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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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Peru LNG reports export volumes down in January
Peru LNG saw export volumes sink by more than 2% month on month in January 2024.
Russia extends permit for Yamal LNG to supply Germany’s SEFE until 2040
Russia has extended a permit allowing its Yamal LNG export terminal to continue supplying LNG to German state-run gas trader Securing Energy for Europe (SEFE) until the end of 2040, a government document published on February 9 revealed.
Indonesian government promotes domestic natural gas utilisation to reduce subsidy and import
The Indonesian government is continuously promoting the utilisation of natural gas through various programs, such as the City Gas Network and Compressed Natural Gas
Indonesian PLN EPI initiates collaboration for midstream LNG infrastructure development
PLN Energi Primer Indonesia is embarking on a venture to establish a joint venture entity dedicated to constructing and managing midstream LNG infrastructure
ExxonMobil assures that Liza field downtime will not affect production goals
ExxonMobil announced that the Liza field in the Stabroek Block offshore Guyana will be taken offline temporarily later this year as the company hooks up the pipeline for Guyana’s landmark Gas-to-Energy project.
MidOcean Energy reaches deal to acquire 20% stake in Peru LNG
MidOcean Energy, an LNG company created and managed by US investment firm EIG, has purchased a 20% stake in Peru LNG, the company revealed on February 12.
Nakilat to own and operate LNG vessels for QatarEnergy
QatarEnergy has announced its selection of Nakilat to own and operate up to 25 conventional-size LNG carriers under Time Charter Parties to be established by affiliates of both entities.
TotalEnergies hopeful of construction restart of Mozambique LNG by summer
French oil supermajor TotalEnergies has revealed it is hopeful that its megaproject Mozambique LNG will be restarted by mid-2024.
Pertamina subholding gas PGN executes international LNG trade with China
Subholding Gas Pertamina PT PGN Tbk has conducted international LNG trading business with China
Russian gas major Novatek to pay $2.6bn in dividends for 2023
The board of Russia’s second-largest gas producer Novatek recommended the shareholders to pay the final total dividend of RUB134bn ($1.4bn) for 2023, in addition to the RUB105bn ($1.1bn) interim dividend for 1H23,
Rio de Janeiro aims for free natural gas market amid growing demand
The state of Rio de Janeiro in Brazil is actively seeking to develop its free natural gas market, responding to increasing demand in the coming decade and challenges in Brazil's gas agenda
Thailand Department of Mineral Fuels to open auction for onshore petroleum fields
The Department of Mineral Fuels of the Ministry of Energy is gearing up to open an auction for onshore petroleum fields later this year
ExxonMobil to write off Kaieteur expenses following withdrawal
Petrobras mulls projects with Gulf, Indian, Chinese, and Venezuelan firms
Brazil’s state-owned energy major Petrobras is engaged in discussions with national oil companies from China, India, and the Middle East
Sanctions halt Russia’s Arctic LNG 2 shipments by blocking delivery of LNG tankers
Russian gas producer Novatek’s Arctic LNG 2 project has been forced to push back its first cargo delivery until March at the earliest due to US sanctions blocking the delivery of LNG vessels.
Pertamina Ventures into Malaysia's gas-rich Block SK510 in collaboration with Petronas
Indonesia's state-run oil and gas enterprise, Pertamina has revealed its participation in a significant exploration endeavour in Malaysia
Croatia to invest €400mn in gas pipelines construction
Tellurian may sell Haynesville assets to finance Driftwood LNG
Tellurian has asked its financial advisor, Lazard, to explore opportunities for the sale of the company's upstream business in the Haynesville shale in Louisiana and Texas.
QatarEnergy signs 20-year LNG supply deal with India’s Petronet
QatarEnergy has inked a long-term LNG sale and purchase agreement with India’s Petronet, the companies announced on February 6.
Japan’s January LNG imports drop to 15-year low, record-breaking days likely over
Japan's LNG imports in January hit a 15-year low as the country's nuclear reactors restarted, gas inventories remained high and renewable energy generation increased.
Pertamina Hulu Energi boosts oil and gas exploration efforts to unearth new reserves in Indonesia
Pertamina Hulu Energi is ramping up its commitment to substantially enhance oil and gas exploration activities this year with a focus on uncovering new potential resources.
Liza field offshore Guyana to go offline later this year
ExxonMobil chief financial officer Kathy Mikells has confirmed that the Liza field in the Stabroek Block offshore Guyana is expected to experience some downtime later this year to allow for the implementation of the landmark Gas-to-Energy project.
Sri Lanka in active talks with India’s Petronet on LNG supply
The government of Sri Lanka has reportedly engaged in discussions with India’s Petronet LNG to supply liquefied natural gas to dual-fuel combined-cycle power plants on the island.
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