Venture Global will proceed with the second phase of CP2 Liquefied Natural Gas project
Venture 'Global announced on Friday that it will move forward with the second phase of its CP2 liquefied - natural gas - project in Louisiana. The second largest LNG supplier in the U.S. said that this project was important for global energy security and supply. Since Qatar, which produces 20 percent of the world's LNG, closed down its LNG plant due to the ongoing conflict between Israel/U.S. and Iran, LNG prices have risen.
In mid-2026, Inpex will invite bids for the construction of Indonesia's Abadi Liquefied natural gas project.
Inpex, a Japanese oil and natural gas exploration company, said that it would begin the engineering tender for its Abadi project in Indonesia by the middle of this year. Jakarta has pledged to eliminate 'bureaucratic snags' in order to expedite development on the $21 billion project. Abadi, the liquefied gas project (LNG) in Indonesia's Masela Block has been delayed for years due to the request of the previous administration that the plant be moved onshore.
Shell claims US general exploration licenses in Venezuela will enable it to move forward with Dragon natural gas project
Shell's Dragon gas project will be able to move forward with the general licenses issued by the U.S. for oil and natural gas exploration in Venezuela this month, according to a Shell spokesperson on Thursday. As U.S. policies toward Venezuela have shifted, the project has been plagued by a series of starts and stops. The company spokesperson said that the recent general licences are a "positive signal" and allow for progress to be made on the Dragon project.
Mozambique and TotalEnergies launch $20 billion LNG project
TotalEnergies and Mozambique agreed to restart construction of the French energy giant's $20 billion "liquefied natural gas" project in the country on Thursday, even though they are still negotiating over the additional costs associated with delays. Construction on the project was stopped in 2021 after a series of jihadist attacks in Cabo Delgado in northern Mozambique. TotalEnergies has added equity to its partners' projects after some investors pulled out.
Trinidad's Atlantic LNG Project to Decommission Liquefaction Train
Trinidad and Tobago's flagship liquefied natural gas project, Atlantic LNG, will begin removing one of its liquefaction trains from operations in the last quarter this year, its director for capital projects, Michael Daniel, said on Tuesday.The project's shareholders, including Shell, BP and Trinidad's National Gas Company, agreed to decommission Train 1 due to a shortage of natural gas and because it…
UK withdraws financial support for TotalEnergies Mozambique Liquefied Natural Gas Project
On Monday, the British government announced that it had decided to stop UK Export Finance from supporting TotalEnergies' Mozambique Liquefied Natural Gas Project. In 2020, the UKEF had committed to providing financial support for the $20 billion project. The project was supposed to turn Africa into a major LNG exporter for Europe and Asia. However, it was stopped in 2021 because of an islamist insurgency.
Source: Mozambique's TotalEnergies has requested that Exxon LNG put its decision on hold.
According to a source with knowledge of the situation, Exxon Mobil cannot make a final decision about a $30 billion project for liquefied gas in Mozambique named Rovuma LNG before TotalEnergies resumes its work on an adjacent project. TotalEnergies project affects Exxon because it includes shared facilities. The French company confirmed Saturday that they had lifted the four-year period of force majeure for their $20 billion Mozambique Liquefied Natural Gas project.
Carlos Slim's Grupo Carso reviews feasibility of deepwater field project
A company official revealed Tuesday that Grupo Carso, in collaboration with the state energy company Pemex, is evaluating the feasibility of Lakach's deepwater natural-gas project and conducting new analyses. This will help determine the best way to proceed. The company, which is owned by the government of Mexico and has a long history of abandoning projects, signed an agreement with Pemex last year in order to work together to develop a project on the Gulf of Mexico.
Mozambique to give its position on the revised budget of TotalEnergies Liquefied Natural Gas project later
A government spokesperson stated that the cabinet of Mozambique met on Tuesday but did not express a position regarding the revised budget and schedule for TotalEnergies' mammoth project to produce liquefied gas in the country. The view will be expressed later. French oil major told Mozambique president, on Friday, that the Mozambique LNG Consortium estimated their costs to have risen by $4.5billion in the four-year period the project was on hold due to an islamist militant attack 2021.
TotalEnergies says the Mozambique Liquefied Natural Gas project cost has risen to $4.5 billion
TotalEnergies told Mozambique in a letter that costs for its LNG project had risen $4.5 billion over the past four years. It also wants to extend its production agreement by 10 years. The French oil giant confirmed Saturday that it, along with its partners, had decided to lift the force majeure for this project. It was stopped in 2021 due to an islamist militant attack. Before construction can resume, Mozambique’s Council of Ministers must approve an updated budget.
TotalEnergies, in partnership with partners, lifts force majeure on the $20 billion Mozambique Liquefied Natural Gas project
TotalEnergies, a French oil company, announced that it had lifted the force majeure for its $20 billion Mozambique Gas project with project partners. This comes four years after a militant Islamist attack halted construction. TotalEnergies' press officer confirmed that a letter was sent on Friday to the Mozambican Government. However, the company stated that the project will only be relaunched after the government has approved a revised budget and schedule.
Woodside rallies to cap losses; miners and tech drag Australian shares down
Australian shares dropped for the second session in a row on Thursday. Mining and tech stocks were to blame, but losses were mitigated by Woodside Energy's surge following new investment in Louisiana LNG. S&P/ASX 200 Index fell 0.4% at 8,993.5 by 0002 GMT. The benchmark closed Wednesday 0.7% lower. After three sessions of gains, technology stocks dropped by 1.2%. U.S. stocks closed lower overnight after a wave mixed earnings reports from corporates dampened sentiment.
Oil India expects to restart the Mozambique Liquefied Natural Gas project within a year
India's state-run Oil India Ltd expects a $20-billion, TotalEnergies-operated Mozambique liquefied natural gas project in which it owns a stake to restart development by the end of this year, its chairman Ranjit Rath said on Thursday. TotalEnergies suspended construction and declared force majeure on the project in 2021 after a deadly insurgent attack at the site. Rath, at the annual shareholders meeting…
Canada and BC approve Ksi Lisims Liquefied natural gas project on Pacific Coast
The federal government of Canada and the province British Columbia have approved Ksi LNG, a project to build a liquefied gas export terminal on Canada's northwest Pacific Coast. The Canadian government, under the leadership of Prime Minister Mark Carney, aims to speed up the construction and completion of natural resources projects in order to increase the economy's potential impact from U.S. Tariffs.
Saipem Predicts Mozambique LNG Project Will Restart by End of Summer
Italy's Saipem is confident that a $20-billion liquefied natural gas project in Mozambique for TotalEnergies will restart by the end of the summer, the CEO of the energy contractor said on Thursday.Covered by force majeure since 2021 following insurgent attacks, the Mozambique LNG project includes developing the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and building a two-train…
WGC-TotalEnergies CEO wants to lift the force majeure on Mozambique Liquefied Natural Gas project
TotalEnergies, said Chief Executive Patrick Pouyanne on Tuesday, will ask Mozambique for its approval to lift the force majeure on their $20 billion liquefied gas (LNG), project in Mozambique and resume construction before mid-summer. The project has been covered by force majeure due to insurgent attacks since 2021. It includes the development of the Golfinho, Atum and Offshore Area 1 natural gas fields, as well as the construction of a two train liquefaction facility.
Woodside greenlights $17.5 billion US LNG project, targets 2029 start
Woodside Energy, a company based in Australia, has made the final investment decision for a Liquefied Natural Gas project (LNG) in Louisiana. The total capital expenditures (capex), which is estimated at $17.5 billion, are included. The announcement follows last week's statement by the oil company that it was assessing U.S. trade measures and tariffs on its Louisiana project in order to give it a final approval.
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.
Inpex, a Japanese company, has begun engineering design work for Indonesia's Abadi Liquefied Natural Gas project
Inpex Corp., a Japanese oil and natural gas exploration company, started Wednesday the front-end design process of its Abadi project for liquefied gas in Indonesia as the government pressed the company to speed up development. Shell's withdrawal from the project, the request by the previous administration for the LNG plant to be moved onshore and the change of the development plan that included a component to capture and store carbon were all factors in years-long delays.
South Korea hosts Alaska Governor, energy team amid talks of gas pipeline
Alaskan state officials, including the governor, and energy officials will visit South Korea Tuesday amid expectations that talks with U.S. ally countries in Asia can revive a natural gas project that has been stalled. The main U.S. Business lobby in Seoul announced that the delegation of Governor Mike Dunleavy will include representatives from the Glanfarne Group, which is a partner on the project to transport natural gas from Alaska's remote northern region via a $44-billion pipeline…