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February 23, 2021

Brazil’s free gas market reaches 13.3 Mcmd with unprecedented industrial shift
Brazil’s natural gas market liberalisation has led to the migration of 13.3 million cubic metres per day, dominated by the ceramics and steel sectors, disrupting the national competitive balance.
Sasol inaugurates gas processing unit to supply Temane thermal power plant
Sasol has launched a new gas processing facility in Mozambique to secure fuel supply for the Temane thermal power plant and support the national power grid’s expansion.

Congo LNG reaches 3 mtpa and anchors the strategic gas axis between Eni and Europe

With the addition of Nguya FLNG to Tango, Eni secures 3 mtpa of capacity in Congo, locking in non-Russian volumes for Italy and positioning Brazzaville within the ranks of visible African LNG exporters.
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JERA signs 10-year LNG supply deal with Torrent Power
Japan’s JERA has signed a liquefied natural gas supply contract with India’s Torrent Power for four cargoes annually from 2027, marking a shift in its LNG portfolio toward South Asia.
NEO NEXT+ becomes the UKCS’s largest gas producer with TotalEnergies and Repsol
The merger of TotalEnergies and Repsol’s UK assets into NEO NEXT+ creates a 250,000 barrels of oil equivalent per day operator, repositioning the majors in response to the UK’s fiscal regime and basin decline.

QatarEnergy steps up pressure on the EU in response to the CSDDD directive

Climate requirements imposed by the European due diligence directive are complicating trade relations between the European Union and Qatar, jeopardising long-term gas supply as the global LNG market undergoes major shifts.
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India and Russia seal an oil axis to bypass Western sanctions
New Delhi and Moscow strengthen their energy corridor despite US tariff and regulatory pressure, maintaining oil flows supported by alternative logistical and financial mechanisms.
Washington locks Greece as Euro-Atlantic gas pivot against Moscow and Beijing
The United States strengthens its energy presence in the Eastern Mediterranean by consolidating a gas corridor through Greece to Central Europe, to the detriment of Russian flows and Chinese logistical influence over the Port of Piraeus.

France and China prepare climate task force to secure nuclear and cleantech

Paris and Beijing agree to create a bilateral climate task force focused on nuclear technologies, renewable energy and maritime sectors, amid escalating trade tensions between China and the European Union.
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Colombia: electrification could avoid $190mn in gas imports by 2030
A report forecasts that improved industrial energy efficiency and residential electrification could significantly reduce Colombia’s need for imported gas by 2030.
US oil activity slows as gas drives M&A rebound in 2026
Falling rig counts and surging natural gas demand are reshaping the Lower 48 energy landscape, fuelling a rebound in gas-focused mergers and acquisitions.

Nigeria unlocks $128 million to repay gas debts

The Nigerian government has approved a payment of NGN185bn ($128 million) to settle debts owed to gas producers, aiming to secure electricity supply and attract new investments in the energy sector.
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Riley Permian sells New Mexico gas project for $111 million
Riley Exploration Permian has finalised the sale of its Dovetail Midstream entity to Targa Northern Delaware for $111 million, with an additional conditional payment of up to $60 million. The deal also includes a future transfer of equipment for $10 million.
Stanwell secures exclusivity on 1,860 MW hybrid energy project in Gladstone
Stanwell has secured an exclusive agreement with Quinbrook for the development of the Gladstone SDA Energy Hub, combining gas turbines and long-duration battery storage to support Queensland’s electricity grid stability.

Turkey seeks stakes in US gas to boost exports to Europe

Ankara plans to invest in US gas production to secure LNG supply and become a key supplier to Southern Europe, according to the Turkish Energy Minister.
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US LNG profitability under pressure as domestic prices surge
The growth of US liquefied natural gas exports could slow if rising domestic costs continue to squeeze margins, as new volumes hit an already saturated global market.
Ankara warns over energy security after attacks on Russian tankers
Three Russian tankers targeted off the Turkish coast have reignited Ankara’s concerns about oil and gas supply security in the Black Sea and the vulnerability of its subsea infrastructure.

Turkmenistan seeks to expand gas export routes beyond China

Turkmenistan is leveraging the Global Gas Centre to build commercial links in Europe and South Asia, as it responds to its current dependence on China and a shifting post-Russian gas market.
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BOTAŞ strengthens LNG capacity with expansion of Marmara Ereğlisi terminal
The Marmara Ereğlisi liquefied natural gas (LNG) terminal operated by BOTAŞ is increasing its regasification capacity, consolidating Türkiye’s role as a regional player in gas redistribution toward the Balkans and Southeast Europe.
Hungary to launch legal challenge after EU agreement on ending Russian gas imports
Budapest contests the European agreement to ban Russian natural gas imports by 2027, claiming the measure is incompatible with its economic interests and the European Union's founding treaties.
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Sanctioned Russian LNG vessel delivers to China’s Beihai port
France: RTE calls for accelerated electrification to reduce fossil fuel dependence
Helical Fusion signs Japan’s first fusion power purchase agreement with Aoki Super
US court clears ECA Solar to proceed with contested solar development project
Citgo shifts under Elliott control for $5.9bn pending U.S. approval
Venture Global accuses Shell of commercial sabotage amid gas supply dispute
Venture Global accuses Shell of deliberately harming its operations over three years amid a conflict over spot market liquefied natural gas sales outside long-term contracts.
TotalEnergies withdraws floating terminal from Le Havre after fifteen months of inactivity
TotalEnergies ends operations of its Le Havre floating LNG terminal, installed after the 2022 energy crisis, due to its complete inactivity since August 2024.

Golar LNG refinances FLNG Gimi with $1.2bn seven-year bank loan

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.
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Woodside and East Timor target LNG production from Sunrise by 2032
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.

Russia steps up energy rapprochement with China despite sanctions

Moscow says it wants to increase oil and liquefied natural gas exports to Beijing, while consolidating bilateral cooperation amid US sanctions targeting Russian producers.
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EIB commits €2bn to strengthen EU energy influence in Africa
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.

Russian oil and gas revenues fall 35% as sanctions tighten grip

Russia faces a structural decline in energy revenues as strengthened sanctions against Rosneft and Lukoil disrupt trade flows and deepen the federal budget deficit.
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Condor boosts output to 11,844 barrels/day through strategic investment in Uzbekistan
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.

New York and the New Jersey face a legal battle over the NESE gas pipeline

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.
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Brazil reforms the LPG market and reignites battle between Petrobras and the Big 4
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.

ExxonMobil restarts Rovuma LNG in Mozambique targeting investment decision by 2026

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.
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BW Energy discovers liquid hydrocarbons at Kudu and revises development plan
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.

Washington authorises flows to Paks II and inserts US interests into Hungary’s nuclear sector

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.
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Small EU states strengthen energy influence in Africa via Global Gateway
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.