27 June 2025
27 June 2025
This strategic move is in response to Japan's increasing reliance on LNG as a critical energy source.
Production is set to commence at the end of 2029.
Lease Sale 262 will offer 15,000 unleased blocks covering an area of around 80 million acres across various water depths.
The transaction is expected to enhance Medco Energi's portfolio, with completion anticipated in Q3 2025.
This contract follows the FID by Northern Lights' owners TotalEnergies, Shell and Equinor.
The recent SPA is part of Energy Transfer’s strategy to secure long-term commitments for the Lake Charles LNG project.
Strong global demand will drive capacity additions in the region.
Rising domestic energy demand and the need to diversify economies is driving gas processing capacity additions in the region.
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