economics
Russia's Gazprom to launch two Amur gas processing lines in 2024
Gazprom, Russia's largest natural gas company, plans to launch two more processing lines at the Amur gas processing plant early next year.
Chevron gambles on untested laws to halt Australia LNG strike action
Chevron Australia no longer expects to reach a deal with unions and will instead pursue an untested legal strategy to stop industrial action at its Gorgon and Wheatstone LNG facilities as unions prepare for full scale strikes.
EU has no immediate plans to ban Russian LNG, says Spain's Ribera
The European Union has no short-term plan to ban Russian LNG despite soaring imports to the bloc, Spain's energy minister said, citing fears of another price spike.
Strikes start at major Chevron Australia LNG projects, no talks planned
Workers at Chevron's LNG projects in Australia went on strike after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply.
Asian spot LNG prices slip on tepid demand, Australia strike offers no support
Asian spot LNG prices inched down this week on tepid demand, even as supply concerns deepened after workers at Chevron's Australia LNG projects went on strike.
Spain relying on Russian gas as overall imports fall
Spain is increasingly relying on Russian natural gas even though its overall imports are falling.
German parliament passes bill phasing out oil and gas heating systems
Germany's lower house of parliament passed a bill on phasing out oil and gas heating systems after months of wrangling, but the watered-down bill means the sector's 2030 climate goal cannot be reached.
LNG suppliers pin hopes on China for long-term demand
Suppliers of LNG are betting on China to drive demand for the super-chilled fuel over the longer term despite last year's slowdown, as the country locks in multi-year supply deals.
JERA sees muted impact on LNG prices from potential strike in Australia
Japan's JERA, one of the world's biggest buyers of LNG, expects a muted impact on the market from a potential strike in Australia thanks to high stocks and low seasonal demand.
Buoyant LNG industry bets it's in the energy mix for decades
The LNG industry has changed its tune from saying it is a transition fuel on the path to net-zero emissions, to believing it is an integral part of the solution and will be necessary for decades to come.
Chevron LNG workers in Australia to further delay planned strikes
Workers at Chevron's liquefied natural gas facilities in Australia have agreed to further delay a planned strike to later on Friday.
Chevron, unions in final talks before planned Australia LNG strikes
Chevron and a union alliance are holding a final round of talks before planned strike actions at two major LNG facilities in Australia as ongoing disputes over pay and conditions remained unresolved.
India seeks more natural gas amid emergency measures to end blackouts
India is seeking additional volumes of natural gas and has asked utilities to expedite completion of power plant maintenance, as part of emergency steps to stop electricity outages.
Asian buyers to mop up LNG supply surge in next 5 years
Asian buyers will quickly absorb a surge in supplies of LNG coming to market over the next five years.
UAE's ADNOC to proceed with Habshan carbon capture project
ADNOC said it had reached a final investment decision to develop the Habshan carbon capture project.
Exxon eyes China LNG downstream opportunities
Energy major ExxonMobil sees China as a strong long-term growth market for LNG despite a recent slowdown in demand there and is looking at potential downstream opportunities in the country.
Japan's Inpex interested in buying U.S. LNG linked to Henry Hub prices
Inpex, Japan's top oil and gas producer, is interested in buying LNG from the United States linked to the Henry Hub prices.
Tellurian and Baker Hughes announce agreement for Driftwood LNG Phase 1 liquefaction equipment
Tellurian Inc. and Baker Hughes announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project.
Venture Global and Baker Hughes announce expanded master equipment supply agreement
Venture Global LNG announced its long-term expansion plan to increase production from 70 mtpa to more than 100 mtpa of nameplate LNG export capacity.
Asian LNG buyers face volatile market until 2026
Asian LNG buyers are navigating a near-term market that is so finely balanced that any supply disruptions or demand upsides could cause significant price volatility.
Ministers, CEOs and global business leaders commit to unified industry action towards net zero on opening day of Gastech 2023
Gastech 2023, the world’s largest meeting place for natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies, opened today welcoming record-breaking numbers to Singapore EXPO.
bp enters third long-term LNG offtake contract from Woodfibre’s British Columbia LNG facility
bp has entered its third long-term LNG offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.
Bunker fuel market to convert to LNG in next 10 years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years.
EU proposes permanent scheme for joint gas purchases
The European Commission has proposed making the EU's scheme for joint gas purchases permanent, after demand exceeded expectations in the policy's first tenders to seek non-Russian fuel.
Thailand regasification capacity to nearly double by 2030
Thailand's annual gas regasification capacity will nearly double by the end of the decade as LNG imports are set to rise to replace declining domestic production.
Global gas prices still seen volatile, even as Europe in a better position
Global gas prices are expected to remain volatile, even though Europe is better positioned heading into winter this year.
Chevron Australia labor row escalates with two-week walkout plan
Workers at Chevron's Gorgon and Wheatstone LNG projects in Australia plan a total strike for two weeks from Sept. 14, a union alliance said on Tuesday, in a significant escalation on disputes over pay and conditions.
MET Group signs energy supply deal with Commonwealth LNG
Switzerland-based energy trader MET Group said it has signed a preliminary agreement with Commonwealth LNG to buy LNG from the U.S. company's facility currently under development in Cameron, Louisiana.
TES partners with Osaka Gas to develop large scale e-NG value chain
TES announced that it has entered into an agreement with Osaka Gas UK to jointly collaborate on developing the e-NG value chain and conduct joint studies on a wide range of e-NG1 related subjects.
Technip Energies launches SnapLNG by T.EN, a solution for low-carbon and accelerated time to market LNG production
Technip Energies presents SnapLNG by T.EN, an innovative modular, pre-engineered and standardized solution for LNG decarbonized production and accelerated time to market with unparalleled certainty and plant reliability.
