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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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Bangladesh finds new oil and gas reserves in Sylhet
EU backs plan to give members right to block Russian gas imports
The European Parliament and EU member states have agreed on a European Commission proposal that would allow bloc members to prevent gas imports from Russia and Belarus.
Mexico's first floating LNG plant advances as storage vessel sets sail
The storage vessel for Mexico's inaugural liquefied natural gas (LNG) plant has embarked on its journey from US waters to Altamira, Mexico, according to ship-tracking data.
Indonesia's Pertamina terminates LNG offtake deal with TotalEnergies-led Mozambique LNG
Pertamina signed the offtake agreement with Mozambique LNG, a TotalEnergies-operated consortium in 2019. The joint venture plans to invest $20bn to develop the gas project.
Indonesian oil distributor AKR Corporindo initiates LNG venture in Java's KEK JIIPE, eyes 2027 operation
PT AKR Corporindo Tbk, a prominent player in the oil distribution sector, is gearing up to launch a liquefied natural gas project within the Java Integrated Industrial and Port Estate
Venture Global expects lengthy start-up at second LNG plant
A second LNG export plant by Venture Global should start operations in 2024 and will have a lengthy startup similar to its Calcasieu Pass LNG facility, chief executive Mike Sabel told Reuters.
Shell pledges $5bn for Nigeria’s Bonga North deep-water project
The commitment was announced during a meeting between President Bola Tinubu and Shell Group's leadership, led by Global Integrated Gas and Upstream director Zoe Yujnovich, on December 7.
Russian Rosatom could ship first LNG on Northern Sea Route by April 2024
Russian nuclear energy agency and contractor Rostatom could send icebreakers to escort liquefied natural gas tankers of gas major Novatek on the Northern Sea Route (NSR) to the Asian market between January and April 2023.
Pertamina nears final investment decision for LNG Abadi Block Masela project
Indonesia-owned gas company Pertamina is on the brink of making a crucial final investment decision for the LNG Abadi Block Masela project in the Tanimbar Islands
Thailand faces energy dilemma amid global uncertainties
In the wake of escalating complexities in the global energy markets, governments worldwide are earnestly considering the shift towards cleaner and more stable energy alternatives, and Southeast Asia is no different
Mexico Pacific signs 20-year LNG supply deal with Woodside Energy
Mexico Pacific will supply Australian oil ang gas company Woodside Energy with 1.3mn tonnes per year of LNG for a 20-year period.
US LNG exports in November near record high
US LNG exports climbed to a near record high in November as the country shipped 7.99mn tonnes abroad, according to tanker tracking data from the London Stock Exchange Group.
Nigeria’s NNPCL signs agreements for two LNG projects
The Nigerian National Petroleum Corporation Ltd (NNPCL) has signed agreements for two liquefied natural gas projects in a bid to boost the country's natural gas utilisation and revenue.
TTF prices remain subdued as storage volumes remain high
The Dutch front-month TTF price dropped to $12.07 per mmBtu on December 6 from $13.7 on November 28, despite earlier predictions of colder weather sweeping Europe.
Peru LNG reports export volumes up slightly m/m in November
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes rise by more than 7% month on month in November 2023.
Seoul goes overboard with LNG import infrastructure
A recent study conducted by the Institute for Energy Economics and Financial Analysis has revealed that South Korea is undergoing a swift expansion of LNG import and storage terminals, with a significant potential for overinvestment and overcapacity
Indonesia approves revised Abadi Masela development plan
The Indonesian Ministry of Energy has announced its approval of a revised development plan for the delayed Abadi Masela LNG/gas project. The $20bn plan, led by Japan’s Inpex, calls for a 9.5mn tonne per year onshore LNG facility.
COP28 leader defends controversial remarks
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
State-owned oil & gas company Pertamina announces roadmap for national energy security at COP28
In a recent announcement at COP28, Indonesia's state-owned energy company Pertamina, led by CEO Nicke Widyawati, outlined a comprehensive strategy to address environmental concerns while maintaining a steadfast commitment to national energy security
State-owned Petronas leads exploration of 19 discoveries and two confirmed finds offshore Malaysia in 2023
In a landmark year for exploration, Petronas and its partners have achieved 19 exploration discoveries and confirmed two exploration-appraisal finds offshore Malaysia
Cambodia to halt hydropower dam construction on Mekong River, cancels $1.5bn coal plant
COP28: Major oil companies pledge to cut methane emissions
About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.
Liquid content in Guyana gas fields could complicate LNG facility deployment
ExxonMobil Guyana president Alistair Routledge admitted that deployment of a floating LNG facility in the gassier fields of the Stabroek Block near the Suriname border could prove challenging due to the high variability of their liquid contents.
GLNG: Shell decreases stake in Atlantic LNG as BP increases holding in restructuring deal
Shell decreases stake in Atlantic LNG as BP increases holding in restructuring deal
A restructuring agreement set to be signed before December 8 will see Shell reduce its ownership stake in Trinidad’s Atlantic LNG facility, while at the same time BP and Trinidad’s state-run National Gas Co. (NGC) will increase their stakes.
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