economics
Iran war deals harder blow to natural gas than oil
Key gas infrastructure - liquefaction plants in particular - is more complex and expensive to build and repair than the oil equivalent. That means oil refineries can often resume operations more quickly than liquefied natural gas export hubs after a shutdown.
UAE's ADNOC Gas adjusts LNG output in response to shipping disruption
The gas subsidiary of ADNOC, Abu Dhabi's state oil firm, said it made temporary adjustments to its production of liquefied natural gas and export-traded liquids in response to ongoing shipping disruption in the Strait of Hormuz. The U.S.-Israeli war on Iran escalated sharply over the weekend after ..
Iran's giant South Pars gas field at the center of Gulf war escalation
The reservoir contains an estimated 1,800 Tft3 (51 Tm3) of usable gas - enough to supply the world's needs for 13 years.
Is Europe's gas demand recovery derailed or just dented by Iran crisis?
To help analysts and industries grappling with this issue, here are some key data points and trends on Europe's gas use by utilities and industry that may provide useful guideposts on the region's true demand potential.
India to boost coal use for summer power as Mideast crisis hits LNG supplies
New Delhi typically pushes power plants to ramp up generation during the April–June summer months, including costly gas-fired generation, to meet surging electricity demand and subsidises the cost for companies to shield customers from higher prices.
Iran war causes major oil, gas disruptions
The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbors have disrupted oil and natural gas exports from the Middle East and forced production stoppages.
Russia gets export boost from Iran war as price of oil to India surges
The Iran conflict, now in its seventh day, has left the Strait of Hormuz, a critical shipping chokepoint, all but shut, cutting countries off from a fifth of global oil and liquefied natural gas (LNG) supplies.
bp seeks at least $3.7 B from Venture Global arbitration
The remedies sought by bp include damages ranging from $3.7 B to potentially in excess of $6 B, as well as interest, costs and attorneys' fees.
Slovakia amends Gazprom gas contract, seeks to raise Russian imports before EU ban kicks in
EU gas prices have jumped 50% this week after Qatar halted liquefied natural gas exports following U.S. and Israeli strikes on Iran and Tehran's retaliation.
QatarEnergy offers 10 LNG tankers for lease amid production halt, soaring shipping rates
Qatari Energy Minister Saad al-Kaabi told the Financial Times it would take "weeks to months" to return to normal deliveries, even if the war ended today.
Thailand to boost fuel reserves, bids to secure LNG amid Iran crisis
Thailand's Prime Minister Anutin Charnvirakul convened a meeting of energy agencies on Thursday as fears grew over supply if the war with Iran disrupts global shipment, spurring Bangkok to raise fuel reserves and rush to secure energy supplies.
There is little U.S. LNG producers can do to immediately replace lost Qatari cargoes
While almost double the 10 Bft3d Qatar was forced to remove from the market on Monday after a wave of attacks, American export plants are running nearly full tilt with most cargoes locked into long‑term contracts.
Gas giant QatarEnergy throttles LNG supply by declaring force majeure
The move means global gas markets will experience shortages for weeks even in the unlikely scenario the conflict ends today, as Qatar supplies 20% of global liquefied natural gas.
Venture Global announces 500,000-tpy LNG purchase agreement with Trafigura
Venture Global and Trafigura announced the execution of a new, binding agreement for the purchase of approximately 0.5 million tons per year (MMtpy) of U.S. liquefied natural gas (LNG) from Venture Global for five years commencing in 2026. This mid-term agreement offers greater flexibility to custom..
U.S. LNG developers sign highest volume of sale and purchase contracts since 2022
U.S. LNG sale and purchase agreements from perspective projects. U.S. developers signed sale and purchase agreements (SPA) for 40 million tons per annum of liquefied natural gas (LNG) in 2025 from planned export facilities, according to U.S. Department of Energy (DOE) and company website data. Th..
Europe's skimpy gas storage under scrutiny as Qatar halts LNG flows
A combination of new gas storage rules, high natural gas prices, above-normal winter temperatures and subdued regional economic activity prompted Europe's gas storage operators to deplete stockpiles to well below normal this winter.
India eyes alternative energy supplies amid Strait of Hormuz disruption
Shipping through the Strait of Hormuz between Iran and Oman, which carries around a fifth of oil consumed globally as well as large quantities of gas, has ground to a near halt after vessels in the area were struck as Iran hit back after U.S. and Israeli strikes.
Iran war could reopen EU debate over Russian gas, Norway says
European gas prices have jumped 75% this week, hitting multi-year highs as hostilities in and around Iran have impacted gas exports from the Gulf.
Asia scrambles for LNG as Qatar halts output due to Iran war
Government officials and company executives in Japan, Taiwan, Bangladesh and Pakistan said they did not expect an immediate impact as some cargoes due this month had already arrived, but they would diversify their import sources and buy liquefied natural gas (LNG) from the spot market if the war drags on.
Venture Global shares jump as court rejects Shell's challenge to LNG ruling
Other energy companies including bp, Italy's Edison, Spain's Repsol and Portugal's Galp had also filed claims against Venture Global.
ITT completes acquisition of SPX FLOW
In December 2025, ITT announced it had entered into a definitive agreement to purchase SPX FLOW for a total consideration of $4.775 B, funded through a combination of cash and equity.
Austria plans to deepen cooperation with Abu Dhabi, minister says
Austria has had to radically overhaul its energy supply after depending for many years on Russian gas, and ended direct imports from Russia at the end of 2024.
European gas prices soar as Qatar halts LNG production
Qatar, soon to cement its role as the world’s second largest LNG exporter after the United States, plays a major role in balancing both Asian and European markets' demand of LNG.
Cheniere lifts buyback plan to > $10 B as profit surges on strong LNG demand
The U.S. is the world's largest LNG exporter and had shipped 15 Bft3d of the supercooled fuel last year, according to the U.S. Energy Information Administration (EIA), up 26% from 2024.
A decade after first Sabine Pass cargo, U.S. LNG exports continues to rise
Ten years ago, on February 24, 2016, the first liquefied natural gas (LNG) cargo from the Sabine Pass Terminal was exported from the United States, marking the beginning of a new era in U.S. LNG exports. Today, the United States is the world’s largest LNG exporter, ahead of both Australia and Qatar...
Sarawak files petition in Malaysia's top court challenging three federal petroleum laws
In 2024, Sarawak set up its own firm, known as Petros, to procure, distribute, supply and sell all natural gas produced in the state, putting it in conflict with Petronas, the energy firm owned by the national government.
U.S. LNG export surge and soft China demand meet record European imports
The absence of China in spot LNG markets has allowed Europe to increase imports to meet winter demand, with Kpler forecasting record arrivals of 14.20 MMt in February.
U.S. natgas prices climb as winter storm batters U.S. Northeast, LNG export flows near record
U.S. natural gas futures rose about 1% to a one-week high on Monday on near-record LNG export flows and forecasts for more demand than previously expected over the next two weeks as another winter storm buries the U.S. Northeast in snow.
Booming LNG exports may get dragged into U.S. cost-of-living debate
U.S. exporters of LNG consumed more natural gas than both households and commercial businesses last year, tightening U.S. gas supplies and putting the LNG export boom squarely in the frame of discussions surrounding rising U.S. energy costs.
U.S. demands on Europe in the field of energy
This week U.S. Energy Secretary Chris Wright gave the Paris-based International Energy Agency a one-year deadline to abandon its support of goals to reduce planet-warming gas emissions to "net zero" by 2050 or risk losing the United States as a member.
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
