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The top pre-FID LNG projects to watch

26/11/2018
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With the recent final investment decision made on the gargantuan Canada LNG project ($40 billion), attention has turned to the many other LNG projects across the globe that are currently in pre-FID stage. Here are the top five LNG projects on the horizon that you need to know about.
The Kitimat LNG project will provide hundreds of technical and engineering jobs
(Image via Chevron).

Mozambique LNG

Expected to cost in the region of $20 billion, the Mozambique LNG project is being led by American energy company Anadarko, with Mitsui & Co, ONGC, ENH, Bharat PetroResources, PTTEP and Oil India Limited also investing.
The Mozambique LNG project will help to meet growing energy demand across Asia
(Image via Mozambique LNG).

The project is being pitched as a way of meeting growing demand in South East Asia, and will centre on Mozambique’s recoverable natural gas reserves in offshore area 1 of the Rovuma basin, which are estimated to be in the region of 75 trillion cubic feet.

So far, exploration efforts have yielded successful results with the first deepwater discovery being made in February 2010. Since then an LNG development plan has been submitted by Anadarko and was approved by the Mozambique government in early 2018. The project team have stated that they have already secured key terms and conditions for sales exceeding the minimum target for an FID of 8.1 mmtpa, including a 15 year 1.5 mmtpa supply agreement with Electricitie de France. 

The FID on the Mozambique LNG project is expected in early 2019.

Fortuna LNG

Another Africa-based LNG project, Fortuna LNG is being pursued by Ophir Energy in partnership with Golar LNG and is situated offshore Equatorial Guinea in Central West Africa. Whilst the project entered front-end engineering and design in 2015, the project was delayed due to the dissolution of OneLNG (Ophir Energy’s original partner on the project). 
The Fortuna LNG project has experienced several major set backs, but is now expected to receive FID in late-2018
(Image via Ophir Energy).

Fortuna LNG focuses on ‘Block R’, an offshore natural gas resource close to the Niger Delta which is estimated to hold methane reserves in the region of 3 trillion cubic feet. As currently planned, the project will have a capacity of 2.2 mmpta and will cost $2.1 billion.

FID on Fortuna LNG is expected in late-2018, however the project was originally scheduled to receive in 2016 and has been delayed several times since then.

Arctic LNG 2

Situated in Utrenneye, close to the Yamal LNG project in North West Siberia, Arctic LNG 2 is Russia’s latest foray into the global LNG market.
The Arctic LNG 2 project will focus on exploiting the huge natural gas reserves of the Utrenneye gas field.
(Image via Total).

Project leaders Novatek have partnered with Total to construct and operate three trains which will produce a combined total of 19.8 mmpta at a total project cost of approximately $25.5 billion. Despite being situated in a particularly hostile environment the project is expected to be a success- largely due to Novatek’s demonstrated experience in the construction and operation of the Yamal LNG project.

Arctic LNG 2 will focus on exploiting the Utrenneye gas field which holds reserves of 10 trillion cubic metres of gas.

As part of the project there are plans to establish a shipping company, Sea Arctic Transport to deliver cargoes from Yamal and Arctic LNG 2 to consumers in Asia. In addition, there are plans to build a transhipment facility in Kamchatka, which will help to reduce transport costs.

Front-end engineering and design for the project are currently underway and FID is expected in the second half of 2019.

Jordan Cove LNG

Costing around $10 billion, the Jordan Cove LNG project situated in Coos County, Oregon, USA, was originally conceived by Veresen, which was purchased by Pembina Pipeline Corporation in 2017.
If it goes ahead Jordan Cove will be the first LNG project on the US West Coast.
(Image via Jordan Cove LNG).

If it goes ahead, Jordan Cove LNG will be the only US LNG project situated on the west coast and will be ideally located to take advantage in the growth in demand of LNG from Asia. At present an application for approval has been filed with FERC (Federal Energy Regulatory Commission) for a facility that will have a capacity of 7.8 mmpta.

FID on the Jordan Cove LNG project is expected in 2019, dependent upon approval from FERC.

Driftwood LNG

The brainchild of US LNG company Tellurian, the Driftwood LNG project will be situated on the Calcasieu River in Louisiana, USA.
The Driftwood LNG project will export over 27 million tonnes of LNG per year from the USA to the rest of the world.
(Image via Tellurian).

The project is set to be jointly developed by Tellurian in partnership with Bechtel, GE, and Total and will have a capacity of 27.6 mmtpa, at a total construction cost of $30 billion. Once completed, the project will export over 27 million tonnes of LNG per year to customers across the world.

Situated close to the Haynesville Shale formation, which is estimated to contain as much as 500 trillion cubic feet of gas, Driftwood LNG is currently seeking project approval from FERC with FID expected in the first quarter of 2019.

Work on LNG projects around the world with Fircroft

If you want to secure a job on the most-important LNG projects in the world, then register for free with Fircroft today. Since 1970, Fircroft has been recruiting technical and engineering professionals for the world’s biggest Oil & Gas companies. Explore our current vacancies now.
Tags: Oil & Gas
Recent Comments
Let’s hope these projects kick off some more jobs in the very quiet shipyards
Rodney Clarke, 29 November 2018
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The top pre-FID LNG projects to watch - Time to read 5 min
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