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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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Pakistan sees only top-drawer bids for January LNG delivery
Pakistan has received four international bids for the supply of an LNG cargo in early January, with the lowest bid at $18.46 per unit
Mexico Pacific awards contract for Saguaro LNG pipeline
Mexico Pacific, the developer behind the planned $14bn Saguaro Energia LNG export project, has granted the engineering, procurement, and construction (EPC) contract for the pipeline that will supply natural gas to the proposed facility.
Japan pledges to work with Mozambique towards restarting $20bn LNG project
Mozambique and Japan have committed to collaborate on resuming the development of a LNG project in the north of the African nation halted in 2021 due to security concerns.
AfrOil: Environmentalists urge banks not to support Mozambique LNG
Daewoo signs MoU with Yemen covering LNG terminal, power plant
South Korea’s Daewoo Engineering & Construction has signed a memorandum of understanding with Yemen’s Ministry of Electricity and Energy to build a LNG receiving terminal in Yemen.
GLNG: Indian Oil plans to double Ennore LNG terminal capacity amid push for more gas
Indian Oil plans to double Ennore LNG terminal capacity amid push for more gas
Indian Oil Corp will double the capacity of the Ennore LNG import terminal in the country’s south-eastern state of Tamil Nadu, the firm’s executive director for gas business announced on November 24.
Trafigura to supply Philippines with LNG cargo
Philippines’ power generation company First Gen Corporation (FGEN) has awarded its second LNG cargo tender to Swiss trader Trafigura. The cargo is to be delivered to a floating storage and regasification unit (FSRU), the BW Batangas.
Japan asks LNG buyers to secure long-term deals to strengthen energy security
The Japanese government is requesting that LNG importers make efforts to secure decades-long supply deals amid growing concerns in the country over energy security.
President Joko Widodo inaugurates Tangguh Train 3 LNG project in Papua
President Joko Widodo has officially inaugurated the Tangguh Train 3 LNG project, operated by British Petroleum.
Algeria agrees to extend LNG supplies to Turkey until 2027
Algerian state oil and gas firm Sonatrach signed an agreement to extend gas supplies to Turkish state energy utility Botas for three years, Turkey’s energy minister Alparslan Bayraktar said.
High prices to lead to challenges for imports of LNG in Vietnam
Vietnam is contemplating the increased development of LNG as one of the means to transition to low-emission energy sources.
Czechia secures capacity in German LNG terminal
Majority state state-owned Czech energy utility CEZ secured annual capacity, amounting to 2bn square metres until 2027, at the Stade LNG terminal, which is currently under construction and is located near the German port city of Hamburg.
Nigeria, Germany sign deals on gas and renewable energy
Nigeria has signed a deal with Germany to increase gas exports, with Berlin pledging to invest $500mn in renewable energy projects in return, according to an announcement by the Nigerian government.
Freeport LNG receives federal approval to restart full operations
US LNG producer Freeport LNG was granted approval by the Federal Energy Regulatory Commission on November 22 to return to service its Phase II infrastructure.
Santos forecasts fall in output for 2024 amid end of LNG field life
Australian energy company Santos forecasts a drop in output for 2024 on the back its Bayu-Undan LNG field’s life coming to an end.
CEE Bankwatch slams new wave of Balkan gas projects
NGO urges development partners to stop funding fossil fuel projects in the region and focus only on renewables.
Shell and Trinidad's NGC nearing approval for joint gas venture in Venezuelan waters
Venezuela is set to grant a licence to Shell and Trinidad and Tobago's National Gas Co. (NGC) to exploit a promising offshore natural gas field, with plans to export the production to Venezuela.
Oman LNG signs nine-year supply deal with BP
State-run Oman LNG has signed a sales and purchase agreement with UK energy firm BP to supply it with 1mn tonnes per year of LNG for a nine-year period.
Russian LNG exports to China soar
Russian LNG exports to China from January to October have climbed to 6.9mn tonnes, a rise of almost 40% on the same period last year, according to data from China’s General Administration of Customs.
Singapore eyes a second LNG terminal by 2030
In a bid to help bolster its energy security, Singapore is set to establish a second LNG terminal by the close of the decade.
Turkey and Algeria extend LNG supply contract by three years
Golar’s FLNG vessel sets sail for BP’s Greater Tortue Ahmeyim project site offshore Senegal, Mauritania
Marine infrastructure company Golar LNG’s converted floating LNG producer, Gimi, set sail from Singapore on November 18 for BP’s Greater Tortue Ahmeyim FLNG project offshore Mauritania and Senegal.
Pakistan floats LNG tender to meet winter demand
Pakistan LNG Limited has issued a tender with a four-day notice, inviting bids for a standard LNG cargo with targeted delivery on Jan 8-9
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