GLNG - Global LNG
American gas prices are amongst world’s lowest despite record LNG exports, says API
Americans have among the lowest residential natural gas prices globally even as the US leads the world in LNG exports. This is according to a new analysis by the American Petroleum Institute (API), conducted by Energy Ventures Analysis.
Petronas begins construction of Argentinian floating LNG terminal
Malaysia’s state-run energy company Petronas has commenced construction work on a floating LNG unit that will be stationed off the east coast of Argentina.
Venture Global orders nine LNG transport vessels to deliver own cargoes
Venture Global LNG is purchasing nine LNG transport vessels to be built in South Korea and delivered later in 2024 the company revealed.
US Energy Secretary vows LNG pause will end within one year
US Secretary of Energy Jennifer Granholm has pledged that the country’s LNG exports approval pause will be finished well within a year.
Tellurian CEO steps down as it begins exploring potential sale
Embattled Houston-based LNG developer Tellurian revealed on March 18 that the company’s CEO Octavio Simoes has left his position as the company races to keep its Driftwood LNG export plant afloat.
Sempra hosts groundbreaking ceremony for Port Arthur LNG project
US energy firm Sempra held a groundbreaking ceremony to mark one year since construction began on Phase 1 of the Port Arthur LNG project located in Jefferson County, Texas.
Gunvor signs 20-year offtake deal with Texas LNG
Energy commodity trader Gunvor Group has inked a heads of agreement with Texas LNG that will see the Swiss company offtake 0.5mn tonnes per year of LNG for a 20-year period beginning in 2028.
Bulgaria launches tender for vertical gas corridor capacity expansions
Bulgaria’s state-owned gas transmission system operator Bulgartrnagas announced on March 20 it would be launching a tender for expanding infrastructure.
Methane emissions from the energy sector increased in 2023
The International Energy Agency estimates that in 2023, nearly 120mn tonnes of methane emissions stemmed from the production and utilisation of fossil fuels, slightly higher than in 2022.
Taiwan continues LNG expansion as government displays sensitivity on gas reserve questions
Russian LNG numbers to China almost 20% up in the first two months of 2024
Russian LNG deliveries to China surged by 18% during January and February, reaching 1.2mn tonnes
Tecpetrol claims Argentina on track to inaugurate first LNG project in four years
Argentina's prospects for inaugurating its first liquefied natural gas project in four years hinge on the successful passage of economic and energy reforms proposed by President Javier Milei, according to Tecpetrol's CEO, Ricardo Markous.
BGFCL in Bangladesh initiates well revitalisation project, seeks to boost gas production
The Bangladesh Gas Fields Company Limited has initiated a workover project in Brahmanbaria to revive gas production from well number 14 of the Titas Gas Field.
PTTEP ramps up gas production in Erawan field to bolster Thailand's energy security
PTT Exploration and Production Public Company Limited announced a significant increase in natural gas production from the Erawan field, a key component of the G1/61 project in the Gulf of Thailand.
Maharashtra State Road Transport Corporation unveils India's first LNG-powered bus
The Maharashtra State Road Transport Corporation has achieved a historic milestone by introducing India's inaugural bus fuelled by Liquefied Natural Gas.
BP and Venezuela in talks with Trinidad & Tobago for offshore gas field development
BP and Venezuela have confirmed their engagement in discussions with the Trinidad and Tobago government concerning the joint development of an offshore gas field located in the Caribbean region.
BP and ADNOC pause offer for NewMed
The major deal has been put on hold, citing external uncertainties, but conflict in Gaza may scupper the plan altogether.
GECF strikes bullish tone on gas demand growth
The Gas Exporting Countries’ Forum (GECF) has come out with a bullish prediction that consumption of the fuel will surge by 34% by the middle of the century.
Europe needs to expand gas infrastructure to end Russian imports, CERAWeek execs say
Europe will need to further expand its natural gas infrastructure to eliminate Russian gas imports.
UTM offshore delays FID to second quarter for Nigeria’s first floating LNG project
Nigeria’s UTM Offshore has again been forced to push back taking a final investment decision on the country's first floating LNG project.
Indonesian government bolsters natural gas supply amidst deficit
The Joko "Jokowi" Widodo administration has taken steps to ensure the supply of natural gas to PT Perusahaan Gas Negara through liquefied natural gas amidst a gas deficit in Central Sumatra, South Sumatra, and Western Java
ADNOC signs second offtake deal for Ruwais LNG
Abu Dhabi National Oil Co. (ADNOC) this week agreed terms on a 15-year offtake deal with SEFE Marketing & Trading Singapore as the Emirati firm prepares to launch major engineering work.
British Petroleum aims for 176 LNG cargoes production from Tangguh Plant in West Papua
British oil giant BP has set its sights on producing 176 liquefied natural gas cargoes this year from the Tangguh LNG Plant in Bintuni Bay, West Papua, with approximately 55 cargoes expected to come from Train 3
Indonesian state electricity firm PLN explores new financing model to boost gas power plant investments
Gas shortages challenge Bangladesh power sector growth amid new plant launches
Bangladesh confronts a pressing challenge in ensuring adequate gas supply for a slate of new gas-fired power plants, collectively boasting a generation capacity of approximately 3,510MW
EQT, Equitrans Midstream to combine in $5.5bn deal
The largest natural gas producer in the US, EQT Corp, has agreed to buy Equitrans Midstream in a deal worth around $5.5bn. It will be an all-stock transaction with a combined company enterprise value of more than $35bn.
Shell looks to switch from oil to LNG assets in Singapore
Glencore, the Swiss commodity trading major, is reportedly in talks to acquire Shell’s oil operations in Singapore, according to sources familiar with the matter speaking to Reuters earlier in the month.
Dalian Shipbuilding begins construction of LNG carriers for CMES
The two 175,000 cubic metre vessels bring the total number of LNG carriers DSIC has built for CMES to five. The ships have a length of 295 metres, a width of 46.4 metres, and a depth of 26.2 metres, and possess a service speed of 19.5 knots.
LNG Canada set to begin commissioning activities
Shell-led LNG Canada is nearly finished with construction work and will be commencing commissioning and start-up activities shortly, the company revealed in a statement on March 7.
BP and ADNOC pause buy-in offer for Israel’s NewMed
Israeli gas producer NewMed has announced that a $2bn offer to purchase a 50% interest made by British supermajor BP and the United Arab Emirates Abu Dhabi National Oil Company (ADNOC) has been frozen.
First North Field modules shipped by Saipem to Qatar
Italian oilfield services firm Saipem has loaded and shipped the first three North Field modules from Indonesia to Qatar to be installed. The modules include one wellhead production as well as two riser platforms.
Shell's head of LNG steps down shortly after company posts $2.4bn profit
Shell’s long-time head of LNG, natural gas and power trading unit, Steve Hill, is stepping down from his position on March 28. The March 1t announcement comes just weeks after posting $2.4bn in trading profits from LNG in the fourth quarter of 2023.
Regulator asks Venture Global for clarification on Calcasieu Pass terminal
LNG developer Venture Global has been asked by the Federal Energy Regulatory Commission to provide more clarity on the basis for its filing of confidential documents concerning the Calcasieu Pass LNG export terminal.
AG&P LNG purchases 49% interest in Vietnam’s Cai Mep terminal
Atlantic, Gulf and Pacific LNG, the Singapore-based unit of US asset management company Nebula Energy, announced that it has bought a 49% stake in the Cai Mep LNG terminal in southern Vietnam.
TotalEnergies strikes 16-year deal with Sembcorp Fuels of Singapore
TotalEnergies, a leading player in the Asian and global LNG market, has agreed a significant deal with Sembcorp Fuels, for the supply of up to 0.8mn tonnes of LNG annually for a period of sixteen years.
A first ever integrated LNG facility for the Philippines
Philippine power giants, Meralco PowerGen Corporation (MGen), Aboitiz Power Corporation (AP), and San Miguel Global Power Holdings Corp. (SMGP), are set to inaugurate the nation's first ever integrated LNG facility in Batangas Province.
Eni’s Tango floating LNG project set to ship first cargo
Italian energy firm Eni is slated to deliver its first LNG cargo this week from the company’s Tango floating LNG facility located in Congolese waters, according to shipping data.
Freeport’s feedgas usage drops as restart remains unclear
The Freeport LNG terminal’s feedgas intake was down by close to 50% over the last week, data from the London Stock Exchange revealed.
Follow us online