Strait of Hormuz disruption threatens first annual demand decline since 2022, even as LNG trade and prices show new resilience Global natural gas demand climbed to an all-time high in 2025, but a supply shock in the Middle East is now poised to end that growth streak, according to the Global Gas Report 2026, published…
The global LNG market just closed out its strongest year since 2022, only to sail straight into one of the most disruptive geopolitical shocks the industry has ever faced. That’s the picture painted by the International Gas Union’s 2026 World LNG Report, produced with Rystad Energy: a business that broke records in 2025 and then,…
PARIS: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has closed an agreement to divest to PTTEP an indirect interest of 9.998% in block SK408 in Malaysia. Further to this transaction, TotalEnergies keeps a 30.002% interest in block SK408. This partnership with PTTEP in block SK408 marks a new milestone for TotalEnergies in Malaysia, following the acquisition of SapuraOMV in December…
LONDON: Active Energy Group has signed Heads of Terms with Fonmon Castle Ltd to develop a 150-megawatt Battery Energy Storage System (BESS) in the Vale of Glamorgan, marking a strategic advance in the company’s renewable energy ambitions. Under the agreement, Fonmon Castle Ltd will lease approximately 10 acres of land for 30 years to facilitate…
ASTANA: National Atomic Company Kazatomprom JSC announced Monday it has signed a Memorandum of Understanding with Slovenské elektrárne a.s. (SEAS), Slovakia’s largest electricity producer, to explore long-term cooperation in the nuclear energy sector. The agreement marks the first formal collaboration between the two companies and outlines plans for potential supply of natural uranium concentrate and…
HOUSTON: Venture Global, Inc. (NYSE: VG) has signed a 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of Malaysia’s state-owned energy giant PETRONAS, the company announced Friday. Under the agreement, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s third export facility,…
SYDNEY: APA Group (ASX: APA) announced Wednesday that it has entered into a binding agreement to acquire the Atlas to Reedy Creek Pipeline (ARCP) from Senex CSG Assets Pty Ltd for $110 million. ARCP, a 56-kilometer gas transmission pipeline in Queensland’s Surat Basin, transports gas from Senex’s Atlas East Compression Facility to APA’s Reedy Creek…
ADELAIDE: Thor Energy plc announced Monday that its subsidiary, Go Exploration Pty Ltd, has accepted an offer from the South Australian Department for Energy and Mining for three Gas Storage Exploration Licenses (GSELs 804, 805 and 806). The licenses, strategically located near Adelaide, provide exclusive rights to explore underground gas storage potential across more than…