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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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VTTI buys 50% stake in UK’s Dragon LNG terminal
Dutch energy infrastructure firm VTTI has acquired a 50% stake in the UK’s Dragon LNG terminal.
GLNG: UK plans new LNG import terminal in Scotland
UK plans new LNG import terminal in Scotland
The UK could soon be getting another LNG import terminal, with plans in the works for a proposed facility in Grangemouth, Scotland.
Second LNG vessel docks at sanctioned Arctic LNG 2 terminal
Russia’s efforts to create a shadow fleet of LNG tankers appear to be gaining momentum after a second LNG vessel was spotted docked at the sanctioned Arctic LNG 2 facility on the Gydan Peninsula in northern Siberia.
Petronas explores new floating LNG project in Suriname following drilling success
Petronas, Malaysia's leading energy company, is considering the development of a new standalone floating liquefied natural gas project off the coast of Suriname, following a recent drilling achievement in Block 52.
New Fortress Energy's Fast LNG asset offshore Mexico prepares for first cargo delivery
ING: LNG flows to Europe remain under pressure
European and Asian gas prices have remained well supported over the last month. Stronger Asian demand, supply disruptions and geopolitical risks in the Middle East have all provided support. However, US gas prices have come under renewed pressure.
US Court of Appeals vacates permits for two LNG projects
A US Appeals Court vacated federal regulatory permits for Next Decade’s Rio Grande LNG project and Glenfarne’s Texas LNG plant
Multiple South Korean LNG projects face the axe on back of lack of economic benefits
In the same month that even mainstream media outlets are highlighting the increased shipments of US-origin LNG to Asia in recent weeks, to China and South Korea in particular. A number of LNG projects in peninsula Korea are facing closure.
Argentina's Vaca Muerta to double LNG output through new plant
Argentine Minister of Energy and Natural Resources, Gustavo Medele, welcomed the announcement by national oil company YPF and Malaysia’s Petronas to build an LNG plant in Punta Colorada, Río Negro.
ADNOC signs offtake deal for Ruwais LNG with Osaka Gas
ADNOC has signed an LNG offtake deal with Osaka Gas for 0.8mn tonnes per year
Malaysia’s Sarawak state looks to take over Petronas gas assets on Borneo
Malaysia’s largest state, Sarawak, which is located on the island of Borneo, now finds that it can move ahead with plans to exercise autonomy due to the political conditions in the country.
Indonesia’s PT Pertamina International achieves higher oil and gas production in first half of 2024
PT Pertamina International Exploration and Production reported oil and gas production of 227,000 barrels of oil equivalent per day in the first half of 2024.
Cheniere signs 20-year LNG supply deal with Galp
US LNG producer Cheniere Energy has agreed to a 20-year LNG supply deal with Portugal’s Galp Energia.
Venture Global sues contractor Kiewit alleging disclosure of confidential documents
US LNG upstart Venture Global LNG is taking legal action against Kiewit, a construction contractor, alleging the company shared confidential information with Shell.
QatarEnergy reportedly nearing multibillion-dollar vessel deal
Media in South Korea reported this week that QatarEnergy negotiating with local shipbuilders for up to 20 new LNG vessels to support a massive expansion.
EU launches probe into Cypriot LNG project
The EU has launched a probe into corruption surrounding Cyprus’ trouble-stricken LNG import project, as it seeks to reclaim a grant issued to the island’s government to support the investment.
Sakhalin-2 restarts LNG production after maintenance shutdown
The Sakhalin-2 LNG operator has successfully resumed production after a scheduled maintenance shutdown, Sakhalin Energy said on August 5.
Indonesia intensifies oil and gas exploration in eastern regions
The Indonesian government is ramping up oil and gas exploration in the eastern regions of the country. The focus is on five key areas: Buton, Timor, Seram, Aru, and Warim
ExxonMobil and QatarEnergy delay Golden Pass LNG following contractor’s bankruptcy
Joint partners ExxonMobil and QatarEnergy are pushing back the start-up of the Golden Pass LNG facility until late 2025.
LNG price cap in Vietnam could harm gas-fired power targets
Vietnam's ambition to have LNG account for 15% of its power capacity by 2030 faces significant challenges.
Novatek downsizes Murmansk LNG project
Russia’s Novatek has reportedly downsized the capacity of its planned liquefaction terminal in Murmansk amid sanctions pressure, after already scaling back the size of its Arctic LNG-2 project.
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