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Overview
With significant investment going into LNG export projects in the US, Australia and across Asia-Pacific and continued concerns about gas imports into Europe and Asia, LNG is expanding as a major sector of the global gas market that has attracted super-majors and independent companies alike.
With this in mind, success can be lost or guaranteed on the basis of accurate and timely information. GLNG offers readers a macro-view of international LNG news, divided by global region. GLNG is published on Thursdays and also incorporates an extensive News in Brief section. This includes detailed and up-to-date information as it breaks, from various sources across the world.
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Harbour Energy closes $215mn on Natuna, Tuna assets sale to Prime Group
UK independent upstream titan Harbour Energy plc (LON: HBR) has formally completed the divestment of its primary operated oil and gas portfolios in the South Natuna Sea
US, Thailand reportedly speed up talks on LNG supply
The US and Thailand are reportedly in talks over new long-term US-produced LNG supplies, which have accelerated in recent weeks.
Williams cautions over pipeline capacity constraining US LNG growth
Williams has warned that gas pipeline and storage capacity constraints could pose a bottleneck for US LNG growth.
Germany’s gas grid operators warn they may fail to secure suffiencent supplies to make it through the coming winter
Germany’s gas grid operators have warned that current market conditions and storage rules may be insufficient to secure supplies through the coming winter.
US sanctions Iran's Strait of Hormuz authority as three oil and LNG tankers pass through
Three tankers transited the Strait of Hormuz with transponders switched off earlier this week, as the US Treasury moved to sanction Iran's Persian Gulf Strait Authority.
Australia drops draft of 20% LNG reservation rules
The Australian government has officially released its highly anticipated draft regulations for a blanket 20% domestic gas reservation mandate, initiating a high-stakes industry consultation window
Argentine industries face winter gas shortages after failed LNG tender
Argentine industries risk running short of natural gas this winter following the collapse of a government liquefied natural gas (LNG) tender, rising global energy prices and increased domestic demand driven by colder-than-normal temperatures.
Colombia gas crunch deepens as LNG costs surge after Hormuz closure
Colombia is facing mounting pressure on its natural gas market after disruption linked to the closure of the Strait of Hormuz tightened global LNG supply, worsening an already growing domestic shortfall driven by declining hydrocarbon production
Germany’s SEFE to ink major LNG deal with Canada’s Ksi Lisims project
Germany’s state-run gas importer Securing Energy for Europe is set to sign a long-term agreement to buy LNG from Canada’s Ksi Lisims project.
Russia eyes LNG Brazil for LNG exports
Russia believes it has a favourable outlook for exporting LNG to Brazil, Russia’s ambassador to the country told reporters in Brasilia at a meeting of the Russian-Brazilian intergovernmental on May 25.
Diplomatic progress prompts cautious resumption of Hormuz transit
The tentative reopening of the Strait of Hormuz has allowed critical LNG and crude tankers to resume transit amid progressing US-Iran diplomatic negotiations.
Pakistan seeks Gulf backing for oil reserve hub siting
Pakistan has revealed that it is hoping to persuade Gulf oil producers to establish crude storage reserves at a planned energy hub near Gwadar Port as Islamabad attempts to strengthen domestic energy security following months of disruption.
Australian Union Group Pulls Strike Action at Inpex’s Ichthys Plant
The Offshore Alliance union group has pulled strike action that had been planned for Inpex’s Ichthys LNG plant on May 27 and 28.
Indonesian gas company PGN locks in 80% dividend payout ratio, deploying $172.29mn cash return
State-backed gas infrastructure monopoly PT Perusahaan Gas Negara Tbk(IDX: PGAS) has officially greenlit a massive cash dividend distribution totaling $172.29mn
India's April LNG imports drop 30%
India’s liquefied natural gas (LNG) imports in April stood at 1.954bn cubic metres (bcm), registering a sharp 29.6% drop compared with the same month last year.
Vietnam’s PV power prioritises LNG expansion funding
State-owned energy firm PV Power has no plans to float major subsidiaries or cut its ownership below 51%, choosing instead to protect long-term cash flow as it prepares for a costly new phase of LNG power investments.
Turkey's BOTAS signs memorandum with Italy’s Edison to explore potential natural gas, LNG options
QatarEnergy signs MoU on exporting Cypriot gas via Egypt
The agreement announced on May 21 will examine how future gas production from offshore Cyprus could be integrated with Egypt’s domestic gas network and LNG facilities.
Russia completes probe into LNG carrier hit by drones in Mediterranean
Russia’s Investigative Committee said on May 25 it had completed an inspection of the damaged LNG carrier Arctic Metagaz.
Cheniere’s Corpus Christi plant produces first LNG from Train 6
Expansion of Texas LNG plant is ahead of schedule to be completed this year.
Santos takes FID on Papua New Guinea gas project
Santos and its partners in the PNG LNG project have approved a new gas development in Papua New Guinea aimed at sustaining LNG export supply.
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