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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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JERA secures $1.5bn credit facility for LNG operations
The Singapore-based trading arm of Japan’s JERA has secured a one-year syndicated revolving credit facility worth $1.495bn to support its LNG trading operations.
Cosan’s Edge lands LNG supply deal for heavy-duty trucks
Cosan Group’s Edge has partnered with Virtu GNL to supply 150,000 cubic metres of liquefied natural gas (LNG) per day to support the heavy-duty transport sector, the companies announced.
Indian Gas Exchange reports 34% drop in month-on-month trade volume in September
The Indian Gas Exchange (IGX) traded about 77mn standard cubic meters (mmscm) gas volume in September, down 34% on month-on-month (m/m), IGX said on October 9.
Pertamina discovers new oil and gas resources in Sulawesi
PT Pertamina Hulu Energi (PHE), the upstream subholding of Pertamina, has discovered new potential oil and gas resources in Sulawesi.
Natural gas company Rukun Raharja secures fuel pipeline contract in Indonesia
PT Rukun Raharja Tbk (RAJA), through its subsidiary PT Pertrotech Penta Nusa (Petro), along with a consortium including PT Citra Panji Manunggal (CPM) and PT Bakrie Pipe Industries (BPI), has secured a contract for fuel pipeline services.
Bangladesh turns to Singapore in a bid to alleviate energy woes
In a significant effort to address Bangladesh's ongoing energy crisis, the interim government in Dhaka has approved the import of two cargoes of LNG from Gunvor Singapore
McDermott secures EPCI contract for North Field South Offshore Pipelines and Cables
US engineering and construction firm McDermott has been selected as the winning contractor by QatarEnergy for an engineering, procurement, construction and installation contract for its North Field South Offshore Pipelines and Cables Project.
Mexico’s Gato Negro granted LNG export permit from US Department of Energy
Mexico’s Gato Nego LNG facility, located in Manzanillo, has been authorised to export LNG to countries the US holds free trade agreements with, the US Department of Energy announced.
Hurdles mount as Russia races against time at sanctioned Arctic LNG 2 facility
Russia’s Arctic LNG 2 facility located in Sabetta, northwest Siberia, finds itself in a race against time to sell LNG cargoes before winter arrives and routes become untraversable without ice breakers.
Frontera Energy faces challenges amid gas crisis and amends share buyback
Frontera Energy Corporation, a Canadian oil and gas company, recently made a significant amendment to its substantial issuer bid.
Serbia signs MoU with North Macedonia for gas interconnector
Serbia has taken another step to diversify its energy supply by agreeing a plan for a pipeline to link to the liquefied natural gas terminal in Alexandroupolis, Greece.
Japan signs deal with Italy’s Eni for LNG supply during emergencies
Japan and Italian energy major Eni have agreed in principle to sign a memorandum of understanding to allow Tokyo to purchase LNG from the company during emergencies, the Japanese government revealed.
China reaches an LNG crossroads of sorts
China has reached a dominant position in global energy markets, with an abundant supply of natural gas and the subsequent leverage to dictate its own negotiating terms
Bangladesh scraps deal with Summit Group for second FSRU
The Bangladesh government has cancelled its deal with Summit Group on the second floating storage and regasification unit (FSRU).
VTTI plans investment in Asian LNG terminals
Bloomberg reported last week that VTTI BV CEO Guy Moeyens said there was a huge scope for new terminals in Asia. “There is a lot of potential in India, Bangladesh, Pakistan and the Philippines,” he said.
Petrobras confirms major gas discovery in Colombia
Brazil's state-owned oil company Petrobras has announced significant gas discoveries in the Guajira Basin, offshore Colombia, estimating the reserves to be around 170 billion cubic metres.
Santos signs mid-term LNG supply deal with TotalEnergies Gas & Power Asia
Australian energy giant Santos has come to an agreement with supermajor TotalEnergies on a mid-term LNG supply deal.
Adani Total Gas launches green hydrogen in natural gas blending project in India
Adani Total Gas announced the commissioning of its hydrogen blending system at Adani Shantigram in Ahmedabad, Gujarat, on October 4.
Japanese firms call for methane abatement in LNG supply chain
A group of 22 utilities and trading houses in Japan have joined an alliance aiming to leverage their buying power and put pressure on LNG suppliers to reduce methane emissions in their supply chains.
Europe is trying to reduce its dependence on Russia, but imports of gas and fertiliser on the rise in 8M24
Europe is trying to reduce its dependence on Russian inputs, but imports of piped gas, LNG and fertilisers have ballooned in the first eight months of this year.
Australia places faith in gas and CCS
The Future Gas Strategy is pragmatic, recognising that role that natural gas will play throughout the energy transition, and stressing the need for carbon capture and storage (CCS) to abate its emissions.
Excelerate strikes deal with PetroVietnam on FSRU solutions
New York-listed Excelerate Energy has signed an agreement with Vietnam’s state oil and gas company PetroVietnam on exploring technical solutions involving FSRUs for importing LNG into the Asian country.
UK becomes first major economy to end coal power use
The 2,000-MW Ratcliffe-on-Soar power plant in Nottinghamshire finished its final shift at midnight on September 30.
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