GLNG - Global LNG
Investors sue New Fortress Energy alleging violation of securities laws
A class action lawsuit has been filed by investors against US firm New Fortress Energy (NFE), accusing the company of misrepresenting facts concerning its Fast LNG projects located offshore Altamira, Mexico.
Toyo Engineering India to increase New Delhi’s LNG import capacity at Dahej, with completion scheduled for 2027
Toyo Engineering India, the Indian arm of Japan’s Toyo Engineering Corp., has secured an order from India’s Petronet LNG Ltd to build the topside facilities for a third jetty at the LNG receiving terminal in Dahej, Gujarat.
Bangladesh interim government takes steps to ease gas problems
The interim government in Bangladesh, led by Nobel Prize laureate Muhammad Yunus, is taking steps to address the numerous problems faced by the country’s energy industry.
YPF in talks with global oil majors to become partners in LNG export project
Argentina's national oil company YPF is seeking new equity partners for its LNG export project amid uncertainty over Petronas's continued involvement, CEO Horacio Marin revealed.
France top Russian fossil fuel importer in the EU in Oct
France emerged as the top importer in the EU of Russian fossil fuels in October, the Finland-based Centre for Energy and Clean Air Research (CREA) reported on November 8.
Europe can offset loss of Russian gas transit via Ukraine with LNG: Snam CEO
Europe can offset the potential loss of Russian gas supplies via Ukraine with increased LNG imports, the head of Italian gas grid operator Snam said during a post-result conference call on November 7
Second small-scale LNG project announced in Kazakhstan
Dubai-based Silk Way Energy plans to build a small-scale LNG plant in Kazakhstan’s southeast Zhetysu region.
ADNOC Gas acquires majority stake in Ruwais LNG plant from ADNOC
ADNOC Gas has agreed to purchase a 60% stake in the United Arab Emirates’ Ruwais LNG plant from its parent company ADNOC.
Six firms linked to financing of Vietnam’s $521.5mn LNG-to-power projects
Norton Rose Fulbright, VILAF, YKVN, Kim & Chang, Bär & Karrer, and Pinsent Masons have reportedly advised on the ongoing $521.5mn financing of a crucial LNG-to-power project in Vietnam.
EC President von der Leyen suggests buying more LNG from US
As Europe scrambles to contain the potential damage to economic ties with the US following the re-election of Donald Trump, European Commission President Ursula von der Leyen suggested one way of smoothing relations is to buy more US LNG.
QatarEnergy moves to expand fleet, exploration and services
QatarEnergy has received four new LNG vessels as part of a massive fleet expansion programme. In the upstream, the company has acquired a stake in acreage offshore Egypt.
Panama to strip registration from sanctioned LNG vessels tied to Russian gas
Panama's Maritime Authority has initiated deregistration procedures for four liquefied natural gas (LNG) vessels recently sanctioned by US authorities over connections to Russian energy firm Novatek.
AI takes centre stage at ADIPEC
The conference, where almost 200,000 participants gathered, featured a series of sessions dedicated to the technology, as well as a special AI zone, where various AI-related energy solutions and initiatives were presented.
Angola affirms its position as oil and gas heavyweight with pipeline of projects announced at AEW2024
Biden administration asks court to block request to lift LNG exports pause
The Biden administration has requested a US Court of Appeals to throw out an order for the US Department of Energy to remove its pause of issuing export approvals for new LNG projects.
NorthAmOil: Biden administration asks court to block request to lift LNG exports pause
Senegal to begin LNG exports in early 2024 as Greater Tortue Ahmeyim project comes online
Senegal plans to begin exporting LNG early in 2025, a significant milestone for the West African nation’s energy sector.
Reports highlight Guyana’s growing oil dominance, LNG potential
Two newly released reports have pointed to Guyana’s growing oil dominance, as well as to its potential to become an LNG exporter as well.
Indian Gas Exchange reports 160% month-on-month jump in trade volume in October
The Indian Gas Exchange (IGX) reported trading 201mn standard cubic meters (mmscm) of gas in October, marking a 160% increase month-on-month, it announced on November 6.
GLNG: Glenfarne selects contractor Kiewit for Texas LNG project
US LNG exports projected to experience smallest annual rise
US LNG exports are expected to see their smallest annual rise since the country began exporting the super-chilled fuel in 2016.
Mitsubishi predicts its LNG capacity will reach 17mn tonnes by early 2030s
Japanese trading house Mitsubishi has forecast major growth in its LNG capacity, predicting that its capacity will more than triple from its current level of 5mn tonnes per year to more than 17mn tpy by the early 2030s.
European Commission approves VTTI’s acquisition of Adriatic LNG terminal
Dutch headquartered energy storage group VTTI together with German asset manager IKAV have been granted authorisation by the European Commission to purchase Italy’s Adriatic LNG terminal.
Guyana and Suriname emerging as major global LNG players, Wood Mackenzie report indicates
Guyana and Suriname could emerge as significant players in the global LNG market, with potential annual production reaching 12 million metric tonnes by the next decade, according to a new Wood Mackenzie report.
Coterra and Vitol sign 11-year LNG supply deal
Houston-based Coterra Energy has signed a long-term LNG supply deal with global energy and commodities trader Vitol.
Gas demand in India likely to reach 113 bcm by 2040, says Rystad Energy
Natural gas demand in India is forecast to reach 113.7 bcm by 2040, according to energy research company Rystad Energy. This is nearly double the 65 bcm the country used in 2023, a new report on India’s gas status says.
Glenfarne selects contractor Kiewit for Texas LNG project
New York-headquartered Glenfarne Group has chosen contractor Kiewit to build the company’s Texas LNG plant.
Cyprus ready to use Egypt's existing infrastructure to export gas to Europe — energy minister
LNG prices stabilise, offering relief for Thai electricity bills
Thailand's Electricity Generating Authority of Thailand (EGAT) has indicated that liquefied natural gas (LNG) prices are likely to remain stable in early 2025, potentially easing pressure on electricity tariffs
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
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