Asia

• Pakistan: Sindh, Saudi Delegation Ink Landmark Energy and Investment MoUs in Karachi.
• Pakistan: Massive Saudi investment in KE on cards.
• Pakistan: Lawmakers Call for Renewable Energy Transition and Stronger Parliamentary Oversight in Pakistan’s Energy Planning.
• South Korea: IMM Investment Corp. is set to acquire a 49.9% stake in Boryeong LNG Terminal from SK Innovation for about $420 million, enhancing terminal operations and supporting regional energy infrastructure. Source: https://www.kedglobal.com/private-equity/newsView/ked202510100007
• Vietnam: The Thai Binh LNG-to-power plant has broken ground, a major step to boost northern Vietnam’s energy supply with cleaner power, aiming for reliable electricity amid growing demand. The Ministry of Industry and Trade also proposed a 75% offtake guarantee for LNG power projects to encourage investment and ensure project viability. Sources: https://vir.com.vn/thai-binh-lng-to-power-plant-breaks-ground-to-boost-northern-energy-supply-138374.html; https://theinvestor.vn/vietnams-industry-ministry-proposes-75-offtake-for-lng-power-projects-d17305.html
• India: Larsen & Toubro’s (L&T) Hydrocarbon Onshore business secured an ultra-mega order to establish a Natural Gas Liquids (NGL) plant and associated facilities in the Middle East, enhancing its international portfolio in energy infrastructure. This project underscores L&T’s growing role in global hydrocarbon processing amid rising demand for natural gas derivatives. Source: https://pbs.twimg.com/media/G20H2SDWQAAAKE-.jpg.
• India: GP Petroleums entered into a manufacturing and marketing agreement with Modern International FZE, aiming to expand its global footprint and strengthen overseas presence in the lubricants and petroleum products market. This strategic partnership is expected to boost production capabilities and market reach for specialized oil products. Source: https://x.com/theprabhakars/status/1976259257864786273.
• Philippines: UK-based Sunda Energy (formerly Baron Oil) expanded its offshore footprint by securing a non-operated stake in two petroleum blocks in the Sulu Sea, targeting high-impact deepwater gas potential to unlock Southeast Asia’s untapped resources through exploration activities. Source: https://www.offshore-energy.biz/high-impact-offshore-block-duo-helping-unlock-southeast-asias-deepwater-gas-potential/.
• General Asia: Asia spot LNG prices rose to $11.00/mmBtu for November delivery due to colder weather forecasts in Europe and Russian strikes on Ukraine, increasing competition for supplies. October 2025 energy overview notes JKM averaged $11-12/MMBtu, supported by seasonal restocking but limited by milder demand. Sources: https://www.zawya.com/en/business/commodities/asia-spot-prices-gain-on-colder-europe-weather-russian-strikes-on-ukraine-actu7wvt; https://www.dobenergy.com/news/2025/10/10/october-2025-energy-market-overview-fundamentals-a

Africa

• Ethiopia: Prime Minister Abiy Ahmed inaugurated the first phase of the Ogaden Liquified Natural Gas Mega Project, a significant milestone for domestic energy production and economic growth through gas utilization. Source: https://www.ifa.gov.et/2025/10/10/%25F0%259D%2590%2584%25F0%259D%2590%25AD%25F0%259D%2590%25A1%25F0%259D%2590%25A2%25F0%259D%2590%25A8%25F0%259D%2590%25A9%25F0%259D%2590%25A2%25F0%259D%2590%259A-%25F0%259D%2590%2588%25F0%259D%2590%25A7%25F0%259D%2590%259A%25F0%259D%2590%25AE%25F0%259D%2590%25A0%25F0%259D%2590%25AE%25F0%259D%2590%25AB%25F0%259D%2590%259A/
• Congo: A $500 million off-grid fund is set to start disbursing, potentially supporting LNG-related infrastructure and energy access initiatives in remote areas. Source: https://www.energyconnects.com/news/renewables/2025/october/congo-s-planned-500-million-off-grid-fund-to-start-disbursing/
• Nigeria: Nigeria advocated for a unified African LNG strategy at the Cape Town energy summit to optimize exports and leverage the continent’s 209.26 Tcf gas reserves. Source: https://www.ecofinagency.com/news-industry/0910-49406-nigeria-pushes-for-unified-african-lng-strategy-at-cape-town-energy-summit
• Namibia: McDermott and Namibia’s Petrofund signed a Memorandum of Understanding (MOU) to enhance local workforce development in the emerging oil and gas sector, focusing on technical training, knowledge transfer, and capacity building to meet international standards for offshore projects. Source: https://worldoil.com/news/2025/10/8/mcdermott-petrofund-sign-agreement-to-develop-namibia-s-oil-and-gas-workforce/.
• Namibia: Sintana Energy and Challenger Energy Group announced a merger to accelerate exploration in the Southern Atlantic, particularly boosting activities in Namibia’s offshore basins with combined assets for oil and gas prospects. Source: https://www.oedigital.com/news/530928-sintana-challenger-merger-to-boost-exploration-in-southern-atlantic.
• Uganda: Uganda National Oil Company (UNOC) signed an MOU with Baker Hughes to improve technical capabilities and operationalize UNOC’s Center of Excellence for Research, Training, and Innovation, aiming to advance local expertise in oil exploration and production. Source: https://www.linkedin.com/feed/update/urn:li:activity:7382089427143127040.

North America

• United States: Venture Global’s shares slid after losing an arbitration case to BP over withheld LNG cargoes from Calcasieu Pass, with damages pending; this follows similar disputes with Shell, Edison, and Galp.
• United States: US weekly LNG exports dropped to 30 cargoes (112 Bcf).
• United States: Harvest Midstream and IGU delivered the first North Slope LNG to Fairbanks, projecting over 8 MMcf/d as infrastructure expands.
• United States: Stabilis Solutions signed a 10-year LNG supply deal for Port of Galveston operations.
• United States: ExxonMobil entered LNG bunkering with charters from Avenir LNG and Evalend for two vessels starting 2027.
• United States: The U.S. Energy Information Administration (EIA) revised its 2025-26 oil production outlook upward, forecasting average output of 13.5 million barrels per day (bpd) for both years, following a record 13.6 million bpd in July, driven by shale efficiency gains.
• United States: Anadarko Basin experienced a surge in oil and gas dealmaking, with public and private companies adding scale through mergers and acquisitions to consolidate operations in this key U.S. shale region.
• Canada: First Nations dealers are entering bond markets for LNG and pipeline financing, reducing reliance on traditional banks. Source: https://www.bloomberg.com/news/articles/2025-10-09/first-nations-dealers-are-muscling-into-canada-s-bond-market?utm_source=website&utm_medium=share&utm_campaign=twitter
• Canada: MAX Power Mining Corp. entered a collaboration with Petroleum Technology Research Centre to validate and advance scientific research for establishing Canada’s first commercial natural hydrogen project, focusing on clean energy alternatives.
• Jamaica: United Oil & Gas signs offshore survey contract for Jamaica.

South America

• Colombia: Ecopetrol plans to launch bidding on October 14 for a new LNG regasification terminal at Covenas to enhance import capacity. Source: https://pgjonline.com/news/2025/october/ecopetrol-to-launch-bidding-for-colombia-s-covenas-lng-regasification-terminal

Europe

• Poland: Poland offered generators, extra electricity, and LNG terminal access to Ukraine following Russian attacks on energy infrastructure, causing power cuts in Kyiv. Source: https://www.reuters.com/business/energy/poland-offers-help-ukraine-reels-russian-attacks-energy-infrastructure-2025-10-10/
• United Kingdom: A public-private partnership proposal was made for the Lindsey Oil Refinery to enhance operations and sustainability, addressing refining capacity in the North Sea region. Source: https://www.grimsbytelegraph.co.uk/news/local-news/public-private-partnership-proposal-made-10559030.
• Serbia: U.S. sanctions on the Russian-controlled operator of Serbia’s only oil refinery took effect, prompting warnings from Serbia’s president about severe impacts on national energy security. Source: https://www.france24.com/en/live-news/20251009-serbia-faces-extremely-serious-impacts-as-sanctions-hit-oil-firm.
• General Europe: EU gas storage reached 83% on October 1, ensuring resilience against disruptions; report confirms preparedness for winter. Gas prices edged lower due to strong LNG supply and high wind output, offsetting rising demand. October 2025 overview notes TTF stabilized at lower levels with improved supply.

China

• China: A tanker from Russia’s Arctic LNG 2 project discharged cargo at a Chinese port, marking continued trade despite sanctions. Daily LNG price survey updated for October 10. Sources: https://www.marinelink.com/news/tanker-delivers-arctic-lng-cargo-chinese-530984; https://www.mysteel.net/news/5100631-flash-china-lng-price-20251010

Russia

• Russia: European allies continue fueling Russia’s war economy via LNG imports, representing half of EU’s Russian energy purchases. Russia accused Ukraine of damaging an ammonia pipeline in Donetsk. Sources: https://www.reuters.com/business/energy/how-ukraines-european-allies-fuel-russias-war-economy-2025-10-10/; https://www.kyivpost.com/post/61798

Middle East

• UAE: Adnoc Gas CEO stated a record LNG supply surge will create enduring demand; 80% of Ruwais LNG project contracts sold. L&T Energy Hydrocarbon won an ultra-mega order for a Natural Gas Liquids plant. Sources: https://www.bloomberg.com/news/articles/2025-10-10/record-lng-wave-will-breed-long-term-demand-says-adnoc-gas-ceo?srnd=phx-markets; https://www.bloomberg.com/news/videos/2025-10-10/adnoc-gas-80-contracts-from-ruwais-lng-project-sold-video; https://www.prameyaenglish.com/
• UAE: Abu Dhabi awards contract for 1.5GW solar project.
• Iraq: Iraq signed a heads of agreement with ExxonMobil for the development of the Majnoon oilfield, marking Exxon’s reentry into Iraq to boost production capacity in one of the region’s largest fields.
• Kuwait: Chinese and US companies compete for a major oil project contract. Estimated project value: $340 million. Contract competition underscores continued global investment interest in Kuwait’s upstream oil sector.
• Saudi Arabia: Aramco acquires majority stake in PetroRabigh. Aramco paid $702 million to Japan’s Sumitomo Chemical to raise its stake in the key Saudi downstream operator to 60%.

Australia

• Australia: Gold is expected to surpass LNG as Australia’s No. 2 resource export due to high prices and production increases, while LNG export values decline. Queensland’s energy roadmap confirms gas’s essential role in powering the state alongside coal. Sources: https://finance.yahoo.com/news/gold-pass-lng-australia-no-150000904.html; https://www.miragenews.com/queensland-energy-roadmap-confirms-gas-1549385/