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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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Egypt plans to sign 13-15 petroleum agreements in H2 2025
Egypt’s Ministry of Petroleum is preparing between 13 and 15 new petroleum concession agreements to be signed during H2 of 2025, Economy Plus reported on May 27.
Nearly 60 LNG vessels sitting idle as inefficient vessels head to scrapyard
The LNG sector is experiencing a significant uptick in vessels sent to scrapyards.
South Africa proposes buying LNG from US as part of bilateral trade deal
South Africa has offered to buy liquefied natural gas (LNG) from the United States over a 10-year period as part of proposals to secure a trade deal, according to a ministerial statement posted on the government news agency SA News' website.
Excelerate Energy sets sights on Vietnam as LNG hub for Southeast Asia
The announcement follows a series of agreements signed earlier this year aimed at boosting Vietnam’s LNG capacity.
US invites Japan, South Korea and Taiwan to Alaska for energy talks amid trade tensions
Donald Trump has long urged allies including Japan and South Korea to increase purchases of American energy, frequently tying these demands to tariffs and broader trade discussions.
BP signs 10-year LNG deal with China’s Zhejiang Energy
British supermajor BP has agreed to a 10-year LNG sales and purchase agreement with Zhejiang Energy.
Russian gas output could halve by 2040 under hard-to-recover fields are developed
The official warned that new fiscal incentives were needed to spur development of these hard-to-recover resources.
Egypt receives 14 offers to supply liquefied natural gas to up to three years
The state-owned Egyptian Natural Gas Holding Company (EGAS) has received 14 offers to supply liquefied natural gas (LNG) for periods ranging from 18 months to 3 years, Economy Plus reported on May 25.
POSCO unveils first LNG carrier in South Korea
POSCO Group, a major South Korean steel manufacturer, has taken a significant step into the energy sector with the launch of its first liquefied natural gas (LNG) carrier.
BLOG: Efforts to tackle methane emissions continue, despite Trump’s regulatory rollback
Momentum behind improved methane monitoring, quantification and mitigation continues to build in the US – even without the same regulatory pressure.
Russia's Amur region to ship 500,000 tpy of LNG to China
Russia’s Amur region intends to export up to 500,000 tonnes per year of LNG to China via road transport, the region’s governor Vasily Orlov said during the AmurExpo-2025 economic forum on May 25.
Egypt in talks to buy 40-60 shipments of LNG to meet high summer demand
The Egyptian government is in talks with international energy companies to purchase between 40 and 60 shipments of liquefied natural gas (LNG) and around 1mn tonnes of fuel oil to secure emergency fuel imports amid a worsening energy crisis.
Gas Malaysia launches nation’s first biomethane hub, targets break-even in seven years
Gas Malaysia Bhd has introduced Malaysia’s first centralised biomethane injection station, with operations slated to begin in the second half of 2025
Indonesian gas distributor PGN secures West Natuna gas for domestic market under new swap deal
State-owned gas distributor PT Perusahaan Gas Negara (PGN) has bolstered its domestic gas supply through two strategic deals with the West Natuna Group, backed by full government support
Advario, Braskem Idesa open $500mn ethane terminal in Mexico
Advario and Braskem Idesa inaugurated a $500mn ethane import terminal in Coatzacoalcos, Veracruz, completing key infrastructure to secure long-term feedstock supply for Mexico's petrochemical sector.
China’s Guangdong Pearl River strikes LNG deal with ConocoPhillips
China’s Guangdong Pearl River Investment Management Group has signed a 15-year LNG sale and purchase agreement with ConocoPhillips, with supply thought likely to be coming from the US.
Bumi Armada secures full control of Indonesia’s Kojo block in offshore expansion push
Bumi Armada Bhd has announced that its subsidiary, Armada Kojo BV, has secured a production sharing contract (PSC) with Indonesia’s Ministry of Energy to explore and develop the Kojo block in the Makassar Strait
Sanctioned Russian maritime major SovComFlot allowed not to pay dividends
The Russian government has instructed the Finance Ministry, Transport Ministry, and Federal Agency for State Property Management (RosImushchestvo) to exclude state-controlled maritime major SovComFlot from dividend payments on 2024 results.
EU adopts 17th sanctions package against Russia, targeting oil industry
The EU has adopted its 17th sanctions package against Russia on March 20, intensifying pressure on Moscow's oil and gas industry in particular.
Shares of South African helium, LNG producer Renergen surge on news of acquisition offer
Renergen, South Africa’s first integrated producer of liquefied helium and liquefied natural gas (LNG) saw its share price surging by more than 78% on May 20, following an announcement of its potential acquisition by ASP Isotopes.
Badak LNG and INPEX Masela forge LNG partnership to boost Indonesia’s gas sector
Badak LNG, has signed a Memorandum of Understanding (MoU) with INPEX Masela Ltd., the Indonesian arm of Japan’s INPEX Corporation, to explore strategic collaboration in advancing Indonesia’s liquefied natural gas
India's Petronet LNG posts highest-ever annual profit
India’s biggest LNG importer Petronet LNG has reported its highest-ever profit after tax (PAT) of INR39.26bn ($460mn) for the financial year ended March 31, 2025
Putin orders completion of pipeline to Murmansk by 2030
The Volkhov-Murmansk pipeline will not only provide gas supply to Russia’s far northern city of Murmansk and the surrounding order, but it will also play a critical role in providing gas feedstock for Novatek’s proposed Murmansk LNG plant.
Chinese firm eyes small-scale LNG plant in Russian Far East
A subsidiary of China’s Zhongyu Xinxing Energy Industry Corp. plans to construct a small-scale liquefied natural gas plant in Russia’s Khabarovsk region.
Novatek reportedly starts up Arctic LNG-2's second train
Russia’s Novatek has commissioned the second liquefaction train at its Arctic LNG-2 project, Reuters and Bloomberg reported on May 20, citing sources familiar with the development.
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