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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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Australia’s Beetaloo gas project could prove uncompetitive, says IEEFA
The planned Beetaloo Basin and related Northern Territory LNG project could turn out to be a colossal sinkhole for investors and taxpayers due to high costs, financial risks, and uncertain returns.
Credit Agricole backs out of financing LNG projects in Mozambique and Papua New Guinea
The bank was the original financial adviser for Eni and ExxonMobil’s Rovuma LNG facility in Mozambique and Total Energies, Santos and ExxonMobil’s Papua LNG project in Papua New Guinea.
QatarEnergy signs deals with Nakilat for 25 LNG vessels
QatarEnergy has signed agreements with Qatar Gas Transport Co. (Nakilat) for the operation of 25 LNG vessels, marking a pivotal moment in QatarEnergy’s ambitious LNG fleet expansion programme.
New Fortress Energy finalises LNG-to-power deal in Brazil
US-based liquefied natural gas company New Fortress Energy has concluded its acquisition of a 1.6-GW capacity reserve contract from Ceiba Energy, strengthening its position as an LNG-to-power company in Brazil.
Private sector losing ground in Mexican LPG market
The private sector is facing challenges in the liquefied petroleum gases market as the national oil company Pemex gains ground on increased domestic output, declining rates of theft, and energy policies favouring the company.
Mexico’s energy policies could shift under new president, says Harbour Energy
Following the June 2 presidential election in Mexico, there is potential for the country to revise its energy policies to stimulate increased oil and gas production, according to Gustavo Baquero, Executive Vice President of Harbour Energy.
China surpasses Japan in LNG imports in January-February
China imported more LNG than Asia’s other top market for the fuel, Japan, in the first two months of 2024, in a reversal of the situation in the same period last year.
Fertilisers drive LNG demand in India
The fertiliser sector is set to continue driving Indian LNG and general gas demand, but there may be scope for a significant growth in consumption in power generation in the next decade as well.
American gas prices are amongst world’s lowest despite record LNG exports, says API
Americans have among the lowest residential natural gas prices globally even as the US leads the world in LNG exports. This is according to a new analysis by the American Petroleum Institute (API), conducted by Energy Ventures Analysis.
Petronas begins construction of Argentinian floating LNG terminal
Malaysia’s state-run energy company Petronas has commenced construction work on a floating LNG unit that will be stationed off the east coast of Argentina.
Venture Global orders nine LNG transport vessels to deliver own cargoes
Venture Global LNG is purchasing nine LNG transport vessels to be built in South Korea and delivered later in 2024 the company revealed.
US Energy Secretary vows LNG pause will end within one year
US Secretary of Energy Jennifer Granholm has pledged that the country’s LNG exports approval pause will be finished well within a year.
Tellurian CEO steps down as it begins exploring potential sale
Embattled Houston-based LNG developer Tellurian revealed on March 18 that the company’s CEO Octavio Simoes has left his position as the company races to keep its Driftwood LNG export plant afloat.
Sempra hosts groundbreaking ceremony for Port Arthur LNG project
US energy firm Sempra held a groundbreaking ceremony to mark one year since construction began on Phase 1 of the Port Arthur LNG project located in Jefferson County, Texas.
Gunvor signs 20-year offtake deal with Texas LNG
Energy commodity trader Gunvor Group has inked a heads of agreement with Texas LNG that will see the Swiss company offtake 0.5mn tonnes per year of LNG for a 20-year period beginning in 2028.
Bulgaria launches tender for vertical gas corridor capacity expansions
Bulgaria’s state-owned gas transmission system operator Bulgartrnagas announced on March 20 it would be launching a tender for expanding infrastructure.
Methane emissions from the energy sector increased in 2023
The International Energy Agency estimates that in 2023, nearly 120mn tonnes of methane emissions stemmed from the production and utilisation of fossil fuels, slightly higher than in 2022.
Taiwan continues LNG expansion as government displays sensitivity on gas reserve questions
Russian LNG numbers to China almost 20% up in the first two months of 2024
Russian LNG deliveries to China surged by 18% during January and February, reaching 1.2mn tonnes
Tecpetrol claims Argentina on track to inaugurate first LNG project in four years
Argentina's prospects for inaugurating its first liquefied natural gas project in four years hinge on the successful passage of economic and energy reforms proposed by President Javier Milei, according to Tecpetrol's CEO, Ricardo Markous.
BGFCL in Bangladesh initiates well revitalisation project, seeks to boost gas production
The Bangladesh Gas Fields Company Limited has initiated a workover project in Brahmanbaria to revive gas production from well number 14 of the Titas Gas Field.
PTTEP ramps up gas production in Erawan field to bolster Thailand's energy security
PTT Exploration and Production Public Company Limited announced a significant increase in natural gas production from the Erawan field, a key component of the G1/61 project in the Gulf of Thailand.
Maharashtra State Road Transport Corporation unveils India's first LNG-powered bus
The Maharashtra State Road Transport Corporation has achieved a historic milestone by introducing India's inaugural bus fuelled by Liquefied Natural Gas.
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