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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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Vietnam moves forward with $12bn Block B gas-to-power project
Vietnam's energy security received a boost with the signing of commercial agreements for the Block B-O Mon gas-to-power project chain
Proposed EU sanctions on Russian LNG unlikely to affect Asian buyers
Europe’s proposed new sanctions package aimed at combatting transshipments of Russian LNG is not expected to impact Asian purchasers, European Commissioner for Energy Kadri Simson told reporters in Tokyo June 3.
Coastal GasLink seeking to borrow $2.9bn in Canada’s biggest corporate bond deal
KKR-backed Coastal GasLink is preparing to borrow in what will be Canada's biggest ever corporate bond deal.
Jera to offload 15% in Freeport LNG as Scarborough again comes to the fore
Japan's largest LNG importer, Jera, has decided to divest part of its stake in the operator of the 15mn tonne per year Freeport LNG export project in Texas to Japanese upstream developer Japex
Reabold assures investors of commitment to value
London-listed junior Reabold Resources PLC assured investors on May 31 of its commitment to maximising the potential and value of its portfolio for shareholders.
Arctic LNG-2 could get first Russian-built LNG carrier this year
Russia’s top LNG exporter Novatek could receive at least one domestically produced Arc7 ice-breaking LNG carrier this year, helping ease its constraints with shipping capacity because of sanctions.
GEM report warns of fossil fuel dependency from gas expansion in Southeast Asia
A new report from the Global Energy Monitor reveals that the expansion of gas-fired power plants and liquefied natural gas facilities in Southeast Asia, including Indonesia, will maintain the region's reliance on volatile fossil fuels
Southeast European countries look to Algeria to diversify energy supplies
Both Slovenia and Croatia are tapping Algeria for gas imports as the country becomes an important supplier to southern Europe.
Aethon Energy to purchase Tellurian’s upstream assets for $260 million
Aethon Energy Management, a Dallas-headquartered private investment firm, will purchase Tellurian’s integrated upstream assets at a cost of $260mn.
ENI to invest $14.8bn in Indonesia’s deepwater development project
Italian oil and gas giant ENI is set to inject a substantial $14.8bn into the Indonesia Deepwater Development project, according to the Upstream Oil and Gas Regulatory Task Forces
Argentina gradually overcoming natural gas deficit
Argentina’s natural gas supply began stabilising after Petrobras started unloading gas from a ship that was previously blocked by the Argentine government.
Bangladesh’s LNG supply drops as floating terminal suffers damage
Gas supply across Bangladesh has plummeted following the damage inflicted on one of its two Floating Storage and Regasification Units (FSRU) during Cyclone Remal
Progress in the reorganisation of PDVSA Gas Colombia
The Superintendency of Companies announced on May 28 that the reorganisation process of PDVSA Gas Colombia is advancing.
Argentina faces mass natural gas shortage as coldest winter since 1980 approaches
Argentina is urgently seeking fuel supplies as winter intensifies in the southern hemisphere, with lower-than-expected temperatures driving up demand for home heating.
Argentina unblocks Petrobras gas shipment amid supply crunch
Argentina's government announced the decision to unblock a Petrobras gas shipment amid a local supply shortage ahead of the winter months.
Thailand’s gas demand expected to increase by almost 6% during the next decade.
Reports indicate that gas and LNG will be increasingly vital in meeting Southeast Asia's energy needs, particularly in Thailand, as the region transitions to cleaner and more sustainable energy sources.
ADNOC to expand fleet with six new LNG carriers
Argentina's gas supply system in emergency shutdown amid frigid weather
Following a week of frigid temperatures, Argentina's gas supply system, already stretched to its limits, started a state of emergency, resulting in a complete halt of supply to over 300 industries and numerous CNG service stations across the nation.
BP, Shell and EOG bid in Trinidad and Tobago’s oil and gas auction
BP, Shell and US shale producer EOG Resources submitted six bids on four blocks to explore for oil and gas in Trinidad and Tobago’s shallow-water auction. The three companies already operate in Trinidad.
BP and EOG Resources in talks to develop Trinidad gas field
BP and U.S. shale producer EOG Resources are in advanced discussions to jointly develop a significant natural gas field off the coast of Trinidad and Tobago, BP announced.
Vitol and South Korea’s KOMIPO extend LNG supply deal until 2028
Swiss-based commodities trader Vitol has agreed with Korea Middle Power to extend its LNG sales and purchase agreement until 2028.
Glenfarne asks FERC for 5-year extension to build Texas LNG plant
New York-headquartered Glenfarne Group has requested regulators for a five-year extension for the construction of its proposed Texas LNG export terminal.
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