Anadarko and project partners estimate there is 75 Tcf of exploitable gas offshore Mozambique, Bloomberg said. The Rovuma Basin could hold 120 Tcf technically recoverable reserves, a consultant said.
Only 10% to 20% of LNG will move between markets in Pacific/Japan, Middle East/India and an Atlantic/U.S. Gulf Coast region including Caribbean, South America and Europe, an expert told Bloomberg.
With BG Group up for grabs, it looks Shell will absorb the smaller company in what analysts are predicting might be a wave of new M&A.
Royal Dutch Shell Plc is involved in TransCanada Corp.’s Kitimat LNG project, and LNG Canada project shipping gas to Asia, Bloomberg said. Shell will likely stay committed amid BG purchase.
With gasoline, LNG and crude oil shippers less able to recoup expected returns in a familiar time frame, private-equity providers that bought vessels wait out the price drop, Bloomberg said.
If Shell buys BG Group Plc, gas from Australia’s Arrow project could be sold, an analyst said. Shell and PetroChina won’t build an export terminal due to costs, Bloomberg said.
Prometheus will supply LNG for WPX’s clean-burning natural gas initiative in its San Juan Basin and Piceance drilling operations. Storage, equipment and technical services will also be provided.
Woodside Petroleum and Apache Corp. closed the Australian Wheatstone LNG and Balnaves oil component transaction on April 2 for a total cost of US$2.817 billion, including a closing adjustment of US$567 million, according to a news release.
Mexico’s commitment to realizing its energy potential through privatization and its National Infrastructure Program means major expansion, and investment, is ahead for the country’s midstream infrastructure.
Canada could become one of the world's top LNG exporters, but projects have not been constructed, as roughly 110 million tonnes of government-approved export capacity await FIDs, Reuters said.
The Sempra Energy subsidiary requested the pre-filing review for its proposed Port Arthur LNG facility in Port Arthur, Texas. It could handle about 10 million tonnes per year.
NextDecade LLC owns Rio Grande LNG. The project includes the 129-mile proposed Rio Bravo Pipeline and the Rio Grande LNG facility with six, 4.5-tonnes per year-capacity liquefaction trains, Reuters said.