Etienne MATHIEU

Funds shift from natural gas to EU carbon allowances

Amid an expected LNG surplus from 2026, investors are reallocating positions toward the EU carbon market, betting on tighter supply and a bullish price trajectory.

Axiom maintains $110mn lawsuit against Tidewater over Canadian asset dispute

Axiom Oil and Gas is suing Tidewater Midstream for $110mn over a gas handling dispute tied to a property for sale in the Brazeau region, with bids due this week.

Tokyo Gas commits to importing 1 MTPA of US LNG over 20 years

Tokyo Gas has signed a 20-year agreement with US-based Venture Global to purchase one million tonnes per year of liquefied natural gas starting in 2030, reinforcing energy flows between Japan and the United States.
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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.

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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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.

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.

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.
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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.

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.

McDermott extends contract for Golden Pass LNG Trains 2 and 3

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.
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Exxon Mobil takes 40% stake in Bahia pipeline 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.

Germany boosts public investment in five LNG terminals by 2026

The German state is multiplying LNG infrastructure projects in the North Sea and the Baltic Sea to secure supplies, with five floating terminals under public supervision under development.