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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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Bangladesh steps up LNG purchases as Asia feels tightening of supplies
Bangladesh is moving to secure additional LNG supplies from the spot market as part of the intensifying strain on global energy markets linked to the war in Iran and knock-on effects with supplies.
Japan’s JERA proposes LNG plant for Oahu as Tokyo grapples with energy strains
Japan’s largest power generation company has set out plans to develop a liquefied natural gas-fired plant on Oahu, positioning the project as a lower-cost alternative to oil-based generation.
Bangladesh approves emergency spot LNG purchases
Bangladesh has stepped up efforts to secure emergency energy supplies after a cabinet committee approved the purchase of two spot liquefied natural gas (LNG) cargoes from Aramco Trading Singapore.
Colombia, Venezuela launch working groups on security, trade, energy after postponing presidential summit
Venezuela and Colombia established four ministerial working groups on March 13 at Caracas's Miraflores Palace covering security, foreign relations, trade and energy following the cancellation of a planned summit
Venezuela ships first LPG tankers to Colombia across Simón Bolívar bridge, eyes pipeline restart
Venezuela dispatched its inaugural shipment of liquefied petroleum gas (LPG) to Colombia on March 13 via tanker trucks crossing the Simón Bolívar international bridge connecting San Antonio del Táchira to Cúcuta
Bangladesh could save $3bn in LNG imports with 1 GW solar expansion
Bangladesh could reduce its LNG import expenditure by nearly $3bn over the next 25 years if it develops 1 gigawatt (GW) of solar power capacity, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).
Damaged Russian LNG ship reported as still afloat
A Russian LNG carrier damaged in an apparent drone boat attack earlier this month is drifting in the central Mediterranean but remains afloat.
Another Russian Arc7 begins sea trials
Russia’s newest ice-class LNG carrier, the Arc7 tanker Konstantin Posyet, has likely begun sea trials.
Sempra's Vista Pacífico LNG project dies in Mexico after regulatory rejection, environmental opposition
Why Europe's gas price cap plan will backfire
Brussels is again considering a cap on gas prices to shield consumers from soaring energy costs, but the policy risks weakening Europe’s ability to attract LNG cargoes just as the bloc faces a difficult storage refill ahead of next winter.
Japan considers reviving LNG carrier construction
Japan has fallen well behind China and South Korea in shipbuilding volumes, particularly in the production of LNG carriers.
Shell declares force majeure on cargoes traded from QatarEnergy
Shell is the latest company to declare force majeure on LNG cargoes bought from QatarEnergy and sold to buyers.
JERA and Kogas ink MoU on LNG cooperation
The world’s largest LNG buyers JERA and Kogas have signed a Memorandum of Understanding to increase cooperation in the LNG sector.
Venture Global’s Plaquemines LNG plant in Louisiana gets approval to raise exports
Venture Global’s Plaquemines LNG has been granted authorization by US Secretary of Energy Chris Wright to increase exports by 13%.
Middle East conflict spurs LNG Canada to increase exports
Shell-operated LNG has stepped up production and cargoes exports as buyers in Asia scramble for supply in the midst of the conflict in the Middle East.
Venture Global takes FID on Phase 2 of CP2 plant in Louisiana
Company has raised $8.6bn in project financing for the expansion.
Argentina delays winter tariff period amid LNG price volatility
The government of Argentina has postponed the start of the winter tariff period for natural gas by one month in a move aimed at aligning domestic pricing with the results of an upcoming liquefied natural gas (LNG) import tender as global prices surge
US LNG exporters to benefit from Middle East disruptions, but not to replace lost supply
US LNG producers stand to benefit from disruption in the Middle East but cannot immediately replace lost supply.
China largely insulated from global energy price shocks
Although China is the world’s largest net oil importer and a major purchaser of Iranian crude, several factors mitigate the impact on its economy.
Energy strikes raise the prospect of higher fuel costs in Singapore
A fresh escalation in the Middle East conflict that is now targeting key oil and gas infrastructure is likely to push petrol prices higher in Singapore after fuel costs already increased last week
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