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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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New US oil sanctions, attack on Turkstream shake up global energy markets
The Biden administration imposed the harshest ever oil sanctions ever on Russia on January 10, which immediately roiled the international energy markets. Kyiv's attempt to destroy Russia's last gas pipeline to Europe unsettled markets further.
Vietnam’s PM calls for operational LNG power plants by June
In recent months Vietnam has faced a number of delays in the development of its LNG projects, prompting Prime Minister Pham Minh Chinh to call for accelerated efforts to bring these initiatives into commercial operation.
Ten EU members call for ban on Russian pipeline gas and LNG
Ten member states of the European Union have prepared a document asking the bloc to ban imports of Russian pipeline gas and LNG.
Australia’s ACCC reports future domestic gas supply faces decline, urges more investment
Despite its thriving gas industry and huge gas resources, Australia’s consumer watchdog has reported that the populated east coast could be facing gas shortages later this decade.
Venture Global to begin pitching investors for $110bn IPO valuation
US LNG developer Venture Global is set to commence pitching investors for its long rumoured initial public offering.
Glenfarne’s Alaska LNG project takes key step forward
Glenfarne’s $44bn Alaska LNG project has moved closer to fruition after the Alaska Gasline Development Corporation agreed to enter an exclusive partnership with the firm to develop the project.
Malaysia and Japan strengthen energy and regional cooperation
Malaysia and Japan have announced a collaboration on green energy initiatives, focusing on carbon capture and hydrogen technology, as part of Tokyo's efforts to expand its influence in Southeast Asia amidst China's growing economic dominance
ADNOC Gas hands out contracts for Ruwais LNG
A raft of contract awards was announced to support the development of the UAE’s key new gas export facility
“Farewell” Biden sanctions aim at Russian oil majors Surgut and Gazprom Neft
The US Department of Treasury’s OFAC on January 10 sanctioned Russian “oil dinosaur” SurgutNefteGas (Surgut or SurgutNG) and Gazprom Neft, the oil arm of natural gas giant Gazprom, along with 183 shadow fleet tanker transporting Russian oil.
Industry leaders call for extension of Indonesia’s natural gas subsidy
Facing stiff competition from China and India, Indonesian industry leaders are urging the government to extend its subsidised natural gas pricing policy, the HGBT programme, beyond its expiration on December 31, 2024
Severe gas crisis looms in Bangladesh as LNG import terminal shuts down for maintenance
Consumers in Bangladesh are expected to face a severe gas crisis as one of the two floating LNG terminals will be shut down for maintenance starting January 10
Trump’s advisers push for patience in lifting LNG approvals ban
President-elect Donald Trump is being cautioned by his advisors against attempting to restart LNG approval permits too quickly.
GLNG: Shell lowers LNG estimates for fourth quarter of 2024
EU imports of LNG from Russia hit record high in 2024
Europe’s addiction to Russian LNG continued in 2024, with the EU purchasing a record 17.8mn tonnes of the super-chilled fuel from Russia.
Challenger Energy set for major moves in Uruguay and beyond in 2025
Challenger Energy is positioning itself for a busy 2025 with key decisions expected on its offshore assets in Uruguay, Trinidad and The Bahamas.
Bolivia's YPFB targets Brazil to boost gas sales after Argentina pullback
YPFB is negotiating new gas contracts with Brazilian clients, aiming to maximise the value of Bolivian natural gas exports for the 2025-2027 period.
Equinor’s Hammerfest LNG plant shutdown extended by 10 days
Norwegian state-owned energy firm Equinor has extended the shutdown of its Hammerfest LNG facility by 10 days to last until January 19.
Shell lowers LNG estimates for fourth quarter of 2024
Supermajor Shell has lowered its forecast for LNG production in the fourth quarter of 2024, the company revealed in its update note.
Oman LNG sends first cargo to Shell under 10-year deal
Oman LNG has successfully loaded the first cargo of LNG purchased by Shell under a 10-year offtake agreement.
Bangladesh to buy rice from India, LNG from US
The Bangladesh government has approved the import of 50,000 tonnes of non-basmati parboiled rice from India and a shipment of liquefied natural gas (LNG) from the United States.
Qatar dismisses reports on revival of “piped gas for Europe” via Syria and Turkey project as pure “speculation”
Incoming US President Trump insists that EU buy more US LNG
Trump is keen to export more gas and oil, especially to Europe where a stoppage in Russian gas flows could be filled with US LNG.
Bolivia's gas reserves run dry, energy crisis looms
Bolivia is facing a critical energy dilemma, with gas reserves plummeting to half of what they were in 2018.
BP announces first gas flow at Greater Tortue Ahmeyim LNG project offshore Mauritania, Senegal
British energy supermajor BP has begun flowing gas from the Greater Tortue Ahmeyim (GTA) Phase 1 liquefied natural gas (LNG) project offshore Senegal and Mauritania.
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