energynews

Venture Global secures final approval to build CP2 gas terminal in Louisiana

The U.S. federal commission has authorised Venture Global to begin construction of the CP2 plant, a 28 Mt/year LNG terminal that could become the country’s largest.

Sonelgaz to invest $4.94bn to strengthen its network and electricity exports

The Algerian state utility plans a 56% increase in 2025 investment, targeting domestic network expansion and electricity export growth towards Europe and Africa.

Indonesia faces gas shortage by 2033 without new projects

Wood Mackenzie warns of a potential gas supply deficit in Indonesia, due to slow development of untapped resources and a lack of attractive regulatory framework.
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Mubadala Energy signs gas supply deal with Indonesia’s Pupuk for 200 mmscf/d

Mubadala Energy will supply natural gas to two Pupuk Indonesia plants starting in late 2028, when production begins at the South Andaman block, according to statements made at an industry forum in Jakarta.

QatarEnergy launches LNG production in the US and accelerates North Field expansion

QatarEnergy is set to begin liquefied natural gas production in the US by the end of 2025 and expand its North Field East project in Qatar starting mid-2026.

TotalEnergies signs agreement to purchase 2 Mtpa of LNG from Ksi Lisims LNG project in 2025

TotalEnergies has signed a 20-year contract to purchase 2 million tonnes per annum (Mtpa) of LNG from Ksi Lisims LNG, a liquefaction project located in British Columbia, Canada.
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Shell secures broad strategy approval but fails to unite on LNG

Shell shareholders approved 21 out of 22 resolutions at the Annual General Meeting, rejecting a motion related to liquefied natural gas activities despite strong overall support for the group’s strategy.

Santos gets green light for $2.3 billion gas project in New South Wales

An Australian tribunal has approved Santos' $2.3 billion Narrabri gas project despite objections from Indigenous communities and environmental concerns, citing major public benefits for gas supply.

Two $110bn energy deals signed between Kurdistan and US-based companies

Kurdistan signs oil and gas development agreements with HKN Energy and Western Zagros worth $110bn over the projects’ lifespan.
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Pertamina signs ten gas sales agreements with local companies

Indonesian state-owned oil company PT Pertamina has signed ten gas sales agreements with domestic firms, including gas distributor PGN and electricity provider PLN.

Asian LNG market hits record with 1,946 JKM derivatives orders

Physical and derivatives trading of liquefied natural gas in Asia reached unprecedented levels during the June pricing period, with a significant increase in bids and transactions amid the shoulder season.

Mexico targets $1.6bn in annual savings by cutting US gas purchases

Mexico could eliminate imports of 384 billion cubic feet of gas per year by reaching 45% clean electricity by 2030, according to Ember.
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Energean exits Moroccan offshore after gas drilling yields mixed results

Energean transfers its offshore stakes in Morocco to Chariot just one year after entering the market, following below-expectation outcomes from the Anchois-3 gas well.

Turkey banks on 75 bcm gas field to ease import bill

Ankara announces the discovery of a new Black Sea gas reserve worth $30bn as part of its strategy to boost public investment in the energy sector.

Indonesia launches two offshore projects to strengthen energy independence

Two new oil and gas sites in the Natuna Sea are expected to produce 20,000 barrels of oil and 60 million cubic metres of gas per day.
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Enbridge sells 12.5% stake in British Columbia pipeline to 36 First Nations

A CAD715mn ($524mn) partnership enables First Nations to co-own the Westcoast system, backed by a federal loan guarantee of CAD400mn ($293mn).

New Pipeline Connecting Permian Basin to Midwest Scheduled for 2028

Tallgrass Energy announces plans for a pipeline directly connecting the Permian Basin to the Rockies Express network, scheduled to start operations in late 2028 after securing initial commercial agreements with key shippers.

Aramco could invest in Woodside’s Louisiana gas project

Woodside Energy has announced a collaboration agreement with Saudi Aramco for a potential stake in its $17.5bn liquefied natural gas project in Louisiana, scheduled to begin production in 2029.
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Sinopec drills 5,300 metres deep and sets new record for shale gas

Sinopec announced a new vertical depth record with its Tiebei 1HF well, reaching 5,300 metres and producing over 314,000 cubic metres of gas per day in the Sichuan Basin.

McDermott successfully installs Scarborough FPU off the coast of China

McDermott has completed the offshore installation of the Scarborough floating platform for Woodside Energy, marking a key step in the preparatory maintenance phase of the gas project in Western Australia.