The EU is expanding its gas market correction mechanism to include additional virtual trading points, which will help protect the single market from gas price fluctuations. The European Commission believes that it is imperative to extend the mechanism to other VTPs, despite differing opinions.

TotalEnergies signs a three-year agreement with ADNOC Gas to supply it with liquefied natural gas and diversify its supply sources in Europe. This agreement is primarily aimed at the Asian market and is part of a search for energy security in the face of Russian dependence.

The Lenzing Group, world leader in special fibers for the textile and non-woven industries, has signed a contract for the acquisition of a 43 MW biomass power plant. This strategic acquisition will enable Lenzing to significantly reduce its dependence on fossil fuels.

April 27, 2023 marks a historic turning point for the Philippine energy industry. AG&P International Pte. Ltd, a global leader in gas infrastructure, announced the successful arrival of the first clean and affordable floating storage unit (FSU) of liquefied natural gas (LNG) at the Philippine LNG import terminal (PHLNG).

BP acquires Shell's 27% interest in the Browse joint venture, increasing its stake to 44% in Australia's largest untapped gas resource. The Browse project could extend the life of the North West Shelf LNG plant.

The Congo LNG project involves the construction of two floating plants for the liquefaction of natural gas, intended to transform the Republic of Congo into an LNG exporter from 2025. Eni is thus committed to promoting the energy transition in the country, using an environmentally sustainable approach.

The resumption of TotalEnergies' gas project in Mozambique is considered premature by its CEO, due to disagreements over the costs associated with the restart. The project had been suspended since 2021 following a jihadist attack.

The UK energy regulator, Ofgem, has ordered an investigation into Drax, one of the leading producers of biomass energy. The purpose of this investigation is to assess Drax's compliance with the rules on the renewable origin of the electricity it generates, particularly with regard to the use of wood as an energy source.

Mozambique's president has given the green light for TotalEnergies to resume its natural gas project, which has been suspended since 2021 following a jihadist attack. However, TotalEnergies is cautious about resuming its operations.

The U.S. Department of Energy denied Lake Charles LNG's request for a second extension of time to begin exports from its planned Louisiana export terminal. This decision is a setback for the 16.5 million tons per year project.

Russia is considering supplying natural gas to China via companies other than Gazprom. The Power of Siberia 2 pipeline could be used with gas from Rosneft and INK, but China could be in a strong position because it does not need additional supplies until 2030.

The president of Engie is confident about LNG supply for the coming winter, thanks to reduced consumption and increased imports from Norway and the United States. European gas reserves are currently at a high fill rate.

Mitsui & Co Ltd acquires 92% of an unconventional gas asset in Texas to expand its gas business and support the energy transition. This is in line with Japan's objective to keep LNG as a transitional fuel.

Oil giants Chevron and ExxonMobil recently unveiled the results of their tests of renewable gasoline blends, which could potentially reduce emissions from conventional cars to levels comparable to electric vehicles.

Turkey is launching its first deliveries of Black Sea gas to achieve energy independence and diversify its supply sources, covering about 6% of its annual gas consumption.

Thailand is experiencing a record heat wave that will boost energy demand and promote liquefied natural gas imports as domestic natural gas production and pipeline imports continue to face constraints.

Africa has large reserves of liquefied natural gas (LNG) that could help solve Europe's gas supply shortage. However, the commercialization of these resources remains complex due to many factors.

TotalEnergies delivers its first liquefied natural gas cargo to the Dhamra LNG terminal in India, increasing the country's regasification capacity by over 10%. This important step will allow India to increase the share of natural gas in its energy mix, thereby reducing its carbon intensity.

The EU's energy platform launches its first gas procurement call on April 25 via its AggregateEU service, offering a stable supply opportunity at discounted prices for companies, which must register by April 20 to participate.

The Norwegian Parliament has voted to evaluate carbon capture and storage as an alternative to electrifying Western Europe's largest LNG facility. The Melkoeya plan is a controversial issue for residents, and the opposition is seeking to capitalize on the low ratings of the center-left minority government in the run-up to the local elections.

Gazprom warns that Europe may struggle to fill its gas reserves to last year's levels due to politically motivated decisions and increased competition for LNG. Europe's low stocks could become a concern.

Cepsa and Bio-Oils join forces to build the largest second-generation biofuels plant in Southern Europe. The new plant will enable Cepsa to become the main supplier of second generation biofuels in Spain and Portugal.

The European biomethane market is booming, but it may struggle to meet its ambitious production targets due to various regulatory, logistical and economic hurdles.