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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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MOL gets greenlight for wind-assisted LNG carrier
Japanese shipping giant Mitsui O.S.K. Lines was granted approval in principle from Nippon Kaiji Kyokai to commence design for a membrane LNG vessel, which will feature the installation of Wind Challenger, a wind-assisted power propulsion system.
US LNG exports shift from Europe to Asia in July
US LNG exports are increasingly being bought up by Asian purchasers at the expense of European buyers data for July deliveries revealed.
Uzbekistan launches probe into sharp LPG price hike
GLNG: Petronas and Argentina’s YPF to invest $30bn to construct LNG plant in Patagonia
Petronas and Argentina’s YPF to invest $30bn to construct LNG plant in Patagonia
Argentina’s state-owned energy firm YPF and Malaysia’s Petronas have agreed to jointly contribute more than $30bn to construct an LNG facility in Sierra Grande in the country’s southern Patagonia region.
Spacenet, Russia's Modern Fuel Technologies form LNG joint venture in India
India’s Spacenet Enterprises and Russia-based Modern Fuel Technologies have announced a joint venture to develop LNG stations across India, Spacenet announced on August 1.
Malaysia’s state Sarawak gains control over natural gas assets amid push for economic independence
Sarawak, Malaysia's largest state, is on the verge of reclaiming control over its natural gas resources from federal entities, marking a significant stride in its campaign for greater economic autonomy
Asian LNG imports climb as demand in Europe remains muted
Asia is poised to post its highest LNG import numbers since the start of the year in July as demand surges despite rising spot prices in the region.
Golden Pass LNG to pick new contractor as Zachry Holdings exits project
Golden Pass LNG is searching for a new construction contractor after Zachry Holdings exited the project.
Indonesia's upstream oil and gas projects to attract $3.5bn investment
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has announced plans for the development of 133 non-national strategic projects in Indonesia's upstream oil and gas sector by 2029
Carlos Slim's Grupo Carso expands investment in Mexico gas fields
Grupo Carso has significantly increased its investment in the Lakach gas field, bringing the total to $1.884bn, a 57% rise from the initial investment disclosed in July.
Scottish LNG project clears milestone
Freeport LNG resumes full operations
The US’s second-largest LNG export terminal Freeport LNG is back operating at full production.
European gas prices climb on Middle East tensions
European natural gas prices climbed at the start of this week, amid heightened Middle Eastern tensions following a rocket strike in the Golan Heights and reduced wind speeds that led to higher gas-for-power demand.
Uniper produces first bio-LNG at Dutch Gate terminal
German energy utility Uniper announced on July 30 it had become the first shipper to produce bio-LNG at the Gate terminals in Rotterdam.
Swiss energy trader MET secures $1.2bn borrowing facility
Switzerland-based energy trader MET Group has secured a €1.1bn ($1.2bn) borrowing facility for its sales and trading operations.
Cyprus works to limit damage in wake of LNG terminal fiasco
The government of Cyprus finds itself in the embarrassing position of having its long-delayed, long-anticipated LNG regasification terminal project at the southern port of Vassilikos investigated by the European Public Prosecutor’s Office.
Manila’s need for LNG is clear and present
As the Philippines accelerates its transition towards long sought after cleaner energy sources, a prominent LNG specialist has emphasised the critical role of liquefied natural gas in ensuring improved domestic energy security
Woodside's Scarborough project nears completion, costs up to $12.5bn
Woodside’s Scarborough and the second Pluto LNG train projects reached 67% completion by the end of the second quarter, the company has reported. The Perth-based LNG firm also disclosed a rise in the project's cost to $12.5bn.
Gasum halts Russian LNG purchases
Finland’s Gasum has stopped LNG purchases from Russia in response to EU sanctions imposed last month that prevent delivery of such cargoes to terminals not connected to the bloc’s gas network.
TotalEnergies seeks to get Papua LNG project back on track
Supermajor TotalEnergies is renewing its push to move the delayed Papua LNG project ahead.
Petros and Petronas urged to finalise oil and gas trading discussions in Sarawak
Sarawak Premier Tan Sri Abang Johari Tun Openg has called for the ongoing discussions between Petroleum Sarawak Bhd and Petroliam Nasional Bhd regarding the oversight of oil and gas trading in Sarawak to be concluded within the next three months
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