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Disruption around the Strait of Hormuz, affecting about a fifth of global LNG exports, has pushed Asian spot prices about 70% above pre-war levels. Japan, the world's second-largest LNG buyer, cut gas-fired generation by 16% in June, turning instead to coal, while its March-to-June LNG imports fell about 7% year on year. In Colombia, Canacol Energy's move to seek creditor protection has led to a 55% cut in gas supply to CoreX Holding's Cerro Matoso ferronickel mine, threatening to halve output and put jobs, contracts and royalty payments at risk.
Woodside advances Browse gas project to feed North West ShelfWoodside Energy, operating the Browse Joint Venture with BP, Mimi Browse and PetroChina, is progressing pre-FEED engineering and tender processes for floating production facilities to develop the Calliance, Brecknock and Torosa gasfields, holding an estimated 14.4-trillion cubic feet of gas. The A$48.7-billion project would pipe gas about 900 km to the Karratha gas plant, targeting 11.4-million tonnes a year of LNG, LPG and domestic gas, with Deloitte estimating a long-term A$141-billion GDP uplift.
Australia's commodity-led trade surplus fadesAustralia posted a surprise A$3-billion trade deficit in May, its widest gap since 2015, as gold and natural gas export values declined while fuel and data-centre equipment imports surged. Economists warn falling commodity prices could tip the full financial year into deficit for the first time since 2016.
Natural Gas Updates
Australia's east coast gas market is expected to have sufficient supply in the fourth quarter of 2026, though further investment will be needed to meet longer-term demand, the country's competition...
Global liquefied natural gas (LNG) trade hit a record last year as strong US exports and rising European imports offset weaker Asian purchases, the International Gas Union (IGU) said in a report on...
The boost to Australia’s trade from the mining boom looks to be fading as imports soar and export growth flatlines, potentially putting it on track for the first annual deficit since 2016. The...
Japan sharply reduced natural gas-fired power generation last month, instead relying more on coal, as disruptions around the Strait of Hormuz tightened supplies of the cleaner-burning fuel. The...
The Browse Joint Venture plans to develop the Calliance, Brecknock and Torosa conventional natural gasfields in the offshore Browse basin, which collectively have an estimated contingent resource...
As Africa races to provide reliable, affordable and sustainable electricity to more than 600 million people without access to power, energy experts increasingly agree that the continent's future...
Australia fell into a surprise trade deficit in May as exports dropped the most all year, with imports extending a streak of gains caused in part by high fuel prices and data center demand....
Colombia's Cerro Matoso ferronickel mine said on Wednesday it was cutting operations by 25% after Canada's Canacol Energy reduced natural gas supply to the plant, threatening jobs, supplier...
By: Ahmed Mohamed Ahmed Hegazy - Business Development Leader, Energy and Chemicals, Schneider Electric East Africa Tanzania’s energy and chemicals segment is projected to show tremendous growth in...
Zululand Energy Terminal and ExxonMobil South Africa LNG, an affiliate of ExxonMobil, signed a heads of agreement to advance the project on June 17, 2026.
CNG Holdings participated in a coordinated emergency preparedness exercise on 24 June 2026, led by Sasol Pipeline Operations and conducted in partnership with the City of Johannesburg Emergency...
Malaysia's State-controlled energy producer Petronas has made another gas discovery at offshore Block 52 in Suriname, the South American country's President Jennifer Simons said on Tuesday, while a...
Woodside Energy agreed to supply domestic gas to aluminium producer Alcoa Corporation's Australian unit from 2027 to 2030, the Australian energy major said on Tuesday. Under the deal, Woodside...
Global electricity demand is set to outpace economic growth as part of a broader trend up to 2030, with electricity consumption projected to grow at least two-and-a-half times as fast as overall...
Global electricity demand is set to outpace economic growth as part of a broader trend up to 2030, with electricity consumption projected to grow at least two-and-a-half times as fast as overall...
PC Ketapang II Ltd, a unit of the Searah joint venture between Italy's Eni and Malaysia's Petronas, has begun the physical construction work on its Bukit Panjang gas field in Indonesia, the company...
The limits of storage-only thinking in balancing Africa’s renewable grids: Why a hybrid approach to flexibility will deliver better outcomes than batteries alone Africa’s energy transition is...
Countries are increasingly prioritising domestic energy resources as they seek to reduce their reliance on imported fuels in response to what the International Energy Agency (IEA) is describing as...
India is considering Canada as a potential crude oil supplier, High Commissioner Dinesh Patnaik said on Wednesday at the Global Energy Show in Calgary, Alberta, adding that the country's newer...
Italy’s main operator for transport, storage and regasification of natural gas, Snam, is using industrial software company AVEVA’s supervisory control and data acquisition (Scada) technology system...
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