GLNG - Global LNG
The world needs $8.2 trillion in upstream gas investment to meet demand in 2050: GECF
Meeting projected global demand for natural gas in 2050 will require some $8.2 trillion in investment in exploration and production.
Freeport LNG set to return online after Hurricane Beryl shutdown
The US’s second-largest LNG terminal Freeport LNG appears ready to return to taking in natural gas again after shuttering operations on July 7 in the lead-up to Hurricane Beryl making landfall in Texas.
Snam expects new Italian FLNG online in March 2025
Italian gas infrastructure operator Snam announced on July 12 that it expected a new floating LNG terminal to be up and running by March 2025.
Russia's Sovcomflot suffers disruptions with LNG tanker fleet amid sanctions
The EU has placed Sovcomflot and its tankers under restrictions in its 14th package of sanctions against Russia.
Manatee project expected to lift Trinidad and Tobago's gas levels to 2022
Trinidad and Tobago’s former Energy Minister, Kevin Ramnarine, cautioned that the Manatee gas development will have a limited impact on enhancing the country’s liquid natural gas production.
BP predicts 40% rise in LNG demand by 2030
UK supermajor BP forecasts that global demand for LNG will climb by as much as 40% by the end of the decade in comparison to 2022 levels, the company stated in its 2024 energy outlook.
Global LNG trade rises by 3.1% in 2023
Global LNG trade climbed 3.1% last year with an average of 52.9bn cubic feet per day a report released by the International Group of Liquefied Natural Gas Importers revealed.
Russia’s Novatek seeks to gain foothold in China’s LNG market
Russian state-run LNG developer Novatek has offered part of an LNG cargo to China as its new China marketing arm pushes to break into China’s massive domestic gas market.
Australian regulator now warns of gas shortage by 2027
The Australian Competition and Consumer Commission has again warned that the country’s populated East Coast could face a gas supply shortfall by 2027 and has urged that new supply sources be developed.
Impact of judge’s block of Biden pause on LNG projects approval is likely to be limited
President Biden’s LNG permit approval pause for US LNG exports to non-Free Trade Agreement nations was recently halted by a ruling by a federal judge, but the impact may be limited.
Malaysian shipping company MISC downplays speculation of major stake in Bumi Armada
Malaysian shipping giant MISC has sought to temper market speculation that it is close to acquiring a significant stake in fellow FPSO contractor Bumi Armada
Gas flows to Freeport LNG fall to near zero as Hurricane Beryl hits Texas coast
Natural gas inflowing to the Freeport LNG terminal dropped to almost zero in the leadup to Hurricane Beryl’s arrival on Texas’s east coast.
Shell takes FID on Trinidad’s Manatee project
Supermajor Shell has made a positive final investment decision on the Manatee project off the coast of Trinidad and Tobago.
US extends LPG export licence to Venezuela amid diplomatic talks
The US Treasury Department's Office of Foreign Assets Control (OFAC) has issued licence 40C, extending authorisation for the export and re-export of liquefied petroleum gas (LPG) to Venezuela until July 8, 2025.
Singapore's EPS orders eight LNG dual-fuel containerships
Singapore’s Eastern Pacific Shipping has ordered eight LNG dual-fuel containerships from China’s New Times Shipbuilding.
ADNOC’s latest deals across drilling, LNG and transition
ADNOC is continuing to invest heavily across the energy value chain as it seeks to raise its profile.
Shell agrees to 10-year LNG supply deal with MET Group
Supermajor Shell has reached an agreement with European energy firm MET Group to supply the Switzerland-headquartered company with LNG from its US operations for a 10-year period.
Petronas expands LNG fleet with new vessels
Malaysian state energy company Petronas announced on July 8 its decision to introduce three additional energy-saving liquefied natural gas ships to its North American operations
President Joko Widodo discusses gas price policy with cabinet ministers
President Joko Widodo convened the ministers of the Advanced Indonesia Cabinet at the Presidential Palace in Jakarta on July 8. The meeting focused on the continuation of the Specific Natural Gas Price (HGBT) policy
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