Oil prices ease on Thursday
Oil prices edged lower on Thursday as traders locked in profits while assessing the risk of supply disruptions…
Browsing Tag
liquefied natural gas (LNG)
Egypt, Greece weigh joint gas infrastructure projects to bolster energy links with Europe
Egypt and Greece are stepping up talks on joint energy infrastructure projects that could boost natural gas flows…
EU passes 19th sanctions package, cracks down on Russia’s oil fleet
The European Commission on Thursday announced the European Union’s 19th package of sanctions against Russia, in one…
Egypt exports LNG to Italy from Idku – statement
Egypt’s ministry of petroleum and mineral resources announced on Monday the export of a liquefied natural gas (LNG)…
Egyptian govt. on alert to ensure stable summer power supply
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and Minister of Electricity and Renewable…
Morocco to launch LNG terminal tender soon
Morocco will issue an expression of interest this week for the first phase of a liquefied natural gas (LNG)…
Indian oil companies in talks for more US LNG supplies
Indian oil companies are interested in purchasing US liquefied natural gas (LNG) following the Trump…
Europe’s gas reserves depleted as cold weather boosts demand
Europe is rapidly depleting its gas reserves amid cold weather, with storage levels now just over 70 per cent full,…
Qatar warns EU over gas supplies amid new forced labour law
Qatar's Energy Minister Saad al-Kaabi stated that the country would halt gas shipments to the EU if member states…
Russia, India eye long-term oil supply pact
Russia and India have agreed to expedite the conclusion of a long-term intergovernmental agreement on Russian oil…
Kuwait outlines $110b plan for 2050 net-zero target
State-owned Kuwait Petroleum Corp. unveiled plans to achieve net-zero emissions by 2050, significantly ahead of the…
LNG supply delayed to ’27 – TotalEnergies
The next major wave of liquefied natural gas (LNG) supply is now expected in 2027, two years later than previously…
Egypt’s EGAS, Greece’s Copelouzos form JV
The Egyptian Natural Gas Holding Co. (EGAS) and the Greek Copelouzos Group signed a shareholders' agreement on…
Turkey, TotalEnergies seal 10-year LNG deal
Turkey and TotalEnergies have signed a 10-year agreement for liquefied natural gas (LNG) supply, set to commence in…
Qatar to sign 15-year LNG supply deal w/ Kuwait
Qatar is poised to sign a new deal to supply liquefied natural gas (LNG) to Kuwait for 15 years. This marks Qatar's…
Morgan Stanley cuts ’24 oil demand growth forecast to 1.1m bpd
Morgan Stanley has reduced its global oil demand growth forecast for 2024 from 1.2 million barrels per day (mbpd)…
Oman wants to expand LNG export capacity by a third
Oman plans to build a new liquefied natural gas (LNG) train near Qalhat, increasing its export capacity by…
EU sanctions won’t stop Russian LNG sales – Deputy Premier
Despite Europe’s latest sanctions, Russia can still sell its liquefied natural gas (LNG) to other consumers,…
Egypt receives LNG shipments
Egyptian Natural Gas Holding Company (EGAS) received the liquefied natural gas (LNG) shipments contracted to meet…
Sempra, Aramco ink LNG supply deal
Sempra, a US energy firm, has announced a non-binding agreement with Saudi Aramco for the supply of 5 million tons…
EU expands economic sanctions against Russia
The Council of the European Union announced on Monday a significant expansion of economic sanctions against Russia,…
Europe’s gas surplus shrinks
Europe's gas storage refill season started unusually slowly, shrinking the surplus from last winter and pushing…
UK’s National Grid proposes $9b rights issue for investment
National Grid, a UK-based utility company, announced plans to raise £7 billion ($8.9 billion) through a fully…
Japan’s JERA commits $32.4b to green energy, fuels
Japan's leading power utility, JERA, will invest 5 trillion yen ($32.4 billion) over the next decade in renewable…
Germany’s EnBW strikes 15-year supply deal w/ UAE’s ADNOC
German utility company EnBW announced the signing of a 15-year liquefied natural gas (LNG) contract with Abu Dhabi…
Ukraine’s DTEK to expand in Europe with LNG venture
Ukraine's energy company DTEK's trading arm is gearing up to enhance its workforce and venture into the liquefied…
US Venture Global LNG to initiate LNG operations by mid-24
Venture Global LNG Inc. is poised to initiate operations at its second liquefied natural gas (LNG) export site in…
Oman LNG, TotalEnergies ink supply deal
Oman LNG and TotalEnergies, a significant shareholder, have inked a deal for the supply of 800,000 metric tons per…
Russia’s ambitious LNG export expansion plans stumbled by US sanctions
US sanctions are hindering Russia's ambitious liquefied natural gas (LNG) export expansion plans, notably delaying…
Japan turns to Australia, US for long-term LNG supply
Resource-deficient Japan is bolstering its long-term liquefied natural gas (LNG) reserves, particularly from…
Vitol eyes Italian LNG terminal stakes
VTTI, a Vitol energy storage unit, is reportedly on the verge of acquiring a majority share of Italy’s largest…
Bid to convert LNG tankers into floating storage in India
A group of shipping companies is thinking about turning two liquefied natural gas (LNG) tankers into floating…
Russian gas transit via Ukraine no longer required – EU
The European Union (EU) thinks no need for the extension of the agreement to transport Russian gas to Europe via…
Turkey’s BOTAS, Egypt’s EGAS agree to boost co-operation
Turkey's state energy company BOTAS said on Thursday it had held talks with Egypt's state-run natural gas company…
Qatar pushes to increase LNG sales to India
Qatar is pushing for increased sales of liquefied natural gas (LNG) to India where demand is expected to double by…
Global oil market turns local amid Red Sea unrest
Oil market appears more localised, as the ongoing Red Sea unrest and rising freight rates made supplies from closer…
Shell revenues drop to 30% in ’23
Shell reported 2023 revenues of $28 billion, down 30 per cent from the previous year's record, due to the decline…
US pause on LNG export raises Japan’s concerns over new projects
The temporary suspension of US export licenses raised Japanese concerns that the launching of new LNG facilities in…
ADNOC Gas and GAIL India ink 10-year LNG supply deal
ADNOC Gas plc declared on Tuesday a 10-year contract to provide GAIL India Limited, India’s top natural gas…
QatarEnergy, Excelerate Energy sign LNG supply agreement
QatarEnrgy and U.S. Excelerate Energy signed a 15-year LNG supply agreement of 1 million metric tons per year…