ADNOC’s first investment in Mozambique complements its efforts to expand its lower-carbon LNG portfolio to meet growing gas demand and support the transition to cleaner fuel sources
The 11.7 per cent equity stake in Phase 1 of Rio Grande LNG marks ADNOC’s first strategic investment in the US and complements its efforts to expand its lower-carbon LNG portfolio
Qatar, one of the world’s largest LNG exporters, announced an additional expansion of its LNG production in February
Mubadala’s Indonesian unit said the company was fully aligned with Jakarta’s desire to accelerate the project
The Gulf state posted a budget surplus of QAR1.4bn in the final quarter of 2023, which was used to reduce public debt
ADNOC has eyed acquisitions of foreign companies in part to help boost its gas portfolio
The Marsa LNG project includes upstream gas production, a one million-ton-per-year liquefaction plant and a 300-megawatt solar plant
Shell has said it believes gas and LNG will play a critical role in the energy transition by replacing more polluting coal in power plants
QatarEnergy has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels