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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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Venezuela to boost gasoline and gas production through its alliance with Iran
Venezuela plans to boost its gasoline and gas production through alliances with Iran, state-owned Petroleos de Venezuela (PDVSA) indicated on X.
CPC joins Qatar’s NFE project, agrees offtake deal
CPC Corp. has been awarded a minority shareholding in Qatar’s North Field East (NFE) expansion project and signed an LNG supply deal.
Indian regulator seeks to oversee expansion of country’s LNG terminals
India's Petroleum and Natural Gas Regulatory Board has proposed new regulations requiring companies to obtain approval before setting up or expanding liquefied natural gas terminals.
As India’s energy landscape changes due to heatwave gas generated power use soars
India is witnessing a significant shift in its energy landscape as extreme heat and new policy changes drive an uptick in gas generated power production.
South Korean president makes bold claims about potential offshore oil and gas reserves
South Korean President Yoon Seok-yeol announced on June 3 there could be as much as 14bn barrels in oil and gas resources off the country’s southeast coast, after approving an exploratory drilling plan proposed by the energy ministry.
Shell: LNG Canada could deliver first cargo early
Canada’s first LNG export terminal could be coming online earlier than expected, an executive at the Shell-led project revealed.
Aramco in talks with Tellurian and NextDecade as it seeks to expand US LNG footprint
State-run supermajor Saudi Aramco is holding negotiations with Tellurian and NextDecade as it looks to expand its LNG portfolio in the US.
Indonesia targets 1.6mn BOEPD oil and gas production by 2025
Indonesia's Energy and Mineral Resources Ministry has set an ambitious target for oil and gas production, aiming for around 1.6mn barrels of oil equivalents per day by 2025
Japan’s Tokyo Gas eyes a slice of Philippine LNG sector
San Francisco-based law firm Morrison Foerster has successfully represented Tokyo Gas Co., Ltd in securing definitive agreements for the acquisition of a 20% stake in an LNG import and regasification terminal project located in the Philippines
Chevron’s Australian Gorgon LNG plant suffers another outage
Chevron’s Gorgon LNG plant on Australia’s Barrow Island suffered another halt to production on June 3.
TotalEnergies strikes LNG deals with Indian, South Korean buyers
TotalEnergies has expanded its LNG business in Asia, entering into fresh supply deals with Indian Oil Corp and Korea South-East Power.
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.
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