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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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Mexican LNG terminal planned to tap Pacific rim markets
A new liquefied natural gas project is taking shape on Mexico's Pacific coast, aiming to capitalise on growing demand for cleaner marine fuels and power generation in the Americas.
NorthAmOil: Natural gas glut leads to production cuts
Natural gas glut leads to production cuts
An oversupply of natural gas in the US has been driving down prices, leading to further cutbacks in US drilling, despite the hottest summer in the contiguous US on record.
ExxonMobil pushes back FID for Mozambique’s Rovuma LNG project to 2026
Supermajor ExxonMobil is pushing back its final investment decision on the Rovuma LNG project in Mozambique until 2026.
Algerian energy giant Sonatrach eyes European expansion with Croatia as hub
Algeria's state-owned energy firm Sonatrach has expressed its intent to become a significant supplier of energy to Europe, with Croatia playing a role as a bridge to the continent
Kuwait opens talks with QatarEnergy for 15-year LNG supply deal
Kuwait has begun talks with QatarEnergy on a new 15-year LNG supply deal.
Petronas begins gas production at Sarawak's Kasawari Field
OceanMight delivers key infrastructure for Shell’s Sarawak gas fields
Malaysian contractor OceanMight has successfully dispatched three topsides and three jackets for Shell’s FaS gas fields project under the MLNG production sharing contract off the coast of Sarawak
Singapore’s PIL buys five LNG dual-fuel container ships from China
Singaporean shipping firm Pacific International Lines is purchasing five LNG dual-fuel container ships from China’s Hudong Zhongua Shipbuilding company.
Scarborough gas project gets all-clear after green group backs down
Australian producer Woodside now has the all-clear to push on with its $12.5bn offshore Scarborough gas project in Western Australia, after an environmental group agreed to dismiss its challenge at court.
Arrow moves ahead with second phase of Australia's Surat gas project
Shell and PetroChina’s joint venture Arrow Energy has decided to move ahead with the second phase of development of the Surat gas project in Queensland, Australia.
New Fortress Energy completes maintenance of Fast LNG 1 unit offshore Mexico, resumes LNG production
New Fortress Energy (NFE) has completed the scheduled maintenance of its 1.4mn tonnes per annum (mtpa) Fast LNG 1 unit offshore Altamira, Mexico.
New Zealand late to the party as possible LNG imports make headlines
In New Zealand, the relatively modest total of NZ$80mn ($49mn) could adequately retrofit an old refinery dock at Marsden Point, 140 km northwest of Auckland to receive LNG imports
Islamabad, Moscow in talks over future LNG trade
Russia has informed Pakistan that its LNG export terminals will be fully operational by 2026, helping to facilitate a potentially lucrative gas trade between the two nations
Indonesia’s Pertamina's Sukowati Field innovates to save IDR32bn and reduce emissions
Pertamina EP Sukowati Field, part of Pertamina's Upstream Subholding in Eastern Indonesia, has introduced an innovative solution to mitigate the risks of unplanned upstream oil and gas operational shutdowns caused by power plant shutdowns.
Pakistan's July power generation sees slight increase
Pakistan generated 14,880 GWh of electricity in July, up 0.3% y/y.
Japan’s MOL studying if biomethane can replace LNG to fuel vessels
Japanese shipping giant Mitsui O.S.K. Lines is among a handful of organizations participating in a study to determine if biomethane from animal manure can be used to fuel ships and factories.
YPF and Petronas target FID by end of 2025 for Argentine LNG project
Argentina’s state-run firm YPF and its joint partner Malaysia’s Petronas are targeting a final investment decision before the end of 2025 for the country’s flagship LNG export terminal.
Thailand renews call for joint oil and gas development with Cambodia
Thailand has reiterated its call for Cambodia to resume talks on jointly developing oil and gas resources in the disputed Overlapping Claims Area (OCA) in the Gulf of Thailand
India’s Swan to sell LNG terminal to Turkey’s Botas for $339mn
India’s Swan to sell LNG terminal to Turkey’s Botas for $339mn
New Fortress Energy faces market backlash
New Fortress Energy (NFE) faced a harsh market reaction on August 9 as its shares tumbled 25% on the New York-based Nasdaq. The plunge followed the company's revelation of a $80.75mn net loss in its second-quarter report.
LatAmOil: New Fortress Energy faces market backlash
Burford Capital advances efforts to secure $16bn court ruling against Argentina's YPF
Burford Capital announced that it is leveraging remarks made by a provincial governor in Argentina to strengthen its efforts to secure a $16bn U.S. court judgment against the Argentine government, which it claims controls national oil company YPF SA.
Southeast Asian national oil companies propel 4.8% growth in Asian oil and gas capex for 2024
BMI projects a substantial increase in capital expenditure (capex) for 15 key oil and gas (O&G) companies across Asia, predicting a rise to $136.40bn in 2024
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