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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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India’s Chhara LNG import terminal pushes back commissioning
Hindustan Petroleum, a unit of India’s state-run Oil and Natural Gas Corporation has reportedly suffered a setback in its commissioning of the Chhara LNG import terminal located in the northwestern state of Gujarat.
Thailand unveils measures to ease energy cost burden on consumers
Thailand's Prime Minister, Srettha Thavisin, announced a series of cabinet-approved measures aimed at mitigating the rising energy costs impacting Thai citizens.
Japan eyes Southeast Asian LNG potential
Japanese companies are ramping up their LNG business in Southeast Asia to help counter a decline in their domestic market, but also to aid in the region's shift towards LNG and the anticipated surge in demand this is expected to bring
Argentine provincial governments agree to expansion of Andean gas pipeline
On Friday, May 3, the Argentine National Energy Secretariat and the governments of the provinces of Neuquén, Río Negro, and Chubut signed a framework agreement for the expansion of the Andean gas pipeline.
What do EU methane rules mean for global gas suppliers?
There is particular complexity in how the rules will be applied for US LNG exports, as exporters often do not produce the gas that they supply globally, and lack the data on emissions upstream.
Shell profits beat forecasts in Q1 on strong LNG, oil trading performance
Profits at Shell came in better than expected in the first quarter, on the back of strong performance at its LNG and oil product businesses.
EU LNG imports down 8% in January-April: GIE
EU LNG imports were down 8% year on year in January to April at 40.8bn cubic metres, coinciding with a climb in Russian pipeline gas supplies.
Brazil must ramp up efforts to increase natgas supplies, says minister
Brazil’s Minister of Mines and Energy, Alexandre Silveira, has said the country’s national oil company Petrobras must ramp up efforts in augmenting natural gas supplies and reducing prices to aid the nation’s industrial resurgence.
French prosecutors probing TotalEnergies over 2021 Islamist attack near its Mozambican gas project
French prosecutors are investigating oil major TotalEnergies after survivors of a 2021 jihadist attack in northern Mozambique accused it of negligence and indirect manslaughter.
Petrobras delivers first gas production from Santos Basin FPSO
Brazil’s national oil company Petrobras has initiated gas production through the P-68 platform, servicing the Berbigão and Sururu fields in the Santos Basin offshore Brazil.
Cheniere’s profits dip due to poor commodity prices
Houston-based Cheniere Energy, the US’s biggest producer and exporter of LNG, reported a first-quarter fall in profits of 91% year on year, the company announced in its quarterly earnings report.
Egypt signs leasing agreement with Norway's Hoegh floating unit to secure LNG supply
Egypt's Natural Gas Holding Company (EGAS) has signed a leasing agreement with Norway's Hoegh LNG to rent the Hoegh Galleon floating storage and regasification unit for liquefied natural gas.
US LNG exports dip in April
The US’s LNG exports fell in April slipping to 6.19mn tonnes according to data from the London Stock Exchange Group.
ExxonMobil Guyana reveals dates of output halt due to Gas-to-Energy project
ExxonMobil has announced the timeframe for the temporary halt of production at two offshore oil projects in Guyana’s Stabroek Block as part of efforts to connect a natural gas pipeline for the landmark Gas-to-Energy project.
Petrobras crude Q1 output up 4.4% at 2.24mn bpd, exports fall
Brazil’s national oil company Petrobras’ first-quarter crude output rose by 4.4%, year on year, to 2.24mn barrels per day.
Argentine government offers to pay energy companies with $600mn bonds
Amid an ongoing dispute with energy companies, the Argentine government has put forward a proposal to settle transactions made in December 2023 and January 2024 with BOPREAL bonds valued at approximately $600mn.
How well thought-out is a US ban on LNG exports to China?
In a recent analysis it was speculated that a recent understated move by the US Department of Energy could signify a significant shift in American policy regarding trade, energy, and its relationship with China.
ExxonMobil chief expects Guyana to become one of world's most successful deepwater developments
ExxonMobil’s Chief Executive Officer Darren Woods has claimed that Guyana is emerging as one of the most successful deepwater projects in the history of the oil and gas sector.
Venture Global to begin LNG production at Plaquemines in summer
US LNG upstart Venture Global LNG is planning to begin production of the super-chilled fuel at its Plaquemines export facility in southern Louisiana by mid-year.
Qatar signs record deal with China State Shipbuilding for 18 LNG carriers
State-run QatarEnergy has signed a deal to purchase 18 LNG carriers from China State Shipbuilding Corporation at a price of $6bn, the company announced.
Egypt to cut LNG exports in May over anticipated summer power shortages
Egypt will temporarily halt its LNG exports beginning May in order to combat expected power shortages this summer, the North African country announced.
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