economics
EU won't ban Russian LNG until it secures alternatives, diplomats say
The European Commission did not propose a ban on Russian liquefied natural gas (LNG) in its latest package of sanctions because member states raised concerns about first securing alternatives including from the U.S., EU diplomats said.
ADNOC Gas strengthens partnership with JERA global markets through new LNG agreement
ADNOC Gas Plc. and its subsidiaries (ADNOC Gas or the company), a world-class integrated gas processing company, has signed a $450-MM (AED1.653-B) 3-yr liquefied natural gas (LNG) supply agreement with JERA Global Markets Pte. Ltd.
Former Golden Pass LNG contractor to emerge from bankruptcy by end of March
Zachry Holdings said the U.S. Bankruptcy Court for the Southern District of Texas on Friday approved its reorganization plan, paving the way for it complete the process no later than the end of March.
Argent LNG (U.S.) to provide 5 MMtpy to Bangladesh
Argent LNG, which is developing a 25-MMtpy LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to purchase up to 5 MMtpy of LNG, the company said in a statement on Friday.
Petronet CEO: Rise in U.S. LNG production to benefit
An increase in LNG production in the United States after President Donald Trump ended a moratorium on new export permits should benefit consuming nations like India, the chief executive of the country's top gas importer said on Monday.
U.S. EIA expects higher wholesale U.S. natural gas prices as demand increases
The U.S. Energy Information Administration (EIA) expects increases in the Henry Hub natural gas price in 2025 and 2026 as demand for natural gas grows faster than supply, driven mainly by more demand from U.S. liquefied natural gas (LNG) export facilities, reducing the natural gas in storage compared with the last two years.
China stimulus to lift 2025 gas imports, but trade war may curb growth
China's natural gas imports are forecast to rise in 2025, with liquefied natural gas (LNG) shipments headed for a record as economic stimulus plans lift demand from industries, although analysts and traders said trade tension with the U.S. may cap growth.
U.S. natural gas prices fall 3% on forecasts for milder weather, lower LNG feedgas
U.S. natural gas futures slid about 3% on Friday on forecasts for milder weather over the next two weeks than previously expected and a recent drop in gas flows to liquefied natural gas (LNG) export plants, due in part to the shutdown and slow return of Freeport LNG's plant in Texas.
Venture Global debut to test appetite for energy IPOs after Trump's policy pivot
Venture Global LNG will debut on public markets on Friday after sharply lowering its IPO valuation to $60.5 B, but still set to be one of the largest U.S.-listed energy companies.
More U.S. LNG exports to Europe will help market, Uniper CEO says
More U.S. exports of LNG to Europe as called for by President Donald Trump will relieve tight global markets, reduce prices and help traders diversify their supplies, the head of German utility Uniper said.
Italy, Saudi Arabia sign energy cooperation agreement, including low-carbon hydrogen, ammonia and CCS
The cooperation focuses on renewable energy, reducing methane emissions, power interconnections, renewable and low-emissions hydrogen and ammonia, and carbon capture and storage systems
IEA: Global gas markets to remain tight on rising demand
Global natural gas markets will remain tight this year as demand rises and output grows more slowly than before the energy crisis of 2022 and the pandemic of 2020-2021, a quarterly report by the International Energy Agency (IEA) said.
Argentina's YPF signs deal with Indian firms to export LNG
Argentina's state-run oil company YPF signed a memorandum of understanding with three Indian firms to potentially export up to 10 MMtpy of liquefied natural gas.
Portugal to import more US, Nigerian LNG, aims to end Russian supply
Portugal plans to increase purchases of liquefied natural gas (LNG) from the U.S. and Nigeria as it aims to end already dwindling supplies from Russia, Environment Minister Maria da Graca Carvalho said on Tuesday.
LNG traders divert six U.S. cargoes to Europe from Asia
Traders diverted at least six cargoes of liquefied natural gas (LNG) that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand.
Trump lifts freeze on U.S. LNG export permit applications
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's policies.
Azerbaijan resumes gas supplies to Bulgaria
The Azerbaijan Gas Supply Company has resumed natural gas supplies to Bulgaria which were interrupted nearly two weeks ago due to unplanned maintenance at the Shah Deniz Alfa gas platform.
U.S. natural gas demand expected to hit record high on Tuesday
U.S. natural gas demand is on track to reach a record high on Tuesday, as extreme cold hits much of the U.S., stressing power grids and some oil and gas operations.
Trump to declare 'national energy emergency' to boost fossil fuels, power projects
President Donald Trump laid out a sweeping plan to maximize already record high U.S. oil and gas production by declaring a national energy emergency, stripping away excess regulation, and withdrawing the U.S. from an international pact to fight climate change.
Poland to cut imports of Russian LPG by 80%
Poland, the largest importer of Russian liquefied petroleum gas (LPG), is set to cut its purchases this year by around 80% due to Western sanctions on Moscow over Ukraine, the Polish LPG association (POGP) said.
Moldova's separatist enclave hopes Russia will resume gas supplies soon
Moldova's breakaway Transdniestria region expects to receive Russian gas again soon to meet its needs, its leader Vadim Krasnoselsky said on Wednesday, two weeks into crippling power cuts in the Russian-backed enclave.
U.S. natgas prices rise to 2-yr high on record demand forecasts
U.S. natural gas futures rose about 1% to a 2-yr high on Wednesday on forecasts for more frigid weather over the Martin Luther King Jr. Day holiday weekend than previously expected, which could freeze gas wells and pipes and boost gas demand for heating to a record high.
Ten EU countries call for sanctions on Russian gas, LNG
Ten European Union (EU) countries have called for the 27-nation bloc to ban imports of pipeline gas and liquefied natural gas (LNG) from Russia, as Europe debates fresh sanctions on Moscow over the war in Ukraine.
Russia says potential bankruptcy or sale of Nord Stream 2 gas pipeline operator would be ‘theft’
Russian Foreign Minister Sergei Lavrov said on Tuesday that the potential bankruptcy or sale of the operator of the completed but never launched Nord Stream 2 gas pipeline would amount to "theft."
KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit
KT-Kinetics technology will provide engineering, procurement, construction and commissioning services for a 38,000 m3/hr hydrogen production unit which is expected to be operational by the second half of 2028.
EU plans to let gas price cap expire, sources say
The European Union intends to let its gas price cap expire as scheduled at the end of this month, EU diplomats said, in a sign the worst of Europe's energy crisis from 2022 has passed.
U.S. natgas prices climb 4% on colder forecasts, record LNG feedgas
U.S. natural gas futures climbed about 4% to a one-week high on Friday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected and record flows of gas to liquefied natural gas (LNG) export plants.
TotalEnergies to pay $5 MM to settle U.S. FERC natgas manipulation case
A unit of French energy company TotalEnergies has agreed to pay $5 MM to settle claims by U.S. energy regulators that it and some of its traders allegedly manipulated the natural gas market in 2009–2012.
Austria's OMV agrees to supply Romanian gas to Germany
Austria's OMV has struck a deal to supply Germany's Uniper with gas from its Black Sea project from 2027, as Europe seeks new ways to boost energy security after cutting ties with Russia.
Europe's LNG imports surge, but not at Asia's expense
Europe's imports of liquefied natural gas (LNG) surged to an 11-month high in December, but the gain didn't come at the expense of Asia, which also recorded higher arrivals.
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