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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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Novatek gas sales down 2.3% in 9M 2024
Natural gas sales at Russia’s Novatek were down 2.3% year on year at 56.16bn cubic metres in January through September, as the company continues its search for buyers for LNG from the sanctioned Arctic LNG-2 project.
Cheniere’s Corpus Christi expansion project gets key federal approval
US LNG producer Cheniere Energy has been granted authorisation by federal regulators to open operation of a supply line for its Corpus Christi Stage 3 LNG plant in Texas.
Russian gas supply to China could reach 85 bcm by 2030, says Gazprombank
Russian gas pipeline and LNG exports to China could reach 85bn cubic metres by 2030, according to analysts from Gazprombank’s Centre for Economic Forecasting (CEP).
Ecuador greenlights new LNG terminal project
Ecuador's hydrocarbons regulator (Arch) has granted approval to domestic firm Pacific Terminal for the construction of a liquefied natural gas (LNG) import and storage facility in Monteverde, Guayas province.
Royal Group breaks ground on 900 MW LNG power plant
Japan diversifies LNG supply
As Japan faces an impending supply glut, the nation is strategically exploring alternative liquefied natural gas (LNG) sources in Africa while consolidating its traditional supply chains in the Asia-Pacific region
Indian LNG imports jump 12.4% in September
India's LNG imports in September came in at 2.9bn cubic metres, up 12.4% year-on-year (y/y), according to provisional data released on October 16 by the Petroleum Planning and Analysis Cell (PPAC) of the Indian Ministry of Petroleum and Natural Gas.
New Fortress Energy’s Altamira LNG plant in Mexico exports first cargo to the Netherlands
US LNG developer New Fortress Energy has delivered its first LNG cargo to Holland’s Gate terminal from its Altamira LNG plant located in Mexico.
Russia to seek €1bn damages from Shell for Sakhalin pullout
The Russian Prosecutor General's Office has demanded to recover more than €1bn in damages from the Dutch-British oil major Shell.
Bulgaria approves energy partnership with Oman
Bulgaria’s government approved on October 15 a cooperation agreement with Oman on the global market of LNG, investments in renewable energy projects and sources for electricity storage, it said in a statement after its regular session.
South Korea’s KOGAS and Singapore’s EMA sign MoU on joint LNG purchases
South Korean state-owned Korea Gas Corp. and Singapore’s Energy Market Authority will examine the possibility of making joint purchases of LNG and collaboration possibilities in chartering and operating LNG vessels.
Bangladesh seeks more investments from the US
Bangladesh is seeking increased investment from the US, with the country's Chief Adviser, Professor Muhammad Yunus, stating that his government has implemented measures to attract foreign direct investment (FDI).
Japan pursues policies for emission reductions with ASEAN, foreign partners
During the last month, Japan has entered new agreements and programmes designed to reduce carbon dioxide emissions in line with policies approved by the government through its Green Growth Strategy launched in October 2020.
Tecpetrol plans a new LNG export project utilising Vaca Muerta gas
Tecpetrol, the oil arm of the Techint group, has unveiled plans for a new liquefied natural gas (LNG) export project utilising gas from Argentina's Vaca Muerta formation.
Equinor affirms its commitment to stalled Tanzania LNG project
Norwegian energy firm Equinor is holding firm in its commitment to the Tanzania LNG project despite proposed alterations by the government to a financial deal agreed on last year.
ONGC plans to develop small-scale LNG plants in India
Indian state-owned energy company ONGC has invited expressions of interest (EoI) from solutions providers for setting up five small-scale LNG plants to tap stranded natural gas.
South Africa’s national freight and logistics firm Transnet plans to avert looming gas shortages
Arbitrator rules Kosmos Energy cannot sell LNG cargoes from Greater Tortue Ahmeyin to third parties
A Paris arbitrator has ruled that US firm Kosmos Energy is prohibited from selling LNG cargoes to third parties from the Greater Tortue Ahmeyin project located offshore of Mauritania and Senegal.
UK’s Grain LNG terminal receives accreditation on methane emissions from MiQ
The UK’s Grain LNG terminal has achieved an historic certification as the first LNG port in the world to be granted MiQ’s accreditation for the methane emissions performance of its operations.
Oman LNG agrees to 4-year supply deal with Japan’s Kansai Electric Power
State-run Oman LNG has agreed to a four-year supply deal with Japanese utility Kansai Electric Power.
Russia has big potential for small-scale LNG, experts say
Russia holds considerable potential for the development of small-scale LNG, but companies are hesitant to invest in the sector because of legal restrictions on gas exports and weak domestic demand.
West Australia should "prepare for storm" of gas supply shortfall in early 2030s
Western Australia’s decision to allow the export of more onshore gas production this decade does not endanger domestic supply and will spur upstream investment, Adelaide-based consultancy EnergyQuest said in a report this month.
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