GLNG - Global LNG
Gazprom buys Shell's stake in Sakhalin LNG
A subsidiary of Russia’s national gas company Gazprom has acquired Shell’s former 27.5% interest in the Sakhalin-2 LNG project in the Far East for $1.1bn, according to a government order.
Vietnam in talks with Russia's Novatek on LNG collaboration
Vietnam’s government is in talks with Russia’s Novatek on potential collaboration in the LNG sector, as the South Asian country seeks out more avenues of support for its LNG import industry.
Japan's Saibu Gas to expand storage capacity at Hibiki site
Japanese gas firm Saibu Gas revealed this week it planned to expand its LNG storage capacity to support increased gas demand during Japan’s decarbonisation.
Woodside sells stake in Scarborough project to LNG Japan
Australian energy giant Woodside has agreed to sell a 10% interest in the company’s Scarborough joint venture to LJ Scarborough, which is a jointly owned subsidiary of LNG Japan, the firm announced.
Woodside eyes major increase of North American LNG purchases
Australia’s Woodside Energy is shifting its focus to North America for procurement of LNG supplies amid a challenging environment for construction of new LNG projects in the domestic market, Japan’s Nikkei Asia reported.
Vitol’s LNG volumes skyrocket in 2023 amid high European demand
Swiss-headquartered commodity trader Vitol Group reported a 24% rise in volumes traded of LNG in 2023, the firm revealed.
Trinidad and Tobago initiates talks with US for gas project licence, involving Venezuela and BP
Trinidad and Tobago's Energy Minister, Stuart Young, announced on March 21 that discussions have commenced with the US regarding a licence for the collaborative development of a natural gas venture shared with Venezuela, which also involves BP.
India’s eighth LNG terminal set to commence operations
India’s Gujarat State Petroleum Corp. has issued a tender for a commissioning cargo for delivery in April for the Chhara LNG import terminal
16 states sue Biden administration over LNG permit pause
A group of 16 Republican-led states has sued the Biden administration over its pause on federal permits for new LNG facilities that export the super-chilled gas.
Enbridge enters JV connecting Permian Basin gas supply to growing LNG and Gulf Coast demand
Enbridge has agreed with WhiteWater/I Squared Capital and MPLX LP to form a joint venture that will develop, construct, own and operate natural gas pipeline and storage assets connecting the Permian to LNG terminals.
Australia’s Beetaloo gas project could prove uncompetitive, says IEEFA
The planned Beetaloo Basin and related Northern Territory LNG project could turn out to be a colossal sinkhole for investors and taxpayers due to high costs, financial risks, and uncertain returns.
Credit Agricole backs out of financing LNG projects in Mozambique and Papua New Guinea
The bank was the original financial adviser for Eni and ExxonMobil’s Rovuma LNG facility in Mozambique and Total Energies, Santos and ExxonMobil’s Papua LNG project in Papua New Guinea.
QatarEnergy signs deals with Nakilat for 25 LNG vessels
QatarEnergy has signed agreements with Qatar Gas Transport Co. (Nakilat) for the operation of 25 LNG vessels, marking a pivotal moment in QatarEnergy’s ambitious LNG fleet expansion programme.
New Fortress Energy finalises LNG-to-power deal in Brazil
US-based liquefied natural gas company New Fortress Energy has concluded its acquisition of a 1.6-GW capacity reserve contract from Ceiba Energy, strengthening its position as an LNG-to-power company in Brazil.
Private sector losing ground in Mexican LPG market
The private sector is facing challenges in the liquefied petroleum gases market as the national oil company Pemex gains ground on increased domestic output, declining rates of theft, and energy policies favouring the company.
Mexico’s energy policies could shift under new president, says Harbour Energy
Following the June 2 presidential election in Mexico, there is potential for the country to revise its energy policies to stimulate increased oil and gas production, according to Gustavo Baquero, Executive Vice President of Harbour Energy.
China surpasses Japan in LNG imports in January-February
China imported more LNG than Asia’s other top market for the fuel, Japan, in the first two months of 2024, in a reversal of the situation in the same period last year.
Fertilisers drive LNG demand in India
The fertiliser sector is set to continue driving Indian LNG and general gas demand, but there may be scope for a significant growth in consumption in power generation in the next decade as well.
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