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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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Aramco doubles down on gas push as dividends soar
As Aramco decides what to do with another bumper set of financial results, LNG investment opportunities are on the table.
YPF plans to divest ageing oil fields in push to drive Vaca Muerta shale investment
Argentina's national oil company YPF SA has unveiled its plan to divest ageing oil fields, potentially freeing up $800mn which it hopes to invest in shale reserve exploration in the Vaca Muerta formation.
Iran signs deals to boost pressure in South Pars gas field
Iran’s Oil Ministry has signed deals with local companies to boost pressure in the colossal South Pars gas field under what is deemed as “the most important and strategic plan of the petroleum industry.”
Bill introduced to ban LNG exports to four countries, China included
Democratic Senators Sherrod Brown of Ohio and Jeff Merkley of Oregon have introduced the Protecting American Households From Rising Energy Costs Act.
Korea’s KOGAS secures long-term LNG deal with Woodside Energy
Australian firm Woodside Energy Group Ltd has signed a sale and purchase agreement with Korea Gas Corporation to provide LNG on a long-term contract to Korea, as announced by the firm on February 28.
Leading investors compete for slice of Vietnam’s new $2.4bn Nghi Son LNG power plant
Thanh Hoa Province in Vietnam is preparing to select a lead investor for the LNG Nghi Son thermal power plant project. The facility will be located inside the Nghi Son Economic Zone south of Hanoi.
Peru LNG’s export volumes dropped in February
The Peru LNG consortium saw export volumes sink by almost 17% month on month in February 2024.
Atlantic LNG plant signs three-year EPC contract with Massy Wood
Atlantic LNG consortium of Trinidad and Tobago has awarded a three-year EPC contract to a joint venture owned by the energy division of a local company, Massy and Wood Group.
Kazakhstan’s LPG consumption up 28% y/y in 2023
Mexico’s Sonora state unveils $3.4bn investment for LNG project
The government of the Mexican state of Sonora has disclosed that Amigo LNG is set to invest $3.4bn to develop a new gas liquefaction terminal at the port of Guaymas. This investment aims to position the state as a hub for gas liquefaction.
Guyana Vice President defends hesitation to utilise Trinidad natural gas processing facilities
Guyana's Vice President Bharrat Jagdeo has expressed hesitation regarding Trinidad and Tobago's natural gas facilities for processing, emphasising the need for a feasibility study before making any decisions.
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.
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