economics
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. This..
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.
Spain's Naturgy eyes potential ‘force majeure’ with Yamal on impact of EU's Russian gas ban
The Spanish power utility entered into a long-term contract with Yamal in 2013 to import around 3 Bm3y of Russian LNG.
Australian gas producer Santos wins court fight over net-zero claims
The lawsuit was launched in 2021 by the Australasian Centre for Corporate Responsibility, an activist shareholder, which said it was the first case of its kind in any country to challenge the validity of a company’s net-zero emissions target.
Japan's oil and gas independence climbs to highest since 2009
The rise to the highest since 2009 is attributed to progress in energy development projects involving Japanese firms and a decline in oil and gas imports.
Petronet CEO: India will buy US LNG if offered at reasonable price
U.S. President Donald Trump last week said he will slash tariffs on imported Indian goods to 18% from 50%, easing concerns in India, but in exchange asked New Delhi to more than double its annual imports from the United States.
U.S. natural gas futures climb as LNG exports approach record levels
• Gas futures rise despite warmer weather forecasts • Waha Hub prices remain negative due to pipeline constraints • U.S. LNG exports increase to near-record levels
U.S. natural gas futures climb 3% on LNG exports and storage drop
U.S. natural gas futures climbed about 3% to a one-week high on Friday on rising flows to liquefied natural gas (LNG) export plants, forecasts for more demand next week than previously expected, and a drop in the amount of gas in storage after last week's record withdrawal during an Arctic freeze.
Germany's Uniper downplays increasing reliance on U.S. LNG, stresses diversification
U.S. LNG imports by the European Union have risen more than four-fold from 2021 levels to nearly 60 MMt in 2025.
Morocco's finance ministry vetoes gas pipeline tender
Launched last month by the energy ministry, the pipeline tender was part of efforts to facilitate the import of gas and transition away from coal, but was vetoed due to what the finance ministry saw as procedural breaches, fiscal risks and uncertainty over a new gas law.
QatarEnergy secures long-term LNG supply deal with Japan's JERA as demand surges
The agreement, made on the sidelines of the LNG2026 conference in Doha, would bolster QatarEnergy's position in Japan as competition intensifies from U.S. suppliers and Gulf rivals United Arab Emirates and Oman, which offer more flexible terms.
U.S. share of Europe's LNG imports increased to 60% in January
The 60% share was an increase from both last month and January 2025, when the U.S. supplied 53% of EU imports.
EU's Russian gas import ban legally sound, will end 'blackmail', Energy Commissioner says
European Union countries last week approved a law banning Russian gas imports by late 2027.
Rising oil, gas and LNG demand draws global traders to India
As consumption growth slows in most major economies, trading firm executives told the India Energy Week conference that they see opportunities across crude, refined fuels and liquefied natural gas (LNG).
U.S. LNG plants imported cargoes during winter storm as natural gas prices hit records
bp and Shell, which together own 90% of Trinidad and Tobago's flagship Atlantic LNG plant, brought gas from Trinidad to U.S. plants amid the freeze, LSEG data showed.
- 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
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- KBR awarded FEED for Coastal Bend LNG project
- Norway pipeline gas export down 2.3% in 2025, seen steady this year
