Growth in global LNG export capacity will be limited in 2023
According to EIA data, four new LNG export projects are expected to come online worldwide in 2023, with a combined capacity of 1.0 billion ft3/d.
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In 2022, US LNG suppliers of projects under development entered into contracts with buyers for about 6.0 billion ft3/d of LNG, according to data from the DOE.
Sempra Infrastructure has entered into a long-term sale and purchase agreement with PKN ORLEN for the supply of LNG from the Port Arthur LNG Phase 1 project.
TotalEnergies has signed an agreement with Oman LNG for the purchase of 0.8 million tpy of LNG over a period of 10 years starting from 2025.
The FPSO vessel for the BP-operated Greater Tortue Ahmeyim LNG project has started its journey towards the project site off the coasts of Mauritania and Senegal.
ExxonMobil has awarded BASF Durasorb Cryo-HRU with technology qualification for LNG pre-treatment.
TotalEnergies is contributing a floating storage and regasification unit (FSRU) and supplying LNG to the project.
The EIA estimates that US natural gas consumption reached record levels in 2022, partly because of increased natural gas use in the electric power sector, according to the January Short-Term Energy Outlook.
API's President and CEO has released a report and outlined the policies needed to make, move and improve American energy and prioritise US natural gas and oil as a long-term strategic asset.
Shell lead the global long-term LNG import contract volumes signed by key purchasing companies in 2022, with a contracted capacity of 6.7 million tpy, according to GlobalData.
