LNG Archives - Page 2 of 12

Mozambique contests TotalEnergies’ $2 billion cost from LNG project delay

May 27, 2026

(Oil Price) – The government of Mozambique disagrees with TotalEnergies’ estimate that the years-long delay in the Mozambique LNG project has cost it and its partners $2 billion in overruns, a source familiar with the matter told Bloomberg on Wednesday. TotalEnergies and its partners in the $20-billion Mozambique LNG project had to suspend work and declare force majeure for several years

Vaca Muerta and Argentina’s energy reset

May 21, 2026

(By Oil & Gas 360) – For years, Vaca Muerta was viewed as one of the world’s great untapped shale opportunities, massive resources, strong geology, and comparisons to the Permian Basin, but limited by political instability, capital controls, and inconsistent energy policy. Now, the basin is entering a different phase. Located in Argentina’s Neuquén Basin, Vaca Muerta holds the world’s

Woodside CEO: Markets are badly underestimating the LNG supply shock

May 20, 2026

(Oil Price) – The global gas markets are seriously underestimating how the shock loss of LNG supply from the Middle East will affect the world and economies in the coming months and years, the head of Australia’s top LNG exporter, Woodside, said on Wednesday. “I don’t think markets and consumers and society are yet fully appreciating it, and there’s a

bp adds three Indonesia exploration blocks tied to Tangguh LNG

May 20, 2026

(World Oil) — bp has signed three production sharing contracts (PSCs) in Indonesia, expanding its upstream exploration portfolio near the company’s existing Tangguh LNG operations in Papua Barat and adding participation in a new East Java block. The agreements cover the Bintuni and Drawa exploration blocks near the bp-operated Tangguh LNG project, as well as the INPEX-operated Barong block in East

Energy Market Assessment: Freedom of When/What/How to work has us heading to more prosperity

May 18, 2026

(Oil & Gas 360) – Freedom Of When/What/How To Work Has Us Heading To More Prosperity, With Profitable, Yet Affordable, Oil & Nat. Gas Prices Driving & Providing. Decision makers able to Do have today’s current month, closing crude oil futures price down at $101.02, down $11.93 from its April 7, $112.95 high. The Strait of Hormuz closing, with Operation Epic

360 Energy Pulse: What mattered this week in energy

May 15, 2026

(By Oil & Gas 360) – Energy markets are beginning to shift from crisis response to structural repricing. This week, tightening supply, weakening confidence in key shipping routes, and renewed coal demand all pointed to the same conclusion: the global energy system is becoming more constrained, more expensive, and more strategically fragmented. THIS WEEK’S 5 HEADLINES THAT MATTERED 1. OPEC

Argent LNG gains unanimous Louisiana legislative support

May 14, 2026

(World Oil) – Louisiana lawmakers have unanimously endorsed the proposed Argent LNG export facility at Port Fourchon, advancing political support for the 25-MMtpa LNG project as it continues through the federal permitting process. The Louisiana Legislature approved Senate Concurrent Resolution No. 6 with unanimous votes in both chambers, formally expressing support for development, construction and long-term operation of the proposed LNG export terminal.

OAG360 Past Prologue Series: Oil is managed by policy, gas is managed by physics

May 12, 2026

(Oil & Gas 360) By Greg Barnett, MBA – (Part 4 of 6) – One of the persistent analytical errors in energy markets is treating oil and natural gas as variations of the same problem. They are not. They behave differently, clear differently, and respond to pressure in fundamentally different ways. Understanding that distinction matters more now than at any point

A Trump-Xi deal could revive US energy exports to China

May 12, 2026

(BOE Report) – U.S. President Donald Trump will arrive in Beijing this week for a summit with President Xi Jinping on May 14 to 15, where U.S. officials say a deal for Beijing to buy more U.S. energy could be under consideration. Tariffs imposed during the U.S.-China trade war have halted most Chinese imports of U.S. oil and LNG, which

Deepwater, LNG infrastructure to drive Africa’s next energy expansion cycle

May 12, 2026

(World Oil) – Africa’s next energy growth cycle will be driven less by new discoveries and more by the ability to build infrastructure, expand LNG capacity and monetize existing reserves, according to analysts participating in the State of African Energy 2026 Outlook webinar hosted by the African Energy Chamber (AEC) and S&P Global. Speakers throughout the webinar emphasized that deepwater developments, LNG infrastructure and

IEA: Tight gas markets will last through 2030

May 7, 2026

(Oil Price) – The war in Iran and the subsequent loss of LNG supply from the Middle East are altering the medium-term outlook of global natural gas balances, with tighter markets set to last longer than previously expected, a senior official at the International Energy Agency (IEA) said on Thursday. The Middle East crisis has resulted, so far, in the loss

TTF futures swing from loss to gain after Iran rejects Trump’s Hormuz plan

May 4, 2026

(Oil Price) – European benchmark natural gas prices erased an early 3% loss at Monday opening and were up by 1.3% in morning trade in Amsterdam, as the commodity markets watch with apprehension the latest U.S.-Iran standoff at the Strait of Hormuz. The front-month contract of the Dutch TTF Natural Gas Futures, the European benchmark for gas trading, was up by

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