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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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US supplies almost half of Europe’s LNG imports in 2023
The US was Europe’s top supplier of LNG in 2023, marking the third consecutive year it has held that title according to new data from gas intelligence firm CEDIGAZ.
Tellurian expects financing decision on Driftwood this year
Houston-based LNG developer Tellurian expects a final investment decision to be made before the end of the year on Driftwood LNG plants 1 and 2.
Vitol in talks to buy 90% stake in Italy’s Adriatic LNG terminal
Energy storage firm VTTI, backed by global commodity trader Vitol is in advanced talks to purchase a majority interest in Italy’s Adriatic LNG terminal.
China’s LNG imports hit record high for February
China’s LNG imports rose to a record high for the month of February amid struggling LNG prices in Asia.
Russia's Tula region approves small-scale LNG project
The government of Russia’s Tula region has approved the inclusion of a Novatek project to build a small-scale LNG production plant in the Uzlovaya special economic zone.
PGN and Conrad Energy Asia forge a collaboration for LNG development in Aceh
PT Perusahaan Gas Negara, the gas sub-holding of Pertamina, has embarked on a collaboration with Conrad Energy Asia Ltd, marking a milestone in the energy sector
EU stands firm on ending Russian gas transit via Ukraine, Kyiv open to options
The EU remains resolute in its stance against negotiating with Russia over the transit of gas through Ukraine, while Kyiv signals openness to alternative arrangements.
New Fortress Energy starts Barcarena and Terminal Gas Sul LNG facilities in Brazil
US LNG developer New Fortress Energy has revealed that its Barcarena LNG terminal and Terminal Gas Sul have begun operations.
Pertamina EP Zone 7 unveils drilling plans to boost oil and gas production
Pertamina EP Zone 7, operating as the contractor under the cooperation contract for upstream oil and gas activities in the western part of Java, has announced initiatives to ramp up drilling operations throughout 2024
Chile's state-run ENAP signs natural gas technology deal with Upwing Energy
Chile's state-run energy company, Empresa Nacional del Petroleo has inked a deal with California-based Upwing Energy to deploy cutting-edge gas technology aimed at boosting production and recoverability in the country's gas fields.
Philippines' leading energy firms collaborate on $3.3bn LNG facility
Three prominent Philippine energy firms have joined forces for the creation of a significant integrated LNG power facility, marking the first-time collaboration among them, the companies announced on March 3
Asian implications of Biden's LNG pause
While the majority of US LNG currently goes to gas-starved Europe – 67% last year versus only 26% to Asia – the pause has no bearing on existing supply but on export projects due to enter service in the late 2020s.
Sakhalin Energy offers China a short-term annual deal of 12 LNG cargoes
Sakhalin Energy, the Russian energy company, has proposed a deal to supply Chinese buyers with 12 shipments of LNG annually for a period of three to five years.
Thai quest to increase LNG use sees groundbreaking shipment to Hin Kong Power Plant
Thailand's Gulf Energy Development has marked the arrival of its inaugural LNG shipment to supply the Hin Kong Power Plant west of Bangkok, as stated in the company's 2023 results report released on February 20.
Russia's natural gas production increased 6.8% y/y to reach 55.7bn cubic metres in January 2024
Russia's natural gas production increased 6.8% y/y to reach 55.7bn cubic metres in January 2024, according to the latest figures from RosStat. This growth marks the highest production level since March 2022.
Petrobras and ArcelorMittal explore collaboration on low-carbon Initiatives
Brazilian state-owned energy giant Petrobras and steel major ArcelorMittal have entered into a memorandum of understanding to explore joint ventures in low-carbon projects.
Sanctions axe Russian gas major Novatek’s six LNG tankers
Japan increases the size of its stake in the Scarborough LNG project
Japan has signalled its apparent confidence in Australian gas by doubling down on investments in Woodside Energy’s Scarborough project in Western Australia.
Lack of shipping capacity thwarts Russian LNG ambitions
Western sanctions are thwarting Russia’s planned expansion in the global LNG market.
Woodside CEO: LNG demand to soar 50% in next decade
Australia’s Woodside Energy Group forecasts LNG demand to skyrocket 50% over the next decade, the firm’s CEO Meg O’Neill told Bloomberg in an interview on February 27.
Germany’s Mukran port receives FSRU, begins trial operations
Germany’s Baltic Sea industrial port Mukran received the floating storage and regasification unit Energos Power on February 24, operator Deutsche ReGas revealed.
Turkey’s natural gas imports fall 8% in 2023
US levies more sanctions on Russian LNG industry targeting shipyards
The US Department of State imposed fresh sanctions on Russia’s LNG industry on February 24, the second anniversary of Russia’s invasion of Ukraine.
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