GLNG - Global LNG

Russian gas company revenues set to more than halve in 2023

Russian natural gas companies could see their revenues plummet by over half in 2023 compared with the previous year, according to findings released on August 7 by Russian consulting firm Yakov and Partners.

Asian demand for LNG highest in six months in July as demand in Europe declines

Driftwood LNG’s supply deal with Gunvor terminated

A 10-year LNG supply agreement between Driftwood LNG, the subsidiary of US LNG developer Tellurian, and Gunvor Singapore Pte Ltd has been annulled, according to a filing by Tellurian to the US Securities and Exchange Commission on August 1.

GLNG: Japan’s LNG imports set to fall with relaunch of nuclear reactors

Japan’s LNG imports set to fall with relaunch of nuclear reactors

LNG imports by the world’s top buyer are set to drop in 2023 as Japan reboots nuclear reactors in order to address its energy shortage Reuters reported on August 3.

Gazprom subsidiary sues UniCredit over delayed Ust-Luga LNG project

RusKhimAlyans, a 50:50 JV between state-owned Gazprom and a private firm called RusGazDobycha, has filed a RUB45.7bn ($472mn) lawsuit against Italy’s UniCredit over its failure to fulfil obligations as guarantor of the Ust-Luga LNG project.

German Baltic Sea LNG terminal sued by environmental group

German Baltic Sea LNG terminal, which is privately operated by Deutsche ReGas, has been sued by a German environmental group, Reuters reported on August 8.

Peru LNG reports export volumes down more than 55% in July

Peru LNG saw its LNG export volumes sink by more than 55% month on month in July 2023.

BP closes in on launch of third liquefaction train at Tangguh facility in Indonesia

UK-headquartered energy firm BP has revealed that it will be launching the third liquefaction train at the Tangguh LNG terminal in West Papua, Indonesia LNG Prime reported on August 2.

South Korea bearing the brunt of an LNG carrier construction boom

LNG and oil tanker construction in East Asia is booming. From ground-breaking deals for Bangladesh to a 40-vessel order for Qatari clients, East Asia is unrivalled in carrier construction.

Manila seems bent on renewables, but LNG still has a role to play

Domestically the Philippines is home to just two LNG projects, with the first LNG cargo the nation has ever received arriving to much aplomb in April at the Atlantic, Gulf & Pacific (AG&P) terminal in Batangas.

Inpex project in Indonesia’s Arafura Sea moves forward after Shell pulls out

Mexico Pacific signs 20-year contract with ConocoPhillips for natural gas supply

Mexico Pacific has signed a 20-year sales and purchase agreement to supply liquefied natural gas (LNG) to US energy major ConocoPhillips, the Mexican LNG developer said on 3 August.

GLNG: Alaska LNG faces hurdle after Japan and South Korea reject proposed project

Alaska LNG faces hurdle after Japan and South Korea reject proposed project

The US’s proposed Alaska LNG project has hit a major road bump with Japan and South Korea declaring they will neither invest in or sign contracts to purchase LNG from the project, The Wall Street Journal reported on July 25.

BP vows to defend its rights in arbitration case against Venture Global

BP has declared it will defend its rights “to the absolute fullest” in its arbitration case brought against Venture Global LNG for failing to deliver contracted cargoes, BP’s chief executive officer, Bernard Looney, told Reuters on August 1.

Bio-LNG now possible in over 60 ports

The green LNG bunkering market has grown with bio-LNG now available in almost 70 international ports, including key shipping hubs such as Singapore and Rotterdam according to an analysis released by SEA-LNG on July 27.

India’s Petronet seeks LNG extension deal with Qatar at lower prices

India’s state-owned LNG company Petronet LNG will attempt to extend with Qatar its long-term gas import deal at lower prices than the Gulf country offered China and Bangladesh in recent deals, Reuters reported on July 31.

Yamal LNG output slumps in June

Natural gas production at the Yamal LNG project in June slumped by 35% year on year to nearly 2bn cubic metres, the Moscow-based Vedomosti newspaper reported on August 3, citing sources in the Russian energy ministry.

Dragon deal delayed as Venezuela digs in

Port of Spain is keen to push the Dragon gas development project forward, but little progress is likely in the short run because of Caracas’ insistence on favourable terms.

US LNG exports climb in July after completion of maintenance works

The US has recorded a 9% rise in LNG exports in July compared to June, Reuters reported on August 2 citing preliminary data from Refinitiv Eikon.

BP says GTA’s start date for gas production has been pushed back to Q1 2024

BP (UK) has postponed the start-up of natural gas production at the Greater Tortue/Ahmeyim (GTA) block, located offshore Mauritania and Senegal.

Mozambique LNG still negotiating costs with contracts, TotalEnergies CEO confirms

Patrick Pouyanne, the CEO of TotalEnergies, confirms that his company is still negotiating with contractors on construction costs for the Mozambique LNG project.

Venture Global LNG’s Calcasieu Pass 2 receives final environmental approval

Venture Global LNG’s Calcasieu Pass 2 (CP2) project received environmental approval from the US Federal Energy Regulatory Commission on July 28, Reuters reports.

BP signs 10-year deal with OMV to supply LNG

British oil and gas major BP and Austria’s OMV agreed to a long-term sale and purchase agreement for LNG, the two companies announced on July 28.