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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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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.
Pakistan set for gas, power rationing amid LNG crunch
Eni confirms export of first LNG cargo from Coral Sul FLNG offshore Mozambique
Eni (Italy) confirmed on November 13 that Coral South LNG had exported its first cargo of natural gas from Mozambique.
European gas prices climb again as continent heads for winter
Russia-Ukraine conflict brings African gas into focus at COP27
Europe’s urgent need for fuel has made African gas a key topic of discussion, even as some observers push African countries to ignore gas completely in favour of renewables.
Gas has potential to derail COP27’s green ambitions
Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.
Dominion Energy may sell stake in Cove Point LNG facility
Dominion Energy may divest its 50% stake in the Cove Point liquefied natural gas (LNG) terminal in Maryland, according to Bloomberg, citing knowledgeable sources.
China, Japan, South Korea build energy stocks ahead of winter demand
Renergen abandons capital raise plan for South African gas project, asks for ASX trading halt to be lifted
US reportedly discussing Trinidad and Tobago’s plan to use Venezuelan gas for Atlantic LNG
The US government has reportedly agreed to discuss Trinidad and Tobago’s request for a waiver from sanctions on Venezuela’s oil sector in order to secure more feedstock for Atlantic LNG.
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