‘Golden age of gas’ is here, driven by Asia demand
The world has entered a “golden age of gas” thanks to the growth of LNG, with current prices set to ensure supplies penetrate Asian markets and particularly India, International Energy…
LNG Prices Fall To 10-Year Low As Global Glut Continues
The global gas glut continues to grow worse, with LNG prices recently dropping to a 10-year low. LNG prices in Asia recently fell below $4/MMBtu, down 40 percent from a year earlier.…
Petronas to spend 5% on renewable energy in 2020
One of the world’s largest producers of LNG, Petronas plans to spend 5% of its capex on renewable energy in 2020, signaling the Malaysian oil and gas company’s intent to…
U.S. Net Natural Gas Exports to Double by 2021: EIA
The U.S. Energy Information Administration forecasts that U.S. natural gas exports will exceed natural gas imports by an average 7.3 Bcfd in 2020 (2.0 Bcfd higher than in 2019) and…
Qatar rejects LNG pricing renegotiations with India
India’s oil minister Dharmendra Pradhan has today met with industry officials including Qatar energy minister Saad Sherida Al-Kaabi to discuss lowering the price of Liquefied Natural Gas (LNG). Qatar, India’s…
ADNOC, Pertamina partner for Indonesia oil development
Pertamina and ADNOC signed a Memorandum of Understanding (MoU) to explore potential development of a crude to petrochemicals complex in Balongan, Indonesia as well as a sales agreement in which…
Total opens Asia Pacific HQ in Singapore
French energy giant Total S.A. reaffirmed its commitment to Singapore as a strategic hub by opening its regional headquarters in Frasers Tower in Cecil Street to manage its businesses across…
LNG cargoes displace pipeline gas in Atlantic Basin
Liquefied natural gas (LNG) cargoes have displaced pipeline natural gas volumes in the Atlantic Basin throughout 2019, due to historically low spot prices of the shipped fuel. Higher LNG spot…
Qatar targets 64% jump in LNG capacity by 2027
Qatar, the world's biggest supplier of liquefied natural gas (LNG), plans to boost output capacity by almost two thirds after it adds production facilities to exploit recently discovered reserves. The…
Commonwealth Reaches LNG Agreement with Gunvor Group
Gunvor Group Ltd. agreed to double the maximum amount of liquefied natural gas it plans to buy from a $4 billion export project in Louisiana and said it will recruit…