WorldOil Houston prepares to say ‘Howdy Modi’ as gas producers eye deals Indian Prime Minister Narendra Modi’s imminent visit to the U.S. energy capital is fueling speculation the second most-populous nation will further tap America’s shale gas bonanza. McDermott JV awarded fab contract for Arctic LNG 2 Project Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd in Qingdao, China, has been awarded a contract to provide three complex modules for the Arctic LNG 2 Project in the Yamal-Nenets Autonomous Region in Russia. API gathers experts to highlight global benefits of U.S. LNG exports “U.S. natural gas is meeting growing American energy needs, and at the same time, U.S. LNG exports are improving global conditions and reducing emissions by spreading the benefits of abundant energy to our allies around the world,” said API president and CEO Mike Sommers. U.S. natural gas prices will fall to levels not seen since the 1970s, IHS Markit says A persistent oversupply of natural gas will drive the 2020 average price at the Henry Hub down (in real terms) to a level not seen in decades, according to new report from IHS Markit. Floating Adriatic LNG port closer to easing Russia gas dominance The project is the first of its kind for Croatia, which has the EU’s fifth-longest coastline, and is the result of the U.S. lobbying to reduce the country’s need for Russian gas. Once online, the terminal will have an annual capacity of 2.6 Bcm, equivalent to the country’s annual usage. Gazprom building partnership to realize LNG as marine fuel Gazprom is exploring development of LNG-powered vessels and associated support, interacting with potential consumers from among shipping companies, building infrastructure for LNG bunkering, and creating an up-to-date legal and regulatory framework for the use of LNG as a motor fuel. Total and partners greenlight Russian Arctic LNG 2 project The project will have a production capacity of 19.8 MM tons per year and is expected to export its first LNG cargo by 2023, the second and third train to start up by 2024 and 2026. First cargo from Freeport LNG Train 1 for McDermott, Chiyoda and Zachary Group "We continue to make great strides on the Freeport LNG project with the shipping of the first cargo from Train 1, which is a major milestone for the joint venture project team," said Mark Coscio, McDermott's senior vice president for North, Central and South America. Russia’s LNG ambitions advance with multi-billion export plans Russia took a step closer to becoming a dominant player in the global liquefied natural gas market as two of its biggest energy companies advanced plans to export the fuel from its remotest corners. Argentina pursues $5 billion LNG project amid political havoc “The LNG terminal will be a machine for bringing in dollars,” said Sebastian Mocorrea, YPF’s executive vice president for corporate affairs. “Nobody in their right mind would meddle with it.”