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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.
With this in mind, success can be lost or guaranteed on the basis of accurate and timely information. GLNG offers readers a macro-view of international LNG news, divided by global region. GLNG is published on Thursdays and also incorporates an extensive News in Brief section. This includes detailed and up-to-date information as it breaks, from various sources across the world.
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Sanctions halt Russia’s Arctic LNG 2 shipments by blocking delivery of LNG tankers
Russian gas producer Novatek’s Arctic LNG 2 project has been forced to push back its first cargo delivery until March at the earliest due to US sanctions blocking the delivery of LNG vessels.
Pertamina Ventures into Malaysia's gas-rich Block SK510 in collaboration with Petronas
Indonesia's state-run oil and gas enterprise, Pertamina has revealed its participation in a significant exploration endeavour in Malaysia
Croatia to invest €400mn in gas pipelines construction
Tellurian may sell Haynesville assets to finance Driftwood LNG
Tellurian has asked its financial advisor, Lazard, to explore opportunities for the sale of the company's upstream business in the Haynesville shale in Louisiana and Texas.
QatarEnergy signs 20-year LNG supply deal with India’s Petronet
QatarEnergy has inked a long-term LNG sale and purchase agreement with India’s Petronet, the companies announced on February 6.
Japan’s January LNG imports drop to 15-year low, record-breaking days likely over
Japan's LNG imports in January hit a 15-year low as the country's nuclear reactors restarted, gas inventories remained high and renewable energy generation increased.
Pertamina Hulu Energi boosts oil and gas exploration efforts to unearth new reserves in Indonesia
Pertamina Hulu Energi is ramping up its commitment to substantially enhance oil and gas exploration activities this year with a focus on uncovering new potential resources.
Liza field offshore Guyana to go offline later this year
ExxonMobil chief financial officer Kathy Mikells has confirmed that the Liza field in the Stabroek Block offshore Guyana is expected to experience some downtime later this year to allow for the implementation of the landmark Gas-to-Energy project.
Sri Lanka in active talks with India’s Petronet on LNG supply
The government of Sri Lanka has reportedly engaged in discussions with India’s Petronet LNG to supply liquefied natural gas to dual-fuel combined-cycle power plants on the island.
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,
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