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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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Shell, BP, Edison request US and EU intervention in dispute with Venture Global
The long-running dispute between Venture Global and its European customers BP, Edison and Shell has seen another escalation with the three European companies requesting intervention from the US-EU Task Force on Energy Security.
Italy’s Snam reveals plans to invest €1bn in LNG terminal near Ravenna
Italian gas grid operator Snam has announced it will pour €1bn into the construction of a new offshore LNG terminal located near Ravenna off the country’s north-eastern coast.
Georgia's LNG imports from Russia up 43.1%
In the first ten months of 2023, Georgia saw a significant 43% increase in liquefied natural gas imports from Russia, totalling 47,800 tonnes, according to the Union of Oil Products Importers of Georgia.
LNG moves across Southeast Asia forecast to peak by 2040
A study by the Asia Research & Engagement group has predicted that Southeast Asia’s LNG investments are expected to reach their peak by 2040
Turkish power generator Karpowership to start supplying South Africa electricity in 2024
Turkey’s power generator Karpowership, which has the world's largest fleet of floating power stations, expects to start producing 450 MW of electricity in South Africa in 2024.
North Macedonia to start project activities by end-year to join TAP
EU lawmaker seek ban on Russian LNG imports
EU lawmakers are pushing for the bloc to impose a ban on Russian LNG and LPG supplies as they debate the next package of sanctions against the country.
Murphy targets 2026 for first Southeast Asia offshore oil production
Houston-based US petroleum firm Murphy Oil has received the green light from the Vietnamese government to move forward with its ambitious field development plan at the Lac Da Vang oilfield
Japan vows energy supplies will not be affected by sanctions on Arctic LNG 2
Japan has declared that its energy supplies will remain unaffected by US sanctions announced on November 2 against the Arctic LNG 2 project in Russia’s northern Gydan Peninsula.
New Fortress Energy’s Santa Catarina, Brazil LNG export terminal obtains FSRU charter
New Fortress Energy has finalised a definitive agreement to charter the floating storage and regasification unit (FSRU) Energos Winter from Petrobras, scheduled to commence in December 2023.
New Fortress Energy Charters FSRU to start operations at Brazilian LNG terminal early
LNG developer New Fortress Energy will charter in December Petrobras’ floating storage and regasification unit Energos Winter for its LNG Terminal Gas Sul in Santa Catarina, Brazil.
Last minute injunction stops Santos' Barossa gas field plan
Australia’s oil and gas producer Santos has been delayed in the start of laying an underwater pipeline that is part of its $3.6bn offshore Barossa gas project in the Timor Sea north of Australia.
Peru LNG’s exports down by nearly a third in October
Peru LNG saw export volumes decline by nearly 32% month on month in October 2023.
Turkey’s floating LNG regasification fleet joint third in ranking of world’s largest
Cheniere and Foran Energy finalise 20-year LNG supply deal
Cheniere, the prominent US LNG exporter, has recently inked a substantial 20-year LNG supply deal with China's Foran Energy.
Russia only one of three countries to meet global LNG demand: Mikhelson
The global market for LNG will continue to grow, and only three countries have sufficient resources to satisfy it, Novatek CEO Leonid Mikhelson said at a speech at the Verona Eurasian Economic Forum in Samarkand on November 3.
Russia seizes more German Linde assets
The Arbitration Court of St Petersburg and Leningrad ordered a seizure of 13 ISO containers for liquid helium owned by Germany's Linde in favour of RusKhimAlyans, a subsidiary of gas giant Gazprom, Reuters reports citing court materials.
Cyprus waits for Chevron reply before further Aphrodite talks
Cyprus is waiting for a reply from US oil giant Chevron before it makes any further comment on the status of negotiations between the two on the Aphrodite gas field or what may become of the gas field in the future.
Sinopec joins Qatar’s NFS, signs LNG supply deal
Sinopec was this week made a partner in QatarEnergy’s North Field South (NFS) expansion project, with the deal providing the basis for a 27-year deal to supply LNG to China.
New Fortress Energy mulls onshore LNG export terminal in Mexico
The announcement follows a letter dated October 30 sent to New Fortress by the US Department of Energy (DOE), which notified the company that their existing gas-export permit did not encompass the operation of an onshore facility.
Russia targets 30% of global LNG market share by 2035
Russia is targeting a 30% share of the global LNG market by 2035, Deputy Energy Minister Pavel Sorokin announced on October 31, citing draft plans for the country’s new national energy strategy.
Kosmos Energy takes control of Senegal’s Yakaar-Teranga gas project
Kosmos Energy, an American upstream oil company, has increased its working interest in the Yakaar-Teranga gas discoveries offshore Senegal to 90%, and has assumed operatorship.
New Fortress Energy may need to reapply for Mexico LNG project permit, says US
The US Department of Energy has issued a warning to New Fortress Energy, stating that if any component of its Altamira floating LNG project is situated on Mexican soil, the company will have to resubmit its its application for an export permit.
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