Europe
Venture Global wins LNG arbitration case brought by Spain's Repsol
Venture Global has now won two of three arbitration cases brought by major energy firms Repsol's contract with Venture Global involves 1 million metric tons annually for 20 years Venture Global shares rose more than 17% in post-market trading after the announcement Venture Global said an ..
Global LNG supply set to jump in 2026, limiting prices and spurring demand
This year marks the start of a large wave of supply that analysts expect to last until 2029, depressing prices that could drive more demand from emerging economies.
EnviTec Biogas begins first feed-in of new biogas and gas upgrading plant in Italy
The newly completed biogas and gas upgrading plant in Soncino near Cremona, Italy, is feeding 237 Nm³/h (250 Sm³/h) of biomethane into the public gas grid as of today. “This is a reason to celebrate together with our long-standing customer, the agribusiness entrepreneur Dr. Francesco Avogadri,” says..
European gas prices rebound on low storage levels, weak LNG flows
Dutch and British gas contracts rose on Tuesday morning, with attention again turning to gas storage, which is now half empty, weaker flows of liquefied natural gas (LNG), and the deterioration in the relationship between the U.S. and Europe.
EemsGas receives €30 million investment subsidy for major green gas project in the Netherlands
EemsGas – one of the largest green gas production facilities in the Netherlands with an investment of €100 million – has received €30 million in DEI+ investment subsidies from the Dutch government. Sustainable raw materials producer Perpetual Next, which holds a 50% stake in EemsGas, announced this ..
Azerbaijan starts natural gas supplies to Germany and Austria
Demand for Azerbaijan's gas has risen as Europe has sought to end its reliance on Russian gas following the invasion of Ukraine.
Opinion: What excites and worries LNG exporters in 2026
The year 2025 in the LNG sector will be one for the history books after production and exports of the super-chilled fuel smashed records and raked in billions of dollars in revenues across the global liquefied natural gas supply chain.
Ukraine will not restrict gas supplies to consumers despite Russian attacks
Russia has been attacking Ukraine's energy sector on an almost daily basis since last year, targeting electricity producers and transmission systems as well as gas production and transportation facilities.
Moeve signs agreement with Pretium Renovables to build up to six biomethane plants
The companies have reached an agreement to develop between four and six biomethane plants, each with an estimated production capacity of 60 GWh per year Andalusia is the priority region for the rollout of the projects, which will reduce CO₂ emissions by around 14,600 tons per year per plant, ther..
Spain's LNG imports from U.S. soar to nearly a third of gas supply in 2025
The increase bumped up the U.S. to replace Russia as Spain's second-largest supplier after Algeria, which also pumps gas directly to Spain through pipelines.
European benchmark hits 7-week high on cold, low storage, geopolitics
Intensified geopolitical tensions on reports the United States is considering military and cyber options against Iran has raised the risk of potential disruptions to LNG supply chains.
Norway pipeline gas export down 2.3% in 2025, seen steady this year
The broadly steady level of supply was a result of well-planned maintenance, stable production and record high availability of terminals, onshore plants and pipelines.
Hungary's Orban says U.S. intervention in Venezuela good for energy markets
U.S. President Donald Trump, Orban's ally, who has exempted Hungary from U.S. sanctions on Russian energy for the 2026 Hungarian election year, has made clear that he wants to share in Venezuela's oil riches.
China received 22 shipments of LNG from sanctioned Russian projects in 2025
One shipment was from Portovaya and the rest were from the Arctic LNG 2 project. The U.S. and EU have sanctioned the projects to curb revenue reaching Russia following its invasion of Ukraine.
Russia's pipeline gas exports to Europe fall 44% to lowest in decades
The EU has said it will cease importing Russian gas by the end of 2027, as part of its effort to overcome the bloc's dependency on Russian energy and to withhold funds that could be used for its military campaign in Ukraine.
Australia's Woodside signs binding LNG supply deal with Turkey's BOTAS
Australia's Woodside Energy said it had signed a supply agreement with Turkish state-owned petroleum company BOTAS to deliver around 5.8 billion cubic meters of liquefied natural gas for up to nine years, starting in 2030. This deal converts the non-binding head of agreement signed by the two parti..
Five energy market trends to track in 2026, the year of the glut
This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.
Russia delays LNG output target of 100 MMtpy due to sanctions
Russia's long-term plans to gain a fifth of the global LNG market by 2030–2035, from 8% currently, have been challenged by sanctions imposed over the conflict in Ukraine, including against the new Arctic LNG 2 plant.
Russia almost doubles LPG exports to Central Asia, Afghanistan this year
Moscow has had to divert supplies of LPG, or propane and butane, from Europe, which introduced restrictions on LPG imports from Russia in December 2024 over the war in Ukraine.
Russia's pipeline gas exports to China seen up 25% this year
Russia has re-routed most of its oil to India and China since the start of the war in Ukraine in 2022 as Moscow and Europe - once its main commodity export market and source of revenue - severed ties.
SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM
SOCAR already owns the Petkim petrochemical complex and the STAR oil refinery in Turkey, and the acquisition further expands the company's footprint in the country's energy sector.
LNG tanker Kunpeng loads cargo from Russian plant under sanctions
The Kunpeng arrived at the Portovaya LNG terminal, was unloaded on December 18 and departed with a cargo on December 21, according to ship-tracking data from analytics firm Kpler. LSEG data also shows the tanker arriving and leaving the terminal on the same dates.
U.S. allows oil sales from Russia's Sakhalin-2 project through June 18
The general license, issued by the U.S. Treasury Department, is important for U.S. ally Japan, which gets about 9% of its LNG from Russia.
Russia's Sibur ships LPG from Ust-Luga to China for the first time
Sibur mostly supplies LPG to Turkey, but demand for LPG in the country has been declining by 5%–6% annually, traders said, and Algeria and the U.S. dominate its market.
Snam to acquire partner's stake in Offshore LNG Toscana
Snam has agreed to acquire Igneo Infrastructure Partners’ 48.2% interest in OLT – Offshore LNG Toscana S.p.A. (OLT), operating the FSRU Toscana offshore Livorno. The total consideration of the acquisition, including Igneo’s interest as well as the remaining part of the shareholder loan provided by I..
Azerbaijan’s SOCAR and Hungary's MVM sign new gas supply deal
Azerbaijan's gas has been increasingly in focus since gas exports from Russia to Europe collapsed in the wake of Moscow's invasion of Ukraine in February 2022 and subsequent Western sanctions.
Gazprom delivers first post-sanctions LNG cargo from Portovaya to China
Exports were suspended in February this year following the introduction of the U.S. sanctions over Ukraine to directly disrupt Russia's ability to produce and export LNG and reduce Russia's revenue from LNG exports.
Hungarian energy group MVM prepares to phase out Russian gas, if needed
The European Union agreed on Wednesday to phase out Russian gas imports by late 2027 as part of an effort to end the bloc's decades-long energy dependency on Moscow, with short-term pipeline gas contracts affected from as soon as June 2026. Landlocked Hungary opposes the move, and said it would challenge the legislation at the EU's Court of Justice.
The European countries most impacted by Russian gas phase-out
To help outline potential grounds for dispute among impacted countries, below is a breakdown of Europe's most gas-dependent nations and key regional gas import trends.
Turkey extends Russian gas imports for a year as it plans U.S. investment
Turkey is Russia's last major natural gas market in Europe after years of war-related Western sanctions on Moscow. It imports a total of 22 Bm3 of gas under the Gazprom contracts that expire at the end of the year, amounting to less than 40% of Turkey's overall gas mix, down from more than 50% in 2018.
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Freeport LNG export plant in Texas to take in more natgas after unit shut on Monday
- Aramco's Jafurah gas plant (Phase 1) begins output
- U.S. natural gas prices surge 4% to 35-month high in cold snap
- LNG cool-down vessel arrives at ExxonMobil's Golden Pass plant in Texas
