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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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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.
Data centre surge in Singapore reflected in increased imports of LNG
Singapore is set to experience a short-term rise in demand for LNG, in part driven by the recent artificial intelligence boom and the resulting expansion of data centres
South Africa’s helium and LNG operator Renergen provides update on production, exploration drilling
MISC signs deal with Samsung Heavy for LNG carriers, Petronas inks charter agreements
MISC Bhd has secured a shipbuilding contract with Samsung Heavy Industries Co Ltd to construct two new liquefied natural gas (LNG) carriers, set for delivery in 2027
New Delhi to snub gas from sanctioned Russian Arctic project
The Indian oil secretary has said New Delhi will not make any LNG purchases from the sanctioned Russian Arctic LNG 2 project.
Chinese deal with ExxonMobil sees new LNG terminal in Guangdong open its doors
China’s Guangdong Energy Group is to start full operations this week at the nation’s latest LNG terminal.
Belgium calls for coordinated approach to block Russian LNG imports
Belgium has followed the Netherlands in urging the EU to take tougher action on Russian LNG imports, stressing the need for the bloc to have a coordinated approach and adopt legislation to phase out the supplies faster.
Greece brings Alexandroupolis FSRU on stream
Greece has launched operations at a new FSRU off its northeast coast.
TotalEnergies boosts Eagle Ford gas holdings
France’s TotalEnergies announced on September 27 that it had agreed to buy a 45% interest in producing dry gas assets in the Eagle Ford shale in Southwest Texas, owned and operated by Lewis Energy Group.
Japanese LNG inventories fall to five-month low amid heatwave
Japan’s storage facilities of LNG have been decimated as hotter-than-usual weather has led the East Asian country to expend a significant amount of LNG from its caverns.
US regulators support Venture Global on Calcasieu Pass plant equipment dispute
Venture Global LNG has received the backing of US regulators in its long-running dispute with foundation customers over equipment repairs at its Calcasieu Pass LNG export terminal.
TotalEnergies signs seven-year LNG supply deal with South Korea’s Hyundai Chemical
French supermajor TotalEnergies has revealed that it has signed a heads of agreement with South Korea’s Hyundai Chemical that will see the French firm supply 200,000 tonnes per year of LNG for a seven-year period.
Cheniere Energy seeks leadership role in measuring methane emissions in LNG
Cheniere Energy will play a pioneering role in the development of rules to measure methane emissions for LNG, the company’s chief told Bloomberg during the Gastech summit in Houston.
Putin tasks Gazprom with drawing up new long-term plan
Having posted its first annual loss in over two decades in 2023, Gazprom has now been tasked with coming up with a long-term plan for its development.
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