Asia

• Pakistan: OGDCL to lead a new consortium with Turkish Petroleum and others for Libya’s Bid Round 25, expanding its international E&P portfolio.
• Pakistan: Pakistan plans to access USD, Euro, Islamic Sukuk markets ‘in due course’, says Finance Minister.
• Pakistan: HUBCO Embarks on Bold Diversification Drive with Aluminium Smelter, SPM Project, and BYD EV Venture.
• Pakistan: Pakistan Imports 12.7GW of Solar Modules in Nine Months, Marking a Major Shift Toward Clean Energy.
• Vietnam and Philippines: Global gas turbine shortages are set to increase delays and costs for gas-to-power projects, potentially derailing LNG demand growth. Wait times for turbines extend to the end of the decade, impacting planned expansions in these countries. Source: https://ieefa.org/articles/global-gas-turbine-shortages-set-increase-delays-and-costs-gas-power-projects-vietnam-and
• South Korea: Hanwha Ocean completed the world’s first LNG ship-to-ship transfer during sea trials, marking a technical milestone for LNG handling efficiency and safety in maritime operations. Source: https://splash247.com/hanwha-ocean-completes-world-first-lng-ship-to-ship-transfer-during-sea-trials/
• India: Oil India Limited (OIL) and Mahanagar Gas Limited (MGL) signed a Memorandum of Understanding (MoU) to collaborate across the Liquefied Natural Gas (LNG) value chain and emerging clean energy sectors. Source: https://psuwatch.com/newsupdates/oil-india-and-mahanagar-gas-join-hands-to-explore-opportunities-in-lng-and-clean-energy
• India: IGX traded a record 40.7 million MMBtu gas in H1 FY26. Market growth driven by power sector demand.
• General Asia: Gas-turbine crunch threatens an anticipated LNG demand bonanza, with South and Southeast Asia as key growth engines through 2035, but supply chain issues could hinder progress. Source: https://www.bloomberg.com/news/newsletters/2025-10-07/gas-turbine-crunch-threatens-asian-lng-demand-bonanza
• General Asia: Asian LNG prices eased due to South Korean stockbuild and softer Chinese industrial demand earlier, but spot prices dipped to $10.7/MMBtu. Imports down 5% YTD, with China falling 17% to 41.8 Mt in Jan-Aug. Source: https://www.kpler.com/blog/asian-lng-eases-on-south-korean-stockbuild-and-softer-chinese-industrial-demand

China

• China quietly absorbing Russian LNG with the 7th cargo from Arctic LNG 2 arriving via Beihai despite sanctions, normalizing flows under shadow logistics. This reflects ongoing efforts to secure supplies amid global tensions. Source: https://geopoliticsunplugged.substack.com/p/rapid-read-geopolitical-must-knows-b4e
• China is accelerating the construction of oil reserve sites, adding eleven new facilities in 2025 and 2026 as part of a stockpiling drive to enhance energy security amid global volatility. Source: https://www.reuters.com/business/energy/china-accelerates-oil-reserve-site-build-amid-stockpiling-drive-2025-10-07/
• China and Iran are engaging in barter trade to circumvent sanctions, maintaining economic ties despite restrictions, which could indirectly support oil flows given Iran’s export challenges. Source: https://chinaglobalsouth.com/2025/10/07/china-iran-barter-trade-sanctions/

Africa

• Mozambique: The $7.2 billion Coral Norte LNG project in Rovuma’s Area 4, led by Italy’s Eni, is set to begin in October, doubling output to over 7 Mtpa and strengthening Africa’s LNG position. President Daniel Chapo announced the launch during a New York visit. Source: https://africa-news-agency.com/mozambique-7-2-bn-coral-norte-lng-project-to-begin-in-october/
• Nigeria: The Dangote Refinery strike resulted in Nigeria losing 600,000 barrels of oil output, impacting production amid ongoing energy challenges. Source: https://oilprice.com/Latest-Energy-News/World-News/
• Egypt: Offshore rig Cairo-2, managed by Belayim (with Eni), is set for deep drilling in the Mediterranean.
• Libya: Eni restarts drilling in Libya’s BESS-3 offshore well, paused since 2020.
• General Africa: Africa’s LNG output is poised to reach 120 Mtpa by 2035, with Nigeria positioned as a global leader via expansions like NLNG’s projects. This could double current capacity amid rising global demand. Source: https://www.arise.tv/africas-lng-output-poised-to-hit-120-mtpa-by-2035-says-nlng/

North America

• United States: Commonwealth LNG requested a 4-year FERC extension for its 9.5 Mt/y Louisiana project due to regulatory delays, aiming for completion by 2031. Source: https://www.naturalgasintel.com/news/commonwealth-lng-seeks-4-year-extension-from-ferc-after-regulatory-delays/ , https://www.naturalgasintel.com/news/lower-48-lng-exports-near-2025-highs-as-record-volumes-sail-to-europe-lng-recap/
• United States: US LNG exports near 2025 highs, with record volumes to Europe; feed gas flows hit near 16 Bcf/d. Shipments from Gulf Coast terminals up 28% YTD amid European/Asian demand. Natural gas futures rose 1% on strong LNG export demand. Source: https://www.einpresswire.com/article/856001859/u-s-oil-and-gas-market-size-demand-report-2033
• United States: ExxonMobil announced plans to cut 2,000 jobs amid restructuring and oil market challenges, aligning with industry trends seen at Chevron and ConocoPhillips. This reflects cost-cutting pressures in a volatile market. Source: https://www.ogj.com/
• United States: U.S. crude oil inventories rose by 1.8 million barrels last week, exceeding analyst expectations, signaling potential oversupply concerns. Source: https://www.wsj.com/business/energy-oil?gaa_at=eafs&gaa_n=ASWzDAh7uc7dO9dXJ1rR8nLviN2F889cHa-cV9kaT6l7xaVVT8gZ0DDA21PP&gaa_ts=68e513dc&gaa_sig=yKLVCyKdL8UWTqxX49aVs4a43sS7-ncIc8PYL0dwtaIFgzlv9NMzhSJd1nET5wsT8O_LWCzlJxQ2wxdg3bnf4w%253D%253D
• United States: Chevron experienced a fire at its 276,000 bpd El Segundo refinery, rattling West Coast fuel markets and putting pressure on SoCal jet and CARB gasoline prices.
• United States: Anadarko Basin sees increased oil and gas dealmaking, with eight upstream transactions in Q3, including TotalEnergies’ entry via non-operated purchase, focusing on the Cherokee formation for growth. Source: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/natural-gas/100625-anadarko-basin-sees-pickup-in-oil-gas-dealmaking-as-publics-privates-add-scale
• United States: Shell reported strong Q3 profits due to robust trading and high production.. Source: https://energynewsbeat.co/shells-q3-profit-soars-on-strong-trading-and-production/
• United States: Chart shareholders approve acquisition by Baker Hughes, impacting global energy services. Source: https://www.rigzone.com/news/chart_industries_shareholders_vote_up_baker_hughes_takeover-07-oct-2025-182016-article/
• United States: U.S. natural gas futures rose ~2% amid near-record LNG export flows. Source: https://www.brecorder.com/news/40386171/us-natural-gas-prices-rise
• Canada: Shell’s LNG Canada project hit snags with Train 1 below 50% capacity due to a failed component; Train 2 startup begins, but AECO prices collapsed below $0 from gas glut. Sea to Sky MLA calls for halt to LNG expansion over flaring health concerns. Source: X post by @jackprandelli (ID: 1975321958179893405) and https://www.nsnews.com/highlights/sea-to-sky-mla-calls-for-halt-to-lng-expansion-over-flaring-health-concerns-11307853
• North America broke its rig gain streak, with the U.S. dropping 57 oil rigs and Canada losing 28 oil rigs, indicating a slowdown in drilling activity. Source: https://www.rigzone.com/news/north_america_breaks_rig_gain_streak-07-oct-2025-182017-article/

South America

• Venezuela: Europe is emerging as a new outlet for Venezuela’s non-oil exports, with trade group AVEX reporting rises amid economic recovery tests, potentially easing pressure on oil-dependent economy. Source: https://www.riotimesonline.com/europe-becomes-venezuelas-new-outlet-non-oil-exports-rise-as-recovery-is-tested/
• Venezuela: U.S. Gulf Coast fuel oil imports hit a 2.5-year high amid Venezuelan and Russian sanctions, boosting supply from these sources. Source: https://www.reuters.com/business/energy/us-gulf-coast-fuel-oil-imports-hit-25-year-high-amid-venezuelan-russian-2025-10-02/
• Brazil: Brazil’s trade surplus topped forecasts due to beef and soy exports, but oil remains a key factor; crude exports dropped significantly, affecting global supply dynamics. Source: https://www.thepigsite.com/news/2025/10/brazil-trade-surplus-tops-forecasts-on-beef-soy-exports

Europe

• Ukraine: Ukraine seeks to increase natural gas imports by 30% following Russian airstrikes on infrastructure, aiming for G7 support to bolster supplies. Energy Minister Herman Halushchenko highlighted the need amid ongoing attacks. Source: https://www.reuters.com/business/energy/ukraine-wants-increase-gas-imports-by-30-after-russian-attacks-2025-10-07/ and https://www.dw.com/en/ukraine-updates-kyiv-seeks-g7-natural-gas-imports/live-74262818
• Norway: Ørsted raised $9.3 billion in a discounted share sale backed by the Danish state, supporting renewable expansions that could displace oil in energy mix. Source: https://oilprice.com/Latest-Energy-News/World-News/
• UK: UK’s Ineos reduces workforce by 20% at its Hull chemicals plant.
• UK: UK North Sea oil production can expand 50% reserves without breaching net-zero emission targets.
• General Europe: EU’s US LNG use set to soar to 70% of imports in 2026-2029 (up from 58%), increasing price volatility post-Russian LNG ban. Germany saw record August imports (0.7 Mt at Mukran). Shell expects $600M hit from scrapped Rotterdam biofuels but raises LNG outlook to 7-7.4 Mt. Source: https://www.reuters.com/business/energy/european-unions-us-gas-use-set-soar-increasing-price-volatility-2025-10-06/ and https://www.reuters.com/business/energy/shell-expects-600-million-hit-rotterdam-biofuels-project-cancellation-2025-10-07/
• General Europe: EU moves to restrict travel of Russian diplomats, indirectly impacting energy ties amid ongoing sanctions on Russian oil. Source: https://www.themoscowtimes.com/2025/10/07/ukraine-mounts-second-straight-night-of-mass-drone-strikes-on-russia-a90735
• General Europe: EU will need up to 160 extra LNG cargoes this winter; dependency on US gas expected to reach 48% of EU supply.

Russia

• Russia’s oil output is expected to rise in 2026-2027 as OPEC+ eases cuts, projected at 516 million tons in 2025. Source: https://tass.com/economy/2026107
• Putin supports a nuclear-powered submarine LNG carrier project, aiming to enhance Arctic logistics amid sanctions. Russia promises funding for global logistics but faces budget constraints. EU paid Russia $31.38B for energy in past year despite embargoes. Source: https://www.portseurope.com/putin-asks-for-nuclear-submarine-lng-carrier/ and https://www.portseurope.com/russia-promises-pennies-for-logistics-infrastructure-abroad/
• Russia’s pipeline deal with China is seen taking a decade to boost exports significantly. Source: https://www.reuters.com/business/energy/russias-pipeline-deal-with-china-seen-taking-decade-boost-exports-2025-10-07/

Middle East

• Qatar: Qatar halts maritime operations due to GPS technical issues, potentially impacting LNG shipments. No direct LNG disruptions reported yet, but monitoring ongoing.
• Iran: Iran announced a major new gas and oil discovery in the southern Fars province’s Pazan field, adding significant reserves to bolster its position as a key producer. Source: https://www.oilandgasmiddleeast.com/news/iran-gas-oil-discovery-fars
• Saudi Arabia: OPEC+ restrained output rises amid glut fears, with Saudi Arabia holding nearly 60% of the group’s 4.1 million bpd spare capacity. Aramco adjusted Official Selling Prices (OSPs). Source: https://www.reuters.com/markets/commodities/surging-opec-oil-output-leaves-market-with-shrinking-shock-absorbers-2025-10-05/
• Saudi Arabia: KSA keeps Arab Light crude prices to Asia steady after OPEC+ modest output rise.
• UAE: World Bank raised Middle East growth forecast to 2.8% for 2025, with UAE leading GCC at 4.8%, driven by non-oil sectors amid minimal tariff impacts. Source: https://www.agbi.com/economy/2025/10/world-bank-lifts-2025-growth-forecast-for-middle-east/
• UAE: Firms submit proposals for Adnoc Gas Ruwais NGL (LNG) project; contractors submit technical bids for Habshan 7 project.
• Kuwait: Cancels major oil tender—shift in strategy or response to market conditions. Source: https://www.meed.com/major-kuwaiti-oil-tender-cancelled

Australia

• General Australia: Gold exports projected to overtake LNG as second-most valuable export, rising to A$60B in FY2026 (up 28%), amid softening LNG earnings down 25% ($11B drop). Resources export forecasts updated for September 2025. Source: https://finance.yahoo.com/news/gold-overtake-lng-metallurgical-coal-054655806.html , https://www.industry.gov.au/news/australias-resources-and-energy-export-earnings-set-soften-global-uncertainties-persist , and https://www.afr.com/companies/energy/australia-faces-25pc-slump-in-lng-export-earnings-20251006-p5n0cy