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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.
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Welcome to the latest edition of NewsBase’s Roundup Global (NRG), in which our team of international editors provide you with a snapshot of some of the key issues affecting their regional beats.
Pakistan’s Sui Southern Gas Company Ltd (SSGCL) has encountered stiff opposition from local industry over its request that the government hike wholesale natural gas prices by 10.6% for financial year 2021-2022.
ECA LNG, Sempra’s joint venture with its Mexican subsidiary IEnova, has become the first party to push an LNG export project to the FID stage since the beginning of 2020.
China National Offshore Oil Corp. (CNOOC) intends to add 1.62mn cubic metres of liquefied natural gas (LNG) storage capacity at its Binhai terminal in Jiangsu Province.
China’s state-run Sinopec Corp. has revealed that it expects natural gas production growth to slow significantly this year, despite the country’s rising demand for the fuel.
US-based Tellurian is reportedly in talks with unidentified Asian buyers to sell almost half of its output from its proposed Driftwood LNG terminal on the Gulf Coast.
The Papua LNG project received a major boost last week after the Papua New Guinea (PNG) government passed six pieces of legislation that will allow operator Total to proceed with the $20bn development.
LNG imports are likely to fill the supply gap that is building in Argentina and Brazil over the next five years, as pipeline shipments of Bolivian natural gas to the two countries decline, according to Rystad Energy.
The Nigeria LNG (NLNG) consortium is gearing up to increase the volume of LPG reserved for domestic consumption by more than a quarter next year.
Brazil’s latest gas reform bill anticipates the need to liberalise access to pipelines, LNG terminals and other infrastructure ahead of the recovery in energy demand.
China’s Foran Energy Group has agreed to buy 26 cargoes from US LNG exporter Cheniere Energy in a move that signals improving trade relations between the two countries.
Deteriorating bilateral relations between China and Australia have forced Woodside Petroleum to shelve plans temporarily to sell a stake in a liquefied natural gas (LNG) project and associated gas field to Chinese investors.
Although Eni’s CEO has remained enthusiastic about multi-billion-dollar LNG projects, Mozambique's economic and security challenges warrant attention.