LNG

Indian State-owned Oil and Natural Gas Corp (ONGC) has signed a master LNG sale and purchase agreement (MSPA) with French energy major, TotalEnergies Gas & Power (TEGPL).

GAIL (India) has agreed in principle with Japanese major, Kawasaki Kisen Kaisha (“K” Line) and its Indian business partner, J M Baxi Group, to jointly own an LNGC currently under construction by Samsung Heavy Industries (SHI).

Mozambique’s government has confirmed that its President, Daniel Chapo and TotalEnergies CEO, Patrick Pouyanne, would relaunch the country’s LNG project today (Thursday).

“The resumption of the project represents a significant milestone for the national economy and reaffirms the confidence of international partners in the energy, institutional and human potential of Mozambique,” a statement from Chapo’s office said.

Construction of the $20 bill project was halted in 2021, due to an Islamist militant attack, but late last year, TotalEnergies said it was ready to resume work at the site, located in the northern province of Cabo Delgado.

Mozambique LNG is owned by TotalEnergies (26.5%), Japan’s Mitsui (20%), ENH (15%), Bharat Petroleum (10%), OilIndia (10%), ONGC Videsh (10%) and Thailand’s PTTEP (8.5%).

India could account for up to 35% of global energy demand increase during the next 20 years, the country’s Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said at the opening of India Energy Week (IEW) 2026 in Goa.

Large US engineering group, Baker Hughes’ fourth-quarter revenue was flat at $7.4 bill, beating market expectations by over 4%.

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.