economics
EU proposes 21st package of sanctions against Russia, targeting banks, refiners, traders, LNG
The EU has proposed a 21st package of sanctions against Russia for its war in Ukraine, heavily targeting the country's banks and crypto networks as well as drone production, oil traders and refiners.
U.S. natgas futures rise as hotter weather boosts demand, some spot prices negative
U.S. natural gas futures edged up about 1% on Tuesday with forecasts for hotter weather than previously expected over the next two weeks boosting demand in mid-June, and a slow decline in output in recent days.
Asia spot LNG rises on stronger demand, risk of supply disruptions
Asia spot liquefied natural gas prices rose this week on stronger demand from China and India, and amid supply disruption risks linked to industrial action in Australia and reduced output from maintenance activity elsewhere.
Price rise as Iran war hostilities flare, LNG supply tightens
Dutch and British wholesale natural gas contracts rose on Wednesday morning as fresh strikes in the Gulf cloud the outlook for any peace deal and the reopening of the Strait of Hormuz and as a strike in Australia could curb global liquefied natural gas (LNG) supply further.
Putin approves sale of TotalEnergies' 10% stake in sanctioned Arctic LNG 2 project
If finalized, the French oil major would still hold an indirect stake in the project, as it owns 19.4% of private Russian liquefied natural gas company Novatek.
Unions threaten to stop Inpex Ichthys LNG loadings from next week
Workers began a limited strike on Tuesday at Inpex's Ichthys liquefied natural gas facilities in Australia over a wage dispute, and their unions threatened much broader action next week that could disrupt LNG production and loadings.
IEA: Natural gas spending to hit 10-yr high in 2026 as oil investment falls
As global energy markets remain disrupted by the Iran war, which has halted tanker traffic through the Strait of Hormuz and caused production stoppages across the Middle East, companies are accelerating investment in other geographies and boosting spending on renewables, LNG and coal to shore up supply security.
Russia's pipeline gas exports to Europe up 3% in May year-on-year
Turkey is the only transit route left for Russian gas to Europe after Ukraine chose not to extend a five-year deal with Moscow that expired in January 2025.
Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia
Eni signed three long term agreements with the LNG sellers of South Hub and North Hub gas projects, both operated by Eni with a material participating interest averaging in excess of 80% across the 2 hubs, for the purchase of liquefied natural gas in Indonesia. These contracts further strengthen Eni..
Asia LNG prices hit 7-week high as demand rises and Iran conflict stirs risk
Asia spot liquefied natural gas rose this week to its highest level in seven weeks as stronger early summer demand and supply risks tightened availability and geopolitical uncertainty around the Iran conflict keeps markets on edge.
Opinion: Australia's LNG industry worries it will miss the huge opportunities from Iran war
Senior industry executives speaking at the annual Australian Energy Producers (AEP) conference this week were all singing from the same song sheet, repeatedly hammering their view that Australia needs to get its policy settings correct in order to restore confidence and spur renewed investment.
Russia faces lower LNG revenue as shift to Asia doubles costs
The European Union plans to fully phase out Russian LNG imports from the beginning of 2027 as part of its sanctions pressure on Moscow over the war with Ukraine.
Serbia to submit final proposal on NIS to Hungary's MOL
Russia's Gazprom Neft and Gazprom agreed to sell their 56% majority stake in NIS to MOL in January after the U.S. demanded the divestment of Russian-owned shares due to sanctions over Moscow's war in Ukraine.
ADNOC signs two strategic collaboration agreements with Indian partners
The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.
U.S. natural gas prices dip on weak demand and high storage levels
Output has declined in recent weeks as low spot prices caused some energy firms, like EQT, the second-largest U.S. gas producer, to reduce production as they wait for prices to rise in the future.
Russia revises down oil and gas production and exports forecasts for 2026–2029
Russia has faced challenges to its oil and gas industry, including western sanctions and Ukrainian drone attacks on its energy infrastructure which led to oil output decline in early April.
Woodside Energy's delayed Browse LNG project expected to cost $35 B
The proposal to develop Australia's largest untapped gas resource was submitted to regulators in 2018 and was last estimated to cost A$27.3 B in 2019, but a major carbon capture and storage (CCS) component was added to the project in 2023.
Booming U.S. energy exports draw scrutiny as domestic fuel prices bite
U.S. exports of gasoline, diesel, crude oil, LNG, jet fuel and ethane all surged to record highs so far in 2026 as energy firms capitalized on the disruptions to Middle East shipments and catered to urgent orders from customers around the world.
Brazil's Petrobras raises natural gas prices by 19% after oil shock
Petrobras updates natural gas prices on a quarterly basis, with adjustments tied to Brent crude prices, foreign exchange rates and U.S. Henry Hub benchmarks.
Apollo, Blackstone and KKR vie for Shell stake in LNG Canada
Any deal is expected to be valued well north of $10 B and could reach as high as $15 B.
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.
- Cheniere signs deal with Bechtel to expand U.S. LNG export capacity
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
- Baker Hughes’ fuel flexible NovaLT™ 16 gas turbine certified by RINA for marine propulsion
- U.S. natural gas exports to grow nearly 30% by 2027 as LNG facilities ramp up
