Regions

Bangladesh's Summit to supply 1.5 MMt LNG to Petrobangla from Oct 2026

Bangladesh's Summit Group has signed a preliminary pact to supply 1.5 MMt of LNG per year to state-run Petrobangla for 15 years, starting from October 2026, its chairman.

Gas, LNG prices to remain relatively weak in 2024 amid subdued demand

Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter.

Norway energy firms plan three-year push for Arctic gas

Norwegian oil companies will ramp up exploration for natural gas in the Barents Sea in the next three years, showing renewed interest in the remote Arctic region after a sharp fall in Russia's gas supplies to Europe.

Sinopec says more deep tight-gas reserve certified in Sichuan basin

China's Sinopec Corp said on Wednesday that the Chinese government had recently certified 133 Bcm of proven geological reserves of natural gas in its operation in southwest Sichuan basin.

Shell approves plan to develop North Sea gas field

Shell has given the financial go-ahead for the development of the Victory gas field in the British North Sea, the latest development aimed at boosting the energy giant's production in the ageing basin.

Glander International Bunkering and Rohe Solutions Oy complete Kokkola port’s first LNG supply

Global bunker trading firm, Glander International Bunkering collaborated with LNG supplier Rohe Solutions Oy to supply LNG by truck to oil/chemical tanker SAANA.

Exxon to buy another 1.2 MMtpy of LNG from Mexico Pacific

Mexico Pacific said that it will supply ExxonMobil with an additional 1.2 MMtpy of LNG.

Red Sea disruptions not (yet) enough to trouble LNG prices

The effective closure of the Red Sea to tankers carrying LNG, while a concern, is unlikely to shift prices for the super-chilled fuel because other factors are driving the market.

Norway boosts oil, gas drilling, including in Arctic

Norway awarded stakes in 62 offshore oil and gas exploration licenses to 24 energy companies, including state-controlled Equinor , boosting the amount of acreage offered as the country seeks to pump for decades to come.

U.S. natural gas prices drop 7% on warmer forecasts for late January

U.S. natural gas futures dropped about 7% on Monday on forecasts for demand to fall and output to rise once the weather turns warmer than normal in late January.

Russia's Arctic LNG 2 to ship first tanker this month

Russia's Arctic LNG 2 project is set to load its first LNG tanker for Asia at the end of January despite disruptive U.S. sanctions.

Tankers carrying Qatari LNG resume course amid Red Sea tension

Four tankers used for shipments of Qatari LNG have resumed course after pausing for several days amid maritime attacks by Yemen's Iran-aligned Houthis in the Red Sea.

Russia's pipeline gas exports to Europe down versus December

Russian gas supply to Europe this month has declined, with January 1-15 daily volumes down by 6.5% from December's average levels.

U.S. natural gas supplies drop, record demand forecast due to extreme cold

U.S. natural gas supplies have fallen by the most in over a year as extreme cold froze wells, while demand for heating was on track to hit a record and lift both power and gas prices to multi-year highs.

Japan spot LNG contract price for December not disclosed

The average contract price for spot LNG cargoes for shipment to Japan last month was not disclosed by state-owned Japan Oil, Gas and Metals National Corporation.

QatarEnergy halts Red Sea LNG shipping amid attacks, seeking security advice

QatarEnergy, the world's second largest exporter of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues.

Frigid temps cut U.S. natural gas supply as demand soars, Texas faces possible shortfall

U.S. natural gas output fell to a preliminary 11-month low as frigid weather froze wells across the country, while gas demand for heating and power generation was on track to hit record highs.

Russia boosts fuel exports to Central Asia, Afghanistan and Mongolia in 2023

Central Asian countries, Afghanistan and Mongolia raised their imports of Russian fuel by around 28% in 2023 to almost 6 MMt, partially offseting a decline in Russian supplies to Europe.

TotalEnergies says it has no plans to sell shares in NextDecade

TotalEnergies has no plans to sell its shares in U.S. LNG company NextDecade, the French energy group said after market speculation over a potential sale.

Indonesia's 2024 oil, gas lifting set to fall short of government targets, regulator says

Indonesia's oil and gas lifting this year is likely to fall below government targets, upstream oil and gas regulator SKK Migas said but pledged efforts to fill the gap.

Venture Global LNG explains to U.S. regulator its failure to sell commercial cargoes

Venture Global LNG has told a U.S. regulator that it cannot meet contracts to provide LNG cargoes to several major customers because its export plant is not yet ready to meet three criteria in the contracts, according to a letter to the Federal Energy Regulatory Commission.

Commonwealth LNG urges Biden to support pending LNG export application

U.S. LNG developer Commonwealth LNG on Thursday called on President Joe Biden to support its long-pending LNG export application.

Asia spot LNG prices fall to 7-mth low as stocks remain plentiful

Asian spot LNG prices slid for an eighth consecutive week to hit their lowest levels in seven months, as healthy storage levels in both Europe and northeast Asia continued to weigh on prices.

Russia's Sibur raised LPG exports via Baltic Sea ahead of sanctions

Russia's biggest petrochemicals producer Sibur increased exports of LPG by almost a quarter last year via the Baltic Sea port of Ust-Luga in expectation of Western sanctions.

U.S. natural gas prices jump 6% on big storage withdrawal, record demand forecasts

U.S. natural gas futures jumped about 6%, on track to close at a two-month high, on a bigger-than-expected storage withdrawal last week and forecasts extreme cold in coming days will boost gas demand to record highs.

Tokyo Gas expects to close sale of Australian LNG assets at end of February 2024

Japan's biggest city gas provider, Tokyo Gas, said it expects to close the planned sale of its stakes in a portfolio of four Australian LNG projects at the end of February.

EIA expects Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025

EIA expect the U.S. benchmark natural gas spot price at the Henry Hub to average under $3.00 per MMBtu in 2024 and 2025 in our January Short-Term Energy Outlook.

Chesapeake aims for top U.S. natural gas producer spot with $7.4-B deal for Southwestern

Chesapeake Energy said it would buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 B, a deal that would enable the second-largest U.S. natural gas producer to take the top spot.

Norway gas exports hit record in December but drop 6.7% in 2023 overall

Norway's export of natural gas via pipelines to Europe hit an all-time high in December but still declined by 6.7% overall in 2023 following lengthy maintenance outages.

Vopak consortium selected to operate new LNG terminal in South Africa

South Africa has selected a Vopak consortium as the preferred bidder to develop and operate a LNG terminal at the Port of Richards Bay for 25 years.