Processing/LNG
CP2 Project Approval Could Make Venture Global Top U.S. LNG Firm
Venture Global is positioned to become the largest U.S. LNG producer by 2026 if its CP2 project moves forward, surpassing Cheniere with a combined 66.5 MTPA capacity, according to company data and analysts.
Egypt Seeks Up to 60 LNG Cargoes to Curb Energy Crunch
Egypt is negotiating with global energy firms and traders to import up to 60 LNG cargoes and fuel oil this year as the country faces a deepening energy crisis amid declining domestic gas production.
Europe, Asia Face Rising Competition for LNG Ahead of Summer, IGU Says
The International Gas Union warns that Europe and Asia are set to compete for LNG cargoes this summer, with rising Asian demand and Europe's need to refill storage driving potential price increases.
Freeport LNG Brings Final Storage Tank Back Online Following 2022 Fire
Freeport LNG has returned its third storage tank to service with regulatory approval, completing the recovery from a 2022 incident that damaged the facility.
Guangdong Pearl River Signs 15-Year LNG Deal with ConocoPhillips
Guangdong Pearl River Investment has signed a 15-year agreement to purchase LNG from ConocoPhillips, with supply expected to begin in 2028. The deal was announced during the World Gas Conference, though volume details remain undisclosed.
Vopak Advances Australia LNG Import Terminal After Victoria Eases Rules
Vopak says it is moving ahead with its proposed LNG import terminal in Victoria, Australia, after the state passed legal reforms to streamline approvals for energy infrastructure projects amid looming supply concerns.
Russia's Arctic LNG 2 Starts Second Train Despite Sanctions Blocking Sales
Russia’s Arctic LNG 2 project has started production at its second train despite being unable to export gas from its first train due to U.S. sanctions and shipping shortages, a source told Reuters. Novatek, the plant's majority owner, declined to comment.
ConocoPhillips CEO Warns U.S. Shale Output Could Plateau at Current Oil Prices
ConocoPhillips CEO Ryan Lance said U.S. shale oil output could plateau if prices remain in the $60–$70 range, with declines likely below $60. He also projected LNG demand to rise sharply, requiring growth from both Qatar and the U.S.
U.S. DOE to Resume LNG Export Permit Decisions After Policy Pause
The U.S. Department of Energy will begin reviewing pending LNG export permits for non-FTA countries after completing a study on environmental and economic impacts, ending a pause enacted under the Biden administration.
TotalEnergies Signs 20-Year Canada LNG Deal, Takes Stake in Ksi Lisims Project
TotalEnergies has signed a 20-year agreement to purchase 2 million tons of LNG annually from Canada’s Ksi Lisims project and acquired a 5% stake in developer Western LNG, with options to expand its ownership when a final investment decision is made.
U.S. Gulf Coast’s First LNG Bunkering Hub Approved for Construction
GLBP, a joint venture between Pilot LNG and Seapath, has secured final permits to build the first LNG marine fuel terminal on the U.S. Gulf Coast, with construction set to begin later this year and operations starting in 2027.
U.S. LNG Developers Target 2025 FIDs Despite Trade Headwinds
U.S. LNG developers are moving forward with over 90 MTPA in new export capacity despite cost concerns, trade tariffs, and supply chain risks. Projects from Cheniere, Venture Global, and Woodside are among those targeting FID in 2025.
Venture Global Pushes FERC to Reapprove CP2 LNG Project in Louisiana
Venture Global is urging FERC to reapprove its CP2 LNG terminal in Louisiana—set to be the largest in the U.S.—following a completed environmental review showing no significant air quality impacts.
Aramco Signs $90 Billion in U.S. Deals as Trump Gulf Visit Sparks New Tie-Ups
Saudi Aramco announced $90 billion in preliminary deals with major U.S. firms during Trump’s Gulf visit, highlighting expanded partnerships across energy, AI, and digital infrastructure.
Japan’s Eneos Boosts LNG, SAF Investments While Scaling Back Hydrogen Plans
Japan’s Eneos plans to invest $10.7 billion under a new three-year strategy, prioritizing LNG and sustainable aviation fuel while pulling back on hydrogen and ammonia targets.
Glencore Inks 20-Year LNG Deal with Commonwealth, Kimmeridge
Glencore has signed a 20-year agreement to purchase 2 million tonnes of LNG annually from Commonwealth's Louisiana export terminal, supported by natural gas from Kimmeridge Texas Gas, helping advance the project toward a final investment decision.
Aramco to Secure 6.2 Million Tons of U.S. LNG via NextDecade, Sempra Deals
Saudi Aramco will sign MoUs with U.S. LNG producers NextDecade and Sempra for 6.2 million tons of LNG supply, part of its broader push into the natural gas market and U.S. energy investments.
Egypt Secures 10-Year Floating LNG Terminal Deal with Hoegh Evi
Norway’s Hoegh Evi has signed a 10-year agreement with Egypt’s EGAS to supply a floating LNG terminal by late 2026, as Egypt faces growing gas shortages and seeks to boost LNG import capacity.
U.S. Regulators Recommend Approval for Venture Global’s CP2 LNG Project
Venture Global’s proposed CP2 LNG project in Louisiana received a favorable final environmental review from U.S. regulators, paving the way for potential approval of what could become the largest LNG export facility in the country.
Spain’s U.S. LNG Imports Double, Replace Russian Supply
Spain's LNG imports from the U.S. surged to 35% of total gas supply in the first four months of 2025, overtaking Algeria and replacing Russian gas, according to Enagas data.
Enbridge Targets 2028-29 for Deepwater Pipeline Startups, Eyes Gulf Coast Storage Expansion
Enbridge is targeting startup of its Canyon and Sparta offshore pipelines by 2028-29 and evaluating 24 Bcf of expansion potential at its Gulf Coast gas storage sites to strengthen LNG export connectivity.
Global Energy Exports Slide as Trade Risks Weigh on Oil and Fuel Demand
Global oil, LNG and fuel exports slowed in early 2025 as rising trade tensions and tariffs disrupt flows, pressuring demand across major import markets and raising risks for energy exporters.
LNG Exporters Fight Trump Rule Mandating U.S.-Built Tankers
LNG exporters are pushing back against a Trump administration rule requiring U.S.-built tankers for LNG shipments, warning the mandate could disrupt exports amid limited shipbuilding capacity.
Energy Transfer Nears FID on Lake Charles LNG Project After Signing Buyer
Energy Transfer moved closer to sanctioning its Lake Charles LNG export project after securing a key Japanese buyer, boosting committed sales to 10.5 MTPA as it targets a final investment decision by year-end.
U.S. Natural Gas Prices Rise 4% as Freeport LNG Restarts, Production Falls
U.S. natural gas prices rose 4% after Freeport LNG restarted operations and production fell, tightening supply amid spring maintenance and lower output. Analysts expect mild weather to ease demand while LNG exports remain steady.
LNG Canada Readies for First Production in June After Plant Cooldown
LNG Canada has completed cooldown at its Kitimat facility and is preparing to produce first LNG in June, marking a milestone as Canada’s first LNG export terminal nears operations.
Bukit Asam Advances $3.1 Billion Coal-to-Synthetic Gas Project in Indonesia
Indonesia’s Bukit Asam plans a $3.1 billion plant to convert low-grade coal into synthetic natural gas, aiming to boost domestic gas supply and compete with LNG imports.
Commonwealth LNG Signs 20-Year Deal for Louisiana Project with Major Asian Buyer
Commonwealth LNG signed a 20-year supply agreement with a major Asian buyer for 1 million tonnes per annum from its planned Louisiana export project, marking a key milestone ahead of final investment decision.
Sunoco to Acquire Parkland in $9 Billion Deal as Americas Fuel Market Consolidates
Sunoco will acquire Parkland Corporation in a $9.1 billion cash and equity deal, expanding its North American fuel network and maintaining Canadian operations, the companies announced.
Arbitrage Reopens: U.S. LNG Diverted from Europe to Asia in Global Market Shift
Several U.S. LNG cargoes originally bound for Europe have been redirected to Asia as a reopened arbitrage window and falling European prices shift global trade flows. Analysts say the move highlights growing competition between Atlantic and Pacific markets heading into summer.
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
