Russia's Novatek, opens new tab is being forced to scale back its huge Arctic LNG 2 project after Western sanctions curbed its access to ice-class tankers, and will focus instead on developing its project at the ice-free port of Murmansk, industry sources said.
Harbour Energy and its partners have confirmed a gas discovery in well 15/9-25 in the North Sea. This gas discovery has previously been proven in two other exploration wells.
Woodside has signed a sale and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for the long-term supply of liquefied natural gas (LNG) to Korea.
This marks the commencement of the next phase of the project: commissioning the FPSO and hooking up the 23 wells that make up the Sangomar Field Development Phase 1.