February 2021

Golar LNG has completed a $1.2bn refinancing for its floating LNG unit Gimi, securing extended financing terms and releasing net liquidity to strengthen its position in the liquefied natural gas market.
Woodside Energy and East Timor have reached an agreement to assess the commercial viability of a 5 million-tonne liquefied natural gas project from the Greater Sunrise field, with first exports targeted between 2032 and 2035.

Solar output overtakes natural gas in California during peak daytime hours

In California, electricity production from natural gas is falling as solar continues to rise, especially between noon and 5 p.m., according to 2025 data from local grid authorities.
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Moscow says it wants to increase oil and liquefied natural gas exports to Beijing, while consolidating bilateral cooperation amid US sanctions targeting Russian producers.
The European Investment Bank is mobilising €2bn in financing backed by the European Commission for energy projects in Africa, with a strategic objective rooted in the European Union’s energy diplomacy.

NextDecade initiates FERC process for Train 6 at Rio Grande LNG

NextDecade has launched the pre-filing procedure to expand Rio Grande LNG with a sixth train, leveraging a political and commercial context favourable to US liquefied natural gas exports.
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Russia faces a structural decline in energy revenues as strengthened sanctions against Rosneft and Lukoil disrupt trade flows and deepen the federal budget deficit.
Condor Energies has completed drilling its first horizontal well in Uzbekistan, supported by two recompletions that increased daily production to 11,844 barrels of oil equivalent.

WhiteWater increases Eiger Express pipeline capacity to 3.7 Bcf/d

WhiteWater expands the Eiger Express pipeline in Texas, boosting its transport capacity to 3.7 billion cubic feet per day following new long-term contractual commitments.
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The challenge to permits granted for the NESE project revives tensions between gas supply imperatives and regulatory consistency, as legal risks mount for regulators and developers.
Brasilia is preparing a regulatory overhaul of the LPG sector to break down entry barriers in a market dominated by Petrobras and four major distributors, as the Gás do Povo social programme intensifies pressure on prices.

The United States targets Iranian oil logistics and exposes Asian intermediaries

Washington imposes new sanctions targeting vessels, shipowners and intermediaries in Asia, increasing the regulatory risk of Iranian oil trade and redefining maritime compliance in the region.
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The lifting of force majeure on the Rovuma LNG project puts Mozambique back on the global liquefied natural gas map, with a targeted capacity of 18 Mt/year and a narrowing strategic window to secure financing.
BW Energy has identified liquid hydrocarbons at the Kudu gas field in Namibia, altering the nature of the project initially designed for electricity production from dry gas.

U.S. associated gas output rises 6% on Permian crude surge

Rising oil production in 2024 boosted associated natural gas to 18.5 billion cubic feet per day, driven by increased activity in the Permian region.
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OFAC’s licence for Paks II circumvents sanctions on Rosatom in exchange for US technological involvement, reshaping the balance of interests between Moscow, Budapest and Washington.
Finland, Estonia, Hungary and Czechia are multiplying bilateral initiatives in Africa to capture strategic energy and mining projects under the European Global Gateway programme.

Algeria signs gas deal with TotalEnergies to secure exports to Europe

Sonatrach has concluded a new partnership with TotalEnergies, including a liquefied natural gas supply contract through 2025, amid a strategic shift in energy flows towards Europe.
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McDermott has signed a contract amendment with Golden Pass LNG Terminal to complete Trains 2 and 3 of the liquefied natural gas export terminal in Texas, continuing its role as lead partner on the project.
Exxon Mobil will acquire a 40% stake in the Bahia pipeline and co-finance its expansion to transport up to 1 million barrels per day of natural gas liquids from the Permian Basin.
The United States approves South Korea’s development of civilian uranium enrichment capabilities and supports a nuclear-powered submarine project, expanding a strategic partnership already linked to a major trade agreement.
Aramco is reportedly in talks with Commonwealth LNG and Louisiana LNG, according to Reuters, to secure up to 10 mtpa in the “2029 wave” as North America becomes central to global liquefaction growth.

Ukraine secures up to €2bn in Greek gas under new winter partnership

Kyiv signs a gas import deal with Greece and mobilises nearly €2bn to offset production losses caused by Russian strikes, reinforcing a strategic energy partnership ahead of winter.
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The EU member states agree to prioritise a loan mechanism backed by immobilised Russian assets to finance aid to Ukraine, reducing national budgetary impact while ensuring enhanced funding capacity.
Blackstone commits $1.2bn to develop Wolf Summit, a 600 MW combined-cycle natural gas plant, marking a first for West Virginia and addressing rising electricity demand across the Mid-Atlantic corridor.

ADNOC Gas posts record $1.34 billion profit in Q3

UAE-based ADNOC Gas reports its highest-ever quarterly net income, driven by domestic sales growth and a new quarterly dividend policy valued at $896 million.
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Caprock Midstream II invests in more than 90 miles of gas pipelines in Texas and strengthens its leadership with the arrival of Steve Jones, supporting its expansion in the dry gas sector.
The Canadian government commits $56 billion to a new wave of infrastructure projects aimed at expanding energy corridors, accelerating critical mineral extraction and reinforcing strategic capacity.

Harvest Midstream takes over Kenai LNG terminal to strengthen Alaska’s energy security

Harvest Midstream has completed the acquisition of the Kenai liquefied natural gas terminal, a strategic move to repurpose existing infrastructure and support energy reliability in Southcentral Alaska.
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Dana Gas signed a memorandum of understanding with the Syrian Petroleum Company to assess the revival of gas fields, leveraging a legal window opened by temporary sanction easings from European, British and US authorities.
With the commissioning of the Badr-15 well, Egypt reaffirms its commitment to energy security through public investment in gas exploration, amid declining output from its mature fields.

Venture Global signs 20-year LNG supply agreement with Mitsui

US-based Venture Global has signed a long-term liquefied natural gas (LNG) export agreement with Japan’s Mitsui, covering 1 MTPA over twenty years starting in 2029.
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Natural Gas Services Group reported a strong third quarter, supported by fleet expansion and rising demand, leading to an upward revision of its full-year earnings outlook.
The visit of Kazakh President Kassym-Jomart Tokayev to Moscow confirms Russia's intention to consolidate its regional energy alliances, particularly in gas, amid a tense geopolitical and economic environment.

CSV commissions Albright plant, expanding sour gas processing deployment in Canada

CSV Midstream Solutions launched operations at its Albright facility in the Montney, marking a key milestone in the deployment of Canadian sour gas treatment and sulphur recovery capacity.
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Glenfarne has selected Baker Hughes to supply critical equipment for the Alaska LNG project, including a strategic investment, reinforcing the progress of one of the largest gas infrastructure initiatives in the United States.
Gas Liquids Engineering completed the engineering phase of the REEF project, a strategic liquefied gas infrastructure developed by AltaGas and Vopak to boost Canadian exports to Asia.

Germany grants $24.3 million to Nigeria to accelerate its energy transition

Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.
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Kuwait National Petroleum Company aims to boost gas production to meet domestic demand driven by demographic growth and new residential projects.
Chinese group Jinhong Gas finalises a new industrial investment in Spain, marking its first European establishment and strengthening its global strategy in the industrial gas sector.