Gas processing

JERA has invested approximately £1 million in Immaterial, a UK company with gas adsorption technology.

Monthly average natural gas wholesale spot prices at the US benchmark Henry Hub have been generally declining so far in 2023, but these relatively low prices do not immediately translate into lower retail prices for residential consumers.

The US exported more natural gas in 1H23 than in any other previous six-month period, 11% more than in the same period in 2022.

ConocoPhillips has announced further progress on its global LNG strategy, signing a commercial agreement to secure additional regasification capacity in Europe.

North America is set to lead the global ammonia industry capacity additions with a share of 37% by 2030, according to GlobalData.

The EIA reports that the US exported more LNG than any other country in the first half of 2023.

Sempra Infrastructure has announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.

Lloyd’s Register and COSCO intend to join forces to assess the decarbonisation pathway for COSCO Shipping’s existing LNG carrier fleet.

BP has entered its third long-term LNG offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.

Tellurian Inc. and Baker Hughes have announced an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project.

Venture Global LNG has announced its long-term expansion plan to increase production from 70 million tpy to more than 100 million tpy of nameplate LNG export capacity.

BASF has commenced construction of its syngas plant at the Verbund site in Zhanjiang, China.

Technip Energies has launched SnapLNG by T.EN™, a modular, pre-engineered and standardised solution for low-carbon and accelerated time to market LNG production.

Berkshire Hathaway Energy has announced it has completed the purchase of Dominion Energy’s 50% limited partnership stake in the Cove Point LNG, LP business, resulting in a total ownership interest of 75%.

So far in 2023, 10 natural gas-fired power plants have come online in the US with a total of 6.6 GW of electric generating capacity. The EIA expects another six natural gas-fired power plants with another 1.8 GW of capacity to come online in 2H23.