LNG

India’s Petronet LNG (PLL) and Oil and Natural Gas Corp (ONGC) have signed a master regasification agreement (MRA) whereby PLL will provide LNG regasification services at the Dahej receiving terminal.

Latin America LNG project developer, Caribe LNG has closed a minority equity investment with Six One Commodities (61C).

KN Energies, the operator of the Lithuanian Klaipėda LNG terminal, plans to launch a long-term LNG terminal capacity allocation procedure for the period 2033–2044 later this year.

As a first step, the company has initiated a market sounding process.

Prior to commencing the procedure, KN seeks to obtain feedback from market participants on the main proposed conditions.

For this purpose, the company is conducting a market survey.

The market sounding is open until 6th February, 2026.

The European Council, responsible for the 27 EU member states, has formally adopted regulations to phase out Russian imports of both pipeline gas and LNG.

Indian Prime Minister, Narendra Modi, has announced that the government' will back the building of LNGCs, marking a significant development in India's maritime infrastructure sector.

Argentina’s Río Negro provincial government has signed a memorandum of understanding (MoU) with state controlled energy company, YPF to establish a regulatory framework and institutional co-operation aimed at developing the Argentina LNG project.

bp is still interested in cross-border opportunities with Venezuela, despite the Caracas government suspending all bilateral energy agreements with Trinidad and Tobago last year, the UK energy major’s country head, David Campbell, said at an energy conference held in Port of Spain.

Both Shell and bp had been granted licenses by the US and Venezuela to develop offshore natural gas projects at the maritime border, which contains huge reserves.

"There is an industrial logic that says there are resources across the border where people are perhaps more cautious to invest, right next to our underutilised assets like Atlantic LNG and Point Lisas," Campbell said.

"It is an obvious project to have," he added in reference to Cocuina-Manakin, the gas project bp and Venezuela's state-run PDVSA had been planning.

Cocuina-Manakin contains gas deposits that extend across both countries, thus joint development is needed to begin production, after the exploration phase was completed several years ago.

About 10% of all of bp's capital spending worldwide went to energy projects in Trinidad last year, Campbell revealed during the conference.

Major gas consuming regions recorded an increase in demand in late 2025, according to the January report from Dubai-based Gas Exporting Countries Forum (GECF).

Asian spot LNG prices rose for a second week in a row to hit a nine-week high, as lower winter temperatures across the northern hemisphere lifted heating demand.

The African Development Bank’s Board has approved a $150 mill senior loan to support the development of the ‘Coral Norte’ FLNG project.