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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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Colombia, Venezuela launch working groups on security, trade, energy after postponing presidential summit
Venezuela and Colombia established four ministerial working groups on March 13 at Caracas's Miraflores Palace covering security, foreign relations, trade and energy following the cancellation of a planned summit
Bangladesh could save $3bn in LNG imports with 1 GW solar expansion
Bangladesh could reduce its LNG import expenditure by nearly $3bn over the next 25 years if it develops 1 gigawatt (GW) of solar power capacity, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).
Damaged Russian LNG ship reported as still afloat
A Russian LNG carrier damaged in an apparent drone boat attack earlier this month is drifting in the central Mediterranean but remains afloat.
Another Russian Arc7 begins sea trials
Russia’s newest ice-class LNG carrier, the Arc7 tanker Konstantin Posyet, has likely begun sea trials.
Sempra's Vista Pacífico LNG project dies in Mexico after regulatory rejection, environmental opposition
Why Europe's gas price cap plan will backfire
Brussels is again considering a cap on gas prices to shield consumers from soaring energy costs, but the policy risks weakening Europe’s ability to attract LNG cargoes just as the bloc faces a difficult storage refill ahead of next winter.
Japan considers reviving LNG carrier construction
Japan has fallen well behind China and South Korea in shipbuilding volumes, particularly in the production of LNG carriers.
Shell declares force majeure on cargoes traded from QatarEnergy
Shell is the latest company to declare force majeure on LNG cargoes bought from QatarEnergy and sold to buyers.
JERA and Kogas ink MoU on LNG cooperation
The world’s largest LNG buyers JERA and Kogas have signed a Memorandum of Understanding to increase cooperation in the LNG sector.
Venture Global’s Plaquemines LNG plant in Louisiana gets approval to raise exports
Venture Global’s Plaquemines LNG has been granted authorization by US Secretary of Energy Chris Wright to increase exports by 13%.
Middle East conflict spurs LNG Canada to increase exports
Shell-operated LNG has stepped up production and cargoes exports as buyers in Asia scramble for supply in the midst of the conflict in the Middle East.
Venture Global takes FID on Phase 2 of CP2 plant in Louisiana
Company has raised $8.6bn in project financing for the expansion.
Argentina delays winter tariff period amid LNG price volatility
The government of Argentina has postponed the start of the winter tariff period for natural gas by one month in a move aimed at aligning domestic pricing with the results of an upcoming liquefied natural gas (LNG) import tender as global prices surge
US LNG exporters to benefit from Middle East disruptions, but not to replace lost supply
US LNG producers stand to benefit from disruption in the Middle East but cannot immediately replace lost supply.
China largely insulated from global energy price shocks
Although China is the world’s largest net oil importer and a major purchaser of Iranian crude, several factors mitigate the impact on its economy.
Energy strikes raise the prospect of higher fuel costs in Singapore
A fresh escalation in the Middle East conflict that is now targeting key oil and gas infrastructure is likely to push petrol prices higher in Singapore after fuel costs already increased last week
Glenfarne’s Texas LNG signs EPC with Kiewit
US energy and infrastructure development firm Glenfarne has inked an engineering, procurement, and construction deal with US engineering company Kiewit for its Texas LNG facility.
US LNG bound for Ukraine arrives in Lithuania
A cargo of US LNG intended for Ukraine has arrived at Lithuania’s Klaipeda terminal and will be sent onward to Ukraine in the near term.
Egypt tenders 10 oil storage depots amid Red Sea maritime shifts
Egypt has invited international energy firms to lease 10 major oil and petroleum product storage facilities at the Ain Sokhna and Ras Badran ports on the Red Sea.
Russian shadow fleet LNG carrier idle near Suez Canal after attack on sister vessel
A Russian LNG carrier linked to the sanctioned Arctic LNG-2 project has been idling near the northern entrance to the Suez Canal for several days after another vessel from the same logistics chain was attacked in the Mediterranean.
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