Toward the end of 2021, a mere five floating LNG processors were operating around the world where they were used exclusively to tap offshore gas production. Unlike fixed onshore terminals, FLNGs—as they were employed at the time—offered a lower-cost option to liquify the gas with the added flexibility to move to other offshore gas resources inaccessible by land-based plants. ...

Less than three years ago, Kan-based Tallgrass Energy accepted a $4 billion investor buyout led by Blackstone that took the midstream company private. A name change to simply “Tallgrass,” and appointment of a new CEO quickly followed, along with a fresh strategy to diversify the business from an oil-and-gas pipeline transporter and processor, to an infrastructure company with an eye on new-energy frontiers. ...

The giddy-up is on for new U.S. LNG export terminal projects and expansions as Europe and China duke it out for long-term supplies. Reese Energy Consulting today is studying a blizzard of activity by both U.S. operators and two large buyers rivaling for shipments as 2023 marks its seventh month and colder seasons draw closer. ...