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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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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.
Russian LNG exports down 6% in July
Russian LNG exports were down 5.8% year on year at 1.97mn tonnes in July, mainly as a result of scheduled repairs at Gazprom’s Sakhalin-2 and Portovaya projects.
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
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.
GLNG: Petronas and Argentina’s YPF to invest $30bn to construct LNG plant in Patagonia
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.
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