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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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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.
Mexico Pacific set to transform energy landscape with major LNG investment
Mexico Pacific is gearing up for a significant investment decision in 2025 regarding its Saguaro Energía LNG project on the Pacific Coast.
YPF creates subsidiary Argentina LNG
Argentine national oil company YPF has established Argentina LNG, a new subsidiary aimed at developing a liquefied natural gas plant in Río Negro to capitalise on the vast reserves of the Vaca Muerta's shale formation.
NorthAmOil: US elections could have impact on global LNG markets
US elections could have impact on global LNG markets
The US election is in its final few days, and Vice President Kamala Harris and ex-President Donand Trump have been in a razor-edge race. The vote, for the US president and much of Congress, is on November 5.
Argentina seeks to become net energy exporter buoyed by Vaca Muerta
Argentina is edging toward becoming a net energy exporter as the Vaca Muerta shale formation attracts rising investor interest. It is the world's fourth-largest shale oil deposit and the second-largest shale gas resource.
Sunda delays Chuditch-2 well off Timor-Leste
AIM-quoted upstream operator Sunda Energy, focused on gas assets in Southeast Asia, has postponed the start of drilling operations for the Chuditch-2 appraisal well off Timor-Leste to the second quarter of 2025.
AG&P buys take in Australian LNG import project developer
Singaporean firm AG&P LNG has reached an agreement to acquire Venice Energy, an Australian LNG import terminal developer operating the 2mn tonnes per year Outer Harbour LNG project in Adelaide, South Australia.
MidOcean Energy expands stake in South America's first LNG export terminal
MidOcean Energy, an LNG company managed by U.S.-based EIG, has increased its investment in Peru LNG, South America’s first liquefied natural gas (LNG) export terminal located in Pampa Melchorita, 170 kilometres south of Lima.
Panama Canal eyes LNG traffic recovery after 65% plunge as drought restrictions end
The Panama Canal Authority (ACP) is working to restore vessel traffic for US liquefied natural gas (LNG) shipments to Asia, following a 65% drop in its second-largest transit segment and as water levels improve after a months-long drought.
Thailand’s B.Grimm Power on the hunt for LNG
Thailand’s B.Grimm Power, one of the nation’s leading energy companies, is actively pursuing both short-term and long-term supply agreements for LNG supplies to support its expanding energy demands
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