For liquefied natural gas (LNG) markets, 2021 was another unprecedented year. After the volatility, uncertainty, and record-low spot LNG prices caused by the Covid-19 pandemic in 2020, the LNG market moved in the opposite direction in 2021.
Carbon capture and sequestration technologies could soon be developed alongside Louisiana’s Cameron LNG, a natural gas liquefaction and export facility located in the southwest of the US state.
Blackstone Credit has acquired EIG’s 49% ownership stake in Elba Liquefaction Company (ELC), a joint venture entity of the Elba Island LNG facility.
Petronas has inked a 20-year sales and purchase agreement with Venture Global LNG for one million tonnes of liquified natural gas (LNG) from the Plaquemines LNG facility in Louisiana.
South Korea’s SK Gas Trading will purchase 0.4 million tonnes per annum (mtpa) of LNG from Energy Transfer’s Lake Charles LNG export facility in the US under a newly inked agreement.