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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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major power companies, investment banks, consultancies, government agencies, law firms, accountancies, academics and economists. Its scope includes news and intelligence, broken down by geographic area to include Africa, Asia, the Americas, Europe and the Middle East.
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Takeover deal for LNGL collapses, putting company in danger
A planned takeover deal for Australia-headquartered LNG Ltd (LNGL) has collapsed, after the buyer, LNG9, failed to secure financing for the transaction and withdrew its bid.
Oil plunges again after IEA paints bleak picture
Grand Tortue/Ahmeyim project falls behind schedule
BP is reportedly set to delay work at Grand Tortue/Ahmeyim, an offshore block that straddles the maritime border between Senegal and Mauritania, by about a year.
Peru LNG reports exports up in March
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes increase year on year in February.
Novatek overseas sales slump in Q1
Höegh LNG takes steps to mitigate against market conditions
Höegh LNG Holdings announced this week that it was taking steps to preserve liquidity and reduce costs in the uncertain business environment created by the coronavirus (COVID-19) pandemic.
Shell delays FID on Crux project in Australia
Royal Dutch Shell announced on April 7 that alongside its joint venture partners it had agreed to postpone a final investment decision (FID) on the proposed Crux gas project offshore Australia.
PGNiG starts small-scale LNG operations in Lithuania
Poland’s PGNiG has sold its first two LNG cargoes from the reloading station in Klaipeda, Lithuania, which it started using on April 1.
Total agrees to charter LNG-fuelled VLCCs
France’s Total has signed an agreement to charter its first LNG-powered super-tankers, known as very large crude carriers (VLCCs).
KOGAS reportedly asks certain suppliers to defer LNG shipments
Korea Gas (KOGAS), one of the world’s leading buyers of LNG, has reportedly asked some of its suppliers to defer shipments of the fuel as the coronavirus (COVID-19) pandemic continues to depress demand.
ExxonMobil delays FID on Rovuma LNG
Super-major ExxonMobil has announced that it is pushing back a final investment decision on the proposed Rovuma LNG project in Mozambique.
Unprecedented challenges after a boom year
The LNG market grew by 13% in 2019, according to a new report, but now faces unprecedented challenges as suppliers look ahead to the coming months.
Woodside steps up pursuit of hydrogen export goals
Australian oil and gas developer Woodside Petroleum has unveiled the next step in its ongoing development of a hydrogen export strategy.
Cryopeak begins construction on small-scale LNG facility
Canada’s Cryopeak LNG Solutions has started construction on a small-scale LNG facility in Fort Nelson, British Columbia.
US LNG exports to China resuming thanks to tax waivers
Shipments of US LNG to China are resuming after Beijing has reportedly started granting tax waivers to certain importers of the super-chilled fuel.
Yantai LNG, the largest LNG terminal in northern China, approved by China’s National Development and Reform Commission
The National Development and Reform Commission of China officially approved the construction of the largest LNG receiving terminal in northern China, the Yantai LNG terminal in March that will be the largest of its kind in the country.
Russia ups gas targets for 2035
Trump signals Russia-Saudi truce
Report: LNG demand to grow 6% but market remains unpredictable
Consultancy Wood Mackenzie expects LNG demand to continue growing this year, but has warned that this number will need to be revised as the effects of the coronavirus (COVID-19) pandemic become clearer.
Höegh applies for Cypriot LNG import licence
Höegh LNG has applied for an LNG infrastructure ownership, operations and development licence in Cyprus, under which it would supply a floating storage and regasification unit to the country.
Woodside postpones FIDs on LNG projects amid downturn
Australia's Woodside Petroleum is postponing final investment decisions on three LNG projects – the Scarborough offshore gas development, Browse LNG and Train 2 at the existing Pluto LNG facility.
Pavilion calls for industry standard on GHG emissions
Singapore’s Pavilion Energy is asking potential suppliers to work on developing an industry standard for greenhouse gas emissions from LNG.
AEMO warns of gas supply shortfalls
Australia’s East Coast gas market is on track to experience natural gas shortages within the next five or so years, a new report by the Australian Energy Market Operator (AEMO) has warned.
Cheniere seeks regulatory approval to start Midship pipeline
US LNG producer Cheniere Energy has filed a request with federal regulators to begin service on its newly completed Midship pipeline from Oklahoma’s Anadarko Basin.
UK LNG imports up in 2019
UK imports of LNG more than doubled in 2019, reaching 200 terawatt hours (18.7bn cubic metres), preliminary government data have shown.
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