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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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In Pakistan, Ogra seeks to raise gas prices again to meet IMF condition
To meet the IMF's deadline by mid-February, the Oil and Gas Regulatory Authority has granted substantial concessions to gas utilities - Sui Northern Gas Pipelines Ltd and Sui Southern Gas Company Ltd
US reports lower LNG exports in January amid cold weather and outages
US LNG exports fell in January to 8.3mn tonnes, slipping from a record output of 8.7mn in December, according to ship tracking data from the London Stock Exchange.
Republicans attempt to overturn Biden’s halt on LNG export approvals
US House Republicans are seeking to reverse the Biden administration’s pause on US LNG export approvals with legislation introduced on February 1 that calls for LNG export reviews to be removed from the Department of Energy’s authority.
Conrad Asia Energy delays final investment decision for Mako Gas Field to mid-2024
Conrad Asia Energy Ltd has officially announced the postponement of the final investment decision for the Mako gas field in Natuna Regency, Indonesia
Eyes on Thai-Cambodian talks as Hun Manet seeks OCA deal to curb energy costs
Cambodian Prime Minister Hun Manet, is set to visit Thailand on February 7
Santos grants Kumul Petroleum additional time to pay for stake in PNG LNG project
Australian oil major Santos has provided Kumul Petroleum with an extension to complete the purchase of its 2.6% stake in the PNG LNG project, the company revealed on February 1.
Panama canal VLGC traffic surges amid Houthi-related Red Sea disruptions
In the wake of drought-induced restrictions affecting the Panama Canal, US LPG shippers were recently compelled to opt for extended voyages through the Suez Canal
Brazil's Bndes bank mulls renewable natural gas projects
A study led by Brazil's national development bank, Bndes, suggests that the country's renewable natural gas sector can see growth through new landfill-fed projects and the utilisation of the existing Cbio carbon credits program
Concerns arise over potential shortfall in Brazil's Rota 3 Pipeline gas supply
The upcoming start-up of Brazil's Rota 3 natural gas pipeline from the offshore Santos basin, scheduled for this year, is raising concerns among market participants about potential supply shortfalls, Argus reported on January 29.
Shell’s LNG output drops 5% in 2023 after unloading Sakhalin-2 project
Oil major Shell reported a 5% fall in its LNG output in 2023 following the sale of its stake in Russia’s Sakhalin-2 project.
Brazil’s LNG imports expected to rise on terminal's commissioning, Petrobras purchases
Biden’s LNG pause rattles Canadian producers, could create opportunities
The US pause on LNG exports has rattled Canadian producers, who fear that Canada and British Columbia (BC) could follow suit. But some say the pause actually creates opportunities, since Canada already considers emissions when assessing permits.
Mekong Energy to hand over Phu My power plant in 2025
Mekong Energy Company Limited, the operator of the Phu My 2.2 BOT Power Plant, is set to conclude its operations as the power plant's term under the Build-Operate-Transfer contract concludes on February 4,
TotalEnergies acquires a 50% stake in Malaysia’s SapuraOMV upstream
Paris-based TotalEnergies SE has entered into a definitive agreement to acquire a 50% stake in SapuraOMV Upstream Sdn, a Malaysian independent gas producer and operator
China oil major CEO criticises US sanctions on Russia, citing impact on LNG project
In a notable deviation from typical corporate rhetoric, the CEO of China National Offshore Oil Corporation, Zhou Xinhuai, has voiced strong opposition against ongoing US-led sanctions on Russia.
New US policy on LNG permitting will also affect Mexican projects
US-based companies such as NFE and MPL may come under fire for their plans to process Permian basin gas in Mexico for export as LNG.
Japan’s Tokyo Gas to lead LNG-to-power project in Vietnam, SE of Hanoi
Tokyo Gas Co. Ltd, Kyuden International Corporation and Vietnam's Truong Tan Vietnam Group have teamed up to launch a joint venture: Thai Binh LNG Power
US LNG trade to Asia being slowed by Panama Canal congestion
LNG vessels using the Panama Canal have been suffering lengthy delays according to the International Energy Agency.
Japan expresses concern over US pause of LNG export permits
Japan has raised the alarm over US President Joe Biden’s decision to temporarily halt US LNG export permits with Industry Minister Ken Saito vowing that the country will take all the necessary actions to guarantee stable energy supply.
GLNG: Biden orders pause of LNG export approvals amid pressure from environmentalists
Biden orders pause of LNG export approvals amid pressure from environmentalists
US President Joe Biden announced on January 26 that approvals of pending and future applications to export LNG from new projects are being temporarily halted.
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