PetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter.
U.S. liquefied natural gas exports are on track to become the nation’s second-largest net export industry by 2031, driven by accelerating investment, expanding export capacity and growing global demand, according to a new S&P Global Energy study. The report projects U.S. LNG feedgas demand will double to 36 Bcfd over the next five years—25% higher than previous base-case forecasts—as […]
ADNOC Logistics & Services (ADNOC L&S) has ordered four next-generation LNG carriers valued at approximately $900 million, expanding its newbuild program to support growing global LNG demand and ADNOC’s long-term gas growth strategy. The four vessels, each with a capacity of 175,000 m³, will be built by Jiangnan Shipyard in Shanghai and are scheduled for […]
Oil and LNG tankers are back to switching off transponders when transiting the Strait of Hormuz as the latest escalation in the region and last week’s Iranian attacks on commercial ships prompted vessel operators to brave the chokepoint unobserved. Total tanker traffic collapsed on Sunday to just six vessels managing to clear the Strait of […]
Argent LNG has awarded GIS Engineering a contract to provide marine, environmental and site engineering services supporting federal permitting for the company’s proposed 25-MMtpa LNG export terminal at Port Fourchon, Louisiana.
XRG has completed the acquisition of an additional equity interest in Trains 4 and 5 of the Rio Grande LNG project in Texas, expanding its ownership across all five liquefaction trains currently under construction at the export facility.
Eni SpA and Abu Dhabi National Oil Co PJSC’s international investment arm, XRG PJSC, have signed agreements to each acquire a 32 percent ownership in three blocks in Argentina’s Vaca Muerta gas shale. The South American country’s state-controlled YPF SA, which has assumed full ownership of the Aguada Villanueva, Las Tacanas and Meseta Buena Esperanza […]
Italian oil company Eni SpA and commodity merchant Mercuria Energy Group Ltd. signed an agreement to join forces in trading, seeking growth in an area that has seen huge price swings and profit opportunities during the war in Iran. The two firms will be combining their main trading books for various commodities including oil, liquefied natural gas and biofuels […]
Shell Plc expects global liquefied natural gas flows to be little changed this year—after more than a decade of growth—if shipping through the Strait of Hormuz returns to normal this summer. However, under an alternative scenario, published in Shell’s LNG Outlook 2026 released on Tuesday, LNG supply could see a rare annual contraction if Hormuz […]
Pakistan is seeking to buy liquefied natural gas for delivery this week as a string of attacks in the Strait of Hormuz disrupts flows of the super-chilled fuel. State-owned Pakistan LNG released a tender over the weekend seeking to procure a shipment for June 30 to July 4 delivery, with offers due on Monday, according […]