Fossil Energy

The Valera LNG carrier delivered a shipment of liquefied natural gas (LNG) from Portovaya, establishing a new energy route between Russia and China outside Western regulatory reach.
South Stream Transport B.V., operator of the offshore section of the TurkStream pipeline, has moved its headquarters from Rotterdam to Budapest to protect itself from further legal seizures amid ongoing sanctions and disputes linked to Ukraine.

Panama Canal sidelined as US LNG flows shift decisively toward Europe

US LNG exports are increasingly bypassing the Panama Canal in favour of Europe, seen as a more attractive market than Asia in terms of pricing, liquidity and logistical reliability.
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Indian Oil Corporation has issued a tender for a spot LNG cargo to be delivered in January 2026 to Dahej, as Asian demand weakens and Western restrictions on Russian gas intensify.
McDermott has secured a major engineering, procurement, construction, installation and commissioning contract for a strategic subsea gas development offshore Brunei, strengthening its presence in the Asia-Pacific region.

Fluor and JGC deliver second LNG Canada unit in Kitimat

The partnership between Fluor and JGC has handed over LNG Canada's second liquefaction unit, completing the first phase of the major gas project on Canada’s west coast.
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Northern Oil and Gas and Infinity Natural Resources invest $1.2bn to acquire Utica gas and infrastructure assets in Ohio, strengthening NOG’s gas profile through vertical integration and high growth potential.
China has received its first liquefied natural gas shipment from Russia’s Portovaya facility, despite growing international sanctions targeting Russian energy exports.

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.
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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.
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.

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.
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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.
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.

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.
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Falling rig counts and surging natural gas demand are reshaping the Lower 48 energy landscape, fuelling a rebound in gas-focused mergers and acquisitions.
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.

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.
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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.
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.
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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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.
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.

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 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.
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.
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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.

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.
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Aramco has signed 17 new memoranda of understanding with U.S. companies, covering LNG, advanced materials and financial services, with a potential value exceeding $30 billion.
The Slovak government is reviewing a potential lawsuit against the European Commission following its decision to end Russian gas deliveries by 2028, citing serious economic harm to the country.

EU eases gas storage rules for 2025-2027 with greater flexibility

The European Union is extending its gas storage regime, keeping a legal 90% target but widening national leeway on timing and filling volumes to reduce the price pressure from mandatory obligations.
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The Mozambican government has initiated a review of the expenses incurred during the five-year suspension of TotalEnergies' gas project, halted due to an armed insurgency in the country’s north.
The number of active drilling rigs in the continental United States continues to decline while oil and natural gas production reaches historic levels, driven by operational efficiency gains.