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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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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.
Sinopec in talks for stake in Canada’s Cedar LNG
China’s state-owned oil, gas and petrochemical giant Sinopec is reported by Reuters to be negotiating for an equity stake and an offtake agreement for LNG at the planned Cedar LNG facility in Kitimat, British Columbia.
Vietnam's billion-dollar LNG power plants face delays, risk daily losses
Vietnam's ambitious plan for its first liquefied natural gas power plants, Nhon Trach 3 and 4, is facing significant delays, threatening daily losses of $550,000 due to missed revenue and interest payments
Vietnam's Cai Mep LNG terminal gears up for September launch
AG&P LNG, a subsidiary of Nebula Energy, and its partner Hai Linh Co., Ltd., have initiated the commissioning phase of the Cai Mep LNG Terminal in Vietnam.
Turkey signs LNG deal with US supermajor ExxonMobil placing question mark over Russian gas supplies
Ankara has ambition to make country an energy supply powerhouse based on re-exports.
UAE’s ADNOC and Germany’s EnBW forge 15-year LNG pact
Abu Dhabi National Oil Company and Germany’s EnBW Energie Baden-Württemberg AG have sealed a 15-year agreement for the delivery of 0.6mn metric tonnes per annum of LNG
Cyprus seeks timetable from Chevron for Aphrodite development, talks with Eni move ahead
Cyprus expects to launch offshore gas production in 2027. Whether that will be from Aphrodite or another field is unclear.
ExxonMobil optimistic of FID for Mozambique’s Rovuma LNG by end of 2025
ExxonMobil vowed it will continue to move forward with its Rovuma LNG project in Mozambique with a company official stating that it is “optimistic” it will be able to reach a positive final investment decision by the end of 2025.
EU proposes sanctions on trans-shipment of Russian LNG
The European Union is considering placing its first sanctions on Russian LNG.
India’s Chhara LNG import terminal pushes back commissioning
Hindustan Petroleum, a unit of India’s state-run Oil and Natural Gas Corporation has reportedly suffered a setback in its commissioning of the Chhara LNG import terminal located in the northwestern state of Gujarat.
Thailand unveils measures to ease energy cost burden on consumers
Thailand's Prime Minister, Srettha Thavisin, announced a series of cabinet-approved measures aimed at mitigating the rising energy costs impacting Thai citizens.
Japan eyes Southeast Asian LNG potential
Japanese companies are ramping up their LNG business in Southeast Asia to help counter a decline in their domestic market, but also to aid in the region's shift towards LNG and the anticipated surge in demand this is expected to bring
Argentine provincial governments agree to expansion of Andean gas pipeline
On Friday, May 3, the Argentine National Energy Secretariat and the governments of the provinces of Neuquén, Río Negro, and Chubut signed a framework agreement for the expansion of the Andean gas pipeline.
What do EU methane rules mean for global gas suppliers?
There is particular complexity in how the rules will be applied for US LNG exports, as exporters often do not produce the gas that they supply globally, and lack the data on emissions upstream.
Shell profits beat forecasts in Q1 on strong LNG, oil trading performance
Profits at Shell came in better than expected in the first quarter, on the back of strong performance at its LNG and oil product businesses.
EU LNG imports down 8% in January-April: GIE
EU LNG imports were down 8% year on year in January to April at 40.8bn cubic metres, coinciding with a climb in Russian pipeline gas supplies.
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