Asian Spot LNG Prices Slip for Sixth Straight Week
The average LNG price for July delivery into northeast Asia was down 5.3% compared to the previous week.
PetroBangla to Sign 15-year LNG Deal with Qatar June 1
PetroBangla will sign a 15-year deal with QatarEnergy on June 1 to buy 2 mtpa of LNG beginning in January 2026.
Danny Rice-led Merger Adds SK Group as JV Partner
In addition to the joint venture, SK Group also committed $50 million in PIPE financing for NET Power and RONI's proposed $1.5 billion business combination.
Cheniere Enters Into Long-term PSA with Korea Southern Power
Korea Southern Power will purchase approximately 0.4 mtpa from 2027 through 2046 from Cheniere Energy.
Biden Vetoes Legislation to Block Solar Panel Tariffs Waivers
President Biden said the waivers will support the domestic projects needed to achieve climate change goals.
World Stocks Climb on Hopes of Successful Debt Ceiling Outcome
World stocks rose on on cautious optimism ahead of this week's deliberations over the U.S. $31.4 trillion debt ceiling and Brent crude and U.S. crude futures rose 0.3% to $74.36/bbl and $70.26/bbl, respectively.
Asian Companies Keen on US Gas Supply and LNG
Energy security concern is largely the reason behind Asian producers’ interest in developing energy assets in U.S. shale.
Japan's Eneos Aims to Double Profit in 3 Years with Green Energy Plan
Eneos, which still relies mainly on its oil business, plans to spend 1 trillion yen over three years on its energy segment, including renewables.
Poten Execs Talk Driftwood’s Customer Problem, Permian Gas for Asia
The proposed 27.6 mtpa Driftwood LNG LLC project has one fundamental problem: a lack of customers, according to Poten & Partners senior adviser Gordon Shearer, who also highlighted the potential for Permian gas to reach Asia via Mexico.
Iranian Fuel Being Smuggled to Pakistan, Dealers Say
The Pakistan Petroleum Dealers Association said that in the past, the smuggling of fuel was limited to the Pakistani province of Balochistan, but that it has now spread to the rest of the country.