Global demand for liquefied natural gas (LNG) is expected to increase from 422 mtpa in 2025 to between 610 mtpa and 780 mtpa by 2050, or by around 45-85 percent, according to Shell’s newest report.
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Australian LNG player Santos has signed two separate, non-binding LNG agreements that underscore the company’s growing global LNG portfolio position. Santos entered into a non-binding heads of agreement to buy LNG from the Ksi Lisims LNG project in Canada and the company agreed key commercial terms with South Korea's Posco Steel to supply the latter with LNG.
Brazil’s state-owned energy firm Petrobras has signed a long-term deal with US LNG exporter Sempra Infrastructure, a unit of Sempra, to buy LNG from the second phase of the Port Arthur LNG project in Texas.
Switzerland-based energy trader MET Group has agreed to buy more US liquefied natural gas (LNG) from UK-based energy giant Shell to supply its European customers.
Peru LNG’s liquefaction plant at Pampa Melchorita shipped five liquefied natural gas cargoes in July, the same as in the previous three months, according to shipment data by state-owned Perupetro.
UK-based LNG giant Shell has completed its previously announced acquisition of Canadian gas producer ARC Resources for $16.5 billion, including debt, after receiving all required shareholder, court, and regulatory approvals.