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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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Cartagena summit spotlights natural gas in Colombia's energy transition
The Colombian city of Cartagena witnessed the gathering of industry leaders, national and international experts, and government officials during the Arpel-Naturgás Week 2024 to deliberate on the future trajectory of natural gas in the energy mix.
LNG imports improving EU energy security as Russian gas supplies fall to 8% of gas imports
Liquefied natural gas helps make Europe’s gas supply more secure as it doesn’t rely on existing pipeline infrastructure, allowing EU countries to diversify the sources of their imports, the European Commission (EC) said in a recent report.
TotalEnergies' plan to restart building of Mozambique gas project violates planned EU law
French energy supermajor TotalEnergies' intention to resume constructing a natural gas processing plant in northern Mozambique could violate an upcoming European Union law.
Novatek sees slight rise in gas supply in Q1
Russia’s Novatek boosted its gas production by 1.2% year on year to 21.12bn cubic metres in the first quarter.
EU Parliament backs rules to allow member states to block Russian LNG
The European Parliament voted in favour last week of rules thaat would enable governments of EU member states to block Russian LNG imports by preventing Russian companies from booking capacity at gas infrastructure.
Role of gas in South Africa’s future energy landscape
KOGAS teams up with Hyundai on latest LNG pump tech
Korea Gas Corp. (KOGAS) revealed an important partnership with Hyundai Heavy Industries Turbomachinery earlier in the month aimed at advancing the manufacture of a vital component crucial for natural gas extraction infrastructure.
BP looks set to sell three ageing Trinidad fields to Perenco
Supermajor BP is closing in on a deal to sell some of its Trinidad and Tobago oil and gas assets to Perenco, three people familiar with the talks have said.
Australia's future gas strategy needs to recognise value of LNG, industry says
Australian oil and gas producers have urged the government’s future gas strategy to stress the importance of LNG exports.
Australian gas firms need new strategy for declining market: IEEFA
A report recently released by the Institute for Energy Economics and Financial Analysis (IEEFA) warns Australian gas companies that a declining market will make it necessary for them to devise a new strategy in order to stay in business.
GLNG: PetroChina to expand LNG fleet fourfold
PetroChina to expand LNG fleet fourfold
State-owned China National Petroleum Corp. (CNPC) revealed ambitious plans to significantly ramp up its fleet of LNG vessels to position itself to take a larger slice of the pie in the global LNG resale market.
Germany’s Mukran LNG import terminal receives operating permit
Germany’s LNG import terminal at Mukran port on Ruegen Island in the Baltic Sea has been granted its final operating permit, the terminal’s operator, private firm Deutsche ReGas revealed.
Jamie Dimon calls US LNG pause "enormously naive"
Jamie Dimon, the chief executive of leading US investment bank JPMorgan Chase, harshly criticised President Biden’s LNG pause in his annual letter to shareholders.
Cedar LNG moves ahead with notice to proceed issued to EPC contractors
Pembina Pipeline and its partner the Haisla Nation have issued a notice to proceed to engineering, procurement, and construction contractors Black & Veatch and Samsung Heavy Industries for its Cedar LNG project the partners revealed.
Italy’s Piombino terminal receives first cargo from Eni’s Tango project
Italian gas grid operator Snam’s Piombino floating storage and regasification unit has received the first LNG cargo shipped from Eni’s Tango floating LNG terminal off the waters of the Republic of Congo.
TotalEnergies, Sonatrach expand partnership in Algeria
Angola and Brazil forge deeper ties in oil and gas collaboration
Angola and Brazil are poised to strengthen their collaboration within the oil and gas sectors, driven by their sustained growth trajectories and a shared vision for mutual development.
Lack of ice-breaking vessels puts damper on Russia’s Arctic oil and gas ambitions
Oil and gas projects in the Russian Arctic will need around 200 ice-class tankers to ship their production to markets by 2035.
Russian government, Novatek to provide $263mn in funding for domestic LNG equipment
The Russian government and the country’s biggest LNG exporter Novatek plan to provide $262mn in funding for the development of LNG industry equipment.
Vietnam unveils ambitious power plan: LNG, renewables & grid expansion
Vietnam has laid out a comprehensive roadmap for its power sector with Decision No. 262/QD-TTg. The plan prioritises a mix of imported liquefied natural gas, domestic gas, and renewable energy sources to achieve a total capacity of 56.3 GW by 2030
Shell seeks long-term US licence for Venezuela's Dragon Gas project
Shell is pursuing a long-term licence from the US before committing to the $1bn Dragon natural gas project in Venezuela near the maritime border with Trinidad and Tobago.
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