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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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Thailand’s Bangchak opens nation’s first LNG station
In a pioneering move for the Kingdom, Thailand's energy giant, Bangchak, has inaugurated the nation's inaugural LNG refueling station for regular vehicles.
GLNG: Venture Global asks FERC for authorisation to commence part of Calcasieu LNG plant
Venture Global asks FERC for authorisation to commence part of Calcasieu LNG plant
US LNG producer Venture Global has requested authorisation from the Federal Energy Regulatory Commission to begin service of liquefaction blocks 7-9 at Calcasieu Pass LNG terminal in a filing made on October 10.
QatarEnergy and Shell sign deals to supply LNG to Netherlands
State-owned QatarEnergy and IOC partner Shell this week signed two long-term sale and purchase agreements to supply up to 3.5mn tonnes per year of LNG from Qatar to the Netherlands.
Indonesia's Masela LNG project future uncertain as hybrid approach is considered
The Indonesian Energy and Mineral Resources Minister, Arifin Tasrif, has ignited speculation surrounding the future of the Masela liquefied natural gas project by suggesting a shift toward a hybrid offshore and onshore development system.
Trinidad and Tobago reportedly expects Atlantic LNG to sign restructuring agreement in November
Shareholders in the Atlantic LNG plant are reportedly on track to sign a restructuring agreement in London next month.
Iran calls for industrial investment in natural gas storage
The National Iranian Gas Co. (NIGC) has called on large industries to invest in the aboveground storage of natural gas, as the country seeks to improve its ability to manage and respond to fluctuations in energy demand effectively.
IEA declares end to "Golden Age of Gas"
The energy crisis triggered by Russia’s invasion of Ukraine effectively marks the end of the 10-year Golden Age of Gas, the International Energy Agency said in its medium-term gas market report this month.
Iran opens largest privately built refinery
Iran on October 13 brought on stream its largest privately built refinery in the southern city of Mohr, Fars Province.
Iran claims biggest onshore natural gas field in south
Iran has discovered a natural gas field estimated to contain 22 trillion cubic feet of gas (more than 620bn cubic metres), Oil Minister Javad Owji said.
Iran can become regional ‘energy hub,’ says oil minister
Iran is seeking to become a regional “energy hub,” linking regional oil and gas suppliers to customers in Asia and Europe, Iranian oil Minister Javad Owji said.
Iran’s oil output surpasses 5-year record of 3.3mn bpd, minister says
Iranian Oil Minister Javad Owji said the country’s daily crude production has topped 3.3mn barrels despite US crippling sanctions.
Iran’s gas hub initiative a pipedream if challenges remain unaddressed
Iran, which has the world's second-largest natural gas reserves, is seeking to become a “gas hub” in co-operation with neighbouring countries; this is an ambitious goal that faces many challenges.
Gazprom opposes liberalisation of Russian LNG exports
Russia’s Gazprom has said it opposes the liberalisation of the country’s LNG export industry, in an apparent move to defend its leading position in the space, the Moscow-based Vedomosti newspaper reported on October 10.
Global LNG supply diversification sought by Japan as Russia-Ukraine conflict drags on
Amid the ongoing Russian-Ukraine conflict Japanese LNG traders are actively looking for alternative sources in regions like Qatar, Indonesia and beyond.
Middle East instability threatens regional LNG exports
The ongoing conflict between Hamas and Israel is casting a shadow over Israel's natural gas exports, but the broader concern in the global natural gas market hinges on the potential for the conflict to escalate further.
Iran eyes Persian Gulf ‘gas hub’ with Russia
Iranian Oil Minister Javad Owji called for the establishment of a “gas hub” along the country’s Persian Gulf coast in collaboration with Russia.
Will Brazil boost gas imports again in response to drought?
Rain shortages in northern Brazil have led the government to stockpile fuel for diesel generators.
Tellurian seeks extension to complete Louisiana LNG plant
LNG developer Tellurian is seeking a three-year extension for completing its Driftwood LNG plant in Louisiana.
Delfin gets four-year extension for LNG port facilities
Delfin LNG has more time to complete the first phase of its Gulf of Mexico export plant. FERC extended until September 28, 2027 the amount of time Delfin has to put into service the onshore portion of its proposed floating export facility.
Italian oil supermajor Eni set to greenlight new LNG project in Mozambique by mid-2024
A group of international oil companies that is producing liquefied natural gas in Mozambique for export hopes to sanction its second project in the country by end of June 2024.
QatarEnergy signs 27-year LNG supply deal with TotalEnergies
QatarEnergy sealed its longest LNG supply deal with a European company on October 11, when it signed a 27-year agreement with France’s TotalEnergies.
Russian energy ministry predicts 50% growth in LNG exports in 2024
Russian LNG production should grow by 50% in 2024 versus the level in 2022, according to energy ministry forecasts. But analysts doubt that this is realistic, noting that a lot depends on how quickly Novatek’s Arctic LNG-2 plant expands its capacity.
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