GLNG - Global LNG
Colombia's Ecopetrol to enhance gas imports amid domestic shortfall
Ecopetrol SA plans to address Colombia's declining natural gas reserves by developing two import facilities operational by next year. These terminals aim to bridge the domestic supply gap until offshore Caribbean wells commence production.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
Mexico's reliance on US gas to grow despite trade uncertainties, Fitch says
Mexico's reliance on American natural gas imports is set to deepen over the coming years as domestic production falters and demand surges, according to a recent assessment from Fitch Ratings.
Japan's Shizuoka Gas to acquire stake in US shale gas project
Japan-based Shizuoka Gas Co. Ltd. has signed a heads of agreement with TG Eagle Ford Resources LP, a subsidiary of Tokyo Gas America Ltd., to acquire a 25% interest in the eagle Ford play in Texas.
Nigerian LNG producer to compensate Vitol and Glencore $380mn
Nigeria LNG has been ordered by a London court to pay $380mn in compensation to energy and commodity traders Glencore and Vitol for failure to deliver 19 ordered cargoes.
Cyprus sees progress in development of offshore gas resources
In recent weeks several agreements and understandings have been reached between the Republic of Cyprus and the parties involved in the development of its offshore gas fields.
Tokyo Gas completes purchase of 20% stake in Philippines LNG terminal
Japan’s largest gas supplier Tokyo Gas has concluded the acquisition of a 20% stake in the First Gen’s LNG terminal located in Batangas City, Philippines.
Venture Global gets permission to expand Plaquemines LNG facility
US LNG producer Venture Global has been given authorisation from federal regulators to expand export capacity at its Louisiana-based Plaquemines LNG facility.
Colombia's Ecopetrol moves to mitigate gas deficit with imports
Ecopetrol SA aims to counter Colombia’s declining natural gas reserves by establishing two import terminals set to commence operations next year
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Cheniere eyes expansion of LNG exports
The US’s largest LNG exporter Cheniere Energy is targeting a major ramp-up of LNG exports amid the improved business climate for the sector under the new Presidency of Donald Trump.
EU expands oil and gas sanctions in 16th package
The EU has imposed additional measures against Russia’s oil and gas industry as part of its 16th sanctions package, while stopping short of any further restrictions on the bloc’s purchase of Russian LNG.
EU paid four times more for Russian LNG in Q4 2024 versus Q1 2021
The cost of importing Russian LNG into the EU has increased nearly fourfold compared to 2021 levels, driven by rising supply volumes and higher prices.
EU spending on Russian oil and gas surpasses Ukrainian aid
Despite various sanctions, Russia's global fossil fuel export revenues reached €242bn in the third year of the invasion.
Novatek prepares to relocate LNG transhipment to Barents Sea
Novatek is preparing to minimise the impact of European sanctions on its exports to Asian markets.
Philippines reveals interest in importing LNG from Alaska
As Trump continues to push US LNG exports, the Philippines joins Japan and Taiwan in assessing the Alaska LNG project.
African Energy Chamber to discuss opportunities for Chinese firms at Shanghai energy investor forum
The Invest in African Energies forum is part of a series of global events, organised by the AEC, to explore new opportunities for Chinese companies in Africa,
Leviathan partners submit updated field production plan
The partners in Israel’s Leviathan gas field this week submitted an updated development plan for the offshore asset to the country’s Ministry of Energy.
Brazil’s Petrobras signs 15-year LNG supply deal with UK's Centrica
Brazil’s national oil company Petrobras has agreed to purchase 800,000 tonnes of liquefied natural gas annually from the UK’s producer Centrica in a 15-year deal starting 2027.
Indian steel maker AMNS eyes 5-year LNG deal
Indian steel manufacturer ArcelorMittal Nippon Steel (AMNS) is looking to sign a five-year term LNG deal for six cargoes a year starting in 2026 for its direct reduced iron (DRI) plant in Gujarat
MEC calls for increased role of Mozambican firms in oil and gas sector development
At the Invest in African Energies: Mozambique Roundtable, MEC’s chairman spoke of an opportunity for local firms to increase their role in the market largely dominated by foreign players.
Novatek gas major and other Russian companies could keep foreigner’s dividends
Russian corporate majors could keep the dividends owed to shareholders from “unfriendly” countries instead of depositing them on special “C-type” accounts, RBC business portal reports citing corporate lawyers.
ExxonMobil reveals output target for Guyana's Hammerhead project
ExxonMobil and its partners have unveiled plans for their seventh development project in Guyana's prolific Stabroek Block, with the Hammerhead project expected to produce up to 180,000 barrels per day of oil and 2.69mn cm/d of natural gas.
ExxonMobil identifies fresh gas resources to accelerate Guyana's Gas-to-Energy project
ExxonMobil has announced plans to more than double its gas supply for Guyana's Gas-to-Energy project following the identification of additional associated gas resources in the Stabroek Block.
EU to consider investing in foreign LNG projects to combat high energy prices
The European Union is mulling making financial investments in foreign-based LNG facilities amid a push to secure more reliable suppliers of the super-chilled fuel and thereby lower energy prices.
Second LNG tanker in 2025 traverses Red Sea
An unloaded LNG vessel is passing through the Red Sea, becoming only the second LNG tanker to travel the route since June 2024 amid attacks by Yemen’s Houthi militia on cargo vessels.
Woodside negotiating with potential partners for equity stake in Louisiana LNG
Australia’s Woodside Energy is in the midst of talks with a handful of potential purchasers of equity stakes in its Louisiana LNG project.
Venture Global to begin commercial operations at Calcasieu Pass plant in April
US LNG producer Venture Global has notified its foundation customers that the firm’s Calcasieu Pass terminal in Louisiana has set a commercial operation date of April 15.
Straits Bio-LNG making headlines in Singapore’s bunkering sector
Singapore-based bio-LNG supplier Straits Bio-LNG, has announced plans to deliver 250,000 tonnes of bio-LNG per year in Singapore.
Eni, TotalEnergies strike deal to pipe Cypriot gas to Egypt
Italy’s Eni and France’s TotalEnergies, partners in Cyprus’ offshore Block 6, have signed a host government agreement with Egypt and Cyprus for the development of the site’s gas resources.
Indian LNG imports up 7.6% in January
India’s liquefied natural gas imports rose to 3.05bn cubic metres (bcm) in January, marking a 7.6% increase year-on-year (y/y), according to provisional data from the Ministry of Petroleum and Natural Gas’ Petroleum Planning and Analysis Cell
Shell caught in legal battle over Sarawak gas supply dispute
Shell Malaysia, a fixture in Sarawak for 115 years, is entangled in a dispute between Petronas and state-owned Petroleum Sarawak Bhd (Petros) over control of gas distribution in the state
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