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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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High prices to lead to challenges for imports of LNG in Vietnam
Vietnam is contemplating the increased development of LNG as one of the means to transition to low-emission energy sources.
Czechia secures capacity in German LNG terminal
Majority state state-owned Czech energy utility CEZ secured annual capacity, amounting to 2bn square metres until 2027, at the Stade LNG terminal, which is currently under construction and is located near the German port city of Hamburg.
Nigeria, Germany sign deals on gas and renewable energy
Nigeria has signed a deal with Germany to increase gas exports, with Berlin pledging to invest $500mn in renewable energy projects in return, according to an announcement by the Nigerian government.
Freeport LNG receives federal approval to restart full operations
US LNG producer Freeport LNG was granted approval by the Federal Energy Regulatory Commission on November 22 to return to service its Phase II infrastructure.
Santos forecasts fall in output for 2024 amid end of LNG field life
Australian energy company Santos forecasts a drop in output for 2024 on the back its Bayu-Undan LNG field’s life coming to an end.
CEE Bankwatch slams new wave of Balkan gas projects
NGO urges development partners to stop funding fossil fuel projects in the region and focus only on renewables.
Shell and Trinidad's NGC nearing approval for joint gas venture in Venezuelan waters
Venezuela is set to grant a licence to Shell and Trinidad and Tobago's National Gas Co. (NGC) to exploit a promising offshore natural gas field, with plans to export the production to Venezuela.
Oman LNG signs nine-year supply deal with BP
State-run Oman LNG has signed a sales and purchase agreement with UK energy firm BP to supply it with 1mn tonnes per year of LNG for a nine-year period.
Russian LNG exports to China soar
Russian LNG exports to China from January to October have climbed to 6.9mn tonnes, a rise of almost 40% on the same period last year, according to data from China’s General Administration of Customs.
Singapore eyes a second LNG terminal by 2030
In a bid to help bolster its energy security, Singapore is set to establish a second LNG terminal by the close of the decade.
Turkey and Algeria extend LNG supply contract by three years
Golar’s FLNG vessel sets sail for BP’s Greater Tortue Ahmeyim project site offshore Senegal, Mauritania
Marine infrastructure company Golar LNG’s converted floating LNG producer, Gimi, set sail from Singapore on November 18 for BP’s Greater Tortue Ahmeyim FLNG project offshore Mauritania and Senegal.
Pakistan floats LNG tender to meet winter demand
Pakistan LNG Limited has issued a tender with a four-day notice, inviting bids for a standard LNG cargo with targeted delivery on Jan 8-9
Czech CEZ shelves plan to obtain capacity in Polish LNG terminal
Reuters reported that CEZ did not like the conditions offered by the Polish gas pipeline operator, Gaz-System. Gaz-System has not yet decided on the project in the Polish port city of Gdansk.
Environmentalists urge banks to halt support for TotalEnergies' $20bn gas project in Mozambique
North America’s LNG export capacity likely to more than double by 2027
North America’s LNG is likely to more than double by 2027, said the US Energy Information Administration (EIA). The agency considers the US, Canada and Mexico to be North America.
Sempra’s Port Arthur LNG terminal faces hurdle as court removes emissions permit
An emissions permit for US energy company Sempra’s Port Arthur LNG facility has been removed by a US Court potentially throwing a spanner in the project’s construction.
IndianOil LNG to invest $408m in expansion of Ennore terminal
IndianOil LNG, a joint venture of Indian Oil Corporation, is set to invest $408mn in the expansion of the Ennore LNG terminal in Tamil Nadu.
Pieridae abandons Goldboro LNG project in Nova Scotia
Canadian energy company Pieridae has revealed that it will halt plans to build the Goldboro LNG project in Nova Scotia as the company begins the process of selling its Goldboro subsidiary and its associated assets, permits, and licences.
GLNG: Shell, BP, Edison request US and EU intervention in dispute with Venture Global
Shell, BP, Edison request US and EU intervention in dispute with Venture Global
The long-running dispute between Venture Global and its European customers BP, Edison and Shell has seen another escalation with the three European companies requesting intervention from the US-EU Task Force on Energy Security.
Italy’s Snam reveals plans to invest €1bn in LNG terminal near Ravenna
Italian gas grid operator Snam has announced it will pour €1bn into the construction of a new offshore LNG terminal located near Ravenna off the country’s north-eastern coast.
Georgia's LNG imports from Russia up 43.1%
In the first ten months of 2023, Georgia saw a significant 43% increase in liquefied natural gas imports from Russia, totalling 47,800 tonnes, according to the Union of Oil Products Importers of Georgia.
LNG moves across Southeast Asia forecast to peak by 2040
A study by the Asia Research & Engagement group has predicted that Southeast Asia’s LNG investments are expected to reach their peak by 2040
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