Vitol and EOG Resources enter into long-term gas supply agreement indexed to Brent pricing


Vitol has announced the execution of a natural gas sale and purchase agreement (SPA) with EOG Resources.

Australia's Woodside to sell stake in Scarborough to Japan's JERA for $1.4 B

Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan's JERA for about $1.4 B, marking the Australian gas producer's second stake sale to a Japanese LNG buyer in six months.

Global LNG—Asia spot prices hit near 3-yr lows as weak demand weighs

Asian spot LNG fell to a fresh low this week, easing to its lowest levels in nearly three years, as weak demand in Asia and Europe weighed on prices.

QatarEnergy names the first carrier of its LNG expansion’s fleet the Rex Tillerson

QatarEnergy has named the first LNG carrier to be delivered as part of its new LNG fleet expansion program the “Rex Tillerson” in recognition of the former Chairman and Chief Executive Officer of Exxon Mobil Corporation (ExxonMobil), who also served as the 69th U.S. Secretary of State.

bp's Tangguh LNG Train 3 resumes operations after week-long outage

The third train of bp's Tangguh liquefied natural gas (LNG) facility in West Papua, Indonesia has resumed operations after an outage of about a week.

Gasum procures SEFE LNG cargo to the Inkoo FSRU terminal

Nordic energy company Gasum has delivered a cargo of liquefied natural gas (LNG) to the Inkoo floating storage regasification unit (FSRU). At the FSRU, the LNG is regasified and fed into the Finnish gas pipeline grid.

Venture Global, Grain LNG sign new deal further strengthening the security of natural gas supply to the UK

Grain LNG and Venture Global have announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, including CP2 LNG.

IEEFA: Three reasons the U.S. LNG pause does not threaten South Korea’s energy security and transition

Since the U.S. Biden Administration announced the temporary pause on new liquefied natural gas (LNG) export approvals early this year, many Asian countries have expressed concerns about the potential disruption in energy security and decarbonization goals.

Equitrans delays WV-VA Mountain Valley natgas pipe again, boosts cost

U.S. energy firm Equitrans Midstream delayed the completion date for its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter of 2024 from the previous estimate of the first quarter.

China's CNOOC receives approval for second LNG berth at Yancheng port

Chinese state-owned CNOOC has received government approval to build a second berth at its LNG receiving terminal in Yancheng in eastern Jiangsu province, according to a statement from the Shanghai Petroleum and Natural Gas Exchange.

El Niño pushes real U.S. gas prices to multi-decade low

Inflation-adjusted U.S. gas prices have fallen to the lowest level for over 30 years as a mild winter and continued production growth leave the market carrying a growing surplus of inventories.

Democratic U.S. senator opposes Biden pause on LNG exports

Democratic U.S. Senator Michael Bennet opposes President Joe Biden's decision to pause approvals of new exports of LNG, saying that it could undercut U.S. efforts to supply gas to Europe as it replaces Russian exports.

Pavilion Energy, Rio Tinto complete ship-to-ship LNG bunkering operation

Singapore's Pavilion Energy has completed a ship-to-ship LNG bunkering operation with global mining giant Rio Tinto via the newly built Brassavola bunker vessel, marking the vessel's first ship-to-ship LNG bunkering operation.

Equinor signs 15-year LNG deal with India's Deepak Fertilizers

Norway's Equinor said it had signed a 15-year agreement to supply LNG to India's Deepak Fertilizers from 2026.

Venture Global seeks extension for completion of Calcasieu Pass LNG

Venture Global LNG sought a one-year permit extension to complete construction of its Calcasieu Pass gas-export plant in Louisiana, in a filing with the U.S. Federal Energy Regulatory Commission.

Tellurian shares rise on U.S. permit extension to construct Driftwood LNG plant

Cash-strapped Tellurian Inc won a three-year permit extension to complete construction of its Driftwood LNG export plant, a boost for the long-delayed liquefied natural gas project.

U.S. regulators approve Mexico Pacific LNG's Saguaro connector pipeline

U.S. energy regulators approved a cross-border pipeline that would export about 2.8 Bcfd of natural gas from Texas to Mexico Pacific's Saguaro LNG export plant on Mexico's west coast.

Shell's lofty ambitions for Asian LNG demand face price hurdle

Shell's forecast that global demand for LNG will surge by more than 50% by 2040 is both bold and questionable, with some of the underlying assumptions not supported by current trends, especially in the key Asia markets.

U.S. House passes bill to reverse Biden's LNG pause

A bill to strip the power of President Joe Biden's administration to freeze approvals of liquefied natural gas exports passed in the Republican-controlled U.S. House of Representatives on Thursday, but faces an uphill battle in the Senate.

FERC greenlights methane export pipeline for large-scale LNG supply to China via Mexico's Pacific Coast

In a split decision handed down today, the Federal Energy Regulatory Commission issued a Presidential Permit and granted authorization to allow Oklahoma-based Oneok Inc. to build the Saguaro natural gas export Pipeline.

GTA LNG project reaches major milestone with arrival of FLNG vessel

The FLNG vessel that is a core component of the Greater Tortue Ahmeyim LNG project has arrived at its destination on the Mauritania and Senegal maritime border.

Japan gas utility lobby says U.S. remains key LNG supplier

The head of Japan's gas utilities group said the United States, the world's biggest exporter of LNG, remains an important supply source for Japan despite the recent pause in U.S. LNG export permits.

U.S. president Biden's pause on LNG approvals will not hit Europe short-term supply

President Joe Biden's decision to pause approvals of new exports of LNG will have no affect on U.S. supplies to Europe over the next two or three years, a European Commission official said after meeting U.S. officials.

Shell expects 50% rise in global LNG demand by 2040

Global demand for LNG is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use more LNG to support their economic growth.

U.S. LNG export terminal permit pause could boost coal use abroad, says Williams CEO

The Biden administration's pause on approving permits for U.S. LNG export terminals could backfire by boosting coal usage overseas, Alan Armstrong, CEO of U.S. natural gas pipeline operator Williams Companies said.

Chesapeake Energy Corporation, Delfin LNG and Gunvor sign long-term LNG liquefaction offtake agreement indexed to Japan Korea Marker

Chesapeake Energy Corporation, Delfin LNG LLC and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd, today announced the entrance into a LNG export deal that includes executed Sales and Purchase Agreements for long-term liquefaction offtake.

QatarEnergy selects Nakilat to own and operate up to 25 conventional LNG vessels

QatarEnergy announced that it has selected Qatar Gas Transport Company Limited to be the owner and operator of up to 25 conventional-size LNG carriers pursuant to Time Charter Parties to be entered into by affiliates of QatarEnergy and Nakilat.

Former Trump, Bush officials urge Congress to reverse Biden's LNG pause

Dozens of former officials from the past two Republican U.S. administrations urged Congress to reverse the Biden administration's pause on approvals of LNG exports, saying the shipments promote global stability.

NYK takes delivery of Japan’s first LNG-fueled capesize bulk carrier

A naming ceremony was held for an LNG-fueled capesize bulk carrier that was ordered by NYK and will be deployed to transport iron ore and coal from Australia to Japan under a long-term consecutive voyage charter contract with JFE Steel Corporation.

Russia extends permit for LNG supplies to Germany's SEFE until 2040

The Russian government has extended a permit for its Yamal LNG plant to supply LNG to German nationalized gas importer and trader SEFE until Dec. 31, 2040.