LNG Prime brings you the five most popular news on our platform during the week of July 8-14, 2024.
1) China’s power generation firm Shenzhen Energy has signed a long-term deal to buy liquefied natural gas (LNG) from a unit of Switzerland-based energy trader Glencore.
2) US LNG exporter Sempra and compatriot Bechtel are moving forward with construction on the first phase of the Port Arthur LNG export project in Texas worth about $13 billion.
3) US LNG terminal operator Freeport LNG has shut down its three-train liquefaction and export plant in Texas due to Hurricane Beryl.
4) UK-based energy giant BP expects global demand for liquefied natural gas (LNG) to rise up to 40 percent by 2030 compared to 2022 levels.
5) Switzerland-based energy trader MET Group has entered into a 10-year deal to buy US LNG volumes from LNG giant Shell. According to MET, the company’s primary objective is to supply its European customers with US LNG.