– Sinopec announced that it plans to build a $2.8 billion, 15 mtpa LNG import terminal in Zhoushan city, in partnership with a local government backed company…
– …construction on the terminal is expected to start in 2021 with operations beginning in 2024; Sinopec’s terminal would represent Zhoushan’s third LNG import facility.
– Some interesting fundamentals notes to start off the month of June, thanks to our friends at Criterion, starting with a paltry ~4.3 bcf/d in U.S. LNG feedgas deliveries…
– …the delivery amount represents less than half of the peak reached in March (~9.5 bcf/d), meanwhile U.S. gas production dropped by ~0.7 bcf/d today to 86.2 bcf/d.
– Qatar entered into a $20 billion deal with Daewoo Shipbuilding & Marine Engineering Co., Hyundai Heavy Industries Co., and Samsung Heavy Industries…
– …the deal with the 3 Korea-based firms allows Qatar to book a major portion of the firms’ LNG ship-construction capacity through 2027.
– ConocoPhillips completed the divestiture of its northern Australian assets, selling its stake in the Darwin LNG facility and related gas fields to Santos for $1.4 billion