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LNG supply deficit

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.
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.
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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.
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.
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Aramco commits over $30 billion to new strategic deals in the United States
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.
Bratislava considers suing the European Union over Russian gas halt
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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Mozambique launches audit on $4.5bn cost overrun of TotalEnergies project
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.
Rig count drops in the United States despite record production
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.

Shell sells 50% of Tobermory to Ithaca to share UK fiscal risk

Shell sells a 50% stake in Tobermory West of Shetland to Ithaca Energy, while retaining operatorship, reinforcing a partnership already tested on Tornado, amid high fiscal pressure and regulatory uncertainty in the North Sea.
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Novatek sells liquefied gas with 40% discount to China despite sanctions
Russian company Novatek applied major discounts on its liquefied natural gas cargoes to attract Chinese buyers, reviving sales from the Arctic LNG 2 project under Western sanctions.
Ukraine receives 100 mn m³ of US gas via Lithuania
A first vessel chartered by a Ukrainian trader delivered American liquefied gas to Lithuania, marking the opening of a new maritime supply route ahead of the winter season.

Mozambique LNG, criminal complaint and economic recovery under judicial pressure

A German NGO has filed in France a complaint against TotalEnergies for alleged war crimes complicity around Mozambique LNG, just as the country seeks to restart this key gas project without any judicial decision yet on the substance.
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Hut 8 sells 310 MW gas-fired portfolio to TransAlta after asset optimisation
Hut 8 transfers four natural gas power plants to TransAlta following a turnaround plan and five-year capacity contracts secured in Ontario.
Tokyo Gas sells TVL LLC to Grayrock Energy for $255mn and reallocates its US gas portfolio
By selling its US subsidiary TVL LLC, active in the Haynesville and Cotton Valley formations in Louisiana, to Grayrock Energy for $255mn, Tokyo Gas pursues a targeted rotation of its upstream assets while strengthening, through TG Natural Resources, its exposure to major US gas hubs supporting its LNG value chain.

TotalEnergies signs €5.1bn deal with EPH for 14 GW of flexible capacity

TotalEnergies acquires 50% of a flexible power generation portfolio from EPH, reinforcing its gas-to-power strategy in Europe through a €10.6bn joint venture.
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ConocoPhillips reveals major new gas discovery offshore Australia
The Essington-1 well identified significant hydrocarbon columns in the Otway Basin, strengthening investment prospects for the partners in the drilling programme.
India signs major US LPG deal under diplomatic pressure
New Delhi secures 2.2 million tonnes of liquefied petroleum gas annually from the United States, a state-funded commitment amid American sanctions and shifting supply strategies.
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Asian Development Bank commits $700mn to support Kyrgyz Republic’s energy strategy
U.S. associated gas output rises 6% on Permian crude surge
Iberdrola sells 757 MW of French onshore assets to Technique Solaire
Major US companies increase their presence at COP30 despite Washington
Contrarian strategies outperform hedge fund tracking on Brent market
AltaGas raises $460mn to strengthen financial structure and retain MVP
AltaGas finalises a $460mn equity raise linked to the strategic retention of its stake in the Mountain Valley Pipeline, prompting credit outlook upgrades from S&P and Fitch.
Vallourec to deliver over 30,000 tonnes of pipes for TotalEnergies in Iraq
TotalEnergies has tasked Vallourec with supplying tubular solutions for drilling 48 wells as part of its integrated gas project in Iraq, reinforcing their ongoing industrial cooperation on the Ratawi field.

JERA launches environmental assessment for 2.6GW gas plant project in Sodegaura

The Japanese energy group plans to replace four steam turbines at its Sodegaura site with three combined-cycle gas turbines, with full commissioning targeted for 2041.
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Petrus Resources increases quarterly production and reduces net debt
Petrus Resources recorded a 7% increase in production in the third quarter of 2025, along with a reduction in net debt and a 21% rise in cash flow.
Venture Global signs 20-year deal to supply LNG to the Balkans via Greece
Venture Global has signed a liquefied natural gas sales agreement with Atlantic-See LNG Trade S.A., a newly formed Greek joint venture, to supply 0.5 million tonnes annually starting in 2030, reinforcing regional energy security.

INNIO and KMW build 54 MW gas-fired power plant to secure data centres

INNIO and KMW partner to construct a 54 MW modular gas power plant in Mainz, designed to stabilise the grid and ensure supply to the future Green Rocks data centre.
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ExxonMobil takes 60% stake in gas exploration permit in Greece’s Ionian Sea
ExxonMobil joins a Greek energy consortium to explore a gas field in the Ionian Sea, strengthening its presence in the Eastern Mediterranean after Chevron, amid post-Russian energy diversification efforts.
Pembina and PETRONAS sign 20-year agreement for Cedar LNG liquefaction capacity
Pembina Pipeline Corporation and PETRONAS have signed a long-term agreement securing 1 million tonnes per year of liquefaction capacity at Canada's Cedar LNG terminal, reinforcing their positions in the global liquefied natural gas market.

NG Energy reaches 40 MMcf/d gas output in Colombia through Aruchara-4 and Sinú-9 wells

NG Energy boosts its gas production in Colombia to 40 MMcf/d, with projected sales above $11.00 per MMBtu and expected profitability in Q4 2025.
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Toshiba and GE Vernova partner to reduce emissions from gas-fired plants in Asia
Toshiba and GE Vernova have signed a memorandum of understanding to deploy integrated CO2 capture solutions in combined-cycle gas plants in Asia, reinforcing a long-standing industrial partnership.
ONE Gas narrows 2025 guidance after 37% rise in quarterly profit
ONE Gas posted higher third-quarter 2025 results with a net income increase, while adjusting its annual earnings forecast and maintaining investments in gas infrastructure expansion.

Constitution pipeline could generate $11.6bn in savings in the US Northeast

Construction of the Constitution pipeline would reduce gas price volatility in the US Northeast, while generating up to $4.4bn in regional gross product and nearly 2,000 jobs per year.
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Ovintiv completes $2.7bn acquisition of NuVista to expand Montney position
Ovintiv has reached a definitive agreement to acquire NuVista Energy for $2.7bn, adding 140,000 net acres and nearly 100,000 barrels of oil equivalent per day in Canada’s Montney.
Entergy and Energy Transfer sign 20-year gas deal to support Louisiana industry
Entergy Louisiana and Energy Transfer have signed a gas transportation contract to supply new industrial projects in North Louisiana, reinforcing their long-term energy commitment.

Germany penalises the European gas storage supply chain

The continued rise in gas-fired power generation in Germany is slowing the filling of European reserves at a critical moment for regional energy market stability ahead of winter.
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Mitsubishi Power to equip Vietnamese plant in natural gas conversion project
Mitsubishi Power will supply equipment to convert an oil-fired thermal power plant to natural gas in southern Vietnam.
CMA CGM announces the registration of ten giant container ships under the French flag
CMA CGM is commissioning ten new giant container ships under the French flag. These LNG-powered vessels aim to strengthen France's maritime competitiveness while supporting the sector's energy transition.

Taiwan increases LNG imports massively in the face of growing energy dependence

Taiwan sees a record rise in natural gas-fired electricity generation, despite a slow energy transition, and remains heavily dependent on LNG imports.
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Pakistan cancels 21 Eni LNG cargoes and seeks to renegotiate its contracts with Qatar
Pakistan cancels 21 planned LNG cargoes from Eni due to a gas surplus and negotiates with Qatar for potential deferment or resale of shipments.
The $400 Million Israel-Cyprus Gas Pipeline Awaits Government Approvals
A $400 million natural gas pipeline connecting Israel to Cyprus, with a capacity of 1 billion cubic meters per year, is awaiting government approvals, according to Energean’s CEO.