GLNG - Global LNG

Indonesia approves revised Abadi Masela development plan

The Indonesian Ministry of Energy has announced its approval of a revised development plan for the delayed Abadi Masela LNG/gas project. The $20bn plan, led by Japan’s Inpex, calls for a 9.5mn tonne per year onshore LNG facility.

COP28 leader defends controversial remarks

Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.

State-owned oil & gas company Pertamina announces roadmap for national energy security at COP28

In a recent announcement at COP28, Indonesia's state-owned energy company Pertamina, led by CEO Nicke Widyawati, outlined a comprehensive strategy to address environmental concerns while maintaining a steadfast commitment to national energy security

State-owned Petronas leads exploration of 19 discoveries and two confirmed finds offshore Malaysia in 2023

In a landmark year for exploration, Petronas and its partners have achieved 19 exploration discoveries and confirmed two exploration-appraisal finds offshore Malaysia

Cambodia to halt hydropower dam construction on Mekong River, cancels $1.5bn coal plant

COP28: Major oil companies pledge to cut methane emissions

About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.

Liquid content in Guyana gas fields could complicate LNG facility deployment

ExxonMobil Guyana president Alistair Routledge admitted that deployment of a floating LNG facility in the gassier fields of the Stabroek Block near the Suriname border could prove challenging due to the high variability of their liquid contents.

GLNG: Shell decreases stake in Atlantic LNG as BP increases holding in restructuring deal

Shell decreases stake in Atlantic LNG as BP increases holding in restructuring deal

A restructuring agreement set to be signed before December 8 will see Shell reduce its ownership stake in Trinidad’s Atlantic LNG facility, while at the same time BP and Trinidad’s state-run National Gas Co. (NGC) will increase their stakes.

Mauritania to export LNG in mid-2024

Mauritania is set to make a significant mark on the global energy stage as it announces plans to commence its first liquefied natural gas exports in mid-2024.

Thai Binh LNG plant gets green light for offshore port for 150,000-tonne ships

Vietnam's Ministry of Transport has approved plans for a floating warehouse port to receive liquid/gas cargo ships of up to 150,000 tonnes off the coast of Tra Ly estuary in Thai Binh province

President Jokowi unveils Tangguh Train 3 to boost annual LNG production

President Joko Widodo has officially inaugurated the Tangguh Train 3 National Strategic Project in Teluk Bintuni, a move poised to catapult Tangguh's annual LNG production to 11.4mn tonnes

Japan’s JERA gets the OK on LNG stockpiling plan

Japan's Ministry of Economy, Trade, and Industry has given the green light to an initiative proposed by JERA, the nation's leading power generator

Bangladesh nears LNG supply deal with Summit Group

Bangladesh energy company Summit Group is in the final stages of negotiations with the government of Bangladesh to supply its state-run company Petrobangla with about 1.5mn tonnes per year of LNG.

Delfin, ARC sign long-term LNG and gas agreements with Gunvor, Cheniere

Delfin Midstream Inc. and Gunvor Group have announced that Gunvor Singapore Pte has entered into a long-term LNG sale and purchase agreement with Delfin LNG.

Bulgartransgaz considers investing in second LNG terminal in Greece

EU ports reship more than 20% of imported Russian LNG

Over one fifth of LNG imported by Europe from Russia is being transhipped to other destinations around the globe according to data from a think-tank, the Institute for Energy Economics and Financial Analysis.

Turkey moves ahead with Sakarya gas field development

State-owned Turkish Petroleum Corporation (TPAO) has purchased from Brazil a large platform that it will use for processing gas produced at the Black Sea offshore Sakarya gas field.

Cambodia to build first gas-fired power plant, replace coal project with LNG facility

Cambodia has scrapped plans to build a 700-MW coal-fired power plant in Koh Kong and will instead build an 800-MW LNG plant

Guyana to achieve oil payback in under ten years, WoodMac analyst says

A Wood Mackenzie industry analyst has projected that the Guyana basin should achieve payback within eight to 12 years with oil sales in the range of $60 to $80 per barrel. Wood Mac expects Guyana to show particularly strong upstream growth.

Pakistan sees only top-drawer bids for January LNG delivery

Pakistan has received four international bids for the supply of an LNG cargo in early January, with the lowest bid at $18.46 per unit

Mexico Pacific awards contract for Saguaro LNG pipeline

Mexico Pacific, the developer behind the planned $14bn Saguaro Energia LNG export project, has granted the engineering, procurement, and construction (EPC) contract for the pipeline that will supply natural gas to the proposed facility.

Japan pledges to work with Mozambique towards restarting $20bn LNG project

Mozambique and Japan have committed to collaborate on resuming the development of a LNG project in the north of the African nation halted in 2021 due to security concerns.

AfrOil: Environmentalists urge banks not to support Mozambique LNG

Daewoo signs MoU with Yemen covering LNG terminal, power plant

South Korea’s Daewoo Engineering & Construction has signed a memorandum of understanding with Yemen’s Ministry of Electricity and Energy to build a LNG receiving terminal in Yemen.