energynews

Fusion Fuel: Al Shola Gas secures AED4.4 mn ($1.2 mn) in contracts

The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.

Cheniere Energy Approves Expansion of Corpus Christi LNG Terminal for 2029

Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.

LNG industry could reduce emissions by 60%, according to IEA

A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
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Europe accelerates gas storage filling despite declining reserves

Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).

Seoul freezes electricity rates amid LNG supply risk concerns

South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.

Russia ready to deliver liquefied natural gas to Mexico

Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
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Israel resumes gas exports to Egypt and Jordan

Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.

Nepal Identifies Major Methane Reserve Estimated at 112 Billion m³

Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.

Petronas and JOGMEC Sign Strategic Agreement around LNG Canada Project

Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
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Eni and PETRONAS finalise strategic agreement to merge their assets in Southeast Asia

Eni and PETRONAS have agreed to create a new joint entity, combining major assets in Malaysia and Indonesia with equal participation and a strong regional ambition in natural gas.

Keyera acquires Plains’ Canadian operations for 5.15 billion dollars

Energy company Keyera acquires Plains' Canadian natural gas liquids assets in a strategic transaction valued at 5.15 billion dollars, consolidating its presence across the Canadian energy corridor and optimising its operational infrastructure.

ORLEN boosts LPG import capacity with major investment

ORLEN Paliwa has doubled storage capacities and increased annual LPG handling by 65% in Szczecin, now reaching 400,000 tonnes following an investment exceeding PLN 150 million ($36.5mn).
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Serbia negotiates gas deal with Gazprom at competitive European price

Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.

Europe’s gas demand: Ember forecasts 7% decline by 2030

A report by think tank Ember forecasts a significant drop in European gas demand by 2030, highlighting potential financial risks for new gas infrastructure currently under development.

TotalEnergies and QatarEnergy secure strategic exploration licence in Algeria

TotalEnergies and QatarEnergy have won the Ahara exploration licence, marking a new stage in their partnership with SONATRACH on a vast area located between Berkine and Illizi.
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TotalEnergies plans to restart its Mozambique gas project by summer 2025

After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.

TotalEnergies strengthens Malaysian foothold with new offshore blocks

The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.

Egypt secures 290 LNG shipments to meet summer demand

In response to rising summer electricity consumption, Egypt signs import agreements covering 290 shipments of liquefied natural gas, involving major international firms, with financial terms adjusted to the country’s economic constraints.
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Egypt: fertilizer companies halted after suspension of Israeli gas

Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts at Israel's Leviathan and Karish gas fields after Israeli strikes in Iran.

Emissions expected to surge in Texas with 130 gas plant projects

A report identifies 130 gas power plant projects in Texas that could raise emissions to 115 million tonnes per year, despite analysts forecasting limited short-term realisation.