economics
Inpex targets FID for Indonesia's Abadi LNG project in 2027
Japan's biggest oil and gas explorer, Inpex Corp, said it aims to make a final investment decision on its Abadi LNG project in Indonesia in 2027 as part of its efforts to expand LNG supply. Under a new three-year business plan through 2027, the company plans to invest 1.8 trillion yen ($11.7 B) in growth areas, including its flagship Ichthys LNG project in Australia.
India's natural gas use target hinges on higher gas-fired power generation
India's plan to boost the share of natural gas in its energy mix hinges on lower global LNG prices that will make gas-fired electricity generation more competitive. India aims to raise the share of natural gas in its energy mix to 15% by 2030 from 6.2% currently.
Japan's JERA sees rising competition for U.S. LNG as Asia, Europe demand grow
Japan's top power generator JERA expects competition for U.S. LNG to increase as demand from Asia and Europe rises, its Asia CEO said. "There are many potential buyers. Asian and European buyers are really interested in U.S. energy. So, there are many competitors,” JERA Asia CEO Izumi Kai told Reuters on the sidelines of the India Energy Week conference.
TotalEnergies signs 10-yr LNG supply deal with India's GSPC
TotalEnergies has signed a deal to supply the Gujarat State Petroleum Corporation with 400,000 metric tpy of LNG, beginning in 2026. India will have to double annual imports by the end of the decade to meet rising demand from rapid urbanization and industrialization.
ADNOC Gas signs 14-yr, multibillion dollar LNG supply agreement with Indian Oil Corp.
The agreement, signed by ADNOC Gas and IndianOil, is valued in the range of $7 B-$9 B over its 14-year term.
Tanzania hopes to conclude talks for LNG project by June
Tanzania is discussing tax incentives with investors in a stalled project to construct a $42-B LNG plant in the country, Energy Minister Doto Biteko said on Tuesday, adding the talks could be completed by June. Equinor and Shell are joint operators of the country's mega gas project, while ExxonMobil, Pavilion Energy, Medco Energi and Tanzania's national oil company TPDC are partners.
Woodside and Trinidad have agreed on initial commercial terms for deepwater gas project
Trinidad and Tobago is pushing producers, especially those offshore, to accelerate natural gas output in order to resume full use of its gas processing capacity-LNG output and exports have been curtailed in recent years by lack of gas.
Shell sees significant LNG growth in near term under its scenarios
Global demand for LNG will see a robust rise in the next few years, while gas will likely see a more gradual dynamic and oil may peak at the beginning of the next decade, scenarios published by Shell showed.
Trinidad sees revenue increase from LNG sales after contract revamp
Trinidad and Tobago, the largest producer of liquefied natural gas (LNG) in Latin America and the Caribbean, is seeing an increase in government revenue from LNG exports by selling cargoes at between 15% and 55% above Henry Hub prices.
India's GAIL revives plan to buy US LNG as Trump ends ban on export permits
GAIL India Ltd will seek to buy a stake in a U.S. LNG plant or secure long-term U.S. LNG supply after the Trump administration lifted a ban on export permits for new projects, chairman Sandeep Kumar Gupta said.
Germany's Brunsbuettel, Wilhelmshaven LNG terminals get strong demand for regasification slots
Germany's Deutsche Energy Terminal said it has successfully sold all LNG regasification slots offered at the liquefied gas terminals of Brunsbuettel and Wilhelmshaven for this year.
Pakistan's LNG deal with Qatar open to renegotiation next year
Pakistan's liquefied natural gas (LNG) pact with Qatar allows for either party to initiate renegotiation talks next year but no decision has been taken on whether to do this, Pakistan's petroleum minister said on Friday.
TotalEnergies CEO doubles down on US LNG, downplays Trump tariff fears
TotalEnergies will expand its investment in U.S. LNG over the next decade as the French company seeks to cement its position as a major exporter of U.S. LNG.
China's U.S. ethane imports to surge in 2025 in drive to cut costs
Despite a growing trade war between Washington and Beijing, China's ethane imports from the U.S. are set to surge this year as big petrochemical producers battling shrinking profits switch to the cheaper feedstock flowing from the U.S. shale gas boom.
TotalEnergies CEO says U.S. financing for Mozambique LNG project expected in coming weeks
TotalEnergies CEO Patrick Pouyanne said that financing from the U.S. for its $20-B Mozambique LNG project is expected to be approved in coming weeks, with other credit agencies to follow in the months after.
Egypt signs $3 B in LNG deals with Shell and TotalEnergies
Egypt has signed deals worth about $3 B with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025.
East Timor favors Australia over Chinese firms on major gas project
East Timor would prefer to work with Australia and partners Woodside Energy and Japan's Osaka Gas over Chinese firms that have expressed interest in developing the stalled Greater Sunrise natural gas field
TotalEnergies CEO urges Europe to negotiate LNG free-trade deal with U.S.
TotalEnergies CEO Patrick Pouyanne said on Wednesday that Europe should negotiate to obtain a free-trade guarantee on U.S. liquefied natural gas (LNG), against the backdrop of an unpredictable global trade environment.
Thailand to import more U.S. ethane to reduce trade surplus
Thailand will increase U.S. ethane imports by at least 1 MMt starting from the second quarter of this year to try to reduce its trade surplus with the United States.
China tariff retaliation targets its modest U.S. energy imports
China is the world's top energy importer but its purchases from the U.S. are relatively modest, blunting the impact of Beijing's move on Tuesday to slap retaliatory tariffs on imports of U.S. crude oil, liquefied natural gas (LNG) and coal.
Europe soaked up nearly all U.S. LNG exports last month
U.S. exports of liquefied natural gas (LNG) to Europe jumped in January as cold weather drove up demand and prices for the superchilled gas rose, preliminary data from financial firm LSEG showed.
U.S. natgas prices jump 9% on colder forecast, sanctions worries
U.S. natural gas futures jumped about 9% on Monday on forecasts for colder weather and higher heating demand next week and worries about supplies from Canada related to U.S. President Donald Trump's sanctions.
Russia's January LNG exports down 5%, data shows
Russia's exports of liquefied natural gas (LNG) in January fell by 5% from a year earlier to 2.75 MM tonnes (t), LSEG preliminary data showed on Monday.
EemsEnergyTerminal launches open season to gauge operational future
EemsEnergyTerminal has entered an important new phase in determining whether the floating LNG terminal at the port of Eemshaven will be kept in operation for a longer period. An Open Season has launched to gauge the interest of market parties in the import of LNG in the near future. Such collaboration is essential for keeping the terminal operational after 2027.
EU removes energy crisis gas price cap
The gas price cap introduced by the European Union during its 2022 Russian gas crisis will expire on Friday, having not been triggered since its inception.
Bahri, Petredec partner to meet Saudi Arabia’s growing LPG and ammonia shipping needs
Bahri (The National Shipping Company of Saudi Arabia) and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands.
Emerson to acquire remaining outstanding shares of AspenTech
Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265/share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 B, and values the total company at a fully diluted market capitalization of $17 B with an enterprise value of $16.8 B.
Venture Global given OK to introduce natgas at another LNG plant as output ramps up
Federal regulators on Tuesday gave Venture Global LNG permission to introduce natural gas into the seventh block of its Plaquemines plant in Louisiana (U.S.) as the company continues to ramp up production of the superchilled gas.
Argentina's YPF nears 20 MMt of LNG deals in Asia, Europe
Argentina's state-run energy firm YPF has tied up supply deals for up to 15 MM tonnes (t) of liquefied natural gas (LNG) for buyers in Asia, the country's cabinet chief said on Tuesday, as the South American nation looks to boost energy exports.
Snam to sell stake in ADNOC Gas Pipelines to Abu Dhabi’s Lunate Investment Fund
Italy's gas grid operator Snam will sell its minority stake indirectly held in ADNOC Gas Pipelines to Abu Dhabi-based investment fund Lunate.
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