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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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India announces new LNG plant to be built in Madhya Pradesh
India’s state-run Oil and Natural Gas Corporation has signed a deal with the Indian Oil Corporation for the development of a small-scall LNG facility in the state of Madhya Pradesh.
Genting awards $1bn FLNG deal to Wison New Energies
Malaysia’s Kuala Lumpur-based Genting has awarded a $1bn contract to China’s Wison New Energies for the construction of a floating liquefied natural gas facility, to be stationed at Teluk Bintuni in West Papua.
Putin hints at increased Russian energy deals with Vietnam
Russian President Vladimir Putin has expressed interest in enhancing energy and security collaboration with Vietnam.
Regional governor in the Philippines behind firm that stands to benefit from LNG expansion
A recent investigation has revealed that a prominent Philippine politician, who has vigorously promoted the use of natural gas in the country, has links to a company poised to gain significantly from its development
Energy Investor Kimmeridge buys majority stake in Commonwealth LNG
New York-based asset manager and energy investor Kimmeridge has purchased a majority stake in the proposed Commonwealth LNG terminal in Cameron Parish, Louisiana the firm announced.
South Korea's investment in LNG infrastructure raises concerns
Experts are warning that South Korea's multi-billion-dollar investments in LNG carrier infrastructure may one day turn into an obscenely expensive white elephant.
Equinor’s Hammerfest LNG facility shut down again
Norwegian energy major Equinor revealed that its Hammerfest LNG facility has been shut down following a power outage.
Chevron’s Wheatstone LNG returns to full production
US supermajor Chevron’s Wheatstone LNG plant in Western Australia returned to full production over the weekend.
China's Wison New Energies to quit Russian projects
In what is being seen as a major blow to the trouble-hit Arctic LNG 2 project, leading Chinese engineering firm Wison New Energies has announced its own withdrawal from all ongoing Russian projects
Guyana selects Fulcrum LNG to build Exxon-led project
US energy infrastructure firm Fulcrum LNG has been chosen by the government of Guyana to work with ExxonMobil and help design, develop and build a natural gas processing plant.
Fossil fuel use reaches global high
A new report finds that fossil fuel energy use rose to a record high in 2023, despite efforts to combat climate change.
Novatek opens season for Northern Sea Route with departure of first cargo
Russia’s second largest natural gas producer, Novatek has opened the season for LNG deliveries to Asia via the Northern Sea Route.
Chinese Wison drops out of Novatek’s Arctic LNG-2
Chinese Wison New Energies, one of the main technological partners of Russian liquefied natural gas major Novatek, is ceasing operations in Russia.
NNPCL signs agreement for deployment of FLNG facility
The Nigerian National Petroleum Co. Ltd (NNPCL) and Bermuda-based Golar LNG have signed a project development agreement for the deployment of a floating liquefied natural gas facility in Nigeria.
Beach reports first gas from Australia's Enterprise field
Australian independent producer Beach Energy announced on June 12 it had achieved first gas at the Enterprise field in the Otway basin of Victoria state.
New Fortress Energy pushes back first Altamira LNG cargo to July
US firm New Fortress Energy has again delayed first LNG from the company’s floating LNG vessel off the coast of northeast Mexico to July.
Perenco purchases minority stake in Golar LNG
Independent oil and gas firm Perenco has acquired a 9.9% interest in marine infrastructure firm Golar LNG according to a filing made with the US Securities and Exchange Commission.
Pakistan to hold off on LNG spot buys until winter
Pakistan is set to refrain from purchasing LNG cargoes on the spot market until at least the beginning of November due to oversupply and high prices.
China’s LNG imports rise again in May
China imported 6.57mn tonnes of LNG in May, marking a 3.4% rise in May compared to May 2023.
Shell snaps up Asian LNG trader Pavilion
Shell has reached a deal to buy Singapore-based LNG trader Pavilion Energy, in a move that will further strengthen the UK major’s lead position in global LNG.
Aramco and ADNOC advance their LNG portfolios
ADNOC and Aramco are competing for LNG offtake while the Emirati firm progresses with its own liquefaction project.
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