GLNG - Global LNG
Colombia's energy shift includes LNG imports
Colombia’s ambitious transition to cleaner energy sources is taking shape on its Caribbean coast, where liquefied natural gas imports have become essential as domestic natgas reserves wane.
Portugal to replace Russian LNG with supply from US and Nigeria
Portugal will look to the US and Nigeria for more supply of LNG to replace purchases from Russia.
Mozambique will not review contract terms for LNG project with TotalEnergies
Mozambique’s freshly inaugurated President Daniel Chapo says his government is not seeking to review contract terms with TotalEnergies on the stalled Mozambique LNG project.
Condor reports massive gas upgrade at Peru’s Piedra Redonda field
Condor Energy has announced significant upgrades to its Piedra Redonda gas field resources off the coast of Tumbes, Peru, following an independent assessment by RISC Advisory.
Traders divert six US LNG cargoes from Asia to Europe
Higher European prices and poor demand in Asia for LNG have resulted in traders diverting at least six US LNG cargoes already this month.
Japan eyes long-term LNG supply from Alaska
Japan is actively seeking a long-term supply of LNG from Alaska, as a $44bn LNG project in the US state progresses after years of delays.
China raises imports of Russian LNG by 3.3% in 2024
China has increased its reliance on Russian LNG with imports rising 3.3% to reach 8.3mn tonnes in 2024.
Manila moves to become Asia-Pacific LNG hub
President Ferdinand R. Marcos Jr. of The Philippines has signed Republic Act (RA) No. 12120, officially known as the Philippine Natural Gas Industry Development Act, marking a significant milestone in the nation’s energy sector.
Tunisians face long queues amid household gas shortage
COMMENT: Trump demands Europe import more US LNG, as the EU proposes banning Russian LNG completely. Neither will happen.
US President Donald Trump wants Europe to buy more US gas or face tariffs, and ten EU member states have again called for an end to all Russian imports. Neither of these things are going to happen. Europe remains hooked on Russian gas.
Novatek boosts gas output by 2% in 2024
Russia’s biggest LNG exporter Novatek increased its natural gas production by 2.1% last year compared with 2023, with output reaching 84.08 bcm.
Algeria sends 5,200 metric tonnes of LNG to Tunisia
Chile seeks new natural gas supply deal with Argentina
Chile is set to forge a new natural gas supply agreement with Argentina, potentially delivering up to 2.5mn cubic metres per day during the winter and spring months through September 2025.
North American LNG integral to satisfying soaring global demand
Exports of LNG from North America are forecast to jump by almost 70% by 2040, according to new research published by Energy Intelligence.
Slovenia’s Petrol targets €178m net profit and €6.1bn revenue in 2025
Slovenian energy company Petrol Group has announced ambitious targets for 2025, aiming for a net profit of €178mn and sales revenues of €6.1bn.
Brazil’s BNDES funds $624mn gas plant to back national grid
The Brazilian National Bank for Economic and Social Development (BNDES) will invest BRL3.8bn ($624mn) in debentures to support the construction of UTE Portocem I, a natural gas-fired thermoelectric plant in Barcarena, Pará.
Gas sales of Russian Novatek down 1% in 2024
Sales of Russian natural gas and LNG major Novatek inch up in 2024 despite sacntions.
Gulf Energy achieves milestone with first LNG cargo import into Thailand
Gulf Energy Development Public Company Limited ("Gulf") announced on Jan 16 the successful importation of its first liquefied natural gas (LNG) cargo into Thailand
India's LNG imports climb 18.2% in December
India’s liquefied natural gas (LNG) imports rose to 3.02bn cubic metres (bcm) in December, marking an 18.2% increase year-on-year (y/y), according to provisional data from the Ministry of Petroleum and Natural Gas
Colombia's green gamble: LNG imports surge amid Petro’s climate push
The Andean country is witnessing a shift in its energy landscape as declining gas reserves coincide with President Gustavo Petro’s refusal to issue new drilling contracts.
EU mulls bans on Russian aluminium, LNG for 16th sanction package
EU is reportedly considering a ban on imports of Russian primary aluminium and liquefied natural gas (LNG) in its 16th package of sanctions against Russia.
US LNG revival expected following Trump’s return to office
As US president-elect Donald Trump prepares to return to office, the country’s LNG industry is expected to undergo a new wave of expansion
Philippines takes major step towards energy security with new natural gas law
The Philippines has taken a pivotal step to strengthen its energy infrastructure with the signing of Republic Act No. 12120, a law designed to foster the development of the country’s natural gas industry.
Dozens of LNG carriers to dock at Russian terminals this month
Dozens of LNG tankers are set to load at Russian terminals this month, with shipments destined for Europe and Asia, despite Western sanctions targeting Moscow’s energy sector.
JPMorgan upgrades YPF outlook amid optimistic projections for Argentine energy sector
JPMorgan has significantly upgraded its outlook for Argentine state oil company YPF, more than doubling its price target to $59.50 per American Depositary Receipt from $25.00.
Dhaka issues new tender for spot LNG cargo imports
State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a new tender and re-issued another to procure two spot LNG cargoes, scheduled for delivery during the windows of February 13-14 and February 6-7 respectively.
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