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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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Hungary revisits prospect of importing Turkmen gas but obstacles are many
Hungary is revisiting the prospect of importing natural gas from Turkmenistan but the lack of infrastructure to make that plausible remains a big obstacle.
Laos opens new fuel route via Vietnam
Laos has opened a new fuel import route through Vietnam to improve energy security and ensure stable fuel supplies for its northern provinces
EU prepares for winter of heavy US LNG reliance
The EU is preparing for a winter of heavier dependence on US LNG as pipeline flows from Russia and Algeria weaken and storage levels remain under pressure.
Russian LNG exports to EU down 7% in 9M
New Zealand government to introduce LNG imports in a bid to bolster energy security
The government’s energy package, announced in late September, includes a formal procurement process for an LNG import terminal, set to be the first such facility in New Zealand’s history.
Pakistan pivots away from LNG
Rising LNG prices have led Pakistan to shift away from LNG.
Canada pumps the brakes on Quebec LNG project
Canadian officials have cooled on proposed plans for an LNG plant in Quebec.
Russia’s Arctic LNG 2 raises production to record high
Russia’s heavily-sanctioned Arctic LNG 2 facility has increased production to record levels.
LNG Canada expected to start second liquefaction train soon
LNG Canada is preparing to begin start-up of its second liquefaction train, a spokesperson for the Shell-led facility.
Shell doubles down on LNG predicting demand to rise by 60% by 2040
CEO predicts LNG’s role as a transition fuel will grow and comprise 20% of global natural gas sales by 2040.
Mexico tightens safety rules for LP gas transport, distribution
Mexican Energy Secretary Luz Elena González presented on October 2 two regulations aimed at strengthening industrial and operational safety in LP gas transport and distribution to reduce risks to citizens and the environment, Prensa Latina reported.
Iraq orders LNG terminal from US company as it seeks to cut reliance on Iranian gas imports
US company Excelerate Energy has received a letter of intent from Iraq's government on developing an integrated floating terminal for liquefied natural gas (LNG) imports, the company announced on October 2, Interfax reported.
Tanzania pushes for $42bn LNG deal with Shell, Equinor by end-2025 after decades of delays
Tanzania is pressing ahead with plans to conclude a $42bn LNG deal by end-2025, targeting output of up to 10mn tonnes annually, drawing on offshore reserves operated by Shell (UK, Blocks 1 & 4) and Equinor (Norway, Block 2).
MidOcean to buy 20% stake in Petronas’ Canadian operations
MidOcean Energy has agreed to acquire a 20% interest in what it describes as Petronas’ “key” businesses in Canada.
Petronas Gas to restructure operations, separate regulated and non-regulated units
Petronas Gas Bhd will overhaul its corporate structure to separate regulated and non-regulated businesses, a move aimed at enhancing transparency, sharpening strategic focus, and allowing greater capital flexibility
Thailand extends Mae Moh coal plant operations despite pollution concerns
Thailand has decided to extend the lifespan of several coal-fired units at the Mae Moh power plant in Lampang, sparking anger among local residents who have endured decades of pollution-related health problems
Poland tops EU gas storage at 100%
Poland’s underground gas reserves have reached full capacity, Energy Minister Miłosz Motyka said on September 24.
Equatorial Guinea, Chevron sign $690mn gas agreement for Aseng field
Equatorial Guinea has signed a $690mn agreement with Chevron to develop the Aseng Gas Project in Block I, aiming to secure feedstock for the Punta Europa LNG hub and advance the Gas Mega Hub initiative.
Equatorial Guinea signs ConocoPhillips HoA for offshore gas blocks, eyes $9bn investment
Equatorial Guinea has signed a preliminary deal with ConocoPhillips to develop offshore gas Blocks B/4 and EG-2 that aims to boost feedstock for the Punta Europa LNG hub and revive output.
BP forecasts global LNG exports to increase through 2035
Supermajor BP expects LNG demand to climb to 900bn cubic metres by 2035, the British energy company predicted in its Energy Outlook.
Vietnam pushes ahead with LNG development
Vietnam’s leading private conglomerate, Vingroup, has officially commenced construction of the Hai Phong LNG Power Plant, the largest project of its kind in the country, with an investment of VND178 trillion ($6.7bn)
EU demands Cyprus repay €67 million for troubled LNG project
The European Union has ordered that Cyprus repay the bloc EUR 67mn ($78mn) for grants given to build an LNG import terminal at Vasiliko in the country’s east/
TotalEnergies inks Heads of Agreement LNG deal with Hyundai Chemical
French supermajor TotalEnergies signed a Heads of Agreement with South Korea’s Hyundai Chemical.
ADNOC’s subsidiary XRG acquires stake in Rio Grande LNG project in Texas
The United Arab Emirates’ state-run oil and gas company ADNOC announced that its investment vehicle XRG has closed its acquisition of an equity stake in NextDecade’s Rio Grande LNG project located in Brownsville, Texas.
Russia’s Arctic LNG 2 plant appears to load first cargo at second train
Satellite images reveal a tanker docked at the sanctioned plant’s second production unit which began producing LNG in May.
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