Canadian PM seeks free trade deal with India, eyes LNG exports
Canada’s Prime Minister Mike Carney is pushing to advance a free trade agreement with India that would open a strategic outlet for LNG, agri-food and technology exports. The move reflects Canada’s effort to fast-track Pacific‑facing LNG infrastructure and lock in long-term offtake.
South Korea targets 18.8% share of LNG in power mix by 2030
Executives of South Korea’s state-run utility KOGAS have visited Alaska as the Ministry of Trade, Industry and Energy (MOTIE) targets to increase the share of LNG in the power gen mix from 16.9% currently to 18.8% by 2030. US LNG imports to Korea already more than doubled year-on-year amid an ongoing Free Trade Agreements renegotiation.
Santos confirms major oil and gas resources in Bedout Basin find offshore Western Australia
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Australian energy company and LNG market participant Santos has confirmed major oil and gas resources from well tests in the Bedout Basin, offshore Western Australia.
U.S. shale industry may "finally turn a profit"
Financing models of the U.S. shale oil & gas industry has for long been characterised by negative free cash flow as expectations of rising production and cost improvements led to continuous overspending in the sector. Over the last few month, however, IEA analysts have notice a “notable improvement in financial condition,” though the overall health of the industry remains fragile.
