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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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JERA announces $32bn investment in LNG, renewables, and new fuels
Tokyo-headquartered JERA is earmarking 5 trillion yen for investment in LNG, renewable energy, and new fuels over the next 10 years.
Brazil’s Volkswagen idles three plants after flooding, LPG deliveries hampered
Floods in Brazil's Rio Grande do Sul state have severely impacted the distribution of liquefied petroleum gas, reducing supply by 7-10% in the affected area during the first two weeks of May.
Lula pushes new Petrobras CEO for faster refinery and gas investments
In a strategic shake-up, Brazilian President Luiz Inacio Lula da Silva has named Magda Chambriard as the new CEO of national oil company Petrobras, urging her to speed up investments in refinery and natural gas projects.
Brazil’s Enauta starts anchoring FPSO Atlanta in Santos Basin
Brazilian oil and gas producer Enauta has commenced anchoring operations for the floating production storage and offloading unit Atlanta in the Santos Basin, offshore Brazil.
Brazil’s 3R agrees to acquire Enauta for $1.2bn
3R Petroleum Oleo e Gas SA has agreed to purchase Enauta Participacoes SA in an all-stock transaction, marking a significant consolidation in Brazil’s oil industry.
Senegal making strides in advancing offshore oil and gas projects
The Senegalese national oil company Petrosen has said it expects to see first production from the country’s inaugural offshore oil development in the coming days. The Sangomar deepwater oilfield will produce 100,000 bpd of crude oil.
Morocco to invest $7bn in energy projects over coming three years
Moroccan Energy Minister Leila Benali has said the government plans to invest $7bn in the country’s energy network to add 9 GW to its installed capacity by 2027 to reach a total of 20 GW.
Panama Canal Authority eyes LNG transit boost amid drought recovery
Ricaurte Vásquez Morales, Administrator of the Panama Canal Authority, revealed plans to engage American liquefied natural gas producers to address transit demand as the crucial waterway emerges from an extended drought.
Petrobras introduces new gas contracts amid newly liberalised Brazilian market
Brazil’s national oil company (NOC) Petrobras has announced plans to introduce new types of natural gas contracts in Brazil's open market, featuring more flexible and competitive terms.
Tanzania’s mining sector is about to take off despite government interference
Tanzania is emerging as an important hub for the mining of green energy transition minerals in East Africa, despite the government taxing the sector heavily.
Australia launches Future Gas Strategy seeking balance for energy transition
The Australian government has released an energy strategy focused on using natural gas as a transition fuel as the country moves towards net zero by 2050.
Ecopetrol seeks U.S. sanctions waiver to import Venezuelan natural gas
Colombia's Ecopetrol SA is seeking a waiver from the US to import gas from Venezuela as the country battles a supply shortage.
Excelerate Energy reveals expansion plans with 12 new regasification projects
US LNG firm Excelerate Energy has ambitious expansion plans with the firm hoping to add 12 new regasification projects the company revealed during its first quarter earnings call.
Sempra could replace Bechtel for construction of Cameron LNG expansion project
US energy infrastructure firm Sempra is considering replacing construction firm Bechtel for the building of its Cameron LNG expansion project.
New Fortress Energy to deliver first cargo from Altamira FLNG in June
US LNG producer New Fortress Energy announced it will push back the start date for its Altamira FLNG facility to May and will aim to ship its first cargo in June.
Liquefaction train at Australia’s Gorgon LNG plant to remain offline for five weeks
Chevron’s Gorgon LNG plant will have one of its three liquefaction trains down for five weeks
Colombia’s Andes Energy Terminal progresses with feasibility study completed
Colombia’s Andes Energy Terminal, a planned LNG regasification facility and 400 MW power plant near the port city of Buenaventura on Colombia’s west coast, has taken a key step forward with the completion of a feasibility study on May 9.
Panama Canal seeks to increase transit volumes from US LNG producers
US LNG producers are seeking to increase volumes shipped through the Panama Canal and are currently in the midst of negotiations with the canal’s authorities to secure additional slots.
India’s Hindustan Petroleum to start operations at Chhara LNG terminal in October 2024
India’s state owned Hindustan Petroleum Corp. (HPCL) is set to launch its 5mn tonnd per year Chhara LNG import terminal by October, following a series of delays
Argentine natural gas industry seeking shipping alternatives to boost exports to Brazil
Argentina's natural gas industry is exploring alternative shipping routes to boost exports to Brazil from the Vaca Muerta shale formation in Patagonia, with Paraguay emerging as a potential new market.
Novatek to use domestic gas turbines at Arctic LNG-2
Russia’s Novatek plans to use domestically-produced gas turbines to power the Arctic LNG-2 terminal, following the failure of a Chinese supplier to provide the units on time.
EU turning a blind eye to Russian LNG flowing through its terminals
Europe has been turning a blind eye to a fifth of Russia’s LNG output that is flowing through EU ports, either to be consumed by member states or sent on to customers around the world, in what is a lucrative trade for the Kremlin.
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