Golar LNG pens deal to deploy FLNG in Argentina
Golar LNG pens deal to deploy FLNG in Argentina
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Natural Gas News
Summary
The FLNG project will monetise Argentine gas, tapping into the resources from the Vaca Muerta shale formation in the Neuquina basin. by: Shardul Sharma
Golar LNG has entered into definitive agreements with Pan American Energy for a 20-year deployment of a floating LNG (FLNG) vessel in Argentina, the company announced on July 5. The FLNG pro...
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Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.