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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.
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Sino-Russian ties continue to deepen as Western sanctions drive their economies together
Widely seen as a marriage of convenience, economic ties between Russia and China are rapidly deepening as the two countries are driven together by pressure from the West.
TTF remain in lull as EU stalls on gas price cap plan
DMEA: Israel eyes new gas export route to Europe
NewMed Energy (Israel) has indicated that it does not want Egypt’s LNG plants to be the sole export outlet for natural gas from the Leviathan field.
Ruvuma (Tanzania) PSA revised to facilitate faster gas development
Shareholders in the Ruvuma licence area in southern Tanzania have revised their production-sharing agreement (PSA) with the aim of accelerating the development of their natural gas resources.
New route to Europe for Israeli natural gas
While the short-term path to European gas markets continues to run through Egypt, NewMed appears to be leaning towards a plan for the installation of an FLNG unit at the Leviathan field.
COP27 – Canada faces criticism for oil and gas stance
Though global delegates have left COP27 in Sharm El-Sheikh, the criticism of Canada’s stance on fossil fuels is still sharp.
NFE, Pemex finalise strategic partnership agreement for Lakach gas project
US-based New Fortress Energy (NFE) has finalised an agreement with Mexico's Pemex on the development of Lakach, a deepwater natural gas field.
Gazprom unveils its biggest investment programme in eight years as it begins to reorientate to the east
Gazprom announced its biggest investment programme since 2014 of $35bn as the company prepares to embark on major capital-intensive work that may include new pipelines to Europe and China and suggests is may be expecting higher earnings from Europe.
EU releases symbolic gas and preliminary oil cap price numbers
The European Commission released preliminary prices for the gas and oil price caps at a level that is more of a symbolic gesture than the stringent sanctions that will crush the Kremlin's budget that many were hoping for.
Georgian economy minister talks of renewed plans for Caspian Sea gas pipeline through Georgia to Europe
QatarEnergy clinches longest LNG deal with Sinopec
Climate paralysis at COP27 as no progress made on 1.5 degrees
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
Biden announces tighter methane rule for US oil and gas industry
Europe still can’t shake off Russian LNG habit
Russian exports of LNG to the Europe rose a staggering 50% in the first nine months of 2022, according to EU figures, even as volumes of pipeline gas fell 80%, as Europe’s need for gas trumped the EU’s efforts to cut dependence on Russian gas.
Petroleum Sarawak plans four gas hubs over next decade
African NGOs call for suspension of Tema LNG project in Ghana
A group of African non-governmental organisations has called for the suspension of the Tema LNG project in Ghana, arguing that the deal could end up costing the country $1.5bn
GLNG: African NGOs call for suspension of Tema LNG project in Ghana
Sycar, PdVSA sign MoU on FLNG project
US-based Sycar has signed a memorandum of understanding with Venezuela’s national oil company PdVSA on the development of an LNG export project.
Nigeria’s UTM Offshore set to sign FEED contract for FLNG project
UTM Offshore is preparing to sign a front-end engineering and design (FEED) services contract with for Nigeria's first floating LNG (FLNG) project.
Renergen resumes LNG production in Free State after temporary shutdown
South Africa’s Renergen has resumed LNG production after taking its onshore natural gas liquefaction plant off line for several weeks to repair a faulty conduction oil system.
Bechtel-led coalition awarded contract for study on eliminating gas flaring at Idku LNG plant
Shell (UK), the operator of the Egyptian LNG (ELNG) plant, has awarded a US-led coalition a contract for a feasibility study on the decarbonisation of its 7.2mn tonne per year facility in Idku.
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