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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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Cambodia's LNG plans face energy security, cost challenges
Cambodia’s plans to develop liquefied natural gas (LNG)-fired power generation face significant challenges related to energy security, affordability, and long-term sustainability.
ADNOC explores US gas assets amid strategic expansion
ADNOC is pursuing acquisitions of gas production assets in the US to bolster its presence in the American energy sector
Venture Global to invest $18 billion to expand Plaquemines LNG
US LNG producer Venture Global will increase the nameplate capacity of its Plaquemines LNG facility to 45mn tonnes per year.
Poland’s Orlen signs deal to supply Ukraine with LNG
The LNG will be transported from cargoes delivered to the LNG import terminal located in Klaipeda, Lithuania. The super-chilled fuel will then be transported through Lithuania and Poland before it reaches Ukraine via the Drozdovychi interconnector.
US Venture Global suffers stock freefall after fourth-quarter revenue miss
US LNG producer Venture Global saw its stock tumble by 36% on March 6 after missing fourth-quarter revenue targets.
Golden Pass LNG receives US export extension
QatarEnergy and ExxonMobil’s joint venture Golden Pass LNG has been granted an extension for its permit for exports to begin.
Vietnam to increase US imports liquefied gas, machinery imports amid trade imbalance concerns
Vietnam will boost imports of liquefied gas, fuel, machinery, and technology from the United States to help address trade imbalances between the two countries, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said on March 5.
Indian Gas Exchange reports 27% jump in February trading volume
During the month Indian Gas Exchange traded 196 mmscm gas volume, higher by 27% year-on-year, IGX said in a press release.
Colombia's Ecopetrol enhances regasification capacity amid impending gas shortfall
Colombia's state-owned oil and gas company, Ecopetrol, has awarded a contract to local firm Puertos, Inversiones y Obras (PIO) to deliver regasification services along the nation's Pacific Coast.
South Korea expresses interest in Alaska LNG project
South Korea has become the latest Asian country to indicate interest in the US’s long-stalled Alaska LNG project.
Inpex says demand exceeds output for Abadi LNG project
Japan’s largest oil and gas developer Inpex says demand among potential buyers exceeds current output for its Indonesian Abadi LNG project.
Ukraine’s DTEK expected to sign LNG import deal by April
Ukraine’s biggest private energy firm DTEK is holding negotiations with a handful of suppliers over a two-year LNG import contract.
Russia’s Sakhalin LNG sees production dip by 2% in 2024
Russia’s Sakhalin Energy project experienced a 2% decline in LNG production in 2024.
Nigeria’s LNG exports plummet as pipeline sabotage cuts gas supplies
Nigeria LNG is struggling with an operational crisis as reduced gas supplies due to pipeline sabotage are plaguing the country’s LNG exports.
Indian gas company GAIL floats tender for nine LNG cargoes
Indian state-owned gas company GAIL has floated a tender seeking nine cargoes of liquefied natural gas (LNG) to be delivered over three years
Sinopec’s moves in Sri Lanka offer energy security, but raise questions
Sinopec is to invest $3.7bn in an oil refinery in southern Sri Lanka, raising concerns among some observers who fear that China’s Belt and Road Initiative (BRI) could ultimately lead to the facility one day being outright Chinese-owned.
China’s oil imports rebound on the back of tanker reshuffle
After falling to a two-year low last month, China’s imports of Russian and Iranian oil are set for a resurgence in March as a major reshuffling of tanker fleets is set to permit non-sanctioned vessels to resume shipments of discounted crude.
Oman’s Block 61 to feed fourth LNG train
Oman’s Block 61 is expected to significantly contribute to the development of a proposed fourth LNG train at Sur
Turkey’s Russian crude imports drop fourfold, following spike in Russian LNG imports
Turkey’s imports of Russian crude oil reportedly contracted 4fold in February following the January 10 US-led tightening of sanctions on Moscow’s energy exports that hit energy companies and more than 180 "shadow fleet" tankers.
Europe sees further climb in gas prices in February, amid record storage withdrawals
European gas prices rose by 5% in February, reaching an average of $542 per 1,000 cubic metres, driven by record-high storage withdrawals and reduced wind power generation.
Inpex says demand exceeds output for Abadi LNG project
Japan’s largest oil and gas developer Inpex says demand among potential buyers exceeds current output for its Indonesian Abadi LNG project.
Ukraine’s DTEK expected to sign LNG import deal by April
Ukraine’s biggest private energy firm DTEK is holding negotiations with a handful of suppliers over a two-year LNG import contract.
UAE’s ADNOC signs LNG supply deal with Osaka Gas
ADNOC has announced the signing of a deal to supply up to 0.8mn tpy of LNG to Japanese utility Osaka Gas.
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