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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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Poland’s floating LNG terminal secures key permit
Pertamina speeds up development of oil & gas discoveries in Bekasi
PT Pertamina Hulu Energi is fast-tracking the development of promising oil and gas discoveries in Bekasi, West Java
Pertamina teams up with ENI and Petronas to expand oil & gas exploration abroad
PT Pertamina Hulu Energi, a subsidiary of Indonesia's state-owned oil and gas giant Pertamina, is partnering with major players ENI and Petronas to explore potential oil and gas blocks in Africa and South America
Malaysian Sipitang residents urged to seize economic opportunities from the oil and gas industrial park
Local officials are calling on residents to capitalise on the economic boom triggered by the Sipitang Oil and Gas Industrial Park
Chesapeake, Delfin and Gunvor sign long-term LNG deal
Chesapeake Energy, Delfin LNG and Gunvor Group announced on February 13 that the companies have entered into a long-term LNG export contract, which involves a sales and purchase agreement.
Sanctions-related issues solvable with time: interview
International sanctions have created various challenges but these problems “all have a solution” and are a “matter of time and possible discounts."
Cyprus awaits word from energy giants on gas field developments
Cypriot Energy Minister George Papanastasiou keeps hinting that the Cronos-2 appraisal well completed last month by Italy’s Eni in Block 6 will confirm solid natural gas resources, but the Italian giant has yet to state the size of the resource.
Gas field operator completes sale of stake off Timor-Leste
SundaGas Banda Unipessoal, a subsidiary of the UK-based Baron Oil, has finalised the sale of a partial interest in a gas field off Timor-Leste to Timor Gap Chuditch Unipessoal
India maintains interest in Sakhalin-2 project
Indian authorities are expressing ongoing interest in participating in the Sakhalin-2 and other oil and gas projects, affirming their openness to discussions, stated Pankaj Jain, Secretary of the Indian Ministry of Petroleum and Natural Gas
Energy Transfer opens talks with Woodside on potential stake in Lake Charles project
US firm Energy Transfer has begun discussions with Australia’s Woodside Energy Group on the potential sale of a stake in the company’s Lake Charles LNG facility in Louisiana.
Peru LNG reports export volumes down in January
Peru LNG saw export volumes sink by more than 2% month on month in January 2024.
Russia extends permit for Yamal LNG to supply Germany’s SEFE until 2040
Russia has extended a permit allowing its Yamal LNG export terminal to continue supplying LNG to German state-run gas trader Securing Energy for Europe (SEFE) until the end of 2040, a government document published on February 9 revealed.
Indonesian government promotes domestic natural gas utilisation to reduce subsidy and import
The Indonesian government is continuously promoting the utilisation of natural gas through various programs, such as the City Gas Network and Compressed Natural Gas
Indonesian PLN EPI initiates collaboration for midstream LNG infrastructure development
PLN Energi Primer Indonesia is embarking on a venture to establish a joint venture entity dedicated to constructing and managing midstream LNG infrastructure
ExxonMobil assures that Liza field downtime will not affect production goals
ExxonMobil announced that the Liza field in the Stabroek Block offshore Guyana will be taken offline temporarily later this year as the company hooks up the pipeline for Guyana’s landmark Gas-to-Energy project.
MidOcean Energy reaches deal to acquire 20% stake in Peru LNG
MidOcean Energy, an LNG company created and managed by US investment firm EIG, has purchased a 20% stake in Peru LNG, the company revealed on February 12.
Nakilat to own and operate LNG vessels for QatarEnergy
QatarEnergy has announced its selection of Nakilat to own and operate up to 25 conventional-size LNG carriers under Time Charter Parties to be established by affiliates of both entities.
TotalEnergies hopeful of construction restart of Mozambique LNG by summer
French oil supermajor TotalEnergies has revealed it is hopeful that its megaproject Mozambique LNG will be restarted by mid-2024.
Pertamina subholding gas PGN executes international LNG trade with China
Subholding Gas Pertamina PT PGN Tbk has conducted international LNG trading business with China
Russian gas major Novatek to pay $2.6bn in dividends for 2023
The board of Russia’s second-largest gas producer Novatek recommended the shareholders to pay the final total dividend of RUB134bn ($1.4bn) for 2023, in addition to the RUB105bn ($1.1bn) interim dividend for 1H23,
Rio de Janeiro aims for free natural gas market amid growing demand
The state of Rio de Janeiro in Brazil is actively seeking to develop its free natural gas market, responding to increasing demand in the coming decade and challenges in Brazil's gas agenda
Thailand Department of Mineral Fuels to open auction for onshore petroleum fields
The Department of Mineral Fuels of the Ministry of Energy is gearing up to open an auction for onshore petroleum fields later this year
ExxonMobil to write off Kaieteur expenses following withdrawal
Petrobras mulls projects with Gulf, Indian, Chinese, and Venezuelan firms
Brazil’s state-owned energy major Petrobras is engaged in discussions with national oil companies from China, India, and the Middle East
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