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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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US to impose new sanctions on Russia’s booming LNG exports
The US is piling the pressure on Russia’s booming LNG exports with a new round of sanctions that will make production and transport more complicated. The latest round of sanctions takes aim at Russia's LNG expansion and trade efforts.
Mitsui affirms commitment to new US-led sanctions on Russia's Arctic LNG 2 Project
In response to the recent imposition of fresh US sanctions related to Russia's Arctic LNG 2 gas project, Japan’s Mitsui has announced its intent to comply fully with the restrictions.
Gas prices in Serbia to increase by 10% starting November 1
Panama Canal's drought-induced restrictions make EU more attractive destination for LNG cargoes
Continuing disruptions in the Panama Canal – a critical conduit for US shipments to Asia – are influencing the flow of LNG deliveries to Europe and encouraging the utilisation of floating storage.
US Chevron plans to invest $3bn over two years to develop Nargis gas field in offshore Med
US oil and gas major Chevron plans to invest $3bn over two years starting in the first half (January-June) of 2024 to develop Egypt’s Nargis gas field in the offshore East Mediterranean, Bloomberg Asharq Business reported.
ConocoPhillips signs 15-year deal for regasification capacity at Holland’s Gate LNG terminal
US oil major ConocoPhillips has reached a 15-year commercial agreement for the obtainment of approximately 1.5mn tonnes per year of additional regasification capacity at the Netherlands’ Gate LNG terminal, the company revealed September 18.
Commonwealth LNG signs 15-year supply deal with EQT
Houston-based LNG developer Commonwealth LNG has signed a 15-year supply deal with independent natural gas firm EQT, the company announced on September 19.
Indonesia takes step forward for floating LNG vessel off Madura
Indonesia has moved a step closer to deploying a floating LNG vessel off Madura Island with the announcement on September 13 that Malaysian oil services firm Bumi Armada has signed a non-binding agreement with Davenergy Mulia Perkasa (DMP).
Germany vows to strengthen LNG capacity
Germany will strengthen its LNG capacity to retain energy diversity in the face of a potential supply shortage, a key official in the country’s energy ministry stated at an industry event on September 19.
GLNG: Germany vows to strengthen LNG capacity
Sempra completes sale of 42% stake in Port Arthur LNG Phase 1 to KKR
Sempra Infrastructure, a subsidiary of US public utility Sempra, announced on September 14 that it has successfully completed the sale of a 42% indirect non-controlling stake of its Port Arthur LNG Phase 1 project to US global investment company KKR.
Russia clears use of non-reinforced oil tankers in Arctic in bid to ensure exports stay high
Russia has permitted unreinforced oil tankers to travel through the Northern Sea Route in the Arctic – a route the country has had to rely increasingly on to export its oil, natural gas and other natural resources in the face of Western sanctions.
Russia's energy ministry backs new LNG liberalisation initiative
Russia’s energy ministry has thrown its support behind the partial liberalisation of LNG exports in a bid to bring more projects on stream faster, by granting subsidiaries of companies that already have export licences the right to ship LNG abroad.
EU continues calls to eliminate Russian LNG
EU Energy Commissioner Kadri Simson called on September 14 for the bloc to curb its Russian LNG imports with the end-goal of eliminating them completely, as Brussels considers ways of further strangling Moscow’s revenue source.
Thailand's Gulf-Ratch secures LNG supply agreement with Gunvor for power generation
Thailand's Gulf Energy Development pl (GULF), in collaboration with Ratch Group Public Company Limited (RATCH) have announced a significant milestone in their joint venture project.
Indian blackouts demonstrate a lack of foresight by New Delhi
New Delhi is in the process of searching for more LNG in a bid to alleviate socioeconomic turmoil brought about by ongoing blackouts in some areas.
Environmentalists oppose EXIM support of Papua LNG project
A group of 27 civil society and environmental conservation groups from across the Asia-Pacific, the US and Papua New Guinea have written to the US Export-Import Bank in Washington to “reject” the Category A Papua Liquefied Natural Gas Project.
Bangladesh to purchase two LNG cargoes on the spot market
Bangladesh’s state-run energy company Rupantarita Prakritik Gas Company Ltd (RPGCL) has revealed it will purchase two cargoes of LNG in September and October.
Freeport LNG’s gas intake cut significantly for four days in a row
The US’s second largest LNG facility Freeport LNG has had its gas intake cut sharply for a fourth day in a row on September 12, according to data from the London Stock Exchange Group (LSEG).
US was world’s top LNG exporter in first half of 2023
The US was the leading exporter of LNG globally in the first half of 2023.
Chevron and striking Australian LNG employees to meet at tribunal on September 22
Chevron and striking workers at the company’s LNG plants in Australia will have their dispute heard by an industrial relations tribunal on September 22.
ADNOC Gas signs LNG supply deal with PetroChina
ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced on September 8 that it has signed an LNG supply agreement with PetroChina International Company.
Tellurian shifts to allow non-equity holders of Driftwood to purchase offtake agreements
US LNG developer Tellurian is changing course on financing for its long-delayed Driftwood LNG project planned for the west bank of the Calcasieu River south of Lake Charles in Louisiana.
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