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Iran chases back Qatar’s LNG vessels from Strait of Hormuz
Ziggy Ojiegbe Tensions in the Persian Gulf are beginning to disrupt global energy flows, as Iran tightens its grip on key shipping routes. Two liquefied natural gas carriers — the Al Daayen and Rasheeda — have turned back toward Qatar…
US EXIM approves over $2 bn US LNG supply to Egypt
Ziggy Ojiegbe The Export-Import Bank of the United States has approved more than $2 billion in financing support for U.S. liquefied natural gas exports to Egypt, in a move aimed at expanding American energy reach and strengthening strategic trade ties….
Trump floats $750bn deal as Europe scrambles for LNG supplies
Sopuruchi Onwuka Tensions in global energy markets are intensifying as the United States moves to secure a major long-term supply arrangement with the European Union, offering a package of deals that could reach $750 billion through 2028. The proposal, which…
Iran war erases LNG glut fears as market shifts toward deficit
Attacks linked to the ongoing conflict involving Iran and disruptions to oil and gas production across the Middle East have rapidly changed the outlook for the global liquefied natural gas (LNG) market. Security concerns around shipping through the Strait of…
37 mtpa new LNG capacity to come online in 2026
Global liquefaction additions reach 88 mtpa since 2025 Sopuruchi Onwuka, with agency reports About 37 million tons per annum (mtpa) of new LNG liquefaction capacity is expected to come online in 2026, adding to the 51 mtpa that entered service…
Nigeria Leads Sub-Saharan Africa’s LNG Boom
Sopuruchi Onwuka Sub-Saharan Africa’s liquefied natural gas (LNG) supply is set for rapid expansion over the next decade, with total output forecast to rise by 172% from 35.7 billion cubic metres (bcm) in 2024 to about 98 bcm by 2034,…
New liquefaction projects cast global LNG oversupply shadow
Sopuruchi Onwuka The race by producers to meet rising demand for natural gas as the world prioritizes cleaner energy options is now raising concerns among investors who begin to spy imminent gloom for investors in high-cost unconventional terrains. According to…
EU demand surge drives global LNG exports to record high in September
Sopuruchi Onwuka Global exports of liquefied natural gas (LNG) reached a record 34.59 million metric tons in September, driven by surging demand from Europe and higher shipments from producers outside the Gas Exporting Countries Forum (GECF), the forum said in…
Türkiye locks $43 bn LNG imports from US
Government of Turkiye says it has concluded a $43 billion deals with traders that would deliver liquefied natural gas (LNG) from the United States to further diversify for the European nation. During President Recep Tayyip Erdogan’s U.S. visit, Türkiye’s state-run…
Shell to divest renewable ventures to focus on LNG in next decade energy production
Sees 60% percent LNG growth by 20240 European oil multinational, Shell, had declared intention to pursue low carbon energy production in the next 10 years, focusing on liquefied natural gas (LNG) as the biggest contribution to the energy industry in…
