Gas

Woodside Energy, Australia’s biggest LNG producer, on Tuesday warned that expectations of a major disruptive glut should not be taken at face value, as demand will remain strong and not all planned projects may proceed. “Expectations of a sustained or structurally disruptive oversupply should be considered with caution,” Woodside Acting …

Operations at the Mukran LNG terminal in Germany’s Baltic Sea have resumed following successful icebreaking operations to clear a navigable channel. The facility had been temporarily disrupted by heavy sea ice, preventing cargo ships from departing.Situated on Ruegen island, the Mukran LNG terminal is operated by Deutsche ReGas, which has …

A Chevron-led consortium on Monday signed the lease contracts for oil and gas exploration offshore Greece as the southern European country aims to become a major gas supplier in the Mediterranean. Chevron, in partnership with Helleniq Energy, signed the lease agreements with Greece concerning the exploration of four offshore blocks …

U.S. natural gas prices extended a slide that started earlier this month due to forecasts of warmer weather in the near future. In morning trade in Asia today, the futures contract for March shed 7.4% from Friday, falling to just above $3 per million British thermal units, the lowest price …

A tanker carrying liquefied gas is sailing to Europe from China in a rare move that was last made four years ago. The Seapeak Glasgow loaded the liquefied gas at the Zhejiang Ningbo terminal, Bloomberg reported, citing tanker-tracking data, and is signaling Europe as its next destination. European LNG imports …

Norwegian energy company Equinor has signed a five-year agreement to supply up to 0.5 billion cubic meters (bcm) of natural gas per year to Dutch utility Eneco, Trend reports via Equinor. Deliveries to the Dutch gas grid began on 1 February. The gas supplied under the deal has a lower-than-average …

Japan’s trading company Mitsui & Co is in an advanced stage of talks with QatarEnergy to buy a minority stake in one of Qatar’s mega expansion projects, anonymous sources with knowledge of the development told Reuters on Friday. Qatar’s state firm QatarEnergy is undertaking the world’s biggest LNG expansion project …

Germany’s chancellor, Friedrich Merz, will lead a delegation to Saudi Arabia and Qatar, seeking to secure supply deals for liquefied natural gas to diversify away from the United States, Bloomberg has reported, adding that Merz will also look for closer cooperation with the Gulf states on defense. The news follows …

Libya will step up its natural gas production to be able to supply more of the commodity to Europe, the chairman of the national Oil Corporation said today, as quoted by Reuters. Masoud Sulaiman said the country’s national oil company will aim to ramp up natural gas production to almost …

Qatari Energy Minister Saad al-Kaabi on Monday warned that rising power demand from artificial intelligence could wipe out the global LNG surplus and push markets into deficit by around 2030, despite more than 100 million tonnes per year of new LNG capacity scheduled to come online this decade, Reuters reported. …