China has been the focus of oil traders’ attention for years thanks to its seemingly insatiable demand for the fuel. Now, the country is about to cast itself as the star of the natural gas show as well.
The LNG will be sourced from ADNOC Gas’s Das Island natural gas facility and will be delivered on the basis of six cargoes per year. The deal is ADNOC’s first such sales and purchase agreement with an Indian buyer.
The line pack pressure this year rose several times following the abundance of LNG, jeopardising Pakistan’s national pipeline network following a huge drop in gas consumption across Pakistan.
Malaysia’s national energy behemoth Petronas has lifted the force majeure on gas supplies to MLNG Dua, one of four liquefaction projects that comprise the 29 million-plus tonnes per annum nine-train Petronas LNG Complex at Bintulu, Sarawak.
QatarEnergy has inaugurated four new liquefied natural gas (LNG) vessels built at the Samsung Heavy Industries (SHI) and Hanwha Ocean shipyards in South Korea.
For the first time in ten months, Europe’s imports of liquefied natural gas rose in October from the previous month as it moved to fill its gas storage sites for the winter in which the transit deal for Russian pipeline gas flows via Ukraine expires.
Being the first LNG project in the country, Coral Sul FLNG has helped Mozambique enter the global LNG market and monetise Africa’s largest gasfield.
In a move set to strengthen bilateral cooperation in West Africa, Equatorial Guinea and Nigeria have signed an agreement for the construction of the Gulf of Guinea Gas Pipeline Project. A joint regional pipeline development, the project will transport gas from Nigeria to Equatorial Guinea. Under the terms of the deal, gas will be processed at Equatorial Guinea’s LNG processing facilities at Punta Europa on Bioko Island – owned by the state-owned EG LNG – signaling new opportunities for energy security on the back of bilateral collaboration.
The supermajors continue to bet on LNG while scaling back renewables projects and investments as oil and gas returns continue to trump the poor profits from renewables.
Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector1 (the Regulation) was published in the Official Journal of the European Union on 15 July 2024 and comes into force on 4 August 2024.