LNG

Italian energy company, Eni has agreed a long-term LNG supply agreement with major US plant developer, Venture Global.

Italian infrastructure company, Snam, has signed a memorandum of Co-operation with Gas Transmission System Operator of Ukraine (GTSOU).

The expiry of some long-term LNG contracts held by the three Queensland LNG consortia from 2030 offers an opportunity for the Australian government to ensure any future contracts include provisions to supply the domestic market.

Freeport LNG’s Texas export terminal was set to increase natural gas intake last week, following a shutdown of one of its three liquefaction trains earlier in the week, according to a company filing with state regulators and gas flow data from LSEG, newswires reported.

The Sabah government, through a company called SMJ Energy, has signed a heads of agreement (HoA) with Malaysia’s Petronas LNG to acquire 25% equity stake in the $3.1 bill nearshore FLNG (ZLNG) unit earmarked for Sipitang.

Portugal's energy company Galp Energia has raised its core profit target for the full year after a better than expected performance in the second quarter.

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In the first half of this year, the European Union imported a record 75 bill cu m of LNG.

Asian LNG buyers are expected to ramp up interest during the summer months on extra cooling demand on the back of a heatwave in northeast Asia.