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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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Golar to deploy floating LNG vessel to Argentina in 20-year deal
Maritime LNG infrastructure firm Golar LNG has reached an agreement with Argentina’s Pan American Energy for the 20-year deployment of a floating LNG vessel near its Vaca Muerte shale formation.
Indonesian government allocates IDR42.9 trillion in energy subsidies for H1 2024
In the first half of 2024, the Indonesian government disbursed IDR42.9 trillion in energy subsidies, covering fuel and 3-kg liquefied petroleum gas canisters
LNG Croatia launches €17mn tender for expansion
The Ministry of Energy and Mineral Resources urges oil and gas contractors to utilise or return idle working areas
The Ministry of Energy and Mineral Resources has called on Oil and Gas Cooperation Contract Contractors to either develop potential but idle oil and gas working areas or return them
Pertamina Internasional expands with new Middle East office in Dubai
PT Pertamina Internasional EP (PIEP), the international subsidiary of Pertamina’s Upstream Subholding, has expanded its operations by opening a new branch office in Dubai, United Arab Emirates
India’s regulatory board drafts new rules for LNG industry terminals
India’s Petroleum and Natural Gas Regulatory Board is reported to be considering the introduction of more regulatory controls over the country’s LNG terminals to make their operation more transparent and to better utilise existing infrastructure.
Renewed tensions as Philippines’ UN submission reignites Sabah dispute with Malaysia
A recent Philippine submission to the United Nations over seabed territory claims has sparked strong objections from Malaysia, rekindling a longstanding territorial dispute over Sabah in northern Borneo
PGN secures new domestic LNG supply from Tangguh refinery
PT PGN Tbk, as Pertamina's Gas Subholding, has secured an additional supply of liquefied natural gas from the domestic Tangguh LNG refinery in Teluk Bintuni, West Papua
Pertamina seeks $280mn non-cash state capital injection for gas and refueling assets
PT Pertamina has submitted a request for a non-cash state capital injection amounting to $280mn, consisting of state-owned assets
Colombia's Ecopetrol to import gas from Venezuela, mulls bringing in LNG
Ecopetrol, Colombia's state oil company, is set to import 2.8mn cubic metres per day of gas from Venezuela starting next year to bolster national hydrocarbon supply, addressing an anticipated 8% shortfall. The two countries are neighbours.
MOL of Japan takes full ownership of LNG Rose Shipping for $32mn
Mitsui OSK Lines (MOL) has announced its decision to acquire the full 50% stake owned by Itochu Corporation in LNG Rose Shipping. In doing so it will make the LNG carrier company a wholly owned subsidiary of MOL.
Baker Hughes signs 10-year deal to support Woodside’s Australian LNG operations
US oil services firm Baker Hughes has signed a 10-year services frame deal to provide support to Australian company Woodside Energy in its LNG operations.
Saudi Aramco agrees LNG supply deal with Sempra
Saudi Arabian oil major Saudi Aramco has signed a 20-year non-binding LNG supply agreement with US-based energy company Sempra.
Germany breaks ground on first land-based LNG terminal
Germany has kicked off the construction of its first land-based LNG terminal at Stade's inland port, with operations set to begin in 2027, according to the project company Hanseatic Energy Hub.
Dismissed Tellurian co-founder Souki seeks to buy back stake
Influential LNG pioneer Charif Souki, who co-founded and served as chairman of US LNG developer Tellurian until being pushed out in December, is seeking to buy back a stake in the company.
Biden’s LNG permit pause halted by US court
President Biden’s LNG permit approval pause for US LNG exports to non-Free Trade Agreement countries has been halted by a ruling made on July 1 by a federal judge.
Pakistan looks to renegotiate existing LNG deals with Qatar
The government of Pakistan plans to seek Qatar's permission to sell LNG cargoes on the spot market if domestic demand decreases, a senior official from the nation’s Ministry of Energy revealed on June 28
New Indian LNG terminal builds to see increased regulation
The Petroleum and Natural Gas Regulatory Board of India has issued a preliminary draft with the intention of limiting control over the county’s LNG terminals.
Europe boosts Russian pipe gas supplies by 27% in H1 2024
Europe increased Russian pipeline gas purchases by 27% year on year in the first six months of 2024.
Ecopetrol in negotiations to purchase LNG amidst production decline
Colombia's state energy company, Ecopetrol SA, is actively engaged in negotiations with suppliers of liquefied natural gas as the country's domestic gas production continues to decline.
Russia said to form LNG tanker shadow fleet
Facing mounting sanctions for its liquefied natural gas industry, Russia is believed to be building up a shadow fleet of tankers for LNG transportation.
Rise of LNG-fuelled trucks tempers China’s gasoil demand
Increasing sales of LNG-fuelled heavy-duty trucks as a substitution for diesel-powered trucks could mean China has reached or will soon reach peak demand for gasoil.
Cedar LNG takes positive FID
A positive final investment decision was announced by indigenous majority-owned Cedar LNG for its 3.3mn tonne per year floating LNG project located in British Columbia on the territory of the Haisla Nation.
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