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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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Aramco to increase stake in MidOcean and back Peru LNG deal
Saudi Aramco plans to raise its stake in MidOcean Energy to 49%, while also financing MidOcean's acquisition of a 15% share in Peru LNG from Hunt Oil Company.
Colombia faces energy crisis as gas supplies fall
Colombia is facing a potential energy crisis, as experts warn the country must urgently decide whether to boost domestic gas production or increase liquefied natural gas (LNG) imports.
Petronas clarifies no legal action against Sarawak over gas distribution
Petroliam Nasional Bhd (Petronas) has confirmed it will not pursue legal action against the Sarawak government or its state-owned oil and gas company, Petroleum Sarawak Bhd (Petros), concerning natural gas distribution.
YPF prepares to continue Patagonia LNG project if Petronas exits
Argentina's $30bn Liquefied Natural Gas project in Patagonia faces uncertainty as YPF CEO Horacio Marín acknowledged the potential withdrawal by Malaysian partner Petronas.
GLNG: Venture Global signs deal with Gastrade for regasification capacity at new Greek terminal
BP’s Pan American targets Asian buyers for Argentina project
BP’s Pan American Energy will aim to sign supply contracts with Asian buyers from its floating LNG project, the company’s vice president Rodolfo Freyre told an audience at the annual Gastech conference in Houston.
Venture Global signs deal with Gastrade for regasification capacity at new Greek terminal
Upstart US LNG developer Venture Global has agreed to a 5-year deal with Greece’s Gastrade to regasify up to 1mn tonnes per year.
ASX-listed Jade Gas kicks off drilling on initial wells at Red Lake in South Gobi, Mongolia
TotalEnergies extends SPA with CNOOC, guarantees delivery of 1.25mn tpy
TotalEnergies has extended its sales and purchase agreement with China’s CNOOC for an additional five years, ensuring the delivery of 1.25mn tonnes of LNG per year until at least 2034.
Netherlands urges more sanctions on Russian LNG
The Netherlands has called for more sanctions to restrict Russian LNG imports into the EU, noting an increase in the volume of Russian super-cooled gas arriving on its own shores in recent months.
Resale of Aussie gas by Japanese buyers draws criticism
Shipments of Australian LNG, originally contracted for Japan, are being diverted to other countries such as Thailand, Taiwan and also Indonesia.
TotalEnergies announces pair of LNG deals
French supermajor TotalEnergies has announced a pair of LNG supply deals at the annual Gastech conference held in Houston from September 17-20.
Russian Novatek said to pause LNG projects to regroup due to sanctions
Russian natural gas major and leader in the liquefied natural gas market Novatek has paused the development of two major LNG projects in order to regroup and reconsider their business models under heavy sanction pressure.
Turkmenistan suffers energy export setback as Turkey opts for new LNG deal
Holding out for last penny could cost Ashgabat.
Eskom, Sasol sign MoU on exploring LNG potential to mitigate looming gas shortage in South Africa
LNG specialist Condor Energies receives second natural gas allocation in Kazakhstan
Chevron CEO slams Biden gas policies
Chevron’s CEO, Michael Wirth, has slammed President Joe Biden's administration for "attacks on the natural gas” industry.
Colombian judge orders Petrobras and Ecopetrol to cease offshore gas well
Petrobras and Ecopetrol have been ordered by a Colombian court to halt drilling operations on the Uchuva-2 offshore gas well, located near Taganga in the Caribbean, following a legal challenge from a local Indigenous community.
More QatarEnergy LNG carriers to be built in China
In a coup over Korea for its shipbuilding industry, China has agreed a major deal with Qatar for six very large, advanced LNG carriers.
Europe may have passed peak LNG demand, report says
Europe’s LNG imports are in steep decline and the continent may have already experienced peak LNG demand, a new report from the Institute for Energy Economics and Financial Analysis revealed.
LNG imports to China could stall as storage facilities fill up fast
China’s natural gas storage is nearing capacity, which may lead to a reduction in LNG imports.
Bangladesh returns to LNG spot market following protests, issuing three tenders
Bangladesh has issued tenders for three LNG cargoes, resuming purchases from the spot market.
Gazprom targets top-dog supplier slot of LNG to Vietnam
Gazprom is looking to become Vietnam's primary supplier of LNG, with the aim of supporting the nation's socioeconomic development.
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