Vietnam bets big on LNG, South China Sea gas fields amid supply, security risks

Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported LNG and its reserves in the South China Sea, despite supply and geopolitical risks.

The EU will ban Russian LNG 'sooner than later,' Spain’s energy minister says

European Union countries will agree sooner rather than later to ban import of LNG from Russia.

Cheniere strikes LNG supply deal with Korea Southern Power

Cheniere Energy Inc said it has entered a long-term deal to supply LNG to Korea Southern Power Co Ltd.

Germany's LNG import terminals tackle challenges

A German government-backed LNG terminal project at Mukran on Ruegen island in the Baltic Sea, near existing LNG reception facilities delivering into the mainland port of Lubmin, will be downsized.

Executives say Australia gas moves may hit long-term energy investment

The Australian government's repeated intervention in domestic gas prices could have long-term repercussions on investments in its wider energy sector, industry executives warned.

Bangladesh rocked by power cuts as cyclone hits gas supply

Bangladesh faced its worst power cuts in over seven months as a deadly storm forced the closure of both its floating LNG terminals, less than a month after a scorching heatwave caused widespread outages in the south Asian country.

Woodside open to talks with Chinese firms for Scarborough gas project

Woodside Energy Group said it is open to talks with Chinese firms to invest in its $12-B Scarborough liquefied natural gas project in Australia.

Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy

Technip Energies is pleased to announce that a joint venture, led by Technip Energies in partnership with Consolidated Contractors Company, has won a major Engineering, Procurement, Construction and Commissioning contract by QatarEnergy for the onshore facilities of the North Field South Project.

Germany scales down LNG terminal plans as supply crisis eases

Germany will almost halve planned capacity for LNG terminals in the Baltic Sea as Berlin revaluates its LNG needs given local resistance and an easing of energy bottlenecks.

Shell halts production at Prelude floating LNG facility

Shell has suspended production at its Prelude floating LNG facility off Western Australia due to problems with its processes and is working through steps to restart production at the world's largest floating LNG platform.

Asian spot LNG prices fall for third straight week to near 2-yr low

Asian spot LNG prices fell for the third straight week to the lowest level in nearly two years due to weak demand from top regional importers and as inventories remained high.

U.S. permit crackdown poses new hurdles for proposed LNG projects

The U.S. Department of Energy's refusal to grant export permit extensions to LNG developers that fail to meet a construction deadline poses a new hurdle for greenfield plants.

ADNOC Gas reports Q1 2023 net income of $1.3 B, up 9% year-on-year

ADNOC Gas plc announces its first quarterly financial results since its formation and initial public offering, for the three months ended March 31, 2023.

Finland's Gasum not taking LNG from Russia's Kryogaz

Finnish energy provider Gasum has not been taking cargoes of liquefied natural gas for about a month from the Russian Kryogaz-Vysotsk plant controlled by Novatek citing data from analytics group Kpler.

UAE's ADNOC says 'business as usual' in Asia

Abu Dhabi National Oil Company sees no dip in demand from Asian customers as cheap Russian oil flows into the continent on the back of Western sanctions on Moscow, a senior executive said.

GAIL plans $4.9-B ethane cracker in West India

GAIL Ltd, the country's top gas supplier, plans to build a $4.89-B ethane cracker near its LNG import plant in Western India as it seeks to meet an expected surge in demand.

Spain's Endesa faces $411-MM claim in LNG contract dispute

Spanish power utility Endesa faces a claim of $411 MM as part of an arbitration process launched by a liquefied natural gas producer in March.

Osaka Gas sees profit jump in FY23/24 after Freeport LNG restarts

Japan's Osaka Gas Co predicted that its net profit will double to ¥116 B in the current fiscal year to March 2024 after the restart of exports from the U.S. liquefied natural gas company Freeport LNG.

PetroVietnam Gas gets country's first LNG import-export approval

PetroVietnam Gas said it had received a certificate from local authorities to become the country's first company eligible to import and export LNG.

Equinor's Hammerfest LNG plant offline after outage

Equinor's Hammerfest LNG plant in Arctic Norway suffered a compressor failure and is expected to remain offline until May 19.

Asian spot LNG prices hit 23-month low amid weak restocking demand

Asian spot LNG prices hit a 23-month low on mild weather and weak restocking demand in China, Japan and Korea, while Europe enjoys 60% full inventories ahead of summer.

U.S. natural gas futures ease to 3-week low on record output and lower LNG exports

U.S. natural gas futures eased about 1% to a fresh three-week low on output and after the amount of gas flowing to U.S. LNG export plants declined due to spring maintenance.

New Fortress Energy could install Fast LNG units onshore at Altamira, Mexico

U.S. energy company New Fortress Energy Inc said it could install the second and third of its Fast LNG production units onshore at Altamira in Mexico in the second half of 2024.

India's top gas importer sees 'huge jump' in demand as prices ease

India's top gas importer Petronet LNG expects a 'huge jump' in local gas demand for at least six months due to a softening of global prices of liquefied natural gas.

Timor Gap CEO expects Great Sunrise gas project decision by November

The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.

Mexico Pacific to pump $14 B into pipeline and plant

Mexico Pacific is set to build a natural gas pipeline and liquefaction plant in the northern state of Sonora for an investment of up to $14 B.

Cheniere raises 2023 core earnings forecast after strong quarter

Top U.S. LNG exporter Cheniere Energy Inc raised its 2023 core earnings forecast after reporting a quarterly profit compared with a year-ago loss, sending its shares up about 1.8% in premarket trading.

UAE's ADNOC swaps Fujairah for Ruwais as location for LNG export project

he UAE's state energy firm ADNOC said its planned LNG  project would move forward in the Al Ruwais Industrial City in Abu Dhabi and not in the emirate of Fujairah.

U.S. LNG exports go full steam ahead, sales to Latin America rise

U.S. producers of LNG exported at top capacity in April for a second consecutive month, with over two-thirds of shipments bound for Europe and rising volumes to Latin America.

Sakhalin Energy to start maintenance at LNG plant

Russia's Sakhalin Energy will start maintenance at its LNG plant in July, without providing the timeframe for the maintenance.