economics
UAE's ADNOC to invest tens of billions to build U.S. gas business
The strategy is to diversify XRG's commodity exposure by operating across the entire gas value chain.
U.S. signs energy and AI deals with Balkan countries as its influence widens
The U.S. is seeking to deepen ties and counter the influence of Russian oil and gas in southern Europe, having signed a long-term deal last year to export liquefied natural gas to Greece.
Fresh EU sanctions set to hit condensate imports from Russia's Yamal LNG
New European Union sanctions will ban condensate imports from Yamal LNG and other Russian projects that produce the light fuel as a byproduct of their liquefied natural gas production from January 1, 2027, according to the EU's official journal. The European Union on Thursday formally approved a 90..
Apollo Funds to acquire 40% interest in Pembina Gas Infrastructure
Apollo announced that Apollo-managed funds (Apollo Funds) have agreed to acquire a 40% stake in Pembina Gas Infrastructure Inc. (PGI), a premier gas processing entity in Western Canada, from funds managed by KKR. Pembina Pipeline Corporation (Pembina), which operates and manages PGI’s facilities, wi..
China's LNG imports plunge, helping Asia adjust to Iran war losses
Despite the loss of volumes, it could be argued that Asia's LNG markets are being more successful in adjusting to the fallout from the U.S. and Israeli attacks on Iran than those for crude oil and refined products.
Europe's response to the Iran war energy crunch
Central to the EU proposals is a focus on reducing reliance on oil and gas, to cushion against future fossil fuel supply disruptions and price spikes.
What's in the EU's 20th package of sanctions against Russia?
The EU had initially aimed to adopt the package to mark the fourth anniversary of Russia's full-scale invasion of Ukraine on February 24.
Turkey says Iran gas pipeline contract nearing expiry, no talks yet on extension
The agreement, due to expire in July, provides for delivery of 9.6 Bm3y of gas, but actual flows have often fallen short.
EU warns of prolonged energy shock, forced cuts if Iran war continues
Europe has not yet faced supply shortages, but is grappling with soaring oil and gas prices and airports have warned the first jet fuel shortages could hit within weeks.
How China is plugging energy supply gaps left by U.S.-Iran conflict
China secured roughly half of its total imports of crude oil, refined fuels, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) from the Middle East in 2025.
U.S. natgas hits 17-month low on mild weather, ample stockpiles
Analysts projected that mostly mild weather so far this spring has allowed energy firms to inject more gas into storage than usual, boosting inventories to a forecast 5.3% above normal levels during the week ended April 10, up from 4.8% above normal during the week ended April 3.
Iran ceasefire eases fears but LNG sector left scarred
A Middle East ceasefire signals de-escalation, but the conflict has scarred the global LNG industry, denting confidence in Gulf suppliers and raising doubts among Asian buyers, particularly poorer countries, over the fuel’s reliability and affordability, a top industry executive said.
Morocco gas plan reset could open door to new investment models
Morocco’s decision earlier this year to pause elements of its long-anticipated LNG import strategy marks less a delay than a strategic reset – one that reflects both shifting global market dynamics and a more pragmatic approach to infrastructure development.
Caturus’ wellhead-to-water strategy achieves major milestones in upstream and LNG development
With commercialization finalized, the launch of the financing process with lenders is set to begin as the company advances the project toward a final investment decision (FID) anticipated in the coming weeks.
Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction
Brazilian state-run oil firm Petrobras has delivered liquefied petroleum gas auctioned off at high prices, even after President Luiz Inacio Lula da Silva said the government would annul it to protect consumers from fuel spikes.
Saudi Aramco and Sonatrach raise LPG prices for April by between 38% and 80%
Saudi Arabia's state oil producer Saudi Aramco and Algeria's Sonatrach have raised official selling prices for liquefied petroleum gas in April by between 38% and 80% due to limited global supply, traders said. The war in the Middle East has led to the largest energy supply crisis in decades, pushi..
Iran war is both a boost and a threat to Australia's LNG
The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.
Vingroup proposes scrapping LNG-powered plant plan for renewables amid Iran war
Vingroup, the country's largest conglomerate by market capitalization but a newcomer to the energy sector, declined to comment.
Shell warns Australia against taxing LNG windfall profits
Australia became the world's second-largest LNG supplier after Iranian strikes forced Qatar to halt production, with its export revenue set to surge due to lower supply caused by the conflict.
EU urges countries to start filling gas storage early amid Iran war
In a closed-door meeting, the Commission repeated that there is no immediate threat to EU gas supply but encouraged governments to act to counter soaring prices.
Iran war deals harder blow to natural gas than oil
Key gas infrastructure - liquefaction plants in particular - is more complex and expensive to build and repair than the oil equivalent. That means oil refineries can often resume operations more quickly than liquefied natural gas export hubs after a shutdown.
UAE's ADNOC Gas adjusts LNG output in response to shipping disruption
The gas subsidiary of ADNOC, Abu Dhabi's state oil firm, said it made temporary adjustments to its production of liquefied natural gas and export-traded liquids in response to ongoing shipping disruption in the Strait of Hormuz. The U.S.-Israeli war on Iran escalated sharply over the weekend after ..
Iran's giant South Pars gas field at the center of Gulf war escalation
The reservoir contains an estimated 1,800 Tft3 (51 Tm3) of usable gas - enough to supply the world's needs for 13 years.
Is Europe's gas demand recovery derailed or just dented by Iran crisis?
To help analysts and industries grappling with this issue, here are some key data points and trends on Europe's gas use by utilities and industry that may provide useful guideposts on the region's true demand potential.
India to boost coal use for summer power as Mideast crisis hits LNG supplies
New Delhi typically pushes power plants to ramp up generation during the April–June summer months, including costly gas-fired generation, to meet surging electricity demand and subsidises the cost for companies to shield customers from higher prices.
Iran war causes major oil, gas disruptions
The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbors have disrupted oil and natural gas exports from the Middle East and forced production stoppages.
Russia gets export boost from Iran war as price of oil to India surges
The Iran conflict, now in its seventh day, has left the Strait of Hormuz, a critical shipping chokepoint, all but shut, cutting countries off from a fifth of global oil and liquefied natural gas (LNG) supplies.
bp seeks at least $3.7 B from Venture Global arbitration
The remedies sought by bp include damages ranging from $3.7 B to potentially in excess of $6 B, as well as interest, costs and attorneys' fees.
Slovakia amends Gazprom gas contract, seeks to raise Russian imports before EU ban kicks in
EU gas prices have jumped 50% this week after Qatar halted liquefied natural gas exports following U.S. and Israeli strikes on Iran and Tehran's retaliation.
QatarEnergy offers 10 LNG tankers for lease amid production halt, soaring shipping rates
Qatari Energy Minister Saad al-Kaabi told the Financial Times it would take "weeks to months" to return to normal deliveries, even if the war ended today.
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years
