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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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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.
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
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