ADNOC, the United Arab Emirates energy group, signs a $3.6 billion contract to expand its gas processing infrastructure in partnership with a local company and a Spanish group.

Australian regulatory reforms mean higher costs for the Ichthys LNG project, requiring the purchase of carbon credits. The Abadi LNG project adjusts its schedules following a new ownership structure.

Dana Gas, an energy company from the United Arab Emirates, has received $80 million from the Kurdish government in Iraq despite the challenges. Lower oil prices led to a 25% drop in net income, despite efforts to maintain production and cut costs.

A persistent heatwave is fueling gas-fired energy demand in Texas and the southeastern US, influencing market prices and weather conditions, while energy consumption in the Southeast is also impacting gas prices, with forecasts of inventory withdrawals and weather conditions in the South Central region.

Zhejiang Energy Group inaugurates its new LNG terminal in Wenzhou, China, with the arrival of its first LNG cargo from Indonesia, marking the start of operations despite the challenges of typhoons and government formalities.

ADNOC expands its gas assets in the Absheron project in the Caspian Sea, strengthening its international position in partnership with SOCAR and TotalEnergies. First successful gas delivery in July 2023.

Russian gas flows to Europe hit a record high in July thanks to exceptional deliveries via the TurkStream pipeline, according to an analysis by S&P Global Commodity Insights. Despite this spike, supplies remain historically low compared to a recent peak in March 2022, with limited deliveries via Ukraine and the European section of TurkStream.

Air Products is investing in its LNG manufacturing facility in Port Manatee, Florida, to increase production capacity and meet growing industry demand. The company aims to improve delivery times through innovations in manufacturing methods.

Naturgy doubles first-half profits and reduces debt thanks to renewable energies and good international operating results despite the gas crisis.

Chevron relies on long-term contracts with U.S. exporters to build its LNG portfolio, and prefers to buy rather than build to differentiate itself from competitors in the U.S. LNG sector.

Asia is taking strategic steps to diversify its fuel sources, reducing its dependence on liquefied natural gas (LNG) despite falling prices. Asian governments and utilities have favored nuclear power, renewables, coal and fuel oil, helping to stabilize power grids while enhancing energy security in the region.

The global energy crisis following Russia's invasion of Ukraine is leading to the formation of a new global gas market, requiring closer dialogue between producers and consumers to ensure short- and long-term security of supply and reduce emissions. The International Energy Agency stresses that coordination between market players is essential, and that increased use of low-emission gases will play a key role in reducing the sector's greenhouse gas emissions.

With extremely high temperatures sweeping across southern Europe, the gas and electricity markets are facing a sharp rise in demand. Heat waves lead to increased cooling demand and price sensitivity, putting the region's security of supply to the test.

Japan proposes to strengthen the role of the International Energy Agency in natural gas security at the Conference of LNG Producers and Consumers in Tokyo. This landmark proposal aims to enable the IEA to better analyze natural gas reserves and prepare for potential supply disruptions, while fostering collaboration for a cleaner value chain and carbon neutrality for LNG.

Renewable natural gas (RNG) is experiencing phenomenal growth in North America thanks to new government incentives for the transportation sector, offering significantly lower carbon emissions. With 66 future projects announced in 2022 and a total capacity of 385 million cubic feet per day, the RNG market is expected to reach 3% of the North American natural gas market by 2050, driven by policy support and technological development.

Algeria's natural gas exports to Southern Europe will remain robust in 2023, with Italy still dependent on Algerian imports and an increase in gas flows to Spain.