GLNG - Global LNG

Russian LNG exports down 7.3% in January

Russia's LNG exports fell by 7.3% year-on-year to 5.1mn tonnes in the first two months of 2025, according to preliminary data from LSEG on February 28.

Indonesia’s energy future hinges on stronger upstream-downstream collaboration

Strengthening coordination between upstream and downstream sectors is essential to ensuring Indonesia’s natural gas supply remains stable and sustainable, industry experts emphasised during the EITS Discussion Series 2025 in Jakarta on February 26

Eni and Petronas form joint venture to manage energy assets in Southeast Asia

Italian energy giant Eni and Malaysia’s state-owned firm Petronas have formalised an agreement to establish a joint venture that will oversee upstream operations in Indonesia and Malaysia, the companies announced on February 27

North Macedonia to sign deal for construction of gas interconnector with Greece in March

North Macedonia’s Prime Minister, Hristijan Mickoski, announced that the country expects to sign the agreement to commence construction of the gas interconnector with Greece in March.

Russia and China remain rivals in the Arctic, and now the US is knocking at the door

Russia and China’s “no limits” partnership has strengthened considerably over the past three years. They have been driven together by the geopolitical clash between East and West. But there is one place they remain rivals: the Arctic.

Trinidad and Tobago seeks US extension to allow Shell to develop gas field

Trinidad and Tobago will seek an extension from the US government for a licence that allows Shell and the National Gas Company to develop the Dragon gas field project in Venezuelan waters.

Woodside sees LNG demand outstripping supply in 2030s amid project delays

Woodside Energy expects global LNG demand to outstrip supply into the 2030s as delays push nearly 30mn tonnes per year of new capacity into the next decade.

China’s stare-down of Trump’s energy tariffs will not end well – for the US

In a swift response to President Donald Trump's imposition of a 10% tariff on Chinese imports, Beijing has retaliated by levying tariffs on US energy exports. The Chinese government announced a 15% tariff on US coal and LNG, alongside 10% on crude.

South African Sasol rules out LNG as possible feedstock for its operations

Colombia's Ecopetrol to enhance gas imports amid domestic shortfall

Ecopetrol SA plans to address Colombia's declining natural gas reserves by developing two import facilities operational by next year. These terminals aim to bridge the domestic supply gap until offshore Caribbean wells commence production.

Global LNG demand to surge 60% by 2040 on Asian economic growth

Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.

Mexico's reliance on US gas to grow despite trade uncertainties, Fitch says

Mexico's reliance on American natural gas imports is set to deepen over the coming years as domestic production falters and demand surges, according to a recent assessment from Fitch Ratings.

Japan's Shizuoka Gas to acquire stake in US shale gas project

Japan-based Shizuoka Gas Co. Ltd. has signed a heads of agreement with TG Eagle Ford Resources LP, a subsidiary of Tokyo Gas America Ltd., to acquire a 25% interest in the eagle Ford play in Texas.

Nigerian LNG producer to compensate Vitol and Glencore $380mn

Nigeria LNG has been ordered by a London court to pay $380mn in compensation to energy and commodity traders Glencore and Vitol for failure to deliver 19 ordered cargoes.

Cyprus sees progress in development of offshore gas resources

In recent weeks several agreements and understandings have been reached between the Republic of Cyprus and the parties involved in the development of its offshore gas fields.

Tokyo Gas completes purchase of 20% stake in Philippines LNG terminal

Japan’s largest gas supplier Tokyo Gas has concluded the acquisition of a 20% stake in the First Gen’s LNG terminal located in Batangas City, Philippines.

Venture Global gets permission to expand Plaquemines LNG facility

US LNG producer Venture Global has been given authorisation from federal regulators to expand export capacity at its Louisiana-based Plaquemines LNG facility.

Colombia's Ecopetrol moves to mitigate gas deficit with imports

Ecopetrol SA aims to counter Colombia’s declining natural gas reserves by establishing two import terminals set to commence operations next year

INTERVIEW: Integrating AI with data and experience

AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.

Cheniere eyes expansion of LNG exports

The US’s largest LNG exporter Cheniere Energy is targeting a major ramp-up of LNG exports amid the improved business climate for the sector under the new Presidency of Donald Trump.

EU expands oil and gas sanctions in 16th package

The EU has imposed additional measures against Russia’s oil and gas industry as part of its 16th sanctions package, while stopping short of any further restrictions on the bloc’s purchase of Russian LNG.

EU paid four times more for Russian LNG in Q4 2024 versus Q1 2021

The cost of importing Russian LNG into the EU has increased nearly fourfold compared to 2021 levels, driven by rising supply volumes and higher prices.

EU spending on Russian oil and gas surpasses Ukrainian aid

Despite various sanctions, Russia's global fossil fuel export revenues reached €242bn in the third year of the invasion.

Novatek prepares to relocate LNG transhipment to Barents Sea

Novatek is preparing to minimise the impact of European sanctions on its exports to Asian markets.

Philippines reveals interest in importing LNG from Alaska

As Trump continues to push US LNG exports, the Philippines joins Japan and Taiwan in assessing the Alaska LNG project.