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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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Bangladesh’s spot LNG purchases rise on power demand
Spot LNG imports to Bangladesh have surged within just three months of the interim administration led by Muhammad Yunus.
Shell rumoured to be considering investment in Argentinian LNG project
Supermajor Shell is being tabbed as a new potential partner in Argentina’s huge LNG export terminal to be built in Patagonia.
US LNG industry braces for uncertainty in months ahead of Trump’s inauguration
President-elect Donald Trump’s vow to end the pause on LNG export approvals as a day one priority could prove to be a difficult promise to keep.
Trafigura inks 13-year gas offtake deal with NuVista
NuVista Energy, which produces natural gas from the Alberta’s Montney formation, will provide commodities trading company Trafigura with 21,000mn British thermal units per day of gas.
Investors sue New Fortress Energy alleging violation of securities laws
A class action lawsuit has been filed by investors against US firm New Fortress Energy (NFE), accusing the company of misrepresenting facts concerning its Fast LNG projects located offshore Altamira, Mexico.
Toyo Engineering India to increase New Delhi’s LNG import capacity at Dahej, with completion scheduled for 2027
Toyo Engineering India, the Indian arm of Japan’s Toyo Engineering Corp., has secured an order from India’s Petronet LNG Ltd to build the topside facilities for a third jetty at the LNG receiving terminal in Dahej, Gujarat.
Bangladesh interim government takes steps to ease gas problems
The interim government in Bangladesh, led by Nobel Prize laureate Muhammad Yunus, is taking steps to address the numerous problems faced by the country’s energy industry.
YPF in talks with global oil majors to become partners in LNG export project
Argentina's national oil company YPF is seeking new equity partners for its LNG export project amid uncertainty over Petronas's continued involvement, CEO Horacio Marin revealed.
France top Russian fossil fuel importer in the EU in Oct
France emerged as the top importer in the EU of Russian fossil fuels in October, the Finland-based Centre for Energy and Clean Air Research (CREA) reported on November 8.
Europe can offset loss of Russian gas transit via Ukraine with LNG: Snam CEO
Europe can offset the potential loss of Russian gas supplies via Ukraine with increased LNG imports, the head of Italian gas grid operator Snam said during a post-result conference call on November 7
Second small-scale LNG project announced in Kazakhstan
Dubai-based Silk Way Energy plans to build a small-scale LNG plant in Kazakhstan’s southeast Zhetysu region.
ADNOC Gas acquires majority stake in Ruwais LNG plant from ADNOC
ADNOC Gas has agreed to purchase a 60% stake in the United Arab Emirates’ Ruwais LNG plant from its parent company ADNOC.
Six firms linked to financing of Vietnam’s $521.5mn LNG-to-power projects
Norton Rose Fulbright, VILAF, YKVN, Kim & Chang, Bär & Karrer, and Pinsent Masons have reportedly advised on the ongoing $521.5mn financing of a crucial LNG-to-power project in Vietnam.
EC President von der Leyen suggests buying more LNG from US
As Europe scrambles to contain the potential damage to economic ties with the US following the re-election of Donald Trump, European Commission President Ursula von der Leyen suggested one way of smoothing relations is to buy more US LNG.
QatarEnergy moves to expand fleet, exploration and services
QatarEnergy has received four new LNG vessels as part of a massive fleet expansion programme. In the upstream, the company has acquired a stake in acreage offshore Egypt.
Panama to strip registration from sanctioned LNG vessels tied to Russian gas
Panama's Maritime Authority has initiated deregistration procedures for four liquefied natural gas (LNG) vessels recently sanctioned by US authorities over connections to Russian energy firm Novatek.
AI takes centre stage at ADIPEC
The conference, where almost 200,000 participants gathered, featured a series of sessions dedicated to the technology, as well as a special AI zone, where various AI-related energy solutions and initiatives were presented.
Angola affirms its position as oil and gas heavyweight with pipeline of projects announced at AEW2024
NorthAmOil: Biden administration asks court to block request to lift LNG exports pause
Biden administration asks court to block request to lift LNG exports pause
The Biden administration has requested a US Court of Appeals to throw out an order for the US Department of Energy to remove its pause of issuing export approvals for new LNG projects.
Senegal to begin LNG exports in early 2024 as Greater Tortue Ahmeyim project comes online
Senegal plans to begin exporting LNG early in 2025, a significant milestone for the West African nation’s energy sector.
Reports highlight Guyana’s growing oil dominance, LNG potential
Two newly released reports have pointed to Guyana’s growing oil dominance, as well as to its potential to become an LNG exporter as well.
Indian Gas Exchange reports 160% month-on-month jump in trade volume in October
The Indian Gas Exchange (IGX) reported trading 201mn standard cubic meters (mmscm) of gas in October, marking a 160% increase month-on-month, it announced on November 6.
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