Tag: LNG

Energy, Oil & Gas

IEA forecasts 0.5pc drop in global natural gas demand in 2026

The International Energy Agency (IEA) forecasts global natural gas demand will fall 0.5 per cent in 2026 as Middle East conflict-driven supply disruptions, higher prices and reduced LNG flows through the Strait of Hormuz weigh on consumption. ...

Energy, Oil & Gas

LNG trade hits record 436.98m tonnes in 2025

Global liquefied natural gas (LNG) trade reached a record 436.98 million tonnes in 2025, rising 6.3 percent and marking the fastest growth since 2022, according to the International Gas Union (IGU)....

Energy, Oil & Gas

Adnoc signs 15-year LNG supply deal with Japan’s Inpex

Adnoc has signed a 15-year Sales and Purchase Agreement (SPA) with Japan’s largest exploration and production company, Inpex Corporation, to supply 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from its Ruwais LNG project....

Energy, Oil & Gas

Adnoc launches global LNG marketing, trading platform

Adnoc has launched a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), integrating Adnoc Gas, XRG and Adnoc Trading to strengthen operations. The platform boosts flexibility, shipping optionality and customer access, supporting LNG expansion including the Ruwais project. ...

Energy, Oil & Gas

Global LNG demand to rise 65pc by 2050, Shell forecasts

Global demand for liquefied natural gas (LNG) is projected to reach nearly 700 million tonnes annually by 2050, up around 65 per cent from 2025 levels, driven by growing demand for secure, flexible and lower-emission energy, according to Shell’s LNG Outlook 2026....

Energy, Oil & Gas

Over 50 injured, many missing after explosion at Qatar LNG site

Fifty-four people have been injured while 18 are missing after an explosion at Qatar's core LNG processing site of Ras Laffan on Sunday, said media reports citing QatarEnergy officials. The blast happened during start-up operations due to a "technical accident" at the Barzan gas supply facility. ...

Energy, Oil & Gas

John Crane develops breakthrough drivetrain analysis method

John Crane has developed a validated drivetrain analysis method improving prediction accuracy for rotating equipment, reducing failure risk, downtime and vibration issues through dynamic modelling, testing and real-world data across oil, gas, LNG and power sectors....

Energy, Oil & Gas

China advances LNG shipbuilding with new QC-Max carrier project

Construction has started in China on a 271,000-cubic-metre LNG carrier, highlighting advances in high-end shipbuilding and energy transport. The QC-Max vessel, built by Hudong-Zhonghua Shipbuilding, a China State Shipbuilding Corporation subsidiary, is due for delivery in 2028....

Energy, Oil & Gas

Oil, LNG vessels exit hormuz for Pakistan, China

Two liquefied natural gas tankers passed through the Strait of Hormuz on Monday ( May 25) heading to ‌ route to Pakistan and China, while a supertanker carrying Iraqi crude for China departed the Gulf on Saturday after being stranded for nearly three months, according to shipping data cited by Reuters....

Energy, Oil & Gas

BOTAS, Edison sign MoU to explore gas, LNG cooperation

Turkey’s state-owned energy company BOTAS has signed a memorandum of understanding with Italian energy firm Edison to explore potential cooperation opportunities in natural gas and liquefied natural gas (LNG), the companies said....

Energy, Oil & Gas

Eni secures long-term Indonesia LNG agreements

Eni signed three long-term LNG agreements in Indonesia covering South Hub and North Hub projects in the Kutei Basin, securing about 2 MTPA supply via Bontang LNG facilities....

Energy, Oil & Gas

QatarEnergy, Egypt agree gas cooperation deal

QatarEnergy signed an MoU with Egypt and ExxonMobil to explore Cyprus gas development and commercialisation via Egypt’s LNG infrastructure, strengthening Egypt’s role as an Eastern Mediterranean gas hub....

Energy, Oil & Gas

Europe to source two-thirds of its LNG imports from US in 2026

Europe is increasing reliance on US LNG, projected to supply two-thirds of imports in 2026, potentially becoming the EU’s main and costliest gas source amid shifting global supply, according to Institute for Energy Economics and Financial Analysis (IEEFA)....

Energy, Oil & Gas

Mideast crisis disrupts global LNG markets, supply growth: IEA

Middle East conflict disrupted global natural gas markets, cutting nearly 20 per cent of LNG supply via the Strait of Hormuz, causing supply shocks, uncertainty, and sharp price increases worldwide, according to the International Energy Agency’s (IEA) latest quarterly gas market report. ...

Energy, Oil & Gas

QatarEnergy marks first LNG export from Golden Pass project

QatarEnergy marked its first LNG export from the Golden Pass project in Texas, a joint venture with ExxonMobil, as a milestone toward full operations, with cargo loaded onto the new 174,000-cubic-meter Al-Qaiyyah carrier....