Asia

• Pakistan: Petroleum Minister Musadik Malik stated that liquefied natural gas (LNG) is no longer a key energy source for Pakistan’s needs, marking a significant shift from previous reliance due to reduced demand and alternative options. Deliveries have declined sharply, with the country prioritizing domestic resources and renewables. Source: https://www.energyconnects.com/news/gas-lng/2025/october/lng-is-no-longer-a-key-energy-source-for-pakistan-says-minister/
• Pakistan: Pakistani Refineries Set to Export 130,000 Tonnes of Furnace Oil in October.
• Pakistan: Pakistan, Saudi Arabia to unveil new economic initiatives during Sharif’s Riyadh visit, says federal minister.
• Pakistan: Shipping Activity at Port Qasim. Read more
• India: India is planning to increase LNG imports as global spot prices hit a 16-month low, providing an opportunity to stockpile amid falling demand in other regions. This could boost imports by 10-15% in the coming months, focusing on spot market deals from suppliers like Qatar and Australia. Source: https://www.angelone.in/news/economy/india-eyes-higher-lng-imports-as-prices-hit-16-month-low
• India: India is negotiating its first long-term LPG supplies from the US as trade war disruptions alter energy flows.
• Indonesia: A fire erupted at the Dumai refinery in Riau Province, owned by state oil company Pertamina, Indonesia’s third-largest facility. Safety standards at community oil wells are under scrutiny following recent incidents. Source: https://www.channelnewsasia.com/watch/questions-over-safety-standards-indonesias-community-oil-wells-5382151
• Malaysia: Petronas set the September Malaysian crude oil price at $73.67 per barrel.
• Regional: Asian spot LNG prices fell to their lowest in over a year due to weak demand from major importers like Japan and South Korea, coupled with ample global supply from new US and Qatari projects. Prices dropped to around $10.50/MMBtu, down 5% week-on-week, with inventories high ahead of winter. Source: https://www.tradingview.com/news/reuters.com%2C2025:newsml_L2N3VK09X:0-asian-spot-prices-fall-on-weak-demand-ample-supply/
• Regional: Asia is stepping up imports of US WTI crude in Q4 as Middle East prices rise, with traders citing stronger demand. Source: https://energynow.com/2025/07/asia-steps-up-us-wti-oil-imports-as-middle-east-prices-rise-sources-say/

Africa

• Mozambique: Eni and partners took final investment decision (FID) on the $7.2 billion Coral Norte floating LNG (FLNG) project offshore northern Mozambique, mirroring the Coral Sul design. The facility will produce 3.6 million tons per annum (MTPA), doubling Mozambique’s LNG output to over 7 MTPA by 2028, with first production expected in 2029. All output is already sold under long-term contracts to buyers in Asia and Europe. Source: https://subscriber.politicopro.com/article/eenews/2025/10/03/eni-agrees-to-build-7-2b-lng-project-in-mozambique-00591746
• Mozambique: President Daniel Chapo announced that security conditions are now met for TotalEnergies to lift force majeure and resume construction on its $20 billion Mozambique LNG project in Cabo Delgado, halted since 2021 due to insurgent attacks. The project aims for 13 MTPA in Phase 1, with full operations targeted for 2029, potentially making Mozambique Africa’s third-largest LNG exporter. Source: https://www.reuters.com/business/energy/mozambique-says-conditions-met-totalenergies-resume-work-lng-project-2025-10-02/
• Ethiopia: China’s GCL Group launched the first phase of its Ogaden LNG project in the Somali region, involving gas field development and a planned 5 MTPA liquefaction plant. Phase 1 focuses on upstream exploration and infrastructure, with exports targeted for Asia; full operations expected by 2028, marking Ethiopia’s entry into LNG production. Source: https://lngprime.com/africa/chinas-gcl-launches-first-phase-of-ogaden-lng-project-in-ethiopia/165116/
• South Africa: ExxonMobil is eyeing South Africa as a prime LNG import destination, discussing supplies amid discoveries in Namibia and Mozambique. Talks include potential floating storage and regasification units (FSRUs) at ports like Richards Bay, with first imports possible by 2027 to address power shortages. Source: https://cyprusshippingnews.com/2025/10/03/exxon-mobil-eyes-south-africa-as-a-top-lng-destination/
• Namibia: Rhino Resources announced a high liquid-yield gas condensate discovery at the Volans-1X well in the Orange Basin’s PEL 85, the third consecutive hydrocarbon find, boosting Namibia’s oil production hopes. Source: https://www.energyintel.com/00000199-a06c-d267-a5fb-e4ed7ab10000
• Nigeria: Daily oil output plunged 16% (283,000 bpd) during a brief Dangote refinery workers’ strike, also cutting 1.7 billion scf/d of gas; the union called off the strike after talks with management. Source: https://www.reuters.com/sustainability/sustainable-finance-reporting/nigerias-daily-oil-output-plunged-16-during-brief-dangote-refinery-strike-2025-10-02/
• Ivory Coast: Eni completed sale of major stake in Ivory Coast field to Vitol; TotalEnergies’ $860M deal in the region. Source: https://www.upstreamonline.com/tag/africa
• Senegal: Senegal to Start Construction of New Refinery in 2026. Details: The country prepares for a second refinery, aiming for $2–$5 billion in investment, with backing from China, Turkey, and South Korea.
• Angola: Angola targets 60 oil and gas concessions by end-2025 through licensing drive.

North America

• United States: US weekly LNG exports rose to 32 cargoes, totaling about 1.6 million tons, up from 28 the prior week, driven by higher loadings at Sabine Pass and Freeport terminals. Destinations included Europe (45%) and Asia (30%), with exports hitting a record for the second straight month amid global supply glut concerns. Source: https://lngprime.com/americas/us-weekly-lng-exports-climb-to-32-cargoes/165089/
• United States: A large fire erupted in a jet fuel unit at Chevron’s El Segundo refinery near Los Angeles, disrupting California’s supply. Source: https://www.reuters.com/world/us/fire-breaks-out-chevrons-refinery-el-segundo-la-times-says-2025-10-03/
• United States: US crude inventories rose 1.8M barrels amid government shutdown. Source: https://www.wsj.com/business/energy-oil?gaa_at=eafs&gaa_n=ASWzDAjh60LK9QhsgfFBquXqtM-w4LgVffnuv1Rhu5WJjRuVlWqLRyZsvtO_&gaa_ts=68dfcdd1&gaa_sig=int7uGO6SMJNK7gHMd7cv06PNMRNBfJGY9U7qMhL0thpydP1j3pLI6cOG5DJ9-eiYsdoacymdrnp1C39ugxKOg%253D%253D
• Canada: Shell-led LNG Canada began startup processes for its second 6.5 MTPA Train 2 in Kitimat, British Columbia, despite ongoing technical issues with Train 1 that reduced September exports by 20%. The expansion will double capacity to 13 MTPA by early 2026, with most output headed to Asia under long-term deals. Source: https://www.reuters.com/business/energy/shell-led-lng-canada-prepares-start-train-2-2025-10-02/
• Canada: Federal documents reveal interest from officials in a proposed Quebec LNG export project near Baie-Comeau, involving a new pipeline and 10 MTPA facility. Discussions focused on environmental reviews and economic viability, though no formal approval yet; project aims for exports to Europe starting 2030. Source: https://canada.constructconnect.com/dcn/news/resource/2025/10/federal-officials-were-interested-in-proposed-quebec-lng-project-documents-show
• Canada: Targa advances Permian gas pipeline and processing expansion. Source: https://www.ogj.com/refining-processing/gas-processing/news/55320579/targa-advances-permian-gas-pipeline-processing-expansion
• Mexico: Lower fuel prices in 2024 led to the lowest US-Mexico energy trade value in years, with US crude imports from Mexico down 40%. Source: https://www.eia.gov/todayinenergy/detail.php?id=66244

South America

• Brazil: Petrobras taps Elea for $500M renewable-powered data center; Exxon Guyana awards subsea work to TechnipFMC for Hammerhead; Brazil set new production record at 3.9M bpd in August, up 16.6% YoY. Source: https://worldoil.com/topics/south-america
• Guyana: Saipem builds complex subsea structure for ExxonMobil’s Uaru field, Guyana’s first such project; MODEC ramps up Hammerhead FPSO work. Source: https://www.oedigital.com/news/530603-guyana-s-first-saipem-builds-complex-subsea-structure-for-exxonmobil-s-uaru-field
• Argentina: GeoPark enters Vaca Muerta shale as operator; DOF Subsea wins $390M contracts with Petrobras. Source: https://www.upstreamonline.com/tag/South_America
• Regional: LNG imports dipped to 0.81 million tons in September from 1.48 million in August, as winter ended and demand softened in Brazil and Argentina. US LNG captured 78% market share, up from 60%, with cargoes from Trinidad declining; total 2025 imports down 15% year-on-year due to higher hydropower availability. Source: https://naturalgasintel.com/news/us-lng-gains-share-as-latin-america-natural-gas-imports-dip-latam-recap/

Europe

• Belgium: Greenpeace activists blocked at least three LNG carriers from Fluxys’ Zeebrugge terminal for 30 hours to protest Russian gas imports, leading to diversions and idling. Police broke up the protest; the action highlighted Europe’s continued reliance on Russian LNG despite sanctions, with imports up 5% in H1 2025. Source: https://www.upstreamonline.com/lng/greenpeace-protest-broken-up-after-blocking-lng-carriers/2-1-1880751
• Norway: Equinor identified operational faults causing a worker fall accident at Hammerfest LNG plant, attributing it to poor coordination with contractor Aibel. The incident halted operations briefly; fixes include enhanced safety protocols, with full production resuming at 5 MTPA capacity. Source: https://www.upstreamonline.com/safety/equinor-identifies-faults-that-led-to-accident-at-hammerfest-lng/2-1-1880762
• Norway: TotalEnergies sells Norwegian oil assets to cut debt. Source: https://www.reuters.com/business/energy/
• Hungary: Hungary Signs Largest LNG Purchase Deal with Engie.
• Denmark: Denmark reports repeated Russian naval provocations in its straits. Source: https://www.bairdmaritime.com/security/naval/naval-ships/denmark-reports-repeated-russian-naval-provocations-in-its-straits
• France: Suspected shadow fleet tanker sets sail from western France.
• Regional: Europe’s reliance on Russian oil and gas dropped sharply; from 27% oil in 2021 to 3% in 2024. Source: https://www.aljazeera.com/news/2025/10/3/how-much-of-europes-oil-and-gas-still-comes-from-russia
• Regional: Europe’s oil and gas imports from Russia fell sharply, with gas at 19% (down from 45% in 2021) and oil at 3% (from 27%), but LNG flows persist via loopholes. Total spent €8.4B on Russian gas in H1 2025; calls for tighter sanctions amid Ukraine conflict. Source: https://www.aljazeera.com/news/2025/10/3/how-much-of-europes-oil-and-gas-still-comes-from-russia

China

• OPEC, China, and geopolitics create triple uncertainty for crude prices. Source: https://www.reuters.com/markets/commodities/opec-china-geopolitics-are-triple-whammy-uncertainty-crude-2025-10-02/
• China’s Russian oil imports dip amid broader shifts. Source: https://www.youtube.com/watch?v=ngaeFPtbmzU
• Slowing oil demand growth likely to persist, impacting global markets; China stores energy amid uncertainties. Source: https://www.energypolicy.columbia.edu/chinas-slowing-oil-demand-growth-is-likely-to-persist-and-could-impact-markets/
• Russia plans to boost sanctioned LNG exports to China from Arctic LNG 2 and Sakhalin 2 projects, with “serious progress” on joint ventures. Shipments rose 15% in 2025 despite US sanctions; new cargoes expected via dark fleet tankers, aiming for 10 MTPA by 2027. Source: https://www.naturalgasintel.com/news/russia-plans-more-sanctioned-cargoes-to-china-three-things-to-know-about-the-lng-market/

Russia

• Fuel crisis spirals with 40% refining capacity offline due to Ukrainian drone attacks. Source: https://www.youtube.com/watch?v=u9P1xN5f6sI
• Gasoline shortages hit Crimea, Sevastopol; imports from Belarus needed. Source: https://www.bbc.com/news/articles/czx020k4056o
• Western port oil exports up 25% after drone attacks. Source: https://www.reuters.com/business/energy/russias-western-port-oil-exports-up-25-after-drone-attacks-2025-10-01/
• Economy at risk as oil revenues shrink, prompting tax hikes for defense. Source: https://www.aljazeera.com/video/counting-the-cost/2025/10/2/is-russia-economy-at-risk-as-oil-revenues-shrink
• Russia Launches Biggest Attack on Ukraine’s Natural Gas Facilities. Russia attacked Ukrainian Naftogaz assets with 381 drones and 35 missiles, hitting natural gas extraction and processing plants.
• Energy Minister Nikolai Shulginov announced plans to increase LNG exports to China from Arctic and Sakhalin, bypassing Western sanctions through new shipping routes. Arctic LNG 2 ramped to record output, with 7th cargo delivered to China; total exports targeted at 56 MTPA by 2027 despite 2024 decline. Source: https://www.reuters.com/business/energy/russia-increase-lng-exports-china-arctic-sakhalin-energy-minister-says-2025-10-01/

Middle East

• Iraq: Iraq plans a floating LNG import terminal at Basra to address power shortages, with bids open for a 3 MTPA FSRU; first imports targeted for mid-2026 from Qatar or UAE. Part of broader diversification amid flaring reduction goals. Source: https://www.naturalgasintel.com/news/russia-plans-more-sanctioned-cargoes-to-china-three-things-to-know-about-the-lng-market/
• Iraq: Excelerate Energy Wins Gas Project Contract. Source: https://www.meed.com/excelerate-energy-wins-iraq-gas-project-contract
• Iraq: BP signs contract to develop Kirkuk oilfields and gas facilities; Excelerate Energy secures contract for floating LNG import terminal. Source: https://www.iraq-businessnews.com/2025/10/02/bp-signs-contract-to-develop-kirkuk-oilfields-and-gas-facilities/
• Iraq: Oil flows from Iraqi Kurdistan to Turkey halted due to full storage tanks.
• Kuwait: Kuwait Approves Major Petrochemicals Project. Source: https://www.meed.com/kuwait-approves-major-petrochemicals-project
• Saudi Arabia: Aramco, Honeywell, and KAUST partner to advance crude-to-chemicals technology. Source: https://maaal.com/en/news/short/V9ZXx/
• Saudi Arabia: Aramco cuts LPG prices. Source: https://www.hydrocarbonengineering.com/petrochemicals/02102025/aramco-honeywell-and-kaust-sign-agreement-to-advance-the-capabilities-of-crude-to-chemicals/
• Saudi Arabia: Chinese banks funded a significant portion of Aramco’s Jafurah shale gas project, marking an important international investment.
• UAE: UAE oil products developments amid regional shifts. Source: daily energy report
• UAE: ADNOC Sour Gas Evaluates Bids for Shah Gas Plant Expansion. Source: https://www.meed.com/adnoc-sour-gas-evaluates-bids-for-shah-gas-plant-expansion

Australia

• EnerMech won a major subsea pre-commissioning contract for an undisclosed offshore gas development, supporting Phase 2 of an FLNG facility from October 2025 to 2027. Scope includes pipeline flooding, testing, and gauging for 200 km of subsea lines. Source: https://ocean-energyresources.com/2025/10/03/subsea-pre-commissioning-contract-in-australia-comes-to-enermech/
• Oil and gas firms set to boost tax revenue with $21.9B. Source: https://www.offshore-energy.biz/australias-energy-backbone-oil-gas-firms-set-to-boost-tax-revenue-with-21-9-billion/
• Gas market remains strained despite government measures, with long-term shortages warned. Source: https://oilprice.com/Latest-Energy-News/World-News/Australias-Gas-Market-Still-Strained-Despite-Government-Measures.html