economics
EBRD seeks to boost support for Ukraine's Naftogaz
Large and coordinated Russian air attacks on Ukraine's energy infrastructure earlier in October forced the country to suspend activities at several major gas facilities.
Santos’ GLNG plant to stop buying Australian domestic gas for export by 2027
Australia exports far more gas than it consumes, but its major reserves are located mostly in the northwest, a long way from the populous southeast, which is facing shortfalls as output declines from its mainstay gas source.
Qatar's energy minister warns EU law could stop it supplying LNG to Europe
Qatar supplies 12%-14% of Europe's LNG since Russia's invasion of Ukraine Qatar's energy min says calls to EU Commission go unanswered Changes proposed by EU lawmakers this week don't address Qatar's key concerns Qatar will not be able to do business in the EU, including supplying Europe ..
Ukraine prepares for record gas imports after Russian attacks, Zelenskiy says
Ukraine's cash-strapped government is in talks with international allies to raise funds to cover the cost of increased imports.
EU agrees to gradually end Russian gas imports by January 1, 2028
EU energy ministers on Monday backed a proposal to phase out Russian oil and gas imports to the bloc by January 2028, the Council of the European Union said. The ministers approved the plans, which would phase out new Russian gas import contracts from January 2026, existing short-term contracts fro..
Western pressure to hit Asian buying of Russian oil and LNG from December
Washington is exerting pressure on China, India and Japan through trade talks to reduce their purchases of Russian oil and LNG, while Britain has just imposed sanctions on Chinese and Indian entities.
European prices rangebound on stable demand, strong LNG flows
Dutch and British gas prices were slightly up on Thursday morning, trading in a narrow range, on stable demand and strong flows of liquefied natural gas (LNG). The benchmark Dutch front-month contract at the TTF hub was up 0.35 euro at 32.18 euros per megawatt hour (MWh), or $10.99/MMBtu, by 0810 G..
Bulgaria secures liquefied gas to meet winter energy demand
Bulgaria will receive a total of four cargoes of U.S. liquefied natural gas from TotalEnergies, Metlen and Shell to supply its households and industries over the winter months, state gas company Bulgargaz EAD said. Bulgaria, a European Union and NATO member, has relied on Azeri pipeline gas and liq..
Chevron pushes for input in Venture Global request for Plaquemines LNG startup extension
Last month, Venture Global asked the Federal Energy Regulatory Commission to give it until the end of 2027 to commission the Plaquemines plant, citing challenges stemming from the Covid-19 pandemic.
U.S. ethane exports are expected to grow through 2026
U.S. ethane exports are poised for significant growth through 2026, driven by robust global demand for ethane as a petrochemical feedstock, substantial U.S. export capacity expansions, and larger vessels to carry ethane exports. In the EIA’s October Short-Term Energy Outlook, we forecast U.S. ethane..
Chile reduces green hydrogen production targets due to market prospects
Chile will reduce its green hydrogen production targets amid diminishing global market prospects, Energy Minister Diego Pardow told Reuters on Wednesday. In an interview with Reuters during Energy Week in Santiago, Pardow said the adjustment would be published before the end of the current administ..
Venture Global shares sink as bp's arbitration win renews worries over pending disputes
Venture Global, the second-largest U.S. liquefied natural gas supplier, is facing other arbitration claims with customers seeking compensation of more than $4 B linked to the delayed commercial startup of the Calcasieu Pass project.
Uniper study: Full gas storage facilities are a protective shield for the German economy
The fourth quarter of 2025 and the first quarter of 2026 would be particularly critical, when high consumption peaks meet weaker consumption and lower exports.
EU's plan to phase out Russian energy clears first political hurdle
The EU is negotiating legal proposals to phase out Russian oil and gas by January 2028, attempting to deprive the Kremlin of revenues to fund its war in Ukraine.
LNG demand for ships set to at least double by 2030 globally
LNG is pulling ahead of other fuels in decarbonizing shipping, which accounts for nearly 3% of emissions, as supply and infrastructure hurdles cloud the outlook for cleaner alternatives methanol and ammonia.
Opinion: Europe can flatter Trump and sting Putin by ditching niche Russian fuels
The EU has come under pressure from the United States to accelerate the bloc’s plan to wean itself off Russian fossil fuels by the end of 2027.
Ukraine's Naftogaz gets €300-MM loan for gas purchases for winter
Naftogaz has stepped up efforts to secure additional funding to purchase sufficient gas to get Ukraine through winter after Russian strikes on production facilities cut domestic output by 40%.
KKR invests in ADNOC gas pipeline infrastructure in Middle East push
The transaction follows KKR's 2019 investment in ADNOC's oil pipeline network, a first for a foreign asset manager in Gulf energy infrastructure.
MidOcean, backed by EIG and Aramco, buys into Petronas stake in LNG Canada
LNG Canada shipped its first cargo in June, opening the first direct route for LNG from North America's Pacific coast to a huge market of buyers in Asia.
Baker Botts advises Sempra Infrastructure Partners on long-term LNG sale and purchase agreements
The agreements are related to the Port Arthur LNG Phase 2 project, which is under construction and achieved a positive final investment decision.
TotalEnergies will supply 200,000 tpy of LNG to HD Hyundai Chemical until 2033
In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027. Thanks to this agreement, with prices indexe..
Asian spot LNG prices decline on tepid demand, ample inventories
Asian spot liquefied natural gas (LNG) prices declined this week on lackluster demand and are expected to remain under pressure as ample inventories and stronger Chinese gas production limit interest in spot purchases.
EU's proposed 19th package of Russia sanctions closes LPG loophole, Poland says
The 12th sanctions package from 2024 had excluded some types of LPG, such as butane and isobutane, used mainly as a feedstock for production of other petrochemicals.
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
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- 236-mile Texas-to-Gulf pipeline reaches FID in $2.3-B LNG expansion push
- Bechtel shares findings of tragic accident at Port Arthur LNG facility
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
