A gap is emerging in the U.S. LNG industry as big players such as Exxon Mobil and Cheniere Energy race ahead to build export terminals without new long-term contracts.
China's natural gas demand is expected to reach 307 billion cubic meters (Bcm) this year, an increase of just 10% from 2018, an official of state-run Sinopec Gas Co. said on Oct. 15, as a slowing economy hits consumption.
Exxon Mobil plans to invest more than $500 million in the initial construction phase of its Rovuma LNG project in Mozambique with an FID for the $30 billion project expected by 2020.
The Elba Island facility is one of half a dozen in the country beginning to produce LNG for export, contributing to soaring supplies of fuel globally which has upended gas markets in Europe and Asia.
Operators in the Permian are looking for new processing systems and technologies that improve NGL recovery and increase ethane production.
Australia's Liquefied Natural Gas Ltd. said on Sept. 30 it has received preliminary approval to increase output at its proposed U.S. LNG plant to 8.8 mtpa from the currently authorized 8 mtpa.