economics
Opinion: The U.S. LNG industry risks becoming victim of its own success
The U.S. has become the world's top exporter of liquefied natural gas (LNG), thanks to its abundant gas supplies from onshore shale. Energy Secretary Chris Wright expects LNG to overtake oil as the top U.S. export in the coming years.
Trump admin gives China 'free pass' on Russian LNG, Democratic senators say
Trump has refrained from putting direct sanctions on Russian energy entities in his second term. Instead, he has imposed additional 25% tariffs on imports of goods from India for buying Russian oil.
After Trump pressure, EU aims to bring forward Russian LNG import ban
An EU sanctions proposal kicks off intense discussions among the 27-member countries to reach an agreement.
ADNOC-led consortium pulls $18.7-B bid for Australia's Santos
Abu Dhabi National Oil Co. (ADNOC) has withdrawn the $18.7-B offer it led to buy Australian gas producer Santos after months of disagreement over valuation.
Blackstone to buy Pennsylvania (U.S.) natgas power plant for ~$1 B
U.S. power demand is projected to reach record levels in 2025, driven by data centers for AI and cryptocurrency technologies, as well as higher residential and commercial consumption.
Standard Charter delivers $15-B financing for Venture Global's CP2 LNG project
Standard Charter has delivered $15.1 B financing for Venture Global's Phase 1 of the CP2 LNG project in Cameron Parish, Louisiana (U.S.). The 20-MMtpy facility will be comprised of thirty six 0.626 MMtpy liquefaction trains, configured in 18 blocks. CP2 LNG's project will also consist of four 200,00..
China takes fourth cargo from sanctioned Arctic LNG 2 project
A fourth tanker carrying LNG from Russia's sanctioned Arctic LNG 2 project discharged its cargo at a Chinese port on September 14
Swiss trader MET Group seeks US LNG to grow portfolio, Southeast Asia sales
Switzerland-based energy trader MET Group is looking to expand its liquefied natural gas (LNG) portfolio by securing more new supply from the United States that it can use as it builds its presence in Asia, its chief executive said. "We are trying to secure additional new supply into our portfolio,..
BlackRock-led group in talks to raise around $10.3 billion for Aramco deal
A group of investors led by BlackRock's Global Infrastructure Partners is in talks with lenders to secure up to $10.3 billion in financing for Aramco's Jafurah infrastructure deal. Banks including JPMorgan and Japan's Sumitomo Mitsui Banking Corporation are in talks to participate in the transactio..
Japan's JERA looks to Alaska and Qatari LNG to meet demand, diversify supply
JERA keen on Alaska LNG due to proximity to Japan Eyes early conclusion to QatarEnergy talks Sakhalin-2 LNG remains an important option to JERA and Japan Japan's top power generator JERA is ramping up its interest in U.S. liquefied natural gas, particularly from Alaska, and is in talks wi..
Opinion: Europe succumbs to U.S. ‘energy dominance’ at its own risk
It may appear quite audacious for the world's largest natural gas producer to demand that its biggest market stop buying from a competitor. But that's exactly what unfolded this week at the global gas industry’s annual gathering in Milan.
Asian demand for U.S. LNG unshaken by China-Russia pipeline plans, says Venture Global CEO
China-Russia gas deals won't impact Asia demand for US LNG Venture Global does not see price compression due to oversupply LNG deals signed before and after arbitration cases "are all the same" -CEO Recent gas agreements between China and Russia are unlikely to weaken Asian demand for U.S..
ExxonMobil bullish on China's LNG demand, eyes new markets
ExxonMobil expects strong growth in demand for liquefied natural gas (LNG) in China, driven by transport and marine sectors, and sees rising opportunities in new markets across Asia Pacific, Africa and Latin America, a senior company executive said.
Edison to buy U.S. LNG from Shell in 15-year deal starting 2028
Italy's energy company Edison signed an agreement with Shell to purchase liquefied natural gas (LNG) from the U.S., expanding its long-term portfolio. The Italian subsidiary of France's EDF will receive around700,000 tpy starting in 2028 and continuing for up to 15 years, it said in a statement...
TotalEnergies to supply 1 MMtpy of LNG to KOGAS (South Korea)
TotalEnergies and KOGAS, South Korea’s national natural gas company, announced the signing of a Heads of Agreement (HoA) for the annual delivery in South Korea of 1 million tons (Mt) of LNG per year over a 10-year period starting from the end of 2027. Awarded to TotalEnergies by KOGAS following an ..
Japan hires Wood Mackenzie to assess U.S.-backed Alaska LNG project
Japan has hired energy consultancy Wood Mackenzie to assess a proposed 800-mile Alaska gas pipeline and LNG plant in a sign it is weighing support for the $44-B project touted by U.S. President Donald Trump.
Italy, U.S. agree to boost LNG ties and infrastructure investment
Italy and the U.S. vowed to deepen energy ties including through increased exports to Italy of LNG, as Europe continues to seek alternatives to Russian energy supplies following Moscow's invasion of Ukraine.
EU sticks to planned Russian oil and gas exit by 2028
EU pledged to buy more US energy as part of trade deal Hungary and Slovakia oppose ending Russian imports Russia's oil and gas revenues have helped to fund Ukraine war The European Union (EU) is sticking to its plans to phase out Russian oil by 2028, the bloc's energy chief said, adding t..
Japan explores Alaskan LNG purchases as part of $7-B energy deal with U.S.
Japan has confirmed its commitment to an annual $7 B worth of energy purchases from the U.S. while exploring their new Alaskan LNG offtake agreement, a joint statement on the bilateral trade deal showed.
Dragon LNG launches market consultation for capacity available from 2029
Dragon LNG, a receiving terminal for LNG in South-West Wales, has launched a market consultation for the auction of 9 Bm3y of regasification capacity, available from August 26, 2029. Dragon LNG has taken account of feedback from an ‘Expression of Interest’ held last year, which generated interest..
Woodfibre LNG (Canada) project cost increases to $8.8 B
This increase reflects the evolving realities of delivering a complex, first-of-its-kind energy project in Canada—using hydroelectricity for liquefaction, net zero from day one and uniquely regulated by an Indigenous government under a consent-based environmental assessment agreement.
India to raise LNG import capacity 27% to 66.7 MMtpy
India is raising its LNG import capacity by 27% to 66.7 million metric tons per year by 2030 by adding two more plants, oil minister Hardeep Singh Puri said
Russia signs up to vast new China pipeline but price unclear
Russia agreed to supply more natural gas to China and signed a memorandum on building the vast Power of Siberia 2 pipeline, but has yet to agree on pricing for one of the world's most expensive gas projects
West hits ‘peak sanctions’ on Russia’s energy sector
The complex web of Western sanctions targeting Russia’s oil and gas industry has failed to impede Moscow’s energy flows or its war effort, suggesting that time and overuse are blunting the force of U.S. and European financial weapons.
Poland gauges interest in expansion of planned floating LNG terminal
Poland is gauging interest in the expansion of a floating liquefied natural gas (LNG) terminal being built near Gdansk as more European players are interested in supplies via Poland
Russia's January-August LNG exports down 6.3%, data shows
Russia's exports of LNG in January-August decreased by 6.3% from a year earlier to 19.3 million metric tons, reflecting a sharp decline from the Yamal LNG project.
U.S. natural gas prices hit over 2-week high on smaller storage build, strong LNG exports
LSEG projected average gas demand in the Lower 48 states, including exports, would ease from 111.1 Bft3d this week to 107.3 Bft3d next week and 104.2 Bft3d in two weeks.
ExxonMobil sees global natural gas demand surging in outlook to 2050
Global demand for natural gas will rise more than 20% by 2050 from last year's level, as it displaces coal to power industries and meet higher electricity use in developing countries, ExxonMobil said in an annual outlook.
Air Liquide advances deal to buy DIG Airgas
This major acquisition marks a significant strategic milestone for Air Liquide, substantially strengthening its market position in South Korea.
EIA expects record U.S. natural gas consumption in 2025
The U.S. Energy Information Agency forecast natural gas consumption in the U.S. will increase 1% to set a record of 91.4 billion cubic feet per day (Bcf/d) in 2025.
- Aramco signs $11-B Jafurah midstream deal with international consortium led by Global Infrastructure Partners
- Digital Exclusive: Turbomachinery: The backbone of cryogenic gas processing
- Fluor, JGC to conduct FEED for Shell's LNG Canada Phase 2 project
- Woodfibre LNG provides construction update for Canadian LNG project
- CPC Corp. awards CTCI EPC contract for LNG build in Taiwan
