The US LNG permit pause continued to hit headlines this week as prominent UK and European politicians urged President Biden to revisit the decision due to its “significant negative impacts on European energy security”.
A timeline for the pause to government’s review on LNG was also reported, and is likely to be completed in Q1 2025, according to US energy department official, Brad Crabtree.
The industry turned its gaze to the Strait of Hormuz following Iran's attack on Israel. While experts do not expect the key waterway to be closed, it could cause significant setbacks for LNG shipments.
On the deals front, Abu Dhabi National Energy Company (TAQA) on Wednesday confirmed it was considering a takeover of Naturgy, Spain’s largest gas company. The deal would provide TAQA an entry into the European market.
Here's your weekly catch up service on significant industry developments this week:
Strait of Hormuz in focus after Iran's attack on Israel
Colombia sees record LNG shipments as battle over drought-hit hydropower continues
Japanese firms boost investments in city gas expansion in India
EQT and Equinor agree asset swap for onshore US gas assets
IEA boss urges swifter industrial reforms to help Europe compete with US, China
EXPLAINER: Why are US politicians writing to the DOE about Delfin LNG?
Oman LNG and JERA sign 10-year SPA for 0.8 mtpa of LNG
Supply chain strains in renewables pose threat to UK targets: Here's what you need to know
EU, UK politicians urge Biden to reconsider LNG pause
Oman LNG seals 1.6 mtpa SPA with Shell for 10 years
TAQA confirms interest in buying Spanish gas firm Naturgy
NSTA hits NEO Energy with $125k fine over venting breach
BP to 'simplify' business structure to speed up decision making
Gas is here to stay: EU gas industry looks to the future amid green transition
Flexible LNG contracts increasingly important as EU re-exports surplus volumes: ACER
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