Australia's Santos signs LNG deal with QatarEnergy unit
Santos, an Australian oil and natural gas producer, announced on Friday that it had signed a long-term contract for the supply of liquefied gas with QatarEnergy Trading. This is a unit owned by QatarEnergy which is the largest LNG exporter in the world. Santos has agreed to supply 0.5million tonnes of LNG annually over a two-year period starting in 2026. In a statement…
Clean-energy supporters blast US budget as a setback
Clean energy advocates decried Thursday the House of Representatives' final passage of the President Donald Trump tax cut bill as a reverse in the energy transition. Meanwhile, fossil fuel interests celebrated. The bill now goes to Trump's desk. Trump is expected sign the bill on Friday. The law drastically reduces the 30% tax credit that developers were relying on for their solar and wind projects. This credit was set to last until 2032.
Trump's budget bill increases fossil fuels and hits renewable energy
The U.S. Senate approved a budget bill on Tuesday, and now the House of Representatives will debate it for final approval. This would slow down the development of solar and wind power, eliminate climate funding, and increase oil, gas, and coal production. The law drastically reduces the access to 30% tax credits for solar and wind energy projects, which were set to last until 2032 and on which developers relied for future projects.
Senate bill still deals a big blow to renewables despite last-minute amendments
Industry advocates and legislators said that the massive U.S. Senate budget bill passed on Tuesday would make it more difficult to develop solar and wind energy projects despite the removal some controversial provisions. After last-minute talks with Republican senators who wanted better terms for renewable energy, the Senate dropped its proposed excise taxes on solar and wind projects that didn't meet strict criteria.
PTT Thailand to purchase 2 MTPA LNG from Glenfarne Alaska LNG for 20 years
Glenfarne announced late Monday that the Thai state-owned PTT Group, which is an oil and gas company, had signed an agreement with Glenfarne to purchase 2 million metric tonnes of liquefied gas annually from its Alaska LNG project for a period of 20 years. PTT stated that it would continue to study the Alaska LNG Project in order to expand its LNG businesses and improve Thai energy security.
Tokyo Gas does not expect any direct impact from the conflict between Israel and Iran on LNG purchases by Tokyo Gas
Tokyo Gas, Japan's largest city gas supplier, said that the conflict between Israel and Iran has no impact on its LNG procurement. Nobuhiro Sugawara, Senior Managing Executive Officer, said on the sidelines the Japan Energy Summit that "since we do not import LNG from Qatar and UAE, our LNG acquisition is not directly affected" at this time. He said that the situation was being monitored with great interest…
Trump Administration moves to expand oil leasing in Alaska reserve
The Trump administration proposed opening 82% of Alaska's 23-million-acre (9.3-million-hectare) National Petroleum Reserve for oil and gas leasing, a move that would reverse Biden-era efforts to limit drilling in the area, the Interior Department said on Tuesday. The move is in line with President Donald Trump’s energy dominance plan, which aims to increase domestic oil and natural gas production to stimulate economic growth and create jobs.
JERA Chief says company must sign new LNG contracts because old ones have expired
As older contracts expire, the head of JERA (Japan's largest power generator) said that JERA needs to sign new deals to purchase liquefied gas in order to meet Japanese demand for power. "Power demand is not decreasing in Japan now... but our contracts are going to expire one by one." We need to close the gap simply by signing new contracts," Yukio KANI, global CEO and chairman of JERA said at the Energy Asia Conference.
ADNOC consortium targets Australia's Santos
Abu Dhabi National Oil Company's (ADNOC) is looking to expand its global gas business and has proposed a $18,7 billion takeover bid of Australia's Santos, the second largest independent gas producer. Santos has supported the plan. Here are some key details about Santos, including its production and reserves (measured in millions of barrels of oil-equivalent (mmboe)), its domestic and foreign oil and gas assets and its long-term LNG deals.
Senior Taiwan official visits new Alaska LNG site
A senior Taiwanese government official revealed on Saturday that he visited this week the site of an enormous new LNG project in Alaska, which the Trump administration is pushing to its Asian allies as a possible supply option. Energy developer Glenfarne said that on Tuesday, 50 companies had expressed formal interest in contracts valued at more than $115 Billion from its Alaska LNG Project.
Glenfarne’s Alaska LNG project receives interest of $115 billion from more than 50 firms
Energy developer Glenfarne announced on Tuesday that Glenfarne Alaska LNG has completed its first round of strategic partner selection with more than 50 companies who have expressed formal interest in over $115 billion contract value of the Alaska LNG project. According to the Alaska LNG project document, if built, it will export up 20 million metric tonnes per annum supercooled gas. This would allow U.S.
Japan's Gas Industry Allows Gas with Carbon Capture in 2050 Net Zero Plan
The Japan Gas Association announced on Tuesday that it will take a more flexible stance in its efforts to become carbon neutral in 2050. This includes allowing a greater use of gas, in conjunction with carbon capture and other decarbonisation methods. The industry group stated that it aimed to supply 50-90% by 2050 of its gas from biogas or e-methane, with 10-50% coming from natural gas and carbon capture.
Japan will send a senior official for the Alaska energy conference
Yoji Muto, Japan's Economy, Trade and Industry minister, said on Friday a senior official would attend a conference in Alaska next week, at which the $44 billion Alaska LNG Project is expected to come up for discussion. Muto announced that Takehiko Matsuo will be the Vice-Minister of International Affairs for the Ministry. The conference is scheduled to take place from June 3 to 5, Muto stated.
US invites Asian officials in Alaska to explore $44 billion LNG project
Two people with knowledge of the plans said that the U.S. invited officials from Japan and South Korea to Alaska to discuss a gas pipeline project. Asian governments are considering U.S. investment in hopes of relief from the tariffs imposed by President Donald Trump. The sources, who requested anonymity because the details were not made public, said that Trump's Energy Czar, Interior Sec. Doug Burgum and Energy Sec.
Eneos Japan to increase investment in LNG and SAF, but slow down hydrogen
Eneos Holdings' CEO announced on Monday that the company plans to invest more in low-carbon fuels such as liquefied gas and sustainable aviation gasoline, but will slow down efforts for cleaner alternatives, like hydrogen. Eneos has announced a new business plan that will run through March 2028. The plan includes a 1.56 trillion-yen investment, including 740-billion-yen of strategic expenditures aimed at low-carbon…
House committee makes changes to increase US oil and coal production on federal land
This week, a House of Representatives committee will examine sweeping changes in the nation's drilling programs for oil and gas, including the requirement of dozens of leases sales in the Gulf of Mexico, Alaska and other areas. These changes could be included in upcoming budget bills. The proposal is intended to support President Donald Trump's desire to increase U.S.
JERA, Japan's LNG supplier, may look at Alaska, says exec
JERA, Japan’s largest power generator, could consider Alaska as a possible source of liquefied gas (LNG), according to an executive on Monday. Japanese officials will be heading to the United States for another round in tariff negotiations this week. Alaska LNG, which is a $44 billion project that includes a pipeline, an LNG plant and other components, has been at the forefront of President Donald Trump’s agenda when dealing with Asian partners.
Asian countries are looking to purchase more US energy in order to balance trade imbalance
As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties. Many Asian countries have large trade surpluses and also are major energy importers. Trump's tariffs have caused economic and market turmoil. Here are some measures Asian countries will take to increase their purchases of U.S. gas and oil.
Asian countries are looking to purchase more US energy in order to balance trade imbalance
As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties. Many Asian countries have large trade surpluses and also are major energy importers. Trump's tariffs have shook markets and economies. Here are some measures Asian countries will take to increase their purchases of U.S. gas and oil.
REFILE-ConocoPhillips plans layoffs as part of broad restructuring
ConocoPhillips plans to reduce staff. The company announced this on Tuesday. This is part of a broader effort to control costs and streamline operations following its $23 billion purchase of Marathon Oil. Job cuts are a sign of the pain that the oil and gas sector is experiencing as it faces higher costs and lower revenue due to prices hovering around $63 per barrel. Many companies claim they can't drill profitably at oil prices below $65 per barrel.
