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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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Iranian president locks in gas pipeline deal with Russia
Iranian President Masoud Pezeshkian on September 30 hailed a recent gas supply deal with Russia while slamming Israel for as he met Russian Prime Minister Mikhail Mishustin in Tehran.
Algerian LNG exports to Europe increase despite Medgaz maintenance
Rising LNG prices spotlight urgent need for indigenous gas in Philippines
As imported liquefied natural gas (LNG) prices escalate towards $16 per million British thermal units (MMBTu), concerns are mounting over the impact on electricity costs across the Philippines.
SNPC to officially present Congo’s Gas Master Plan at AEW2024
Eskom-Sasol deal on LNG is not "national strategy" to avert South Africa gas shortage, says IGUA-SA
Shell beats BP and EOG to Trinidad and Tobago shallow-water block
Trinidad and Tobago selected Shell as the preferred bidder for a key shallow-water block, outcompeting BP and EOG Resources, according to three sources familiar with the matter.
Glencore signs 20-year supply deals with Commonwealth and Kimmeridge
Swiss commodities giant Glencore has inked a non-binding agreement to purchase 2mn tonnes per year of LNG from US firm Commonwealth LNG in addition to an equal volume of natural gas from Kimmeridge Texas Gas.
Contractor Kiewit settles lawsuit with Venture Global over disclosures to Shell
US construction contractor Kiewit has settled a lawsuit with upstart US LNG developer Venture Global.
Camisea completes LNG corridor to boost cargo transport efficiency in southern Peru
The Camisea Consortium has completed its LNG Corridor with the inauguration of a third service station in La Joya, Arequipa.
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.
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