LNG
Malaysia's Petronas Q1 profit falls on high costs, lower LNG prices
Malaysia's state energy firm Petronas, or Petroliam Nasional Berhad, reported a near 11% decline in first-quarter net profit on Friday due to higher operating costs and lower realized prices across its businesses.
Morocco to tender for floating LNG terminal
Morocco plans to launch a tender this summer to build a floating liquefied natural gas (LNG) terminal in the northeastern Nador West Med port.
Australia's Wesfarmers to sell LPG, LNG distribution businesses
Wesfarmers will sell its liquefied petroleum gas (LPG) and liquefied natural gas (LNG) distribution businesses to Supagas and Clean Energy Fuels Australia, respectively, for an undisclosed sum.
Southeast Asia's $220-B gas expansion plans to boost power/LNG capacity
Southeast Asia has more than $220 B in projects that could raise Southeast Asia's gas-fired power capacity by more than 100 GW, doubling the current level, and raise LNG imports into the region by 80%.
India's Adani Total considering building more plants in India for LNG import
Adani Total Pvt Ltd, a joint venture between India's Adani Group and France's TotalEnergies, is considering building more plants in India to import LNG to meet the growing demand for the cleaner fuel.
Argentina government unblocks key Petrobras gas shipment amid supply cuts
Argentina's government, facing domestic gas shortages and targeted service cuts, has unblocked the unloading of a key Petrobras gas shipment, which it added should stabilize local supply.
U.S. natgas prices slide 3% on rising output, high stockpiles
U.S. natural gas futures slid about 3% on Wednesday on signs some drillers were starting to pull more gas out of the ground and worries about the tremendous oversupply of gas still in storage.
Congo Brazzaville becomes an LNG exporting country
After years of either declining or stable domestic natural gas production, the Republic of the Congo began exporting LNG for the first time when the first phase of a two-phase FLNG project began operating in February 2024.
Hess shareholders sign off on $53 B sale to Chevron
Hess shareholders approved the proposed $53 B merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival ExxonMobil's massive Guyana discoveries.
Aethon Energy to buy Tellurian upstream assets for $260 MM
Aethon Energy will acquire Tellurian's upstream assets for $260 MM and purchase 2 MMtpy of LNG from its Driftwood LNG plant, the companies said on Wednesday.
UK's National Grid seeks buyer for Europe's biggest LNG terminal
British energy infrastructure operator National Grid said it is looking to sell its Grain liquefied natural gas (LNG) terminal in Britain, Europe's largest such facility, in a bid to streamline operations.
Finland’s Gasgrid has sold 95% of 2024 LNG terminal capacity
The LNG terminal operated by Gasgrid in Inkoo has already sold 95% of its reservation capacity for this year.
Energy Transfer expands Permian presence with $3.25-B acquisition of WTG Midstream
Energy Transfer said it will buy WTG Midstream Holdings in a deal valued at about $3.25 B, the latest acquisition in the midstream sector aimed at expanding transportation and processing network in the Permian Basin.
Asian spot LNG prices at five-month high on firm demand, geopolitical risks
Asian spot liquefied natural gas (LNG) prices surged to a five-month high, marking the fourth consecutive week of gains.
Energy Workforce responds to U.S. Energy Secretary's testimony on LNG export permit pause
Energy Workforce responds to U.S. Energy Secretary's testimony on LNG export permit pause
U.S. natgas prices jump 6% to 4-month high as rising LNG feedgas boosts demand
U.S. natural gas futures jumped about 6% to a four-month high on Wednesday on lifted forecasts for weekly demand and as more gas was flowing to liquefied natural gas (LNG) export plants with flows to Freeport LNG’s plant in Texas up to an 11-month high.
Australian natural gas industry seeks policy repairs to boost investment
Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices.
JERA warns of switching investment from Australia unless it gets govt support
Japan's top power generator JERA warned on Thursday it could consider fuel purchases and investments in Asia, the Middle East and the U.S. if Australia does not provide sufficient financial support.
Youth climate-change lawsuit targets Alaska LNG project
Eight young Alaska residents sued the state on Wednesday seeking to block a major natural gas project, the latest in a string of climate-change related lawsuits by youths arguing that government policies promoting fossil fuels violate their rights.
Developer seeks permit to send U.S. gas to Mexico for LNG exports
A Mexican energy developer is seeking U.S. permission to export gas to Mexico, turn it into liquefied natural gas (LNG) and send it to countries with U.S. free-trade agreements.
Shell sees emerging Asian markets taking more of world's growing LNG supply
Shell expects its Australian supplies of LNG to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this decade.
ADNOC to acquire 10% equity stake in major LNG development in Mozambique
ADNOC announced the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, entitling ADNOC to a share of the LNG production from the concession, which has a combined production capacity exceeding 25 MMtpy.
Gato Negro Permitium Uno seeks U.S. DOE approval to ship gas to Mexico
Gato Negro Permitium Uno is seeking U.S. permission to export gas to Mexico, turn it into LNG and send it to countries with U.S. free-trade agreements.
Firm building QatarEnergy-Exxon LNG plant in Texas (U.S.) files for bankruptcy
The lead contractor building a Texas LNG plant for QatarEnergy and ExxonMobil on Tuesday filed for Chapter 11 bankruptcy protection, citing challenges at the project.
Lead contractor building Golden Pass LNG plant in Texas files for bankruptcy
On Tuesday, the lead contractor building a Texas liquefied natural gas (LNG) plant for QatarEnergy and ExxonMobil filed for Chapter 11 bankruptcy protection, citing challenges at the project.
China LNG imports could hit record levels in 2024, says PetroChina
According to PetroChina, domestic LNG imports could reach between 78 MMtpy-80 MMtpy this year, with the industrial and commercial sectors driving demand.
Deltamarin and ECOLOG collaborate on LCO2 carrier design
Deltamarin and ECOLOG have collaborated on LCO2 carrier design for the purpose of tendering at shipyards worldwide. The new design is intra-EU, short range, low pressure, and shallow draft.
Australia gas producers endorse govt strategy, warn of shortages this decade
Australia's energy producers endorsed a government strategy to boost natural gas development, but warned the country still faces new gas supply shortfalls this decade while markets remain volatile due to global conflicts.
Gulfstream LNG export terminal (U.S.) receives FERC approval
Gulfstream LNG, under development in Plaquemines Parish, Louisiana, announced that it has received the U.S. Federal Energy Regulatory Commission approval to commence the pre-filing permitting process, kicking off the regulatory review for its proposed 4-MMtpy modular export facility.
ADNOC purchases stake/offtake from NextDecade LNG (U.S.)
ADNOC announced the acquisition of a 11.7% stake in Phase 1 of NextDecade's Rio Grande LNG, along with a 20-yr LNG offtake agreement from Train 4.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
