Last year, the United States leapfrogged Qatar and Australia to become the world’s largest exporter of liquefied natural gas. This was made possible thanks to the surge in LNG demand from Europe as it urgently sought an alternative to Russian pipeline supply.
A wave of new liquefied natural gas (LNG) export terminals is set to come online in the next few years, and it could have a significant impact on global gas prices.
Developers of U.S. LNG export facilities could launch $100 billion worth of new plants over the next five years as high prices and the need for energy security create strong momentum for long-term LNG demand and contracts.
The partners in the Leviathan project believe it is the largest natural gas reservoir in the Mediterranean and one of the largest producing assets in the region.
ADNOC and RWE Aktiengesellschaft (RWE) have announced the successful delivery of the first shipment of LNG from Abu Dhabi, UAE, to the Elbehafen floating LNG terminal in Brunsbüttel, Germany.
For years, Egypt has been performing a tough balancing act between the West and Russia, with Cairo casting itself as an actor that both parties can lean on. Egypt was the Soviet Union’s principal ally in the Middle East during the Cold War and remains an important partner today.
The December 2022 US-Africa Leaders Summit hosted by President Biden in Washington highlighted the emerging role of Africa in global affairs, including in the competition with China and Russia. In his address to the Summit, President Biden endorsed the proposal for the African Union to join the G20 and pledged $55 billion in financing and investment over three years.
Turkey has signed a key liquefied natural gas purchase agreement with Oman for 1.4 billion cubic metres of annual gas imports for 10 years.
A wave of freezing weather is sweeping across Asia and will likely boost energy demand on the continent as the thermometer plunges deep below zero
Various parties to the Tema LNG Project have agreed on an amendment to the Commercial Agreements, which effectively frees the national oil agreement from its earlier commitment to be paying for regasified liquefied natural gas now, even at volumes significantly reduced in 2019.