GLNG - Global LNG

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Oil & Gas

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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.

GLNG customers include:

major power companies, investment banks, consultancies, government agencies, law firms, accountancies, academics and economists. Its scope includes news and intelligence, broken down by geographic area to include Africa, Asia, the Americas, Europe and the Middle East.

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Pertamina seeks $280mn non-cash state capital injection for gas and refueling assets

4 July 2024

PT Pertamina has submitted a request for a non-cash state capital injection amounting to $280mn, consisting of state-owned assets

Colombia's Ecopetrol to import gas from Venezuela, mulls bringing in LNG

3 July 2024

Ecopetrol, Colombia's state oil company, is set to import 2.8mn cubic metres per day of gas from Venezuela starting next year to bolster national hydrocarbon supply, addressing an anticipated 8% shortfall. The two countries are neighbours.

MOL of Japan takes full ownership of LNG Rose Shipping for $32mn

3 July 2024

Mitsui OSK Lines (MOL) has announced its decision to acquire the full 50% stake owned by Itochu Corporation in LNG Rose Shipping. In doing so it will make the LNG carrier company a wholly owned subsidiary of MOL.

Baker Hughes signs 10-year deal to support Woodside’s Australian LNG operations

3 July 2024

US oil services firm Baker Hughes has signed a 10-year services frame deal to provide support to Australian company Woodside Energy in its LNG operations.

Saudi Aramco agrees LNG supply deal with Sempra

3 July 2024

Saudi Arabian oil major Saudi Aramco has signed a 20-year non-binding LNG supply agreement with US-based energy company Sempra.

Germany breaks ground on first land-based LNG terminal

3 July 2024

Germany has kicked off the construction of its first land-based LNG terminal at Stade's inland port, with operations set to begin in 2027, according to the project company Hanseatic Energy Hub.

Dismissed Tellurian co-founder Souki seeks to buy back stake

3 July 2024

Influential LNG pioneer Charif Souki, who co-founded and served as chairman of US LNG developer Tellurian until being pushed out in December, is seeking to buy back a stake in the company.

Biden’s LNG permit pause halted by US court

3 July 2024

President Biden’s LNG permit approval pause for US LNG exports to non-Free Trade Agreement countries has been halted by a ruling made on July 1 by a federal judge.

Pakistan looks to renegotiate existing LNG deals with Qatar

3 July 2024

The government of Pakistan plans to seek Qatar's permission to sell LNG cargoes on the spot market if domestic demand decreases, a senior official from the nation’s Ministry of Energy revealed on June 28

New Indian LNG terminal builds to see increased regulation

3 July 2024

The Petroleum and Natural Gas Regulatory Board of India has issued a preliminary draft with the intention of limiting control over the county’s LNG terminals.

Europe boosts Russian pipe gas supplies by 27% in H1 2024

2 July 2024

Europe increased Russian pipeline gas purchases by 27% year on year in the first six months of 2024.

Ecopetrol in negotiations to purchase LNG amidst production decline

2 July 2024

Colombia's state energy company, Ecopetrol SA, is actively engaged in negotiations with suppliers of liquefied natural gas as the country's domestic gas production continues to decline.

Russia said to form LNG tanker shadow fleet

2 July 2024

Facing mounting sanctions for its liquefied natural gas industry, Russia is believed to be building up a shadow fleet of tankers for LNG transportation.

Rise of LNG-fuelled trucks tempers China’s gasoil demand

1 July 2024

Increasing sales of LNG-fuelled heavy-duty trucks as a substitution for diesel-powered trucks could mean China has reached or will soon reach peak demand for gasoil.

Cedar LNG takes positive FID

1 July 2024

A positive final investment decision was announced by indigenous majority-owned Cedar LNG for its 3.3mn tonne per year floating LNG project located in British Columbia on the territory of the Haisla Nation.

Government imposes sanctions on non-compliant exporters of natural resource export proceeds

28 June 2024

The Indonesian government, through the Directorate General of Customs and Excise at the Ministry of Finance, has imposed strict sanctions on companies failing to comply with regulations on Foreign Exchange Earnings from Natural Resources Export

Turkey’s EPDK releases 2023 gas data

27 June 2024

Turkey’s Energy Market Regulatory Authority (EPDK) reported this week in its latest annual gas report that Turkey imported 50.48bn cubic metres of natural gas during 2023, a decline of 7.64% from the 54.22 bcm of gas imported during 2022.

Saudi Aramco and Sempra sign agreement for LNG project expansion

26 June 2024

Saudi Aramco and North American energy infrastructure company Sempra announced on Wednesday the execution of a non-binding 20-year agreement between their subsidiaries for the purchase and sale of 5mn tpy of LNG.

India announces new LNG plant to be built in Madhya Pradesh

26 June 2024

India’s state-run Oil and Natural Gas Corporation has signed a deal with the Indian Oil Corporation for the development of a small-scall LNG facility in the state of Madhya Pradesh.

Genting awards $1bn FLNG deal to Wison New Energies

26 June 2024

Malaysia’s Kuala Lumpur-based Genting has awarded a $1bn contract to China’s Wison New Energies for the construction of a floating liquefied natural gas facility, to be stationed at Teluk Bintuni in West Papua.

Putin hints at increased Russian energy deals with Vietnam

26 June 2024

Russian President Vladimir Putin has expressed interest in enhancing energy and security collaboration with Vietnam.

Edited by

Ed Reed

Editor

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