Sources say that Japan's Mitsui is close to purchasing a stake in Qatar LNG Project.
Five sources said that Japan's Mitsui & Co. is on the verge of buying a stake, in the second phase, in QatarEnergy’s massive North Field project as it seeks a stable liquefied gas (LNG). The deal, if reached, would strengthen Japan's energy safety as it seeks to meet the increase in electricity demands from the artificial-intelligence boom using conventional fuels.
Sources: Mitsui Japan is close to a stake in Qatar LNG Project
Five sources said that Japan's Mitsui & Co. is on the verge of?buying a share in the second phase QatarEnergy’s massive North Field Project?in order to ensure a stable liquefied gas supply (LNG). The deal, if reached, would strengthen Japan's energy safety as it seeks to meet the increase in electricity demands from the artificial-intelligence boom using conventional fuels.
Taiwan will increase its purchases of US gas in this year
Taiwan will increase its purchases of U.S. Natural Gas?to account for about one-third its import supply?this, and reduce its purchases from other countries. Taiwan, which has a large surplus of trade with the U.S. has expressed interest in an enormous new LNG project in Alaska, that the Trump Administration has been pushing to its Asian allies as a possible supply option.
Petronas signs a 20-year LNG Supply Deal with QatarEnergy
QatarEnergy has agreed to supply Petronas with 2 million metric tonnes of LNG per year in a deal lasting 20 years. This will help meet the country's increasing gas demand despite its dwindling gas reserves. Qatar signed a 27-year LNG deal with Japan in the last week, and this deal was the first long-term LNG supply agreement between the two nations.
QatarEnergy signs long-term LNG supply agreement with Japan's Jera amid surge in demand
QatarEnergy signed a contract with Japan's largest power generator Jera on Tuesday to supply 3,000,000 tons of LNG per year for 27 years starting in 2028. This deal will further strengthen Qatar's position on the Japanese market. The agreement was made at the LNG2026 Conference in Doha and would strengthen QatarEnergy’s position in Japan, as the competition from U.S.
QatarEnergy Secures LNG Supply Deal with Jera as Demand Surges
QatarEnergy, one of the world's biggest LNG suppliers, signed a deal on Tuesday with Japan's top power generator Jera to supply 3 million tons of LNG annually for 27 years from 2028, further strengthening Qatar's position in the Japanese market.The agreement, made on the sidelines of the LNG2026 conference in Doha, would bolster QatarEnergy's position in Japan as competition intensifies from U.S.
In January, the US accounted for 60% of Europe's LNG imports.
Data?showed that the United States provided 60% of Europe's liquefied gas in this month. This confirms its position as Europe's leading LNG?supplier, as European officials are becoming wary of their?growing dependence?on U.S. Energy. Kpler, a data analytics company, shared that the 60% share represented an increase compared to both January 2025 and last month, when U.S. imports accounted for 53% of EU exports.
Over the objections of the government, French Senate approves a proposal to allow oil exploration in overseas territories
The French Senate approved by a large majority a proposal on Thursday to allow oil and gas exploration within its overseas territories. This followed a heated debate which pitted the country's decade old climate commitments with growing concerns about energy sovereignty and supply security. French Guiana, a South American territory located east of Venezuela and sandwiched between Brazil and Suriname…
Malaysia's Petronas wants to increase its exploration and production over the next three months
Petronas, Malaysia's state-owned energy company, said it would increase exploration and production over the next three year to improve domestic energy security. Petronas stated that it will maintain its domestic production?at??close to?two million barrels of equivalent oil per day? between 2026-2028. It will also continue to invest in exploration…
Prices for gas in Europe are on the rise amid low storage levels
The benchmark British and Dutch wholesale gasoline prices increased on Thursday morning, as the market was supported by concerns about Europe's low storage levels and cold temperatures. LSEG data shows that the benchmark Dutch front-month contract was 39.53 euros per Megawatt Hour (MWh), or $13.86/mmBtu at 0923 GMT. This is an increase of 0.53 Euro. The Dutch March rate was 0.95 euros higher at 37.90 Euro/MWh.
TotalEnergies executive: LNG buyers prioritize supply security over price.
An executive from French oil giant TotalEnergies told the India Energy Week Conference on Wednesday that global?instability?is pushing buyers of liquefied natural gas to prioritize energy security?over other considerations such as price. Ronan Bescond is Total's Vice President of Long-Term Marketing and Origination for gas and Power.
Australia now offers three new offshore wind licenses
The government announced on Friday that Australia had offered offshore wind licenses for projects off the coast of Western Australia's southern coast. These projects could bring 4 gigawatts (GW) of clean energy to the state's isolated power system. The offer comes after several other offshore wind project on the east coast Australia have been pulled in the last 18 months, slowing down the sector's progress.
Inpex is working to advance Indonesia's Abadi LNG Project in order to meet the government's request
Takayuki ueda, CEO of Inpex Japan, said that the company is working hard to accelerate the start-up of the Abadi project to Indonesia in order to "meet" the government's request for speed. Western companies have shown a "strong interest" to purchase liquefied gas. Inpex will benefit from the long-delayed project worth $20 billion, which is expected to produce up 9.5 million tons of LNG per year.
Sources say China will offer LNG futures by next month.
People with knowledge of the matter said that China will offer domestically listed, yuan denominated liquefied gas (LNG), futures contracts by the end of next month. This would reduce importers' reliance on the West to hedge against price movements. A person who declined to be named as they weren't authorised to talk to the media said that the?derivative? product would be listed at the Shanghai Futures Exchange.
EDP CEO warns EU about lost urgency in energy security and renewables push
The European Union has lost its sense of urgency in addressing energy security. Bureaucracy is still preventing the bloc to reduce costly energy imports and slowing down renewable energy projects. Miguel Stilwell d'Andrade (CEO of one of Europe's biggest renewable power producers) told reporters that companies are struggling to build enough wind and solar assets to replace imported fossil energy sources.
Engie signs first-ever biomethane deal with Pepsi UK
Engie announced on Wednesday that it had won a 10-year contract to supply biomethane to PepsiCo UK. This is the first?deal of its kind between a biomethane manufacturer and a?food?industry?player in Britain. The utility company said that PepsiCo UK would buy 60 gigawatt-hours of biomethane per year from Engie’s newly built anaerobic digester in Northern England.
EDP CEO Warns EU on Lost Urgency for Energy Security
Four years after the start of the Ukraine war, the European Union has lost the sense of urgency needed to strengthen its energy security, with bureaucracy still slowing renewable projects and preventing the bloc from cutting costly energy imports, the head of Portuguese energy group EDP said.Miguel Stilwell d’Andrade, CEO of one of Europe’s largest renewable power producers…
China's crude and gas production, refinery throughput in 2025 will reach new heights
Government data released on Monday showed that China's crude oil production and refinery throughput will both reach new highs in 2025, with crude oil growth of 1.5% and 4.1% respectively. National Bureau of Statistics reported that the world's second-largest oil consumer will process 737.59 metric tons of crude oil in 2025. Calculations…
Masdar and EPCG in Montenegro to explore a joint venture for renewables
Montenegro’s state utility EPCG, and United Arab Emirates’ state-owned Masdar will explore establishing a joint venture to develop large-scale renewable energy projects in the Balkans. The ministry stated that the potential partnership would focus on projects in solar power, wind, hydropower and battery storage, as well as hybrid systems.
MOL, the Hungarian company, could soon sign a first deal to purchase a stake in Serbian NIS
Peter Szijjarto, the Hungarian foreign minister, said that the Hungarian oil company MOL will sign the first important deal in its negotiations to purchase a majority stake of the Serbian oil company NIS owned by Russia in the next few days. After meeting with the Serbian energy minister in Belgrade, Szijjarto gave a briefing saying…