Sempra’s Post

🌟 Exciting News! 🌟 Aramco, a global leader in energy and chemicals, and Sempra, North America's premier energy infrastructure company, have taken a monumental step forward! 🚀 Their subsidiaries have signed a non-binding Heads of Agreement (HoA) for a 20-year sale and purchase agreement (SPA) for 5.0 million tonnes per annum (Mtpa) of LNG from the Port Arthur LNG Phase 2 expansion project in Texas. This agreement also includes Aramco's potential 25% equity participation in the project. 🌍 Key Highlights: - **LNG Offtake:** 5.0 Mtpa - **Project Location:** Port Arthur, Texas - **Strategic Partnership:** Aramco's 25% equity participation 🗣️ **Nasir K. Al-Naimi, Aramco Upstream President:** "We are excited to take this next step into the LNG sector. This agreement is a major step in Aramco's strategy to become a leading global LNG player." 🗣️ **Jeffrey W. Martin, Sempra Chairman and CEO:** "The planned expansion of Port Arthur LNG would help facilitate the broad distribution of U.S. natural gas across global energy markets, improving energy security while providing a lower-carbon alternative to coal for electricity production." The Port Arthur LNG Phase 2 project is set to enhance global energy security and resilience, meeting the growing demand for lower-carbon energy sources. 🌱⚡ Stay tuned for more updates on this groundbreaking partnership! #Energy #LNG #Sustainability #GlobalEnergy #Aramco #Sempra #PortArthurLNG #CleanEnergy #EnergySecurity 🌍✨

HOA only, but potentially a huge deal and big move by Aramco into U.S. LNG. Investments by ADNOC and Aramco in U.S. LNG: confidence in long-term gas demand, desire to build a bolt-on business and build portfolios, and confidence in future U.S. projects, especially with incumbents.

Saudi Aramco has announced a non-binding deal with the US’s NextDecade for the offtake of 1.2 million tons per year of LNG, the Riyadh-listed oil giant’s latest step towards becoming a global LNG portfolio player... https://bit.ly/3VEAKm6 #Aramco #NextDecade #RioGrandeLNG #lng #uslng #lngportfolio #corporatestrategy #competitiveintelligence Need more intelligence on aramco? Explore the Analyst Dashboard for our latest news, analysis, research and data from the Competitive Intelligence Service >> https://bit.ly/3wNntxw

This is another milestone investment for ANDOC L&S. These eight new LNG carriers - 10 if options are taken - will be delivered from 2028 and will be time chartered for 20 years to ADNOC Group subsidiaries. These vessels are state of the art ships - delivering the most efficient performance in the fleet. They are both a statement of our expansion ambition, and a demonstration of how shipping can meet its global emissions reduction targets. https://lnkd.in/dUtSnMmK 

ADNOC Logistics and Services (ADNOC L&S) have recently announced a letter of intent with South Korea’s Hanwha Ocean to construct at least three 174,000-cubic meter LNG carriers, with options for two more, scheduled for delivery in 2028. Additionally, ADNOC L&S is expanding its fleet by acquiring 32 tankers from a Singaporean shipping company. The development of LNG shipping is a critical component of the energy transition, as it plays a pivotal role in reducing emissions and enhancing the sustainability of the maritime sector. Read the full article: https://lnkd.in/eUuEVPQu Gastech 2024 will emphasise the crucial role of LNG shipping in achieving a sustainable energy future. Book a delegate pass: https://lnkd.in/eFMSzp4E #Gastech #Shipping #GasLNG #EnergyTransportation

🇦🇪 ➡️ Shell, BP, TotalEnergies, and Mitsui Commit to 10% Stake Each in Ruwais LNG Plant Shell , TotalEnergies, bp and Mitsui & Co., Ltd. will each take a 10% stake in the Ruwais LNG plant, said the people, who asked not to be named as the information isn’t public. Agreements may be signed as soon as next week, the people said. The UAE currently has just 5.8 million tons of LNG export capacity, the smallest of the region’s producers. The 9.6-million-ton-per year Ruwais plant will boost its capacity to the second-largest in the Middle East behind only Qatar. Source ➡️ https://lnkd.in/gmNJ9-Tf #LNG #RuwaisLNG #ADNOC #Shell #bp #TotalEnergies #Mitsui

Shell is strategically expanding its liquefied natural gas (LNG) operations to capitalize on the growing global demand for LNG and offset losses from exiting Russia in 2022. Here are the key developments and strategies implemented by Shell: 1. United Arab Emirates Project: • Shell invested in a 10% stake in Adnoc’s Ruwais LNG project to increase the plant’s output to 15 mtpa by 2028. • Shell will purchase 1 mtpa from this project, contributing to its goal of increasing LNG volumes by up to 20 mtpa by 2030. 2. Trinidad and Tobago Project: • Shell announced the development of the Manatee natural gas field to supply the 15 mtpa Atlantic liquefaction facility, further expanding its LNG operations. 3. Acquisition of Pavilion Energy: • Shell acquired Pavilion Energy, a Singaporean LNG company, to strengthen its presence in European and Singaporean markets. • This acquisition added 6.5 mtpa of supply contracts to Shell’s portfolio, enhancing its global LNG capabilities. These strategic moves aim to recover the 2.5 mtpa of lost supplies from the Sakhalin LNG project in Russia and boost Shell’s LNG volumes to 87 mtpa by 2030. Under CEO Wael Sawan, Shell has shifted focus towards natural gas, with LNG emerging as a core division following the acquisition of BG Group in 2016. The integrated gas division, including LNG operations, has become a significant revenue driver for Shell, contributing nearly half of its $28 billion adjusted earnings in 2023. With a forecast of the LNG market growing by 50% by 2040, driven by Asian demand and the shift from coal to gas in power generation, Shell aims to leverage its position as the world’s largest LNG trader to enhance market presence and profitability. Shell’s strategic focus on expanding LNG sales volumes and capitalizing on the growing global demand positions the company for continued growth and success in the LNG market.

My latest insight for MEES. https://lnkd.in/gFSm3w_Y A Week Of LNG Acquisitions For Adnoc When Kuwait imported its first LNG cargo in late 2009, the tanker came from Australia, a journey of about 6,000 nautical miles. At the time, Qatar, a mere 400 nautical miles down the Gulf coast, was well on its way to becoming the world’s largest producer and exporter of LNG with 77mn t/year capacity. That has been the story of gas relations between the GCC states. The focus has been on diversifying sources of supply rather than creation of a regional gas market or interdependence.  

Saudi Aramco is looking to expand its LNG footprint by investing in several gas projects worldwide. Riyadh wants to diversify into LNG quickly in order not to further lose LNG market share to regional rivals. Despite Aramco’s ongoing expansion, Saudi Crown Prince Mohammad Bin Salman (MBS) expressed concerns over Aramco’s LNG policy. 🔗 → https://lnkd.in/d-CRMzJK #saudiarabia #energy #lng aramco The following note delves into: - The LNG projects Aramco is interested in - MBS' concerns with Aramco LNG policy - The regional companies MBS is looking to outlast - His views on the U.S. LNG export license halt The note also sheds light on MBS’ ambitions for the country’s LNG portfolio.

There are several global players that want in on this deal to secure future stable supply of LNG from UAE.