economics
Iraq signs $450-MM agreement for floating natural gas platform with Excelerate Energy
The unit, capable of receiving, storing and regasifying liquefied natural gas (LNG), will be based at the port of Khor al-Zubair, with gas piped for integration into Iraq’s power grid.
Global LNG demand to rise as new supply eases prices, say trade executives
Markets like China, India and Southeast Asia have the potential to see demand recovery, with China and India having the potential to double imports in the next decade.
EU to pool companies' demand to buy more non-Russian gas
The EU is negotiating legal proposals to ban all Russian oil and gas imports by January 2028, and adopted sanctions last week that will ban Russian liquefied natural gas (LNG) sooner, from January 2027.
Singapore power demand seen accelerating in next decade
Singapore's expansion in advanced manufacturing, technology and electrification of vehicles will accelerate growth in power demand over the next decade, the chief executive of its Energy Market Authority said. Electricity consumption will grow between 2% and 5% through to 2035, EMA CEO Puah Kok Keo..
Mozambique bonds rise after TotalEnergies lifts force majeure on LNG project
The lifting of force majeure is a positive sign for the project, whose potential export revenue could transform Mozambique's economy.
Google backs U.S. gas power plant with carbon capture for Midwest data centers
Google has entered into the first corporate agreement to buy electricity from a U.S. power plant using carbon capture and storage in a deal to help fuel its data centers in the country's Midwest region
Russia's VTB says financing 'in full swing' for huge Ust-Luga gas complex
The complex is part of Kremlin-controlled energy giant Gazprom's strategy to shift its focus to processing, and will combine a gas processing plant and a gas chemical complex.
Europe adopts 19th sanctions package against Russia, including LNG import ban
The LNG ban will take effect in two stages: short-term contracts will end after six months and long-term contracts from January 1, 2027. The full ban comes a year earlier than the Commission's roadmap to end the bloc's reliance on Russian fossil fuels.
Replacing LNG supplies from Russia's Sakhalin-2 would be costly, Japan says
Most of Japan's Sakhalin-2 LNG contracts expire between 2028 and 2033, and earlier termination would result in fines for Japanese buyers and force them to seek alternative supplies on the spot market, where options could be limited due to high competition.
Nutrien commences a controlled shutdown of its Trinidad nitrogen operations
Nutrien Ltd. announced that it has commenced a controlled shut down of its Trinidad Nitrogen operations at the Point Lisas’ facility to be effective October 23, 2025. This shutdown is in response to port access restrictions imposed by Trinidad and Tobago’s National Energy Corporation (NEC) and a ..
EBRD seeks to boost support for Ukraine's Naftogaz
Large and coordinated Russian air attacks on Ukraine's energy infrastructure earlier in October forced the country to suspend activities at several major gas facilities.
Santos’ GLNG plant to stop buying Australian domestic gas for export by 2027
Australia exports far more gas than it consumes, but its major reserves are located mostly in the northwest, a long way from the populous southeast, which is facing shortfalls as output declines from its mainstay gas source.
Qatar's energy minister warns EU law could stop it supplying LNG to Europe
Qatar supplies 12%-14% of Europe's LNG since Russia's invasion of Ukraine Qatar's energy min says calls to EU Commission go unanswered Changes proposed by EU lawmakers this week don't address Qatar's key concerns Qatar will not be able to do business in the EU, including supplying Europe ..
Ukraine prepares for record gas imports after Russian attacks, Zelenskiy says
Ukraine's cash-strapped government is in talks with international allies to raise funds to cover the cost of increased imports.
EU agrees to gradually end Russian gas imports by January 1, 2028
EU energy ministers on Monday backed a proposal to phase out Russian oil and gas imports to the bloc by January 2028, the Council of the European Union said. The ministers approved the plans, which would phase out new Russian gas import contracts from January 2026, existing short-term contracts fro..
Western pressure to hit Asian buying of Russian oil and LNG from December
Washington is exerting pressure on China, India and Japan through trade talks to reduce their purchases of Russian oil and LNG, while Britain has just imposed sanctions on Chinese and Indian entities.
European prices rangebound on stable demand, strong LNG flows
Dutch and British gas prices were slightly up on Thursday morning, trading in a narrow range, on stable demand and strong flows of liquefied natural gas (LNG). The benchmark Dutch front-month contract at the TTF hub was up 0.35 euro at 32.18 euros per megawatt hour (MWh), or $10.99/MMBtu, by 0810 G..
Bulgaria secures liquefied gas to meet winter energy demand
Bulgaria will receive a total of four cargoes of U.S. liquefied natural gas from TotalEnergies, Metlen and Shell to supply its households and industries over the winter months, state gas company Bulgargaz EAD said. Bulgaria, a European Union and NATO member, has relied on Azeri pipeline gas and liq..
Chevron pushes for input in Venture Global request for Plaquemines LNG startup extension
Last month, Venture Global asked the Federal Energy Regulatory Commission to give it until the end of 2027 to commission the Plaquemines plant, citing challenges stemming from the Covid-19 pandemic.
U.S. ethane exports are expected to grow through 2026
U.S. ethane exports are poised for significant growth through 2026, driven by robust global demand for ethane as a petrochemical feedstock, substantial U.S. export capacity expansions, and larger vessels to carry ethane exports. In the EIA’s October Short-Term Energy Outlook, we forecast U.S. ethane..
Chile reduces green hydrogen production targets due to market prospects
Chile will reduce its green hydrogen production targets amid diminishing global market prospects, Energy Minister Diego Pardow told Reuters on Wednesday. In an interview with Reuters during Energy Week in Santiago, Pardow said the adjustment would be published before the end of the current administ..
Venture Global shares sink as bp's arbitration win renews worries over pending disputes
Venture Global, the second-largest U.S. liquefied natural gas supplier, is facing other arbitration claims with customers seeking compensation of more than $4 B linked to the delayed commercial startup of the Calcasieu Pass project.
Uniper study: Full gas storage facilities are a protective shield for the German economy
The fourth quarter of 2025 and the first quarter of 2026 would be particularly critical, when high consumption peaks meet weaker consumption and lower exports.
EU's plan to phase out Russian energy clears first political hurdle
The EU is negotiating legal proposals to phase out Russian oil and gas by January 2028, attempting to deprive the Kremlin of revenues to fund its war in Ukraine.
LNG demand for ships set to at least double by 2030 globally
LNG is pulling ahead of other fuels in decarbonizing shipping, which accounts for nearly 3% of emissions, as supply and infrastructure hurdles cloud the outlook for cleaner alternatives methanol and ammonia.
Opinion: Europe can flatter Trump and sting Putin by ditching niche Russian fuels
The EU has come under pressure from the United States to accelerate the bloc’s plan to wean itself off Russian fossil fuels by the end of 2027.
Ukraine's Naftogaz gets €300-MM loan for gas purchases for winter
Naftogaz has stepped up efforts to secure additional funding to purchase sufficient gas to get Ukraine through winter after Russian strikes on production facilities cut domestic output by 40%.
KKR invests in ADNOC gas pipeline infrastructure in Middle East push
The transaction follows KKR's 2019 investment in ADNOC's oil pipeline network, a first for a foreign asset manager in Gulf energy infrastructure.
MidOcean, backed by EIG and Aramco, buys into Petronas stake in LNG Canada
LNG Canada shipped its first cargo in June, opening the first direct route for LNG from North America's Pacific coast to a huge market of buyers in Asia.
Baker Botts advises Sempra Infrastructure Partners on long-term LNG sale and purchase agreements
The agreements are related to the Port Arthur LNG Phase 2 project, which is under construction and achieved a positive final investment decision.
- 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
