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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.
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Panama Canal eyes LNG traffic recovery after 65% plunge as drought restrictions end
The Panama Canal Authority (ACP) is working to restore vessel traffic for US liquefied natural gas (LNG) shipments to Asia, following a 65% drop in its second-largest transit segment and as water levels improve after a months-long drought.
Thailand’s B.Grimm Power on the hunt for LNG
Thailand’s B.Grimm Power, one of the nation’s leading energy companies, is actively pursuing both short-term and long-term supply agreements for LNG supplies to support its expanding energy demands
Cyprus set to receive delayed FSRU
The floating storage and regasification unit for Cyprus’ long-delayed and trouble-stricken LNG project may finally leave China, where it was built.
Terminal upgrade at LNG-to-power project in central Vietnam to accommodate 90,000 tonne vessels
Quang Tri Province in central Vietnam has been granted approval to develop a terminal capable of handling vessels of up to 90,000 tonnes to serve the LNG Hai Lang Power Centre (HLPC).
Singapore turns to Japan, Korea to increase LNG import capacity
Japan’s shipping giant Mitsui OSK Lines (MOL) has signed a long-term charter contract for a floating storage and regasification unit (FSRU) with Singapore LNG Corporation, the city-state's state-owned LNG terminal operator.
South African LNG, helium producer Renergen in land dispute with local solar project
JPMorgan considers return to trading physical LNG
US investment bank JPMorgan Chase is contemplating the resumption of trading physical LNG.
Golden Pass LNG gets 3-year extension for construction of plant
Federal regulators have granted a three-year extension to QatarEnergy and ExxonMobil to complete construction of their joint venture project Golden Pass LNG located in Sabine Pass, Texas.
Pakistan asks Qatar to reschedule LNG cargoes to 2026
Pakistan has formally requested QatarEnergy to reschedule delivery of five LNG cargoes from 2025 to 2026 as the Asian country is experiencing a dip in demand for regasified LNG.
Tourmaline CEO: Growth of LNG projects will raise gas prices in Canada
Gas prices in Canada will lose their discount once the country’s first LNG project comes online, Tourmaline Oil’s CEO Michael Rose warned.
Russia’s Arctic LNG 2 shuts down for winter as sanctions bite
Russian state-run firm Novatek has shut down its Arctic LNG 2 plant in northwestern Siberia for the winter months.
TotalEnergies: Project hold-ups will push back upcoming wave of LNG supply to 2027
A delay to the next wave of LNG supply can be expected as a result of project delays, TotalEnergies’ senior vice president Gregory Joffroy stated.
AEC encourages investors to tap into Central Africa’s hydrocarbon resources at CABEF 2024
Diversified announced gas supply agreement for LNG facility
Diversified Energy announced on October 23 that it had executed an agreement to supply natural gas to a “major” unnamed Gulf Coast LNG export facility.
Energy Transfer selects KBR, Technip to build Lake Charles LNG
Energy Transfer has selected a consortium comprising KBR and Technip Energies as the engineering, procurement and construction contractors for its proposed Lake Charles LNG export project.
Pampa Energia mulling multbillion-dollar LNG plant in Argentina
Pampa Energía, one of Argentina's leading energy producers, is set to make a crucial decision within three months regarding its participation in a major LNG plant partnership as economic deregulation acceleratea offshore development.
YPF boosts Vaca Muerta export capacity in latest project
Argentina’s national oil company, YPF, has announced the completion of the final phase of its Vaca Muerta Norte project, marking a significant expansion in the country’s oil transportation capabilities.
Peru's gas reserves plummet 46% in a decade
Peru’s proven natural gas reserves have alarmingly decreased by 46% over the last decade, now only sufficient for approximately 15 years of domestic consumption.
Singapore prepares to open a second LNG import facility
Singapore LNG chief executive, Leong Wei Hung has revealed that the company is intent on opening a second LNG import facility on the island nation.
Russia begins designing nuclear-powered submarines to transport LNG from Arctic
Russia has unveiled plans to commence designing nuclear-powered submarines to ship LNG from its Arctic facilities to customers in Asia.
Venture Global tells Edison it must wait until April for delivery of LNG cargoes
US LNG upstart Venture Global has notified its European foundation customer Edison that contracted LNG cargo deliveries will be delayed until April 2025.
Belgium calls for EU-wide tracking system of Russian LNG
Belgium’s energy minister Tinne Van der Straeten has suggested the creation of an EU-wide tracking system for Russian LNG.
Egypt to transport LNG through Greece’s new FSRU terminal
State-owned Egyptian Natural Gas Holding Company will ship its LNG through Greece’s newly commissioned Alexandrouppolis floating storage and regasification unit.
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