Asia

• Pakistan: Pakistan doubles US oil imports to $150 million to narrow trade surplus.
• Pakistan: POL Brings Razgir-1 Well Onstream, Boosting Gas and Condensate Output. Production from the newly commissioned well is being gradually ramped up and is expected to reach a flow rate of 25.1 million cubic feet per day (MMcf/d) of gas and 333 barrels per day (bpd) of condensate. POL holds a 25% pre-commerciality interest in the Razgir-1 well.
• Pakistan: Pakistan, IFC Advance Toward Financial Close of Reko Diq Project.
• Pakistan: Federal Minister for Petroleum Visits Russia, Strengthens Energy Cooperation.
• Pakistan: Uncertainty Looms Over Renewable Energy Projects as PPIB Awaits Approval.
• Pakistan: The Port Qasim Electric Power Company (PQEPC) has cautioned the government that it may be forced to suspend operations at its facility due to Rs75 billion in unpaid dues.
• Pakistan: Pakistan Finance Minister Sees Staff Deal on $1.2 Billion IMF Payout This Week.
• India: India Extends Deadline for LNG Import Tender. India has extended the deadline for its first annual U.S. LPG/LNG import tender to October 17, 2025.
• India: Cochin Shipyard secured a mega Rs 2,000 crore contract from a European client for six LNG-fuelled feeder vessels, marking a significant boost for India’s shipbuilding in the LNG sector.
• India: India and the US are holding trade talks this week, with New Delhi committing to higher energy imports including LNG to strengthen bilateral ties and aim for $500B trade by 2030. Source: https://www.reuters.com/world/india/india-us-hold-trade-talks-this-week-washington-source-says-2025-10-13/
• India: Oil India confirmed a major deepwater natural gas discovery in the Andaman Basin, potentially marking a turning point for domestic production under PM Modi’s Samudra Manthan mission to explore frontier offshore areas and cut LNG imports. Initial estimates suggest substantial reserves, boosting upstream potential. Source: https://t.co/6CUF8KBzF5
• India: India’s Oil and Natural Gas Corporation (ONGC) expects crude prices to remain steady at $60-65 per barrel, with executives stating preparedness for this range amid current market scenarios. This outlook supports planning for exploration and refining. Source: https://oilprice.com/Latest-Energy-News/World-News/Indian-Oil-Major-Expects-Oil-Prices-to-Hold-Steady-Between-60-and-65.html
• Japan: LNG fuel ship real-ship trials achieved a 98% methane slip reduction rate, conducted by Carnival Corporation, Mitsubishi Shipbuilding, and others. This advances low-emission LNG propulsion technology for maritime use. Source: https://news.yahoo.co.jp/articles/0993b2b3192ac327ca7347499dfa54fc7daa3501
• Malaysia/Indonesia: Eni plans to launch a Petronas gas joint venture in 2026, targeting 30万 boe/d initially to expand LNG infrastructure in Southeast Asia. Source: https://www.reuters.com/business/energy/eni-plans-launch-petronas-gas-joint-venture-2026-2025-10-13/
• Taiwan: Taiwan’s CPC signed a letter of intent to buy millions of tons of Alaskan LNG and potentially invest in a pipeline/liquefaction project, aiming to diversify from Qatar (30% reliance) and bind energy security closer to the US to deter Chinese aggression. Source: https://www.wsj.com/world/asia/chinese-blockade-taiwan-d5b241c7

Africa

• Nigeria: Shell approved a $2 billion HI offshore gas project with Sunlink Energies, delivering 350 mmscf/d of gas to NLNG’s Train 7 expansion (adding 7.7 mtpa capacity). This underscores renewed investor confidence in Nigeria’s energy sector after four decades. Source: https://www.reuters.com/business/energy/shell-sunlink-greenlight-lng-project-offshore-nigeria-2025-10-14/
• Egypt: Egypt aims to boost LNG exports through March 2026, reversing its recent net importer status, to attract investors amid increased domestic production. Source: https://www.bloomberg.com/news/articles/2025-10-14/egypt-looks-to-boost-lng-exports-into-march-to-attract-investors
• Egypt: Egypt Plans 480 Oil Wells with $5.7 Billion Investment.
• Egypt: Egypt Exports 155,000 Cubic Meters of LNG to Italy.
• Algeria: Algeria signed a $5.4 billion oil and gas deal with Saudi firm Midad Energy for exploration and development, potentially supporting future LNG growth. Source: https://www.upstreamonline.com/exploration/saudi-player-strikes-5-4-billion-e-p-deal-in-algeria/2-1-1885473
• Angola: Afentra PLC received formal approval via Presidential Decree for the Risk Service Contract on offshore Block 3/24, enabling exploration and development activities in partnership with local entities. Source: https://www.investegate.co.uk/announcement/rns/afentra–aet/approval-of-block-3-24-license-offshore-angola-/9170269
• Namibia: PETROFUND signed an MOU with McDermott International to build local expertise in upstream oil and gas, focusing on training and technology transfer for Namibia’s emerging sector. Additionally, Sintana Energy acquired Challenger Energy in an all-share deal to form an Atlantic-margin exploration champion, targeting Namibia and Uruguay assets. Source: https://economist.com.na/101381/human-resources/global-energy-firm-mcdermott-partners-with-namibia-to-develop-oil-gas-talent/

United States

• Foreign buyers are flocking to US shale gas following the Trump administration’s lift of the moratorium on new LNG projects and approval of export terminal licenses, enhancing US export capacity. Source: https://www.ft.com/content/5f4eb16c-bd0e-49c4-844f-c3cec11183a3
• A new $2.3 billion natural gas pipeline will boost Texas LNG exports, supporting increased shipments from key hubs. Source: https://www.pipeline-journal.net/news/new-23-billion-natural-gas-pipeline-boost-texas-lng-exports
• US ends LNG ship penalty but sets tariffs in feud with China, impacting vessel imports and project costs. Source: https://www.energyconnects.com/news/gas-lng/2025/october/us-ends-lng-ship-penalty-sets-tariffs-in-escalating-feud-with-china/
• Cove Point LNG export plant in Maryland returned to service post-outage, with gas flows at 0.9 Bcf/d, supplying under contracts with GAIL and Sumitomo. Source: https://pgjonline.com/news/2025/october/maryland-s-cove-point-lng-export-plant-returns-to-service-following-outage
• Oil executives flag increased costs from Trump’s tariffs on LNG projects. Source: https://www.reuters.com/sustainability/sustainable-finance-reporting/oil-executives-flag-increased-costs-trumps-tariffs-2025-10-14/
• Lower 48 gas production low due to maintenance, but LNG feedgas hit ~18 Bcf/d; market eyes October injections. Source: https://x.com/HFI_Research/status/1977948904529502306
• The soybean industry responded to the renewable diesel boom by boosting soybean oil production, a key feedstock, with implications for biofuels blending into oil markets. Source: https://farmdocdaily.illinois.edu/2025/10/the-soybean-industry-response-to-the-renewable-diesel-boom-part-3-the-value-of-soybean-oil-in-the-soybean-crush.html
• Mosman Oil expanded to US helium prospects, leveraging oil and gas infrastructure. Source: https://www.sharecast.com/news/aim-bulletin/mosman-oil-announces-expansion-to-us-helium-prospects–21034096.html

North America (excluding US)

• Canada: MAX Power advanced its Natural Hydrogen corridor with the discovery of the Lucky Lake target 50 km NW of Lawson, announcing collaboration with Petroleum Technology Research Centre to accelerate development. Source: https://www.stocktitan.net/news/MAXXF/max-power-advances-canada-s-leading-natural-hydrogen-corridor-with-otms2wgya0kz.html

South America

• Argentina: Eni and YPF finalized an agreement for the Argentina LNG project in Vaca Muerta, advancing steps toward FID for a 12 mtpa facility with additional FLNG capacity (~10 mtpa). Source: https://ground.news/article/eni-ypf-finalise-agreement-for-lng-project-in-argentina
• Brazil: Petrobras restarted production at the flagship Tupi offshore field, restoring output from one of the most productive pre-salt assets and enhancing Brazil’s position as a major oil exporter. Source: https://oilprice.com/Latest-Energy-News/World-News/Petrobras-Restarts-Tupi-Output-Strengthening-Brazils-Offshore-Surge.html

Europe

• Spain: Spain’s Enagas gas network is ready for a faster ban on Russian LNG by 2027 if the EU advances its phase-out, reducing reliance on Russian supplies. Source: https://www.reuters.com/business/energy/spains-gas-network-ready-faster-russian-lng-ban-ceo-says-2025-10-14/
• Ukraine: Naftogaz Secures Gas Loans from EIB and Oschadbank. Naftogaz announced loans of around $347 million from the European Investment Bank and around $72 million from Ukraine’s state-owned Oschadbank to buy natural gas for the country.
• General Europe: European natural gas prices eased to below €31.5/MWh amid ample LNG inflows and stable supplies, with TTF futures steady despite higher demand. Storage above 90% weighs on buying. Source: https://www.fxstreet.com/news/european-gas-prices-ease-on-ample-lng-supply-ing-202510140934
• Russian hybrid warfare risks leaving Europe’s energy consumers cold, with recent drone attacks and strikes impacting fuel supplies. Source: https://www.reuters.com/business/energy/russian-hybrid-warfare-could-leave-europes-energy-consumers-cold-2025-10-13/
• Trump ally Orban deals blow to Russia’s gas profits as Europe edges closer to banning Russian LNG imports. Source: https://www.msn.com/en-us/money/markets/trump-ally-orban-deals-blow-to-russia-s-gas-profits/ar-AA1Omszh?ocid=socialshare

China

• Russia has increased exports of US-sanctioned LNG from Arctic LNG 2, with eight shipments arriving at Beihai terminal since August via the Cape route, testing Trump’s policies and establishing a structural corridor for 0.45 mt of LNG. Source: https://www.bloomberg.com/news/articles/2025-10-14/russia-steps-up-exports-of-us-sanctioned-lng-in-test-for-trump
• China’s September LNG and gas imports fell 7.9% YoY and 6.8% MoM due to weak spot demand, with Asia’s overall imports at 4.6 mt in early October (down 10% from Q3 average). Spot levels below $11/MMBtu haven’t spurred demand. Source: https://x.com/Lucid_Watcher/status/1977762203626295709
• China’s crude oil imports rose 3.9% in September to 11.5 million bpd, reflecting stronger demand amid economic recovery efforts. Source: https://oilprice.com/Latest-Energy-News/World-News/Chinas-Oil-Imports-Jumped-39-in-September.html
• A tanker bound for Rizhao port was diverted following US sanctions on the terminal, impacting trade flows. https://oilprice.com/Latest-Energy-News/World-News/Tanker-Bound-for-China-Diverted-Due-to-US-Sanctions.html
• Oil prices stabilized as traders eyed Trump-Xi meeting to ease tensions. Source: https://www.reuters.com/business/energy/oil-edges-up-us-china-de-escalate-trade-tensions-2025-10-14/
  

Russia

• Russia: Novatek ramps up LNG exports from sanctioned Arctic LNG 2 despite US restrictions, loading new cargoes and sending to China, testing Trump administration responses. Source: https://www.bloomberg.com/news/articles/2025-10-14/russia-steps-up-exports-of-us-sanctioned-lng-in-test-for-trump
• Ukraine’s drone attacks on refineries reduced Russian fuel production and exports by 17.1% in September, disrupting supply chains and global markets. Source: https://oilprice.com/Latest-Energy-News/World-News/Ukraines-Drone-Attacks-Cripple-Russian-Fuel-Exports.html

Middle East

• Qatar: Contractor kicks off $4 billion offshore work for Qatar’s key oilfields, supporting long-term production boosts that could indirectly aid LNG feedgas. Source: https://www.upstreamonline.com/field-development/contractor-kicks-off-4-billion-middle-east-offshore-work/2-1-1885309
• Turkey: Turkey’s gas shift threatens Russia and Iran’s last big European market, planning to burn imported gas domestically and re-export LNG post-EU ban on Russian energy. Source: https://www.reuters.com/business/energy/turkeys-gas-shift-threatens-russia-irans-last-big-european-market-2025-10-08/
• Kuwait: Kuwait Oil Company announced a major natural gas discovery at the Jazah offshore field, with initial tests at 29 MMcf/d gas and 5,000 bpd condensate, enhancing Persian Gulf reserves. Source: https://www.forbesmiddleeast.com/industry/energy/kuwait-oil-company-announces-major-natural-gas-discovery-at-jazah-offshore-field
• Saudi Arabia: Aramco CEO declared the energy transition a failure amid surging oil demand, emphasizing a swing back to traditional energy. Source: https://oilprice.com/Latest-Energy-News/World-News/Saudi-Aramco-CEO-Declares-the-Energy-Transition-a-Failure-as-Oil-Demand-Surges.html
• Saudi Arabia: Aramco confirmed it can sustain 12 million bpd output for a year without new investments. Source: https://oilprice.com/Latest-Energy-News/World-News/Saudi-Aramco-Can-Sustain-12-Million-Mpd-Oil-Output-for-a-Year.html

Australia

• antos is blamed for soaring electricity and mortgage costs due to its 2011 LNG export push, arguing failed strategies should be a national responsibility; Australians urged to reserve gas domestically and tax LNG exports heavily. Source: https://www.abc.net.au/news/2025-10-14/why-santos-is-behind-your-soaring-electricity-and-mortgage-costs/105885202
• Two legal challenges filed against Woodside’s North West Shelf LNG extension on environmental and cultural grounds by Australian Conservation Foundation and Friends of Australian Rock Art. Source: https://www.theguardian.com/environment/2025/oct/13/legal-challenges-woodside-gas-plant-north-west-shelf-extension-environmental-cultural-grounds
• New LNG plant in Pilbara could expose thousands to extreme heat, per report on Scarborough project. Source: https://www.abc.net.au/listen/programs/radionational-breakfast/scarborough-gas-lng-plant-wa/105887312
• Santos CFO Sherry Duhe makes abrupt exit amid discussions on new domestic gas restrictions. Source: https://www.theaustralian.com.au/business/santos-cfo-sherry-duhe-makes-abrupt-exit-from-oil-and-gas-producer/news-story/d935b3abed04d11722a3cdd4abab7eb9