GLNG - Global LNG
Condor selected to build Kazakhstan’s first LNG facility
Canadian firm Condor has been chosen by Kazakhstan to construct the nation’s first LNG plant, the company announced.
Milei and Río Negro oil union back LNG plant on Argentina’s Atlantic coast
The Oil and Gas Union of Río Negro, Neuquén and La Pampa has endorsed the proposed natural gas liquefaction plant on Río Negro's Atlantic coast.
Indonesia's energy and mineral resources ministry boosts efforts to manage five available oil and gas blocks
The Indonesian government, through the Ministry of Energy and Mineral Resources (ESDM), continues to push for the management of five available oil and gas blocks
Indian LNG imports climb in June on demand from gas power bodies, fertiliser industry
India’s imports of LNG rose in June by 11% to 2,648mn standard cubic metres. This was largely the result of the country’s gas consumption increasing by 7%.
TotalEnergies-led group could need $4bn more to build a liquefied natural gas project in Mozambique
An Indian company, Bharat Petroleum Corporation, with a 10% stake in a $16bn liquefied natural gas project in northern Mozambique has said costs of developing the project could rise by $4bn.
Russian LNG shadow fleet could count over 50 vessels
Since 2Q23 over 50 liquefied natural gas tanker vessels have registered in the UAE, in what is suspected to be a Russian “shadow fleet” for LNG in the making.
Novatek boosts output by 3% in Q2
Russia’s top LNG exporter Novatek increased its quarterly hydrocarbon production by 2.8% year on year in the second quarter to 1.79mn barrels of oil equivalent per day.
Malaysia targets larger portion of worldwide LNG market
Malaysia is poised to enhance its global footprint in natural gas trading, as the nation’s oil and gas giant Petroliam Nasional Bhd, more commonly known as Petronas, ramps up its international investments.
Sempra selects Bechtel for construction of phase 2 of Port Arthur LNG
Sempra Infrastructure has signed an agreement with Bechtel Energy for a fixed-price engineering, procurement, and construction contract for Phase 2 of the Port Arthur LNG project in Texas.
Chinese consortium pulls out of project to build Cyprus’ first LNG import terminal
China’s CPP-Metron Consortium (CMC) has walked away from its contract with the government of Cyprus to build what would be the country’s first LNG import terminal.
Freeport LNG cancels 10 cargoes following shutdown from Hurricane Beryl
The US’s second largest LNG export terminal, Freeport LNG, canceled at least 10 cargoes for export in August following the plant’s shutdown as Hurricane Beryl made landfall on the Texas coast.
Indonesia’s Special Task Force for Upstream Oil and Gas Business Activities reports $5.6bn investment in upstream oil and gas for H1 2024
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) revealed an upstream oil and gas investment of $5.6bn, equivalent to IDR90.63 trillion, in the first half of 2024
Weighing up impact of halt to Ukrainian gas transits
Rystad Energy considers the options for European countries that still rely on Russian gas in the event that Ukrainian transits are halted at the end of this year.
Decline in US-Mexico oil and energy trade value in 2023 despite increased volume, EIA reports
In 2023, the value of crude oil and fuel trade between the United States and Mexico declined by nearly 15% to $66.5bn, despite an increase in trade volume, according to the US Energy Information Administration.
Decline in gas lifting prompts call for accelerated oil and gas development
Finance Minister Sri Mulyani Indrawati reported a decline in average gas lifting from 955,000 barrels of oil equivalent per day in the first half of 2023 to 918 kboepd in the first half of 2024.
State-owned subsidiary Pertamina Hulu Rokan discovers new oil and gas reserves in Rokan block
PT Pertamina Hulu Rokan continues its extensive exploration activities following the takeover of the Rokan Block in 2021.
Argentina’s YPF expands clean energy ventures amidst LNG plant negotiations
YPF, in the midst of deliberations with Petronas regarding the location of a $30bn LNG plant, the largest private investment in Argentine history, is also forging ahead with its renewable energy initiatives.
Pemex achieves 22 months of gas station growth, up 6.5% since July 2022
Petróleos Mexicanos has seen a steady increase in its gas station network, marking 22 consecutive months of growth with a 6.5% rise from July 2022 to April 2024, reports from the state-run company reveal.
AEW 2024 to host country-specific sessions for investment opportunities across Africa
The upcoming African Energy Week (AEW): Invest in African Energy conference, Africa’s premier event for the energy sector, will take place from November 4-8 in Cape Town, South Africa.
BP: oil demand and emissions will peak in 2025
Oil super major BP's latest outlook on global energy trends suggests a potential peak in worldwide oil demand as early as next year, a development that could mark a significant turning point in global carbon emissions by 2025.
US Court orders FERC to reassess environmental impact of Commonwealth LNG
Commonwealth LNG’s proposed Louisiana facility must undergo a reassessment by the Federal Energy Regulatory Commission of the impact of its emissions a US Court of Appeals ruled on July 17.
Russia increases LNG and piped gas exports to Europe in 1H24 despite sanctions
Russia increased its exports of liquefied natural gas by 9% (or 2bn cubic metres) and piped gas by 7% in the first half of 2024 y/y, according to a report by the International Energy Agency (IEA).
Thailand’s Cabinet approves PTT pipeline project despite mangrove forest impact
Thailand's Cabinet has greenlit a natural gas pipeline project by PTT Public Company Limited despite concerns about its impact on mangrove forests.
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