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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.
Asia spot LNG prices edge up on South Korean demand
Asian spot liquefied natural gas prices edged up last week as forecasts for colder weather boosted demand in South Korea, but overall weak buying in China left prices down 34% since the start of 2025.
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.
Malaysia's Petronas signs LNG supply deal with China's CNOOC
Malaysian state-owned energy firm Petroliam Nasional, opens new tab said it would supply Chinese offshore oil and gas company CNOOC, opens new tab with 1 metric MMtpy of LNG.
Iraq says gas supplies from Iran have been halted
The ministry reported that 4,000 MW–4,500 MW of power have been lost from the electrical system as a result of the halt to Iranian gas supplies.
Myanmar set to resume LNG imports after receiving cargo last month
This would mark the Southeast Asian nation's return to the LNG import market, after shipments were halted amid the civil war.
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.
Japan's JERA signs LNG sales deal with Hokkaido Gas
Under the agreement, JERA will supply about 130,000 metric tpy to 200,000 metric tpy of LNG on a delivered ex-ship basis from its global LNG portfolio.
Asia's imports of U.S. energy drop in 2025 despite Trump trade moves
The decline in imports from the United States is largely driven by China, the world's biggest buyer of commodities, which pulled back on purchases after Trump ramped up tariffs on U.S. imports of Chinese goods, with the current average rate around 47.5%.
NNPC: Explosion hits Nigeria's key Escravos-Lagos gas pipeline
The blast was reported near the Tebijor, Okpele and Ikpopo communities in the coastal Delta state. Initial checks showed a pressure drop consistent with a loss of containment on the pipeline
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.
CNPC: China's natural gas demand seen up 5% in 2026
The 5% growth forecast marks a rebound from this year when China's apparent gas consumption dipped 0.3% year-on-year during the first 10 months and imports of liquefied natural gas (LNG) fell 16% during the same period.
Update: Saudi Aramco to export first condensate from Jafurah gas plant in February
The $100-B Jafurah project, estimated to contain 229 Tsft3 of raw gas and 75 Bbbl of condensate, is central to Aramco's ambitions to become a major global natural gas player and boost its gas production capacity.
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.
Update: Venture Global hits back at Shell's fraud claims in LNG arbitration battle
The legal documents submitted in New York Supreme Court mark the latest development in a prolonged saga over Venture Global's claimed failure to deliver LNG under long-term contracts while selling on the spot market as prices soared after Russia's invasion of Ukraine.
Japan's JERA signs first long-term LNG export deal with India's Torrent Power
Torrent Power will use the LNG, to be supplied on a delivered basis, for its 2,730-megawatt (MW) capacity of power plants in India. It will also use the LNG cargoes for sale to households, small industries and the transport sector.
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.
Vitol set to supply new Colombia LNG project
The country currently has one LNG import terminal in operation, with a slate of new projects proposed by state oil company Ecopetrol SA and others.
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.
Update: Glenfarne finalizes 20-yr LNG supply deal with South Korea's POSCO
Global demand for the superchilled fuel has surged since Russia's invasion of Ukraine upended gas markets in 2022, driving buyers in Europe and Asia to lock in long-term supply deals with U.S. exporters.
Opinion: U.S. LNG exports will shrink if margin squeeze intensifies
The U.S. became the world's biggest LNG exporter in 2023, surpassing Australia and Qatar. Exports from its eight main LNG terminals hit a record 12 Bm3 in November, a 20% rise from a year earlier.
Glenfarne’s Texas LNG project signs binding offtake agreement with Macquarie
The agreement converts a previous non-binding heads of agreement between the two companies into a binding definitive agreement.
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.
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.
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.
- 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
