Ras Laffan hit by explosion and fire
An explosion has occurred at Qatar's Ras Laffan gas export terminal, as workers resumed operations at the plant after Iran bombed it during the war.
India’s ONGC turns to gas
India’s state-owned Oil and Natural Gas Corp (ONGC) has reinvented itself as a ‘gas-and-oil’ company, its Chairman, Arun Kumar Singh said.
Equinor to increase Troll’s gas production
Norwegian state-owned energy giant, Equinor and its partners, Petoro, Shell, TotalEnergies plus ConocoPhillips, are to invest just over NOK4 bill in a new subsea development that will increase the North Seas’ Troll field gas production.
Cyprus to develop long delayed LNG terminal
Cyprus is to finish its long-delayed LNG import terminal, Cyprus Energy Minister, Michael Damianos told Platts, part of S&P Global Energy, in a recent interview.
NFE wins UK restructuring approval
US energy developer, New Fortress Energy’s (NFE) UK restructuring plan (RP) has been approved at a hearing in the High Court of Justice of England and Wales.
The plan companies were granted an order sanctioning the UK RP, which are two inter-conditional restructuring plans proposed by each of the companies.
A sanction order will shortly be filed with the Registrar of Companies and the UK RP will become effective in accordance with its terms.
The RP concerns its subsidiaries, NFE Global Holdings and NFE Brazil Newco, and certain of NFE RP creditors.
Creditors showed overwhelming support for the UK RP with 99% of voting in favour of the plan and unanimous consent obtained in nearly all classes of plan creditors, NFE claimed.
A hearing before the US Bankruptcy Court of the Southern District of New York to confirm the recognition of the UK RP will be held on 26th June, 2026.
The UK RP transactions are expected to be implemented by the third quarter of this year, subject to the satisfaction of customary conditions and regulatory approvals.
ECA LNG Phase 1 starts production
Sempra Infrastructure’s ECA LNG Phase 1 liquefaction project located at Ensenada, Mexico, has started producing LNG, the Sempra subsidiary confirmed.
Global LNG market being squeezed
Fierce competition between Europe and Asia for destination-flexible LNG is squeezing the global market.
TotalEnergies ordered to sell Arctic LNG 2 stake
Russian President Vladimir Putin has issued a presidential decree demanding that French energy giant, TotalEnergies sells a 10% stake in the Arctic LNG 2 project to a company set up last month called NordLine.
Third Malaysian LNG on the cards
Malaysia’s PETRONAS Gas and a company connected to Tenaga Nasional, have signed a heads of agreement (HoA) to jointly develop a third regasification terminal (RGT-3) at Lumut, Perak.
Number of US LNGC sailings continue to slide
The number of LNGCs sailing from US terminals fell this week to 29 from 32 the week before.
