economics
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.
Nikkiso selected to provide regasification systems and engineering services for LNG-to-power project in Bahamas
Nikkiso Clean Energy & Industrial Gases Group has been contracted by NPG to provide LNG regasification and cryogenic equipment for the New Providence Gas Project in Nassau, the Bahamas.
ConocoPhillips signs 20-yr offtake agreement from Sempra's Port Arthur LNG facility
Sempra announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips have signed a definitive 20-year sale and purchase agreement (SPA) for 4 MMtpy of LNG offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas.
Freeport LNG in Texas (U.S.) recovers from second brief reduction this week
Freeport is one of the world's most closely-watched LNG export plants because starts and stops of its operations often cause price swings in global gas markets.
U.S. natgas prices hold near nine-month low as record output offsets higher demand forecasts
U.S. natural gas futures held near a nine-month low on Wednesday as forecasts for higher demand over the next two weeks and rising gas flows to liquefied natural gas (LNG) export plants offset near-record output and ample fuel in stockpiles.
Amigo LNG signs 20-yr SPA with Gunvor
Amigo LNG announced the signing of a definitive long-term sale and purchase agreement with Gunvor Singapore Pte Ltd of 850,000 tpy of LNG for 20 yrs.
A refresher on Russia's commodities clout ahead of the Trump-Putin talks
Prior to its invasion of Ukraine in 2022, Russia was a leading exporter of crude oil, natural gas, coal, aluminum, nickel, steel, wheat and fertilizers - among other commodities - and the top supplier of energy products to Europe.
Key U.S. natural gas trends to track as LNG exports hit new highs
U.S. exports of LNG have scaled new highs so far this year, rising by > 20% from the same months in 2024 to cement the country’s position as the world's largest supplier of the super-chilled fuel.
Venture Global wins arbitration case against Shell over contracted LNG cargoes
The companies accused Venture Global of profiteering by selling commissioning cargoes at higher spot market prices, rather than at long-term contracted prices.
Australia's Santos extends due diligence deadline for $18.7 billion ADNOC-led offer
Santos said it had extended the period of exclusive due diligence to an international consortium led by Abu Dhabi's National Oil Company (ADNOC), which had offered $18.7 billion for Australia's second biggest gas producer.
Enterprise Products acquires natural gas infrastructure from Occidental for $580 MM
Enterprise Products Partners L.P. announced that affiliates of Enterprise have executed agreements to acquire a natural gas gathering affiliate of Occidental and to provide Occidental with natural gas gathering and processing services.
U.S. natural gas futures steady as near-record output offsets high LNG exports
U.S. natural gas futures were little changed on Friday as near-record output and ample supplies in storage offset strong liquefied natural gas (LNG) exports and forecasts for the weather to remain hotter than normal through late August.
Israel's Leviathan signs $35-B natural gas supply deal with Egypt, lessening the need for LNG imports
Israel's Leviathan natural gas field has signed the largest export agreement in the country's history, worth up to $35 B to supply gas to Egypt.
NRG closes on Texas Energy Fund loan for 456-MW natural gas generation project
The combined 456-MW nameplate capacity units are expected to start bringing reliable power to the constrained Houston load zone in Summer 2026.
KBC launches Petro-SIM 7.6 simulation software
KBC (A Yokogawa Company) announces the launch of Petro-SIM® v7.6, the latest release of its flagship digital twin process simulation platform for the upstream and downstream oil and gas sectors, including the refining, petrochemical, polymer, and sustainable aviation fuel (SAF) industries.
Malaysia agrees to boost tech, LNG purchases from U.S. as part of trade deal
State energy firm Petroliam Nasional Berhad will buy liquefied natural gas (LNG) worth $3.4 B a year, while Malaysia will commit to $70 B in cross-border investments in the United States over the next 5 yr to address the trade imbalance between the two countries.
Energy tech firm Lummus confidentially files for U.S. IPO amid Trump's domestic push
Energy solutions company Lummus Technology said on Monday it has confidentially filed for an initial public offering in the United States amid President Donald Trump's broader strategy to enhance domestic energy production.
NextDecade sets September for final investment decision on Rio Grande LNG Train 5
The move follows its first long-term offtake deal for the fifth train and the execution of an engineering, procurement and construction (EPC) contract.
EU energy policy trapped between U.S. gas and Chinese green tech
The European Union's lavish pledge to buy $750 B of U.S. energy by 2028 risks exacerbating the bloc's already outsized dependence on American gas, just as it finds itself increasingly reliant on Chinese technology to power its energy transition.
EU considers pooling demand from companies to buy more U.S. gas
Under a framework trade deal the U.S. and EU agreed on Sunday, the European Union agreed to increase its purchases of U.S. energy to $750 B over the next three years.
- Aramco signs $11-B Jafurah midstream deal with international consortium led by Global Infrastructure Partners
- TotalEnergies and CMA CGM to launch LNG bunkering logistics JV to accelerate maritime decarbonization
- Digital Feature: The growing need for an equipment lifecycle strategy
- Iraq PM inaugurates gas projects that aid plan to stop flaring
- Digital Exclusive: Turbomachinery: The backbone of cryogenic gas processing
