Longboat Energy eyes giant gas prospect offshore Malaysia - Upstream Online
Longboat Energy eyes giant gas prospect offshore Malaysia | Upstream Online
UK-based Longboat Energy has ambitious plans to explore for trillions of cubic feet in gas reserves offshore Sarawak, East Malaysia, having just acquired junior Topaz Number One Limited, one of its partners on the Block 2A production sharing contract.
Longboat Energy eyes giant gas prospect offshore Malaysia
Acquisition of Sarawak block partner simplifies the way forward
14 September 2023 20:39 GMT Updated 15 September 2023 10:03 GMT
By
in Singapore
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.