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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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Angola affirms its position as oil and gas heavyweight with pipeline of projects announced at AEW2024
NorthAmOil: Biden administration asks court to block request to lift LNG exports pause
Biden administration asks court to block request to lift LNG exports pause
The Biden administration has requested a US Court of Appeals to throw out an order for the US Department of Energy to remove its pause of issuing export approvals for new LNG projects.
Senegal to begin LNG exports in early 2024 as Greater Tortue Ahmeyim project comes online
Senegal plans to begin exporting LNG early in 2025, a significant milestone for the West African nation’s energy sector.
Reports highlight Guyana’s growing oil dominance, LNG potential
Two newly released reports have pointed to Guyana’s growing oil dominance, as well as to its potential to become an LNG exporter as well.
Indian Gas Exchange reports 160% month-on-month jump in trade volume in October
The Indian Gas Exchange (IGX) reported trading 201mn standard cubic meters (mmscm) of gas in October, marking a 160% increase month-on-month, it announced on November 6.
GLNG: Glenfarne selects contractor Kiewit for Texas LNG project
US LNG exports projected to experience smallest annual rise
US LNG exports are expected to see their smallest annual rise since the country began exporting the super-chilled fuel in 2016.
Mitsubishi predicts its LNG capacity will reach 17mn tonnes by early 2030s
Japanese trading house Mitsubishi has forecast major growth in its LNG capacity, predicting that its capacity will more than triple from its current level of 5mn tonnes per year to more than 17mn tpy by the early 2030s.
European Commission approves VTTI’s acquisition of Adriatic LNG terminal
Dutch headquartered energy storage group VTTI together with German asset manager IKAV have been granted authorisation by the European Commission to purchase Italy’s Adriatic LNG terminal.
Guyana and Suriname emerging as major global LNG players, Wood Mackenzie report indicates
Guyana and Suriname could emerge as significant players in the global LNG market, with potential annual production reaching 12 million metric tonnes by the next decade, according to a new Wood Mackenzie report.
Coterra and Vitol sign 11-year LNG supply deal
Houston-based Coterra Energy has signed a long-term LNG supply deal with global energy and commodities trader Vitol.
Gas demand in India likely to reach 113 bcm by 2040, says Rystad Energy
Natural gas demand in India is forecast to reach 113.7 bcm by 2040, according to energy research company Rystad Energy. This is nearly double the 65 bcm the country used in 2023, a new report on India’s gas status says.
Glenfarne selects contractor Kiewit for Texas LNG project
New York-headquartered Glenfarne Group has chosen contractor Kiewit to build the company’s Texas LNG plant.
Cyprus ready to use Egypt's existing infrastructure to export gas to Europe — energy minister
LNG prices stabilise, offering relief for Thai electricity bills
Thailand's Electricity Generating Authority of Thailand (EGAT) has indicated that liquefied natural gas (LNG) prices are likely to remain stable in early 2025, potentially easing pressure on electricity tariffs
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
Sonatrach signs gas supply contract with Czech utility CEZ
US sanctions four Singapore-based LNG firms over alleged ties to Russia’s Novatek
The United States has imposed sanctions on four Singapore-based LNG shipping companies linked to Russian energy producer Novatek, targeting their role in circumventing sanctions on Russia's gas industry
US maintains sanctions pressure on Russian LNG
The US Treasury Department maintained pressure on the Russian liquefied natural gas (LNG) sector with a number of designations in the October 30 sanction update.
PTLNG signs $182.87mn contract for LNG project in Indonesia
Russia's Zvezda shipyard delays deliver of Arc7 carriers for Arctic LNG-2
The Zvezda shipyard in the Russian Far East is not expected to deliver the lead Arc7 LNG carrier for Novatek’s Arctic LNG-2 terminal by the end of this year as initially planned, Moscow-based newspaper Kommersant reported on October 30.
TotalEnergies' unreceived dividends from Russia to reach $1.5-2.0bn by year-end, says CEO
French oil major TotalEnergies’ dividends from its joint projects with Novatek that cannot be transferred out of Russia could reach between $1.5-2.0bn by the end of this year.
Peru to streamline environmental permits for hydrocarbon exploration
The Ministry of Energy and Mines (Minem) is set to reduce the lengthy environmental permitting process for oil and gas exploration in Peru, potentially cutting approval times by up to two years.
Colombia's gas and oil sectors face critical developments
The future of Colombia's gas supply has received a significant boost with the resumption of activities at the Sirius gas well, previously known as Uchuva-2.
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