LNG storage news

Baker Hughes has announced an award from Bechtel Energy Inc. to supply primary liquefaction equipment for Train 5 of NextDecade’s Rio Grande LNG Facility in the Port of Brownsville, Texas, US.

Kinetics, a Karpowership initiative, has announced the completion of a US$400 million 4-year senior secured bond issuance, marking an important milestone in its financial strategy and long-term growth.

Europe’s construction of LNG import terminals is losing momentum, indicating that countries across the continent overestimated future gas demand, the IEEFA has reported.

Companies operating in Brazil have expanded the country’s LNG regasification infrastructure since 2020, more than doubling its import capacity, the EIA has reported.

Burckhardt Compression has delivered a turnkey compression solution for a manufacturer of engineered cryogenic gas processing equipment and small scale LNG and industrial gas plants in Nicaragua and the Bahamas.

The British Columbia Utilities Commission has approved FortisBC Energy Inc.’s application for the Tilbury LNG storage expansion project, Canada.

Hempel has launched Hempaline Defend 430, a tank lining created to help energy operators boost efficiency, minimise downtime, and extend maintenance intervals.

EXMAR has entered into a strategic partnership with EemsEnergyTerminal, a subsidiary of Gasunie and Vopak, to extend the operation of the Eemshaven LNG import terminal after 2027, the Netherlands.

LNG exporters in the US have announced plans to more than double US liquefaction capacity, adding an estimated 13.9 billion ft3/d between 2025 and 2029, according to the EIA.

Snam has signed an agreement with Higas to initiate a period of exclusive assessment and negotiation regarding the potential acquisition of the company’s share capital, as well as the expansion and conversion of the current coastal storage facility into a FSRU.