Inpex has hiked income forecasts for FY 2018 by 37% thanks to an expected increase in revenue from the Ichthys LNG project in Australia.
Gas and renewables will provide 85% of the growth in primary energy demand over the coming two decades, according to BP’s long-term Energy Outlook – if policies, technology advances and societal preferences follow current trajectories.
Nigeria –Nigerian National Petroleum Corporation has reached an FID on the Assa North Ohaji South Fields gas project with partner Shell, despite lingering doubts on the development and associated infrastructure.
South Africa – Government is reviving efforts to unbundle state utility Eskom after the country endured a record level of electricity ‘load shedding’, while some hope Total’s recent offshore gas discovery can save South Africa’s failing power sector.
Philippines – Tanglawan LNG – a planned joint venture between Philippine fuel retailer Phoenix Petroleum and CNOOC – has confirmed it is discussing a strategic alliance with state-owned PNOC that would boost the credibility of its LNG-to-power project.
South Korea – Chevron has signed a new LNG sales and purchase agreement with US-South Korean joint venture GS Caltex Corporation for imports starting this October.
Australia –BP has contracted Diamond Drilling’s Ocean Apex semisubmersible rig to drill the Ironbark prospect offshore Western Australia, with activity expected to start in late 2020.
Central & South America
Argentina / Bolivia – The two states both claim to be winners after renegotiating long-term gas supply contracts for a fourth time, with Buenos Aires again lowering contracted volumes, which raises questions over Bolivia’s future as a key gas exporter.
Brazil – Shell has teamed up with Mitsubishi Hitachi Power Systems and Latin American private equity group Patria Investimento to build a new 565 MW CCGT power plant in Rio de Janeiro state, with feedgas expected from Shell’s acreage in Brazil’s highly prolific pre-salt basin.
EU – Denmark has been tipped to approve installation of the Gazprom-led Nord Stream 2 pipeline through its territorial waters after the European Union reached a provisional agreement over amending policy on gas pipelines entering the bloc from non-EU countries.
France / UK – As much as 40% of French gas demand is “at risk” of shortages and price increases if the UK leaves the European Union without a formal deal, a new report by the Oxford Institute of Energy Studies has revealed.
Italy – Parliament has approved an 18-month moratorium on oil and gas exploration to allow the coalition government time to evaluate areas for sustainable exploration, which would increase the likelihood of greater gas imports into Europe’s third largest gas consumer.
UK – Government has cast further doubt over the UK’s nascent shale sector after refusing Cuadrilla permission to frack at its Roseacre Wood site in Lancashire shortly after rejecting the company’s calls to review seismicity regulations.
Yemen – Yemen is preparing to export its first LNG cargo in four years, the country’s oil minister was quoted as saying this week, but restart efforts will face both security and political obstacles as the civil war rages on in the Middle Eastern nation.
Egypt – BP has brought online more fields at the West Nile Delta gas megaproject that should help propel domestic production to all-time highs, suggesting Egypt could regain status as a net exporter of gas later this year.
Egypt has snared the energy majors following the conclusion of two 2018 licensing rounds, with Shell emerging as a major winner after picking up five blocks of the 27 on offer and reports suggesting ExxonMobil has made its maiden entry into the nation’s upstream sector.
US – US gas pipeline and LNG export projects may face delays after federal watchdog FERC reopened the public comment period on environmental assessments of several projects due to the recent government shutdown, with reports suggesting a second closure is looming.
Reliance on LNG imports to meet peak demand in the constrained US north-east reached a new level during a recent bout of extreme cold weather, as send-out from Boston’s deepwater terminal hit a fresh record on 1 February.
National Grid has failed to convince local opponents of the need for a small-scale liquefaction facility at its LNG storage site in Rhode Island, despite a recent supply outage that left scores of islanders without gas during an intense cold snap.
LA mayor Eric Garcetti has announced the “beginning of the end of natural gas” in the city following a decision not to repower three coastal gas-fired power plants – Scattergood, Haynes, and Harbor.
BHP has approved a nearly USD 700 million investment to develop the Atlantis Phase 3 project in the US Gulf of Mexico with project partner BP who sanctioned its share of the funding earlier this year.
Russia & CIS
Russia – Gazprom faces an uphill battle over Chechnya paying its gas debt, after a court ruled to cancel over half the debt – a decision that Gazprom is appealing as it looks to prevent other districts from taking a leaf out of Chechnya’s book.
Our three titles – Gas Matters Today, Gas Matters and LNG Business Review – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.
Gas Matters Today
Gas Matters Today's news analysis keeps you fully briefed on the relevant people, companies and events shaping the gas, LNG and wider hydrocarbon industries.
Gas Matters provides essential context for the global gas industry and wider energy complex, pairing insider insight with broader themes - from geopolitics to macroeconomics to regulatory risk.
LNG Business Review
LNG Business Review gives the insiders view on issues LNG mangers are facing today, written by Gas Strategies' network of LNG experts.Stay current and search the past
Access news and features published daily*, plus a fully searchable archive.Available when you need it
Save stories, features, news and interviews and also read offline in the Gas Strategies app.Stay up-to date
Get real-time access to articles as they are published with alerts for the latest content.Flexibility
Access content via mobile or tablet, dedicated apps, web browser or customise a downloadable pdf.Subscribe
For more information please contact the subscriptions team on +44 (0) 20 7332 9981 or [email protected]
*Monday to Friday, excluding UK public holidays.