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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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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
Oman announces plans for new LNG train
Oman’s Minister of Energy and Minerals announced this week that the country will add a fourth train at its key LNG export facility at Qalhat Industrial Complex south of Muscat.
Malaysian company DNeX secures new production sharing contract with Petronas
Dagang NeXchange Bhd has announced a new production sharing contract through its subsidiary Ping Petroleum Sdn Bhd with Petroliam Nasional Bhd.
Russian gas major Novatek doubles profit to $4bn in 1H24
Russian natural gas major Novatek increased its IFRS revenues by 17% year on year to RUB752bn, with EBITDA up by 16% y/y to RUB481bn, and net profit up 2.2-fold y/y to RUB342bn ($4bn).
Platform leaves Murmansk for Arctic LNG-2's second train
The gravity-based platform (GBP) for the second train of Novatek’s Arctic LNG-2 terminal left its construction site in Murmansk in the early hours of July 25, on route to the Gydan Peninsula where it will be installed.
RIGI: Argentina’s high-stakes bet on LNG investment
Argentina's Large Investment Incentive Regime (RIGI) has emerged as a bold, if controversial, strategy aimed at securing substantial foreign investment in its energy and mining sectors.
Indalo Group targets Argentina’s YPF assets as Pilgrim Energy prepares for oil sector reentry
Businessmen Cristóbal López and Fabián de Sousa, owners of Indalo Group, are looking to re-enter the oil sector by pursuing conventional assets from YPF’s "Project Andes."
Venezuela grants BP, Trinidad's NGC 20-year offshore gas licence
Venezuela has granted a 20-year licence to British energy giant BP and Trinidad and Tobago's state-owned National Gas Co. to develop the Venezuelan portion of the Cocuina-Manakin offshore gas field.
Venezuela inks 20-year gas deal with BP and Trinidad amid push for energy exports
Venezuela has signed a 20-year agreement with BP Plc and Trinidad and Tobago's National Gas Company for natural gas production and exploration, Venezuelan Oil Minister Pedro Tellechea announced on July 24.
Trinidad and Tobago LNG plant exports 4,800th cargo
Trinidad and Tobago's Atlantic LNG export plant is set to mark a notable milestone with the shipment of its 4800th liquefied natural gas cargo since its inception in 1999.
Landmark achievement at Mexico's fast LNG project
New Fortress Energy (NFE), a US energy infrastructure firm, has commenced LNG production at its innovative floating LNG (FLNG) facility near Altamira, Mexico.
New Fortress Energy announces first LNG production offshore Mexico
US LNG producer New Fortress Energy achieved successful first production of LNG at its Fast LNG asset offshore Altamira, northeastern Mexico.
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