gas stocks

Producers bring volumes back after targeted reductions, taking advantage of a less discounted basis, expanding outbound capacity and rising seasonal demand, while liquefied natural gas (LNG) exports absorb surplus and support regional differentials.
Matador Resources signs multiple strategic transportation agreements to reduce exposure to the Waha Hub and access Gulf Coast and California markets.

Boardwalk launches key phase of its Texas Gateway gas project at 1.45mn Dth/d

Boardwalk Pipelines initiates a subscription campaign for its Texas Gateway project, aiming to transport 1.45mn Dth/d of natural gas to Louisiana in response to growing energy sector demand along the Gulf Coast.
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US-based asset manager Global X has unveiled a new index fund focused on the natural gas value chain, capitalising on the growing momentum of liquified natural gas exports.
US producer Amplify Energy has announced the full sale of its East Texas interests for a total of $127.5mn, aiming to simplify its portfolio and strengthen its financial structure.

Maple Creek accelerates 640 MW gas project with GE Vernova turbine

Maple Creek Energy has secured the purchase of a GE Vernova 7HA.03 turbine for its gas-fired power plant project in Indiana, shortening construction timelines with commercial operation targeted for 2029.
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Talen Energy has finalised a $2.69bn bond financing to support the purchase of two natural gas-fired power plants with a combined capacity of nearly 2,900 MW.
Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop a floating liquefied natural gas import terminal at Khor Al Zubair, with a projected investment of $450 mn.

Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —
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A record expansion of liquefied natural gas (LNG, gaz naturel liquéfié — GNL) capacity is reshaping global supply, with expected effects on prices, contractual flexibility and demand trajectories in importing regions.
The Philippine government is suspending the expansion of LNG regasification infrastructure, citing excess capacity and prioritising public investment in other regions of the country.

Venezuela freezes gas cooperation with Trinidad over pro-U.S. political alignment

Caracas suspended its energy agreements with Trinidad and Tobago, citing a conflict of interest linked to the foreign policy of the new Trinidadian government, jeopardising several major cross-border gas projects.
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TotalEnergies is asking Mozambique for a licence extension and financial compensation to restart its $20 billion gas project suspended since 2021 following an armed attack.
An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.

QatarEnergy acquires 40% of North Rafah offshore block in Egypt alongside Eni

QatarEnergy has acquired a 40% stake in the North Rafah offshore exploration block, located off Egypt’s Mediterranean coast, strengthening its presence in the region in partnership with Italian group Eni.
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The U.S. Department of Energy has given final approval to the CP2 LNG project, authorising liquefied natural gas exports to countries without free trade agreements.
LNG Energy Group finalised a court-approved reorganisation agreement in Colombia and settled a major debt through asset transfer, while continuing its operational and financial recovery plan.

ExxonMobil receives Mozambique’s president ahead of investment in Rovuma LNG

Daniel Chapo is visiting the United States to encourage ExxonMobil to commit to a major investment in Rovuma LNG, a strategic gas project for Mozambique as TotalEnergies resumes its suspended operations.
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Baker Hughes will expand its coiled tubing drilling fleet from four to ten units in Saudi Arabia’s gas fields under a multi-year agreement with Aramco, including operational management and underbalanced drilling services.
Tokyo Gas commits to one million tonnes per annum of liquefied natural gas under the Alaska LNG project, boosting Glenfarne’s commercial momentum after five agreements signed in seven months.
The Malaysian group launched three tenders to sell up to five liquefied natural gas cargoes in November and December, sourced from its Bintulu and PFLNG Dua facilities.
The South African government ends a thirteen-year freeze on shale gas, paving the way for renewed exploration in the Karoo Basin amid a national energy crisis.

Asian LNG activity hits seasonal high despite muted demand

Platts' physical pricing platform records its second-highest LNG trading volume, with nearly 1.5 million tonnes exchanged despite regional demand slowdown.
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Former German Chancellor Gerhard Schröder supported the Nord Stream 2 pipeline before an inquiry, dismissing criticism over his role and Russian funding linked to the project.
Daily winter demand spikes are pushing Britain’s gas system to rely more on liquefied natural gas and fast-cycle storage, as domestic production and Norwegian imports reach seasonal plateaus with no room for short-term increases.

U.S. ethane exports to rise 30% by 2026

Rising terminal capacity and sustained global demand, notably from China and Europe, are driving U.S. ethane exports despite new regulatory uncertainties.
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The United States has called on Japan to stop importing Russian gas, amid rising tensions over conflicting economic interests between allies in response to the indirect financing of the war in Ukraine.
Australian group Santos lowers its annual production forecast after an unplanned shutdown at the Barossa project and delayed recovery in the Cooper Basin.

VoltaGrid to supply 2,300 MW to Oracle for next-gen AI data centres

VoltaGrid partners with Oracle to deploy modular gas-powered infrastructure designed to stabilise energy use in artificial intelligence data centres while creating hundreds of jobs in Texas.
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GTT, Bloom Energy and Ponant Explorations Group launch a joint project to integrate LNG-powered fuel cells and a CO₂ capture system on a cruise ship scheduled for 2030.
Storengy has launched its 2025/2026 campaign to sell gas storage capacity over four years, targeting the commercialisation of nearly 100 TWh by 2030, with over 27 TWh available starting in 2026-27.

Washington eases penalties on LNG exports tied to US ship rules

The US government has withdrawn its proposal to suspend liquefied natural gas export licences for failure to comply with maritime requirements, while maintaining a phased implementation schedule.
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Soaring electricity demand in Batam, driven by new data centres, leads INNIO and MPower Daya Energia to secure 80 MW and launch a five-year maintenance programme.
Tamboran has completed a three-well drilling campaign in the Beetaloo Sub-basin, with 12,000 metres of horizontal sections prepared for stimulation and maintenance ahead of the commercial phase.

Valeura revives deep gas in Turkey through strategic partnership

Valeura Energy partners with Transatlantic Petroleum to restart gas exploration in the Thrace basin, with testing and drilling planned this quarter in deep formations.
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Calpine Corporation has finalised a public funding agreement to accelerate the construction of a peaking power plant in Freestone County, strengthening Texas’s grid response capacity during peak demand periods.
Naftogaz urges the European Union to use Ukraine’s gas storage capacity as part of a strategic reserve system, while calling for the end of storage filling obligations after 2027.

Enagás in talks to acquire GIC’s stake in French gas transporter Terega

Spanish gas infrastructure operator Enagás is in advanced talks to acquire the 32% stake held by Singapore’s sovereign wealth fund GIC in Terega, valued at around €600mn ($633mn), according to sources familiar with the matter.
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BP has awarded Valaris a $140mn drilling contract for a Mediterranean offshore campaign aimed at reinforcing Egypt’s declining gas output since 2021.
Egypt’s petroleum ministry will launch 480 exploration wells by 2030 with investments exceeding $5.7bn, aiming to revive production and reduce reliance on imports.