Regions
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.
Russia's pipeline gas and LNG exports
Included are some key facts about Russian sea-borne liquefied natural gas and pipeline gas exports.
Charting the widening impact of the Iran crisis on energy markets
The repercussions of the ongoing U.S.-Iran war are being felt across the world, with U.S. fuel prices, European natural gas costs and Asian tanker freight rates all jumping sharply since strikes began at the weekend.
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.
More tankers come under attack as U.S.-Iran conflict spreads in the region
Nine vessels have come under attack since the conflict broke out between the U.S., Israel and Iran on Saturday. Iran launched a wave of missiles at Israel early on Thursday and also sent drones into Azerbaijan
India's GAIL weighs supply cuts to gas customers after Petronet LNG force majeure
The U.S. and Israel's war on Iran has disrupted fuel shipments from the Gulf, affecting India's imports of liquefied natural gas from key supplier Qatar.
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.
Vietnam's PV Gas boosts domestic LPG output to compensate for shortfall caused by Iran war
The additional output will come from PV Gas' Dinh Co and Ca Mau gas processing plants in southern Vietnam.
Russia blames Ukrainian drones for attack on LNG ship in Mediterranean
If confirmed, it would be the first time that Ukraine has attacked a Russian LNG carrier.
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.
Vopak delays investment on South African LNG project to 2028
The company had planned to approve the project earlier this year, but a September court order halted power utility Eskom's plans to develop a 3,000-megawatt (MW) gas-powered plant at Richards Bay, slowing progress.
Hormuz shutdown worsens after U.S. hits Iranian warship; tankers stranded for fifth day
The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralyzed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil and gas flows.
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.
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.
Iran conflict disrupts Middle East oil, fuel, LNG
Fighting has damaged tankers and sharply reduced traffic in the Strait of Hormuz, a pinch point through which some 20% of global oil output and a similar share of liquefied natural gas transits via ships from Middle East producers.
Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
AST is engaged in maintenance, inspection, and field services for rotating equipment such as compressors and steam turbines that drive compressors, used in resource and energy development sites, including in the oil and gas sectors.
Qatar LNG, Saudi refinery, Israeli oil, gas fields down due to Mideast strikes
Qatar halted its production of liquefied natural gas on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and U.S. strikes against it, prompting precautionary shutdowns of oil and gas facilities across the Middle East.
Russia's LNG exports up 5.8% in January-February
Russian LNG exports have been held back by U.S. sanctions over Ukraine, notably against the Arctic LNG 2 plant, whose operations have been hampered by the difficulty of finding buyers for its output.
Trafigura, Venture Global sign five‑year U.S. LNG supply deal
The agreement marks the latest move by Trafigura to secure North American LNG, while Venture Global continues to expand its commercial footprint ahead of new project milestones.
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 and CPC sign 1.2-MMtpy long-term LNG sale and purchase agreement
Cheniere Energy announced that its subsidiary, Cheniere Marketing International has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with CPC Corporation, Taiwan (CPC). Under the SPA, CPC has agreed to purchase up to 1.2 MMtpy (“mtpa”) of LNG from Cheniere Mark..
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- 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
