Europe
China received 22 shipments of LNG from sanctioned Russian projects in 2025
One shipment was from Portovaya and the rest were from the Arctic LNG 2 project. The U.S. and EU have sanctioned the projects to curb revenue reaching Russia following its invasion of Ukraine.
Russia's pipeline gas exports to Europe fall 44% to lowest in decades
The EU has said it will cease importing Russian gas by the end of 2027, as part of its effort to overcome the bloc's dependency on Russian energy and to withhold funds that could be used for its military campaign in Ukraine.
Australia's Woodside signs binding LNG supply deal with Turkey's BOTAS
Australia's Woodside Energy said it had signed a supply agreement with Turkish state-owned petroleum company BOTAS to deliver around 5.8 billion cubic meters of liquefied natural gas for up to nine years, starting in 2030. This deal converts the non-binding head of agreement signed by the two parti..
Five energy market trends to track in 2026, the year of the glut
This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.
Russia delays LNG output target of 100 MMtpy due to sanctions
Russia's long-term plans to gain a fifth of the global LNG market by 2030–2035, from 8% currently, have been challenged by sanctions imposed over the conflict in Ukraine, including against the new Arctic LNG 2 plant.
Russia almost doubles LPG exports to Central Asia, Afghanistan this year
Moscow has had to divert supplies of LPG, or propane and butane, from Europe, which introduced restrictions on LPG imports from Russia in December 2024 over the war in Ukraine.
Russia's pipeline gas exports to China seen up 25% this year
Russia has re-routed most of its oil to India and China since the start of the war in Ukraine in 2022 as Moscow and Europe - once its main commodity export market and source of revenue - severed ties.
SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM
SOCAR already owns the Petkim petrochemical complex and the STAR oil refinery in Turkey, and the acquisition further expands the company's footprint in the country's energy sector.
LNG tanker Kunpeng loads cargo from Russian plant under sanctions
The Kunpeng arrived at the Portovaya LNG terminal, was unloaded on December 18 and departed with a cargo on December 21, according to ship-tracking data from analytics firm Kpler. LSEG data also shows the tanker arriving and leaving the terminal on the same dates.
U.S. allows oil sales from Russia's Sakhalin-2 project through June 18
The general license, issued by the U.S. Treasury Department, is important for U.S. ally Japan, which gets about 9% of its LNG from Russia.
Russia's Sibur ships LPG from Ust-Luga to China for the first time
Sibur mostly supplies LPG to Turkey, but demand for LPG in the country has been declining by 5%–6% annually, traders said, and Algeria and the U.S. dominate its market.
Snam to acquire partner's stake in Offshore LNG Toscana
Snam has agreed to acquire Igneo Infrastructure Partners’ 48.2% interest in OLT – Offshore LNG Toscana S.p.A. (OLT), operating the FSRU Toscana offshore Livorno. The total consideration of the acquisition, including Igneo’s interest as well as the remaining part of the shareholder loan provided by I..
Azerbaijan’s SOCAR and Hungary's MVM sign new gas supply deal
Azerbaijan's gas has been increasingly in focus since gas exports from Russia to Europe collapsed in the wake of Moscow's invasion of Ukraine in February 2022 and subsequent Western sanctions.
Gazprom delivers first post-sanctions LNG cargo from Portovaya to China
Exports were suspended in February this year following the introduction of the U.S. sanctions over Ukraine to directly disrupt Russia's ability to produce and export LNG and reduce Russia's revenue from LNG exports.
Hungarian energy group MVM prepares to phase out Russian gas, if needed
The European Union agreed on Wednesday to phase out Russian gas imports by late 2027 as part of an effort to end the bloc's decades-long energy dependency on Moscow, with short-term pipeline gas contracts affected from as soon as June 2026. Landlocked Hungary opposes the move, and said it would challenge the legislation at the EU's Court of Justice.
The European countries most impacted by Russian gas phase-out
To help outline potential grounds for dispute among impacted countries, below is a breakdown of Europe's most gas-dependent nations and key regional gas import trends.
Turkey extends Russian gas imports for a year as it plans U.S. investment
Turkey is Russia's last major natural gas market in Europe after years of war-related Western sanctions on Moscow. It imports a total of 22 Bm3 of gas under the Gazprom contracts that expire at the end of the year, amounting to less than 40% of Turkey's overall gas mix, down from more than 50% in 2018.
U.S. LNG exports hit record high in November on cooler weather, strong output
LNG plants typically operate more efficiently in cooler conditions. Average temperatures along the Gulf Coast were about 8°F lower in November than in October, according to the U.S. National Weather Service.
Updates on buildup of Germany LNG import terminals
Germany has been putting import terminals for liquefied natural gas (LNG) into operation as part of its efforts to replace piped Russian gas following Moscow's invasion of Ukraine in 2022.
EU agrees to end Russian gas imports by late 2027; Hungary, Slovakia oppose
Representatives for EU governments and the European Parliament reached an agreement in the early hours of Wednesday on proposals set out by the European Commission in June to end shipments from the EU's former top gas supplier following Russia's invasion of Ukraine in 2022.
Eni signs long-term 400,000 tpy LNG supply contract with BOTAŞ
Eni has entered a long-term LNG sale agreement with Turkish company BOTAŞ, in line with the company’s strategy to grow a diversified global portfolio and secure stable, multi-year relationships in key international markets. Under the transaction Eni has agreed to supply BOTAŞ approximately 0.4 mill..
Finland's Gasgrid seeks to expand transmission network
Synthetic methane is produced from electricity and is part of Finland's wider decarbonization drive to accelerate the introduction of renewable and low-carbon gases in industry.
China's LNG importer crown at risk as high prices cap demand
While China has increased output of domestic natural gas and imports via pipeline from central Asia and Russia, elevated spot prices for LNG that have persisted for much of the year are likely the largest factor in the drop in imports.
Ammonia cracking: Bringing an industrial unit in Antwerp to life
In Antwerp, a unique pilot ammonia cracking unit has emerged. More than a technological feat, it is the culmination of genuine teamwork in service of the energy transition. This unit, now operational, will make it possible to convert ammonia into hydrogen on an industrial scale, and paves the way for new low-carbon supply chains.
Ukraine's gas imports via Transbalkan route to double on Monday
Russian missile strikes on gas production facilities have deprived Ukraine of at least half of its own gas output and local energy officials say the country will need to import an additional 4 Bm3 of gas over the winter.
Russian pipeline gas exports to Europe stable in November
If the current pace is maintained, Russian pipeline gas exports to Europe may amount to around 18 Bm3 this year, down 44% from 2024 due to the loss of the Ukraine transit.
Centrica announced the successful acquisition of Grain LNG
Centrica announced the completion of its Grain LNG acquisition1 in partnership with Energy Capital Partners (ECP) from National Grid for an enterprise value of £1.5 billion. After taking into account £1.1 billion of new non-recourse project finance debt, Centrica's 50% share of the equity investment..
Opinion: Don’t expect Ukraine peace deal to alter Europe’s gas gameplan
The White House is pushing Moscow and Kiev to agree to a plan to end the almost four-year war. If successful, Russian oil and gas might soon begin to trade more openly. But that will likely do little to change Europe's gas landscape.
TotalEnergies to relocate Le Havre floating LNG terminal after French court ruling
The FSRU, which has a capacity of 5 Bm3, or 10% of French gas demand, was stationed at the port of Le Havre in 2023 at the French government's request as part of efforts to ensure enough LNG to meet demand after the loss of Russian gas supplies to Europe following Moscow's invasion of Ukraine.
Greenlyte launches world’s first LiquidSolar eFuel plant
Greenlyte Carbon Technologies is inaugurating the worldwide first LiquidSolar SNG plant in Duisburg, marking a decisive step from development towards industrial production of synthetic fuels (eFuels).
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Emerson’s new tank monitoring hub optimizes inventory management and operational efficiency
- Mitsubishi to inject $260 MM into Brunei LNG project
- Golden Pass LNG revises EPC contract for Trains 2 and 3
- Freeport LNG export plant in Texas to take in more natgas after unit shut on Monday
