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Thursday, 13 February 2025
Free ReadTotalEnergies’ delayed Mozambique LNG project outlook is increasingly uncertain. According to the Institute for Energy Economics and Financial Analysis (IEEFA) the company had failed to convince the outgoing US Biden administration to release $4.7 bill in funding for the project, quoting an article in the UK’s Financial Times at the…
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Thursday, 13 February 2025
Plans to realise an onsite LNG regas terminal adjacent to an oil refinery on Java island are being reconsidered. Called Central Java Mini LNG terminal, the 0.84 mtpa regas project comes at an estimated cost of $152 million and would supply gas to a local refinery as well as to…
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Wednesday, 12 February 2025
Two of India’s largest state-run oil companies are about to sign deals to buy LNG from ADNOC Gas, at this week’s Indian Energy Week (IEW). Indian Oil Corp (IOC) is to purchase up to 1.2 mill tonnes a year of LNG, valued at over $7 bill for a 14-year period…
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Wednesday, 12 February 2025
An adviser to Bangladesh’s energy ministry told the IEW Conference yesterday that the country is interested in long-term LNG deals with exporters like Brunei. Muhammad Fouzul Kabir Khan said that the government is close to finalising a list of exporting countries from which it will buy LNG on a spot…
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Wednesday, 12 February 2025
Free ReadGlobal demand for LNG will see a robust rise in the next few years, while gas will likely see a more gradual dynamic and oil may peak at the beginning of the next decade, UK energy major Shell said in a report. Shell created three different scenarios for modelling energy…
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Wednesday, 12 February 2025
The European Union may need up to 350 extra LNG cargoes this year, Helge Haugane, Equinor’s head of gas and power trading, told Bloomberg News yesterday. In a worst-case scenario, European gas reserves could be only 30% full by the end of this winter, Haugane said, adding that attracting cargoes…
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Tuesday, 11 February 2025
Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and GAIL India are considering purchasing US LNG, India’s Oil Secretary, Pankaj Jain told reporters in New Delhi on Monday. He also revealed that some companies could be open to buying shares in US LNG projects. “We are talking with US on…
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Tuesday, 11 February 2025
Trinidad and Tobago, the largest producer of LNG in Latin America and the Caribbean, has seen an increase in government revenue from LNG exports. This was achieved by selling cargoes at between 15% and 55% above Henry Hub prices, Energy Minister, Stuart Young said yesterday. This increase follows a contract…
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Tuesday, 11 February 2025
Free ReadSouth Africa’s state -owned Transnet National Ports Authority (TNPA) has signed a 25-year terminal operator agreement with Zululand Energy Terminals (ZET) to develop the country's first LNG import terminal at Richards Bay's South Dunes precinct. ZET is a joint venture between Vopak Terminal Durban and Transnet Pipelines, which last year was selected as the preferred bidder to develop, construct and…
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Tuesday, 11 February 2025
LNG demand in Japan’s power sector is expected to rise by more than 10% to about 74 million tons by 2040, the government forecasts factoring in a slow build-out of renewables. Unless wind and solar power capacity expands substantially, or the cost of hydrogen and ammonia falls sharply – Japan’s…
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