World Energy News

Victoria Launches First Australian Offshore Wind Auction

The government of Australia's Victoria state has opened a bidding process for its first 2 GW of offshore wind capacity, marking the launch of the country's first offshore wind auction.Energy and Resources Minister Jaclyn Symes opened the Request for Proposal process on August 26, with projects to be assessed on value for money…
Petronas and PTT units receive approval for a new gas contract in Malaysian-Thai joint area

Malaysian state-owned energy company Petronas announced on Monday that its 'unit, along with subsidiaries of Thailand PTT's 'have received approval from both governments for the new?production share contract (PSC)?for a large gas-producing?block?in their joint area. This approval…
Petronas and Thailand's PTT receive approvals for a new gas block-sharing contract

Malaysian state-owned energy company Petronas announced?on Monday that its unit, along with subsidiaries of Thailand's PTT, had received government approval for a new Production-Sharing Contract (PSC), covering a major gas producing block in their joint development area. As Asian…
Chevron targets Argentina and Mediterranean for global LNG expansion, deal with India

Freeman Shaheen, the President of Global Gas at Chevron, said that the company is looking to expand the global gas portfolio to include Argentina and the Mediterranean in order to meet the growing demand from buyers who are concerned about the security of energy due to the Middle East crisis.
China Gas signss 20-year LNG deal with US-based Venture Global

China Gas Holdings and Venture Global announced a 20-year agreement for China Gas Holdings to purchase 0.5 million metric tons of U.S. LNG from Venture Global. The contract will begin in 2030. The agreement comes before Chinese President Xi Jinping is expected to visit Washington in the next few weeks. China stopped importing U.S.

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Shale Oil & Gas

Japan signs first LNG supply agreement with Malaysian Petronas

The Japan industry ministry announced on Friday that the country had signed a deal with Malaysia's Petronas to procure liquefied gas for an emergency. The master sales and purchasing agreement will allow Petronas LNG to be delivered to the Japan Organization for Metals and Energy Security. This organization would then supply private buyers such as utilities if they could not obtain it anywhere else.

LNG

Argent LNG, Albania to Evaluate Development of Import Terminal

U.S. LNG developer Argent LNG said on Wednesday it had signed a non-binding memorandum of understanding with Albania's government to evaluate development of an onshore LNG storage and regasification terminal with capacity of up to 5 million tonnes a year.Here are more details:Terminal could connect with the Trans Adriatic Pipeline, proposed Ionian Adriatic Pipeline and Fier-Vlore gas corridor.Argent LNG said financing could involve the U.S. Trade and Development Agency, U.S.

Renewables

Palm eases due to rising stocks; expected weekly loss

On Friday, Malaysian palm oil futures declined, wiping out earlier gains and adding to the weekly loss. This was due to rising stocks, but concerns about future supply constraints helped cushion the decline. By midday, the benchmark contract for?palm?oil delivery in November on the Bursa Derivatives exchange was down 11 Ringgit or 0.23% at 4,874 Ringgit ($1,197.54) per metric ton. This week, the contract is down 1.12% after a 0.72% increase last week.

Victoria Launches First Australian Offshore Wind Auction

Petronas and PTT units receive approval for a new gas contract in Malaysian-Thai joint area

Petronas and Thailand's PTT receive approvals for a new gas block-sharing contract

Chevron targets Argentina and Mediterranean for global LNG expansion, deal with India

China Gas signss 20-year LNG deal with US-based Venture Global

Minister says high LNG prices are hurting Bangladesh's industrial development.

Guinea talks alumina and energy investments with Glencore following bauxite deals, says minister

Saudi stocks continue to fall after energy attacks shock sentiment

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Germany and UAE strengthen energy cooperation through agreements with RWE and SEFE

The Middle East escalated prices of GLOBAL LNG/-Asia, which led to the highest spot price since Dec-2022.

Bloomberg News reports that the US EPA is poised to repeal its carbon standards for coal and gas power plants.

Andy Home: How yttrium, a rare and obscure element, became a global hot topic.

Baker Hughes reports that US energy companies have added rigs to their fleet for the first time in 4 weeks.

Gambia bans unauthorised protests after unrest caused by power cuts

RWE Germany and UAE sign agreement on deeper cooperation in LNG, offshore wind and LNG

Palm prices fall to two-week lows on rising stocks

CFO of Grupa Azoty says that the company is close to a long-term debt restructuring agreement with banks.

The French baseload electricity contract for the front year is at a three-year high

Shale Oil & Gas

Japan signs first LNG supply agreement with Malaysian Petronas

RWE Germany and UAE sign agreement on deeper cooperation in LNG, offshore wind and LNG

Bangladesh will develop two new LNG terminals in Bangladesh by 2030

CFO of Grupa Azoty says that the company is close to a long-term debt restructuring agreement with banks.

LNG

Argent LNG, Albania to Evaluate Development of Import Terminal

Northern Territory Shale Developers Look Towards LNG Production

San Matias Pipeline Cansortium Closes $900m Loan for Pipeline

Bangladesh Seeks US LNG Amidst Global Supply Disruptions

Renewables

Palm eases due to rising stocks; expected weekly loss

Gambia bans unauthorised protests after unrest caused by power cuts

Palm prices fall to two-week lows on rising stocks

The French baseload electricity contract for the front year is at a three-year high

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