British energy regulator Ofgem today approved the first £28 billion ($37.33 billion) of a total £90 billion of investment in UK power and gas network companies – including greater capabilities for LNG imports.
With the arrival of the ‘Nguya’ FLNG and the introduction of gas into the offshore infrastructure system, Italian energy company, Eni has announced the start-up of Congo LNG’s Phase 2, ahead of schedule.
Following the UK and Dutch governments withdrawal of financial support for Mozambique LNG, developer TotalEnergies has issued a statement.
An onshore gas treatment plant for the New Gas Consortium (NGC) Quiluma & Maboqueiro, built by Saipem on behalf of Azule Energy, recently came online.
Australia’s Squadron Energy has opted for Spanish terminal operator, Reganosa to operate and maintain a new LNG terminal in New South Wales, Australia.
Itochu, Osaka Gas and Toho Gas agreed to offtake e-LNG, or synthetic methane, from a plant developed by TotalEnergies and TES in Nebraska. The Japanese trio took a combined 33.3% stake in the Live Oak e-NG project and the related offtake will help the project reach FID in early 2027.
Asian economies take advantage of falling LNG prices by switching from gas- to coal-fired generation. “Around 30% of the 380 billion cubic metres (bcm) of gas demand growth has come from coal-to-gas switching since 2010, and virtually all of this happened in China," the International Energy Agency (IEA) finds.
Russia's LNG exports fell by 2% in the period January to November this year to 28.4 mill tonnes, according to LSEG’s data, analysed by Reuters.
Argentina has signed a heads of agreement (HoA)k which will lead to its first long-term LNG sales agreement.
US demand for natural gas to be liquefied into LNG surpassed 19 bill cu ft on Friday of last week.