Russia expects the new Sakhalin-3 project to begin operations in 2028
Russian news agencies reported on Thursday that the country is expecting to begin natural gas production in 2028 at the new Sakhalin-3 Project in the Pacific Ocean to supply gas to China as well as for domestic use. Valery Limarenko said that Gazprom, the Russian energy giant, and regional authorities were working together on a plan for a refinery to be built in southern Sakhalin, to produce jet-fuel, diesel, and naphtha using gas condensate.
Shell MDS ordered to pay Petronas for gas overdue payments by Malaysian court
Local media reported that the Malaysian Court of Appeal overturned an injunction by the High Court that allowed Shell MDS Malaysia to stop its monthly payments of gas to national energy company Petronas as of August 2024. According to The Edge, the three-judge panel unanimously ruled that Petronas had not breached its agreement, since it continued to supply gas to Shell MDS during the dispute. Shell MDS received competing invoices for 80 million ringgit from Petronas as well as Petros, an aggregator of gas owned by Sarawak.
Chevron, Israel Natural Gas Lines to Begin Construction of Gas Pipeline to Egypt
Chevron has signed a deal with state-owned pipeline operator Israel Natural Gas Lines to kickstart construction of the Nitzana natural gas pipeline to transport gas from the Leviathan gasfield to Egypt, the U.S. company said on Tuesday.Nitzana would ease an energy crisis in Egypt, which has spent billions of dollars on importing liquefied natural gas and is part of a concerted effort to boost Israeli gas exports to the Arab world's most populous nation.Last month…
Russell: ADNOC must offer more than just money to make the Santos deal work.
Abu Dhabi National Oil Company's (ADNOC) $18.7billion bid for Australian liquefied gas producer Santos faces a much higher hurdle than the money offered. The politics surrounding the deal, which would represent Australia's biggest-ever cash takeover in history, are becoming increasingly difficult to overcome. ADNOC, Australia's second largest oil and gas company launched its bid in June, and a preliminary due diligence was to be completed no later than August.
Putin: Gas pipeline from China to Russia will benefit both countries, calculate price using market formula
The Russian President Vladimir Putin stated on Friday that Power of Siberia 2 was a "mutually-beneficial project". He also said the price of gas would be determined by a formula similar to those used to supply gas to Europe. Russia proposed this route years ago. However, the plan is now more urgent as Beijing has been identified as the best alternative to Europe. Europe wants to reduce its dependence on Russian energy due to Moscow's invasion of Ukraine in 2022.
Russell: ADNOC must offer more than just money to make the Santos deal work.
Abu Dhabi National Oil Company's (ADNOC) $18,7 billion bid for Australian liquefied gas producer Santos faces a much higher hurdle than the money offered. The politics surrounding the deal, which would represent Australia's biggest-ever cash takeover in history, are becoming increasingly difficult to overcome. ADNOC began its bid in June for Santos, Australia’s second largest oil and gas company. A due diligence initial was to be completed before August.
Leviathan Natural Gas Field Signs $35b Supply Deal With Egypt
Israel's Leviathan natural gas field has signed the largest export agreement in the country's history, worth up to $35 billion to supply gas to Egypt, NewMed, one of the partners in the field, said on Thursday.The deal should ease an energy crisis in Egypt, which has spent billions of dollars on importing liquefied natural gas since its own supplies fell short of demand.Egypt's production began declining in 2022, forcing it to abandon its ambitions to become a regional supply hub.
Operator says Ukraine gas interconnector is still operational after Russian attack
The Ukrainian gas transmission operator reported that the interconnector Orlovka in southern Ukraine, which was attacked on Wednesday by Russian drones, continued to supply gas on Thursday. On Wednesday, Ukrainian officials claimed that Russia had hit a gas station in the southern Odesa region of Ukraine used to import LNG imported from Azerbaijan and the U.S., which undermined winter preparations. An official of the operator said on Thursday that deliveries are being made the same way as before.
Qatar cut EU LNG supply over sustainability law, shows letter
Qatar threatened to stop gas deliveries to the European Union as a response to the bloc’s due diligence laws on forced labor and environmental damage. A letter sent by Qatar to the Belgian Government, which was seen by, revealed this. Qatar is the third largest LNG exporter in the world, after the United States of America and Australia. Since the Russian invasion of Ukraine in 2022, it has supplied between 12% to 14% of Europe’s LNG. In a May 21 letter to the Belgian Government…
Africa Energy to produce first gas from South Africa's biggest gas field in 2033
Africa Energy Corp, a Canadian-listed company, aims to begin production of South Africa's biggest gas discovery by 2033. Its CEO made the announcement on Tuesday as it pushed ahead with a project that former operator TotalEnergies abandoned. The company is waiting for regulatory approval on a revised environmental authorisation in order to survey Block 11B/12B of South Africa's south coast. South Africa is diversifying away from coal-fired electricity generation by using domestic gas.
Australia approves Woodside's North West Shelf LNG Plant to operate until 2070
Australia approved Woodside Energy’s request on Wednesday to extend the lifespan of its North West Shelf Gas Plant until 2070. This follows a six-year process that was plagued by delays, complaints and criticism from environmental groups. North West Shelf, located in Western Australia on the Burrup Peninsula, is Australia's largest and oldest liquefied gas plant. It also serves as a major supplier of LNG to Asian markets. In a press release…
Vopak is confident that it can advance Australia LNG import terminal following state overhaul of laws
After laws passed to alleviate supply shortages, Dutch tank storage company Vopak stated on Wednesday that it is confident of advancing the proposed liquefied gas import terminal (LNG) in Victoria, Australia’s largest gas-consuming State. The Victorian Energy Terminal proposed by Vopak in Port Phillip Bay, is one of four across southeast states that could meet the domestic gas demand. Regulators warn there may be shortages starting as early as 2027. Environmental concerns and regulatory obstacles have slowed down the progress of these projects.
Indonesia approves Kuwaiti explorer to develop Anambas block in Natuna Sea
Officials said that the Kuwait Foreign Petroleum Exploration Company has received approval to develop the Anambas Block in Indonesia where it hopes to acquire additional projects. KUFPEC plans to invest $1.54 billion in developing the Anambas Block to produce 55 millions standard cubic feet a day with an estimated 185 trillion cubic feet of gas sales. Upstream oil and gas regulator SKK Migas confirmed this. Sara Al-Baker, the country manager for the company…
Shell completes survey of Venezuelan gas field as winding down of license approaches
Shell, the oil and gas company, plans to finish a marine survey of the offshore Dragon gas field in Venezuela before the May deadline set by the United States to close all energy licenses in the country. According to LSEG vessel tracking data, the Colombian-flagged Dona Jose II survey vessel arrived in Venezuela sanctioned by the U.S. this month to collect data for Shell and Trinidad’s National Gas Company. Two sources said that the exploration…
Boeing, Apple and GE will join US business delegation to Vietnam next week list shows
A list of participants, including Boeing, Apple, and other top U.S. companies in tech, defence, and energy, will be joining a large mission to Vietnam, next week. This could be a sign of confidence, as Vietnam tries to avoid U.S. tariffs on trade. The US-ASEAN Business Council is an advocacy group that organizes the annual mission. This year, Vietnam is reviewing its tariffs on U.S. products, including liquefied gas, agricultural and high-tech goods, while U.S.
Qatar will supply gas to Syria through Jordan, with the US's approval, sources claim
Three people with knowledge of the matter have confirmed that Qatar will supply Syria with gas through Jordan in order to improve its meager electricity supply. A U.S. official has said the move was approved by Washington. Qatar would provide the most tangible support to the new government in Damascus. Qatar is one of the strongest supporters of the rebels, who have now taken over the reins of power after the ouster of Bashar al-Assad. Unnamed U.S.
Minister: Hungarian gas company will supply Transdniestria
Peter Szijjarto, the Hungarian foreign minister, said that a Hungarian trading company would provide natural gas to Transdniestria in Moldova after a request by Russia's energy ministry. Transdniestria residents, a tiny sliver run by pro Russian separatists on the border of Moldova and Ukraine, faced an energy crisis after the expiration of a transit agreement that allowed Russian natural gas to be shipped via Ukraine. Szijjarto said that the…
Breakaway Moldovan Region claims it received gas supplies backed up by Russian loan
Separatist authorities announced on Friday that the pro-Russian Transdniestria region of Moldova, which is a breakaway region, has begun receiving gas under a Moscow loan. Transdniestrian leader Vadim Krsnoselsky stated in a Telegram statement that the Russian loan assistance as well as cooperation with Russia's Ministry of Energy made gas deliveries possible. The Russian gas flow to Transdniestria through Ukraine ceased at the beginning of January after Ukraine refused to renew a transit contract.
Gas funded by the EU brings light back to a separatist region in Moldova
On Monday, authorities in Moldova's separatist Transdniestria began heating apartments during winter conditions after a month-long power cut. The European Union funded the resumption of natural gas flows. Transdniestria - which separated from Moldova after the Soviet Union ended - relied on Russian Gas passing through Ukraine. But Kyiv refused a transit agreement beyond the new year, claiming it funded Moscow's almost three-year old invasion.
Moldova will ship the first 3 mcm gas to breakaway regions on Saturday, says company
A Moldovan official in the industry said that the country will be sending 3 million cubic meters (mcms) of gas on Saturday to its separatist Transdniestria. This is the first fuel delivery to the region since the end of December, when the gas transit through Ukraine ceased. The morning delivery is to be made to the Transdniestrian Gas System, which already has a gas shortage to maintain pressure. Vadim Ceban, CEO of Moldovagaz, said that the…