China and India’s liquefied natural gas (LNG) imports are expected to recover from multi-year lows once the Middle East supply crunch ends and prices decline, Reuters reported, citing industry executives.
XRG, the international energy investment platform wholly owned by Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of a 12.5% stake in Azerbaijan’s Southern Gas Corridor CJSC (SGC) from the country’s Ministry of Economy after securing the required regulatory approvals.
The transaction strengthens XRG’s position across the Caspian gas value chain by combining its upstream interests in Azerbaijan and Turkmenistan with strategic gas-export infrastructure connecting Caspian resources to Türkiye and European markets.
Venture Global will supply China Gas with 0.5 MTPA of US LNG under a 20-year agreement starting in 2030.
Saudi Aramco is considering selling specialty chemicals company Arlanxeo as the Saudi energy company seeks to raise funds through an asset divestment plan worth as much as $35 billion, according to Bloomberg.
Trump said the United States could remain in Iran and retain access to its oil, while reiterating that he expects the war to end by the end of 2026.
Saudi Arabia could face an oil export shortfall within days if its East-West pipeline remains shut following drone attacks, putting up to 4% of global supply at risk.
The United States (US) could account for around 30% of the global liquefied natural gas (LNG) market by 2030, as expanding natural gas production supports higher exports, according to Peter Clarke, Senior Vice President of LNG at ExxonMobil Upstream.
Speaking at an energy forum in Bangkok on September 14, Clarke said the US has emerged as a major LNG supplier, supported by North America's position as one of the world's largest natural gas-producing regions.
Iraq’s Ministry of Oil has signed an agreement with Chevron to provide technical consultancy to the Basra Oil Company during negotiations over the development of the West Qurna-2 oilfield.
Iran plans to present Gulf nations with an agreement reached with Oman on a temporary shipping lane through the Strait of Hormuz on Monday, as Tehran and regional states seek to ease shipping disruptions, Bloomberg reports.
Abu Dhabi National Oil Company (ADNOC), and its international energy investment company XRG, along with UAE’s Masdar have signed a series of agreements with German companies that could enable more than €5 billion in investment across Germany’s energy and industrial sectors, strengthening cooperation in liquefied natural gas (LNG), natural gas, offshore wind, low-carbon ammonia, advanced materials, and artificial intelligence (AI).
