LNG

British energy major Shell and Trinidad and Tobago’s National Gas Company (NGC) have agreed commercial terms for gas supplies from Shell’s offshore Aphrodite field, ending a pricing dispute that had stalled the Trinidad LNG export project.

The United States has offered up to $6 billion in potential financing for Argentina LNG, a proposed $51 billion integrated project led by state-controlled YPF to develop Vaca Muerta gas for export. The funding will be supplied under the Andes-Atlantic Corridor launched by the two countries on Wednesday.

TotalEnergies and its Nigerian partner AMNI have taken a final investment decision (FID) to develop the Ima gas field, set to supply about a third of the gas needed for the $10 billion Train 7 project.

Lithuania’s Ignitis has agreed to buy U.S.-linked LNG from EQT, under a sales and purchase agreement (SPA) covering 10 cargoes delivered each year between 2027 and 2036. The deal marks Ignitis first long-term SPA with a US company and introduces Henry Hub-linked pricing into its procurement portfolio.

Oil and gas prices have risen sharply after details emerged on drone attacks damaging Saudi Arabia’s East-West crude pipeline, which transports oil from the kingdom’s eastern fields to the Red Sea port of Yanbu, bypassing the Strait of Hormuz. The pipeline recently carried around 4 million barrels per day, and had to shut down following the incident.

UK NBP front-month November gas rose more than 5% to 208.36 pence per therm on the news, while Brent crude climbed above $108 a barrel.

Bangladesh has approved in principle a proposal by China National Energy Engineering & Construction Co (CNEE) to build and operate the country's third floating LNG import terminal, despite the Chinese company's regasification fee being substantially higher than those of existing terminals.

European gas prices at the Dutch TTF may need to top €100/MWh to attract enough flexible US LNG cargoes to refill storages ahead of the winter, Goldman Sachs analysts said.

Gasunie has warned the Netherlands will not meet its 115 TWh gas storage target for this winter. Storage is currently just 44-45% full, the lowest since 2009, as utilities shy away from buying LNG at current high prices.

Norway's energy minister Terje Aasland has insisted on the country’s sovereign rights to drill in the Barents Sea to sustain oil and LNG exports at current levels until 2035, even though the EU is debating a moratorium.

First commercial shale gas from Australia’s Beetaloo Basin is on track to flow in September from Tamboran Resources’ Shenandoah South drilling site, unlocking one of the world’s largest undeveloped gas resources and potentially underpin new LNG export capacity.