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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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ADNOC Gas reaches 10-year LNG supply deal with India’s GAIL
United Arab Emirates firm ADNOC Gas has come to a 10-year agreement with India’s GAIL to supply the company with 0.5mn tonnes per year of LNG beginning in 2026, the companies revealed on January 30.
Guyana will maintain pre-COVID energy costs, PM says
Prime Minister Mark Phillips of Guyana praised his government for maintaining stable energy rates despite global fluctuations in fuel prices, highlighting the cabinet's commitment to absorbing the increased costs instead of consumers.
US Ex-Im Bank pressed to halt backing for Papua LNG
Europe's final transition from Russian gas to LNG will cost $223bn
Europe's strategic pivot away from Russian natural gas towards LNG is estimated to require a colossal investment of $223bn in global projects over the next decade, Bloomberg calculates.
Biden suspends four LNG export licences to burnish his green credentials
The Biden administration has temporarily frozen approvals of all new licences for the export of US LNG to assess their environmental impact in a move that could disrupt global energy markets.
QatarEnergy signs 15-year deal with Excelerate Energy to supply Bangladesh LNG
QatarEnergy and Excelerate Energy inked a 15-year LNG sale and purchase agreement on January 29 to supply LNG to Bangladesh.
Tellurian hires investment banker in effort to find equity partners for Driftwood LNG plant
US LNG developer Tellurian announced on January 25 that it has hired investment banker Lazard to support its quest to obtain investors and customers for its Driftwood LNG export terminal in Lake Charles, Louisiana.
Indonesia pursues bilateral investment treaty with Tanzania to safeguard expanding Pertamina operations
Indonesia is seeking a bilateral investment treaty with Tanzania, marking a step in light of state-owned oil firm Pertamina's expanding presence in the East African nation
T&T, SK E&S team up to propose LNG power plant for Quang Tri
A joint venture led by Vietnamese conglomerate T&T Group and South Korean energy giant SK E&S has proposed a $2.5bn LNG power plant project in Vietnam's Quang Tri province
Trinidad and Tobago explores new natural gas deals with Venezuela amidst declining supply
Trinidad and Tobago is poised to strike additional agreements with Venezuela to bolster its natural gas reserves following a recent licence granting access to a former oil giant field.
US delays decision on Venture Global’s Calcasieu Pass 2 plant
Venture Global’s Calcasieu Pass 2 (CP2) facility could face an approval delay from the Biden administration, according to a report from The New York Times on January 24.
Petronas calls for incentives to boost Suriname's oil and gas sector
Malaysian energy firm Petronas has called on the government of Suriname to offer enhanced incentives to attract energy companies for oil and gas development in the country.
State-owned oil & gas company Petronas awards production sharing contracts in Malaysia Bid Round 2023, stimulating over $274.9mn capital investment
Petroliam Nasional Bhd has granted production sharing contracts for six exploration blocks and one Discovered Resource Opportunities cluster under Malaysia Bid Round 2023
Pertamina Malaysia wins exploration block SK510 in Malaysia Bid Round 2023
Pertamina Malaysia Exploration Production, a subsidiary of Indonesia's state-owned oil and gas company Pertamina, has secured the exploration block SK510 through the Malaysia Bid Round 2023
Six die as fuel truck explodes in fireball on Ulaanbaatar city street
Three firefighters among dead. Shocked city dwellers ask how it is that such vehicles carrying dangerous loads are permitted to travel into a residential neighbourhood, containing many schools.
Japan’s LNG imports drop by 8% in 2023
Japan has reported a dip in LNG imports in 2023, with the northeast Asian country bringing in 66.2mn tonnes of the super-chilled fuel, according to preliminary data from the Ministry of Finance.
Qatari LNG deliveries to Europe delayed by Red Sea conflict
Qatar’s LNG deliveries to customers in Europe will be delayed as the Gulf country reschedules shipments and routes amid the crisis in the Red Sea.
India close to inking landmark deal with Qatar for affordable LNG
In what is being seen as a major development for the global LNG market, QatarEnergy is poised to finalise a landmark long-term LNG supply agreement with India
Biden urged by natural gas coalition to avoid pausing LNG export approvals
US President Joe Biden has been urged by a group of natural gas producers and pipeline companies to reconsider against any action to pause US LNG export approvals.
Trinidad and Tobago opens talks with Europe on supply of LNG
Trinidad and Tobago is in the midst of negotiations with countries in Europe on supplying them with LNG produced from Venezuelan gas.
Gas exporting countries expect tight LNG market until 2026
Tight global LNG markets have been forecast until 2026 by the Gas Exporting Countries Forum (GECF).
Guyana VP labels Gas-to-Energy project opponents as "hopelessly misguided"
Guyanese Vice President Bharrat Jagdeo labelled Gas-to-Energy project opponents Elizabeth Deane-Hughes, Vanda Radzik, and international lawyer Melinda Jankifor as “hopelessly misguided”.
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