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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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Colombia's strategy to import Qatari gas faces economic and logistical hurdles
President Gustavo Petro has directed Ecopetrol to import natural gas from Qatar to diversify suppliers and reduce consumer prices.
Azerbaijan and North Macedonia strengthen energy cooperation
Azerbaijan and North Macedonia have reinforced their growing partnership, with a particular focus on energy cooperation, as Presidents Ilham Aliyev and Gordana Siljanovska-Davkova met to discuss various areas of collaboration.
Rising construction costs push US LNG producers to renegotiate deals
A handful of US LNG producers are seeking to renegotiate higher prices with purchasers as they grapple with increasing construction costs.
Trump administration seeks to halt SPR sales, build Alaska pipeline to boost LNG exports
The Trump administration plans to work with the US Congress to halt mandated sales from the Strategic Petroleum Reserve to address its low stockpile, US Energy Secretary Chris Wright said on 10 March at the CERAWeek oil and gas conference.
Brazil's Petrobras confirms major gas find offshore Colombia
Brazil's state-controlled oil company, Petrobras, has verified a substantial natural gas discovery off Colombia's Caribbean coast.
Colombian gas market faces challenges amid import plans
President Gustavo Petro has announced that Ecopetrol will import natural gas directly from Qatar to mitigate domestic price speculation.
GECF bullish on natural gas as "integral" to energy mix for decades to come
“We are convinced now more than ever that natural gas is not just a bridge to the future. It is an integral part of the future,” GECF Secretary General Mohamed Hamel said.
Shell gets environmental greenlight for work at Australia's Crux gas project
The project will help maintain the current liquefaction level at Prelude LNG for longer.
Indonesia plans $12.5bn refinery with 530,000 bpd refinery, plus small-scale LNG
The government has announced its intention to build a new refinery, and there are also plans to develop a small-scale domestic LNG distribution facility that will fuel power generation plants
India working on increasing supply of gas to gas-based power plants
The Indian government is working to increase the gas supply to gas-based power plants as these plants operate at very low plant load factor (PLF), minister of state for petroleum and natural gas Suresh Gopi said in the parliament on March 10
Brazil's Petrobras confirms significant gas potential in Colombian waters
Brazilian energy company Petrobras has reported positive outcomes from a drill stem test (DST) conducted at the Sirius-2 well, located offshore Colombia, indicating substantial natural gas potential in the region.
Cambodia's LNG plans face energy security, cost challenges
Cambodia’s plans to develop liquefied natural gas (LNG)-fired power generation face significant challenges related to energy security, affordability, and long-term sustainability.
ADNOC explores US gas assets amid strategic expansion
ADNOC is pursuing acquisitions of gas production assets in the US to bolster its presence in the American energy sector
Venture Global to invest $18 billion to expand Plaquemines LNG
US LNG producer Venture Global will increase the nameplate capacity of its Plaquemines LNG facility to 45mn tonnes per year.
Poland’s Orlen signs deal to supply Ukraine with LNG
The LNG will be transported from cargoes delivered to the LNG import terminal located in Klaipeda, Lithuania. The super-chilled fuel will then be transported through Lithuania and Poland before it reaches Ukraine via the Drozdovychi interconnector.
US Venture Global suffers stock freefall after fourth-quarter revenue miss
US LNG producer Venture Global saw its stock tumble by 36% on March 6 after missing fourth-quarter revenue targets.
Golden Pass LNG receives US export extension
QatarEnergy and ExxonMobil’s joint venture Golden Pass LNG has been granted an extension for its permit for exports to begin.
Vietnam to increase US imports liquefied gas, machinery imports amid trade imbalance concerns
Vietnam will boost imports of liquefied gas, fuel, machinery, and technology from the United States to help address trade imbalances between the two countries, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said on March 5.
Indian Gas Exchange reports 27% jump in February trading volume
During the month Indian Gas Exchange traded 196 mmscm gas volume, higher by 27% year-on-year, IGX said in a press release.
Colombia's Ecopetrol enhances regasification capacity amid impending gas shortfall
Colombia's state-owned oil and gas company, Ecopetrol, has awarded a contract to local firm Puertos, Inversiones y Obras (PIO) to deliver regasification services along the nation's Pacific Coast.
South Korea expresses interest in Alaska LNG project
South Korea has become the latest Asian country to indicate interest in the US’s long-stalled Alaska LNG project.
Inpex says demand exceeds output for Abadi LNG project
Japan’s largest oil and gas developer Inpex says demand among potential buyers exceeds current output for its Indonesian Abadi LNG project.
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