ASIA

Malaysia

1. A US-sanctioned Russian LNG tanker conducted a rare ship-to-ship transfer off Malaysia’s coast, marking the first documented occurrence in the area, as Russia seeks buyers despite Western curbs.

South Korea

1. South Korea selected BP plc as a partner for developing a deepwater gas reserve in the East Sea, aiming to boost domestic production amid regional energy demands.

Japan

1. Uncertainty looms over Japan’s imports of Russian LNG following US Treasury Secretary Janet Yellen’s statement expecting Japan to halt Russian energy imports under a potential Trump administration. Japan imports 8.8% of its LNG from Russia’s Sakhalin-2 project.
2. Poland’s ORLEN completed its first delivery of 100 million cubic meters of LNG to Osaka Gas, transported by the LNGC ‘Ignacy Jan Padarewski,’ marking ORLEN’s entry into the Japanese market.

General Asia

1. November JKM physical LNG market recorded second-highest activity despite shoulder season lull, driven by subdued demand but robust trading.

India

1. US President Donald Trump threatened massive tariffs on India unless it halts Russian oil imports, following a pledge from India to reduce purchases; this could force Russian oil into shadow markets and impact global supply chains.
2. Indian refiners made rare purchases of Guyanese crude grades for January arrival, signaling diversification amid geopolitical pressures.
3. The government opened 99% of offshore areas for oil and gas exploration to build a self-reliant energy future.

Indonesia

1. Pertamina strengthened its chemical enhanced oil recovery business through a partnership with China’s Daqing Oilfield Co., Ltd., aiming to boost production efficiency.
2. Arkora is planning to stay ahead in Indonesia’s renewable transition through AI-powered solutions as it accelerates its 200 MW hydropower development program.
3. Gallant Venture’s unit is pursuing an $887 million bond deal for the construction of a 3-by-350-megawatt coal-fired power plant in Indonesia.

AFRICA

Mozambique

1. Mozambique can leverage its ample energy resources, including gas projects, to expand energy access and spur industrial development, as per IEA report. Coral LNG project attracts $3 billion in investments for local content.

South Africa

1. ExxonMobil eyes South Africa for LNG projects amid push for gas development.

Namibia

1. BP confirmed an oil and gas discovery at the Volans-1X well in the Orange Basin, the third major find in 2025 by Azule Energy partners, enhancing the region’s hotspot status.

Libya

1. Zueitina Oil Company contained a limited pipeline leak, preventing major disruptions to operations.

Nigeria

1. Okomu Oil Plc reported record profit growth of N60.33 billion for nine months ending September 2025, a 50% increase over full-year 2024, driven by operational rewards.
2. Shell and Sunlink Energies reached final investment decision to develop the HI field, which will supply up to 350 million standard cubic feet of natural gas per day to Nigeria LNG.

NORTH AMERICA

United States

1. Gulf Coast gas demand expected to rise as Golden Pass LNG nears production from Train 1 by year-end, completing commissioning. North America’s LNG export capacity projected to more than double to 28.7 Bcf/d by 2029.
2. Texas oil executives showed interest in small next-generation nuclear reactors to meet booming power demand, marking a shift toward hybrid energy solutions.
3. National gas prices are dropping, potentially reaching $3 per gallon for the first time in four years.
4. NextDecade approved construction of Train 5 at Rio Grande LNG with expected production capacity of approximately 6 million tonnes per annum (MTPA), bringing total capacity under construction to approximately 30 MTPA.
5. Crude oil stocks (excluding SPR) stood at 423.8 million barrels on October 10, showing a week-on-week increase according to EIA’s weekly petroleum status report.
6. The US Energy Information Administration raised crude oil production forecasts for both 2025 and 2026 in its latest short-term energy outlook.
7. Between October 9-16, 32 LNG carriers sailed from US export terminals with combined capacity of 122 billion cubic feet, with Sabine Pass leading departures (8 vessels).
8. Baker Hughes secured a contract from Bechtel Energy to supply liquefaction equipment for Phase 2 of Sempra’s Port Arthur LNG project in Texas, supporting 13 MTPA nameplate capacity.

Canada

1. Discussions on viability of LNG exports via revitalized Churchill port, though experts note feasibility challenges due to climate and economics.
2. U.S. investors are increasingly eyeing the Canadian oilpatch due to favorable economics and political rhetoric shifts.
3. Alberta announced a major new US pipeline deal to enhance export capacity.

Alaska

1. Alaska LNG promises energy security for Japan but faces cost challenges requiring government support.

SOUTH AMERICA

Brazil

1. Petrobras advances LNG initiatives with investments in pre-salt projects.
2. Equinor and partners launched production at Bacalhau in Brazil’s offshore Santos basin, marking the biggest field the Norwegian energy company has developed overseas.

General South America

1. Americas LNG Summit in Lake Charles discusses regional importance, with focus on export growth.

Guyana

1. ExxonMobil hired SBM Offshore to build an FPSO for its sixth offshore oil development, advancing production in the region.
2. Guyana positioned as an upcoming star in South American offshore oil amid Brazil’s rise and Venezuela’s decline.

Colombia

1. Ecopetrol launched a bidding process for a new LNG regasification plant at its proposed Coveñas terminal, including an FSRU capable of importing 400 million cubic feet per day of gas by 2030, with contractor selection planned by year-end.

EUROPE

EU-wide

1. EU states agreed to end Russian gas imports (pipeline and LNG) by end of 2027, with full ban from Jan 1, 2028, under REPowerEU plan. Negotiations ongoing for earlier LNG ban.
2. EU vowed to curb costs in the new carbon market for buildings and transport starting 2027.
3. Several nations pushed for a delay to the controversial ETS2 carbon market to 2030.
4. Plans backed to gradually ban Russian oil, gas, and LNG imports from next year.
5. Proposed maritime declaration to inspect Russia’s shadow fleet to curb oil revenue funding Ukraine war.
6. Move to cut Russian gas supplies to Hungary and Slovakia, which paid €5.58 billion in 2025.

Poland

1. Poland seeks binding bids to expand floating LNG terminal near Gdansk, increasing capacity.
2. Poland’s Świnoujście terminal received its 63rd cargo of 2025, surpassing the previous annual record of 62 shipments set in 2024, attributed to terminal expansion and energy security priorities.

Croatia

1. LNG Hrvatska plans to operate upgraded FSRU from Oct 26, enhancing import capabilities.

UK

1. QatarEnergy begins long-term LNG operations at Isle of Grain terminal.
2. An extra 1.1 billion barrels of recoverable oil discovered in the North Sea, with resources rising 31% after the latest licensing round, potentially inflaming debates on drilling bans.
3. Britain blacklisted state-run oil giants Rosneft and Lukoil and targeted Chinese firms handling Russian energy for the first time, expanding sanctions on Russian oil trade.
4. GB Energy launched the Aberdeen Energy Taskforce to help ensure the wealth of skills and experience developed in oil and gas fuels Britain’s next generation of clean energy industries.

Norway

1. Equinor restarted its Hammerfest LNG export plant (Melkoeya LNG) following an unscheduled production outage caused by an overheating electrical transformer. The facility accounts for roughly 5% of Norway’s gas exports with 6.5 bcm annual capacity.

Germany

1. Germany’s DET LNG Terminal Wilhelmshaven 1 completed scheduled maintenance and repair work from October 6-10, with operations deliberately scheduled before winter to ensure smooth operations.

CHINA

1. China’s thermal power output fell 5.4% in September, with fossil-fueled generation down 1.2% year-to-date; renewable expansion continues. Coal and steel production shrank amid slumping demand.
2. Crude oil surplus dropped amid a refining surge, with refining up 6.8% and daily rates at two-year highs as teapot refiners restarted.
3. Crude oil storage flows slumped in September due to lower imports and higher processing.
4. China increased oil imports amid concerns over US restrictions and sanctions on Russia/Iran.
5. A shipment of Russian LNG arrived at a Chinese terminal for the first time since the UK sanctioned the port facility, highlighting Beijing’s continued appetite for Moscow’s energy supplies despite Western sanctions.

RUSSIA

1. Ukrainian drones caused fire at Russian gas plant; EU’s phase-out impacts 13% of imports worth €15B annually. Sanctioned LNG ship-to-ship transfer attempted off Malaysia.
2. Ukrainian strikes continued on Russian oil and gas plants as part of the energy war, with Russian attacks on Ukrainian coal mines.
3. Trump’s pressure on India to stop Russian oil imports may push supplies further into shadow markets.
4. US is ready to replace Russian oil and gas supplies to Europe, per Zelenskyy.

MIDDLE EAST

Egypt

1. Egypt usurped Kuwait as Middle East’s biggest LNG importer, receiving 6.46M tons in 2025 amid surging demand.
2. Egypt announced plans to drill 480 exploration wells across several regions as part of a $5.7 billion investment program aimed at boosting domestic oil and gas production.
3. The Automatic Fuel Pricing Committee raised prices for all types of gasoline, diesel, and CNG. 95 Octane now costs EGP 21.00 per liter (up from EGP 19), with the government pledging to freeze prices for at least one year.
4. Egypt is planning to build a new LNG liquefaction and storage terminal in Port Said to supply fuel for Suez Canal Authority locomotives.

Qatar

1. QatarEnergy commences long-term LNG at UK’s Grain terminal; North Field East expansion output mid-2026.
2. Qatar is entering the world’s next LNG expansion phase with approximately 88 bcm/y of new capacity, making it the second-largest expansion globally after the US.

Kuwait

1. Kuwait imported 6.44M tons LNG in 2025, overtaken by Egypt.
2. Kuwait unveiled a significant offshore discovery with initial tests from the Jazah-1 well revealing exceptional production exceeding 29 million cubic feet of gas per day and more than 5,000 barrels per day of condensate.
3. Indian conglomerate MEIL secured a major contract worth KD69.23 million ($226 million) from Kuwait Oil Company for a new gas sweetening facility at West Kuwait’s oilfield.

Saudi Arabia

1. Saudi Arabia’s Aramco is shifting attention to strategic projects as the kingdom adapts its investment approach amid rising regional challenges.
2. Saudi Arabia and Kuwait are ramping up efforts to develop the Dorra gas field, a significant offshore project aimed at boosting regional gas production capacity.

UAE

1. Abu Dhabi National Oil Company (ADNOC Gas) has successfully sold 80% of contracts from its Ruwais LNG project under a 20-year supply deal, with the company planning to contribute nearly $24 billion in dividends by the end of the decade.
2. Leading UAE bank Emirates NBD announced plans to acquire a majority stake in RBL Bank through a $3 billion primary infusion, marking the largest FDI in India’s banking sector to date.

Algeria

1. Algeria’s Sonatrach signed a 30-year exploration and production contract with Midad Energy for the Illizi South area, expecting total investment of $5.4 billion and resources of 993 million barrels of oil equivalent.

Turkey

1. State-backed Turkish Petroleum Pipeline Corporation (Botas) signed a 20-year LNG supply deal with commodity trader Mercuria for 70 billion cubic metres (4 bcm per year) of natural gas from US sources, with deliveries starting in 2026.

Gulf Countries

1. Major Gulf stock markets subdued due to weak oil prices amid global supply glut fears and US-China tensions.

AUSTRALIA

1. Manufacturers demand cheap gas amid export debates; natural gas to drive Northern Territory growth with projects like Santos’ Barossa supplying Darwin LNG.
2. Iberdrola purchased the 270-MW, 1,080-MWh Tungkillo battery energy storage project in South Australia from RES Australia.
3. EDP’s unit won the bid for 1.7GW solar and battery hybrid projects in Australia, expected to produce 2.2 terawatt-hours of clean energy annually.
4. Aberdeen-based EnerMech secured a contract for subsea pre-commissioning services for the East Browse offshore gas development, involving an FLNG located off Western Australia’s northwest coast. The Browse project involves Australia’s largest untapped conventional gas resource.
5. Beach Energy reported increased oil production in the September quarter, with updates on its Waitsia gas project.