ASIA

China

• China’s LNG imports remain subdued through winter due to an oversupply of fuels like diesel and gasoline, with September imports dropping 15% year-on-year and a 17% decline for 2025 so far.
• China received its tenth LNG cargo from Russia’s Arctic LNG 2 project despite Western sanctions, with the tanker Arctic Mulan delivering the load.
• China’s coal and gas power generation fell 5.4% in September due to surging hydropower.
• China’s crude oil surplus dropped amid a refining surge, reducing excess to 570,000 bpd.
• China’s rare earth magnets exports slumped 6.1% amid market crunch fears.
• A sanctioned China port received Russian LNG for the first time since the UK sanctioned the port facility, underscoring Beijing’s appetite for Moscow’s energy supplies.
• Three supertankers headed for Rizhao port are looking for alternative berths, following US sanctions on the terminal that handles around 10% of China’s oil imports.

Vietnam

• Vietnam announced an aggressive LNG expansion plan, targeting 15 GW of LNG-fired power by 2030 and 50 GW by 2050, though experts view it as unrealistic due to high costs and grid issues.
• Global gas turbine shortages are adding challenges to LNG development in Vietnam and the Philippines.

India

• India’s LNG imports rose in September, indicating stronger demand amid regional energy needs.
• U.S. President Trump threatened “massive tariffs” on India unless it stops buying Russian oil, amid claims that India has halved imports.
• Reliance Industries boosted Middle East crude purchases as an alternative to Russian oil.
• India issued 3.6 GW of new renewable energy tenders, with the country adding nearly 30 GW of solar and wind capacity as of August.

Japan

• Japan is balancing US pressure to reduce Russian LNG imports while maintaining supplies from Sakhalin-2, which provide 9-10% of its total LNG, to avoid higher electricity prices.
• Japan is resisting U.S. pressure to halt Russian energy imports, with the industry minister stating that decisions will be made in the national interest.
• JERA and Hawai’i partnered for energy transition, signing a collaboration agreement focusing on fuel diversity and developing pathways toward decarbonization.

South Korea

• South Korea selected BP as a partner for developing a deepwater gas reserve in the East Sea, aiming to explore and potentially extract significant reserves.

Indonesia

• PT GTS Internasional (GTSI) purchased the LNGC ‘Methane Jane Elizabeth’ for $24.5 million, to be renamed ‘Danaputri 1’.
• Supreme Energy is building a second geothermal plant in West Sumatra, with an 80-MW unit scheduled to start operating in October 2027.

General Asia

• Abaxx reported growing trading activity in North Pacific-Asia LNG futures, with participation in physically-backed forward curves.
• MENA economic growth projected at 3.2% in 2025, up from 2.1% in 2024, with strong economic activity in the region and Pakistan.
• ASEAN and UK launched clean energy pillar of green transition fund to channel more investment to boost the energy shift in the region.
• ASEAN could save $2.3B by 2040 with smart grid investments, with Indonesia, Vietnam, and the Philippines facing the highest investment needs.

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AFRICA

South Africa

• Kinetiko Energy reported successful gas flow tests from its pilot LNG project, advancing small-scale LNG production potential.

Republic of Congo

• Republic of Congo passed a new gas code to attract investment, with a floating LNG unit expected in November.

Namibia

• BP confirmed an oil and gas discovery at the Volans well in Namibia’s Orange Basin, marking its 11th discovery of 2025.
• Portugal’s Galp is in advanced talks to sell a 40% stake in its Mopane field in Namibia, expecting a partner by year-end.

Nigeria

• Dangote Refinery announced over 310 million liters of petrol ready for loading, signaling increased domestic production capacity and potential relief for fuel shortages.
• Major African LNG projects in Nigeria and Mozambique are nearing FID amid tight global markets.

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.
• Major African LNG projects in Mozambique and Nigeria are nearing FID amid tight global markets.

General Africa

• BP is anchoring the West Africa Energy Summit 2025, driving LNG expansion in Mauritania, Senegal, and Mozambique.
• African Energy Week key takeaways highlight progress in energy projects across the continent.

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NORTH AMERICA

United States

• North America’s LNG export capacity is projected to more than double by 2029, from 11.4 Bcf/d to 28.7 Bcf/d, driven by US projects.
• Venture Global sought FERC approval to introduce gas into the final block of Plaquemines LNG plant.
• LNG exports are providing a lifeline to US coal plants amid surging coal and renewable generation in 2025’s first three quarters.
• US natural gas exports to Mexico hit records, averaging 7.5 Bcf/d in May 2025.
• Warnings of “irrational exuberance” in FID decisions risking a prolonged LNG supply glut.
• The 800-mile Alaska LNG pipeline FEED study is on track for completion by year-end, advancing the $43-44 billion project.
• Key Alaska LNG pipeline study to be completed this year per US Interior Secretary.
• New Mexico and Wyoming governors proposed new gas routes to serve US and Asian markets, including power generation and LNG exports.
• Kinder Morgan and Phillips 66 plan a new Texas-to-West Coast fuel pipeline.
• Republicans declared ‘Coal Week’ to promote expanded coal production, aligning with a fossil-fuel agenda.
• NextDecade approved Rio Grande LNG Train 5 with expected LNG production capacity of approximately six MTPA.
• North America added six rigs week on week, according to Baker Hughes’ latest North America rotary rig count.
• Railroad Commission of Texas announced members of Petroleum Theft Task Force to fight petroleum theft in the Texas energy industry.
• AEP secured $1.6B DOE loan guarantee for grid upgrades to upgrade nearly 5,000 miles of transmission lines across five states.
• USA crude oil stocks rose week on week, with stocks standing at 423.8 million barrels on October 10.
• EIA raised US crude oil production forecasts for 2025 and 2026 in its latest short term energy outlook.
• Oracle tapped VoltaGrid for data center power infrastructure, deploying 2.3 GW of ultra-low-emissions infrastructure.
• Venture Global is advancing talks to ship more LNG cargoes from its Plaquemines terminal to Ukraine’s largest private energy company DTEK.

Mexico

• US natural gas exports to Mexico hit records, averaging 7.5 Bcf/d in May 2025.

Canada

• Chinese oil exports to Canada are on pace for a record month.
• Cenovus acquired 8.5 percent of MEG’s common stock through open trading, even as its takeover offer for the pure-play oil sands producer progresses.
• MEG Energy delayed its shareholder vote on Cenovus takeover, citing insufficient support.

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SOUTH AMERICA

Brazil

• BW’s FSRU completed its 25th ship-to-ship LNG transfer, supporting GNA II operations.
• Petrobras will supply India’s HPCL up to 6 MM oil barrels with a one-year agreement, expanding to India’s three main state-owned refiners.
• Equinor started production in Bacalhau offshore Brazil, the biggest field it has developed overseas.

Venezuela

• Venezuela is reviving coal production as oil remains sanctioned, focusing on mining to generate revenue and support energy needs.

Guyana

• Guyana’s oil exports are boosting long-haul flows to Asia, contributing to global supply increases as production ramps up.

Colombia

• Colombia is poised for an about-face in its energy policy approach.
• Colombia’s Ecopetrol opened a bidding process for a new LNG regasification plant at its proposed Coveñas terminal, planning to select a contractor by year-end.

General South America

• NextDecade reached FID on Train 5 at Rio Grande LNG.
• Americas LNG Summit & Exhibition set for October 19-21, 2025, in Lake Charles.

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EUROPE

European Union

• The EU Council agreed to phase out all Russian natural gas imports (pipeline and LNG) by 2028, with energy ministers backing the plan.
• The EU vows to curb costs in its new carbon market for buildings and transport, addressing concerns over affordability in the emissions trading system.

Serbia

• Serbia warned of a gas crisis due to the EU transit ban threatening Balkan Stream supplies.

Czechia

• Czechia offered gas support to Slovakia amid the Russian ban advancement.

Poland

• Gaz-System opened a new Warsaw pipeline, enhancing gas infrastructure.
• A Polish court denied extradition of a Nord Stream suspect, saying the destruction of the pipeline was justified by Russia’s attack on Ukraine.
• Poland set a new record for LNG deliveries, with the Świnoujście terminal receiving its 63rd cargo, surpassing the previous annual record of 62 shipments set in 2024.
• Poland’s ORLEN completed its first delivery of 100 million cubic meters of LNG to Japan.

United Kingdom

• QatarEnergy started using capacity at the UK’s Isle of Grain LNG terminal, the largest in Europe.
• BP confirmed 11 exploration discoveries in 2025 across several basins, demonstrating continued exploration success.
• Britain blacklisted state-run oil giant Rosneft and Lukoil and targeted Chinese firms that handle Russian energy for the first time.
• GB Energy launched Aberdeen Energy Taskforce to ensure skills and experience developed in oil and gas fuel Britain’s clean energy industries.
• More than 100 UK energy supply chain companies called for Energy Profits Levy reform.

Spain

• Spain’s gas demand skyrocketed after a major blackout, with power plants burning more gas.
• Iberdrola posted 6% growth in power distribution in first 9 months, distributing nearly 189,000 gWh.
• Iberdrola acquired 270 MW BESS project in South Australia, the 270-MW, 1,080-MWh Tungkillo project.

Portugal

• Portugal’s Galp is advancing talks with oil majors for a 40% stake in Namibia’s Mopane field, aiming to finalize by year-end.

Norway

• Equinor restarted its Hammerfest LNG export plant following an unscheduled production outage, Europe’s largest LNG export terminal.

France

• GTT received orders for LNG carrier tank design, with delivery scheduled for the first quarter of 2028.

Germany

• Deutsche ReGas signed long-term commitments for regasification capacity with BASF and Equinor.
• Deutsche Energy Terminal (DET) conducted scheduled maintenance at LNG Terminal Wilhelmshaven, with the FSRU ‘Hoegh Esperanza’ remaining at berth during maintenance.

Gibraltar

• Shell LNG Gibraltar (SLGL) is to switch the operations and maintenance of Gibraltar’s LNG terminal from Molgas Energy to px (Gibraltar) Ltd, with completion anticipated in November 2025.

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RUSSIA

• Russia’s Arctic LNG 2 loaded another tanker, continuing exports despite sanctions.
• Sanctions impact on Russia’s shadow fleet assessed, with crude exports hitting seasonal highs.
• Western pressure expected to affect Asian buying of Russian oil from December.
• Russia’s crude shipments climbed near post-invasion highs at 25.88 million barrels weekly, as refineries restart.
• A sanctioned tanker conducted a rare, risky LNG ship-to-ship transfer off Malaysia.
• Perenco CEO looks to enter new countries with expansion plans.
• Ukraine claimed a strike on Rosneft PJSC’s Saratov refinery.

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MIDDLE EAST

Qatar

• QatarEnergy began long-term LNG operations at UK’s Isle of Grain terminal.
• Qatar’s hydrocarbon earnings account for 83% of government revenues.

Egypt

• Egypt overtook Kuwait as the Middle East’s largest LNG importer, with 6.44 million tons imported in 2025.
• Egypt is planning to build a new liquefied natural gas (LNG) liquefaction and storage terminal in Port Said.
• Halliburton and Aker BP successfully completed the first subsea operation on the Norwegian continental shelf using advanced systems.
• Egypt raised fuel prices, with 95 Octane Gasoline now EGP 21.00 per liter compared to EGP 19.

Oman

• Oman’s commodity trading firm is pursuing LNG expansion.
• Oman’s Public Establishment for Industrial Estates (Madayn) launched the tender for Phase I of Al Suwaiq Industrial City.

Iraq/Kurdistan

• Kurdistan’s oil exports topped 200,000 bpd under a fragile new deal with Baghdad, signaling improved relations.

Yemen

• A tanker explosion off Yemen deepened Red Sea security fears for LPG trade, highlighting risks to shipping routes.

Kazakhstan

• A Ukrainian strike on Russia’s Orenburg plant exposed Kazakhstan’s heavy gas reliance on Russian infrastructure.

Saudi Arabia

• Acwa Power announced financial close for Qurayyah CCGT IPP Expansion Project in the Eastern Province of Saudi Arabia, with a SAR10.8 billion ($2.9 billion) deal.
• Riyad Capital and Saudi Railway set up a SAR6 billion ($1.6 billion) real estate fund for a mixed-use project in Makkah.

United Arab Emirates

• Emirates NBD announced plans to acquire a majority stake in RBL Bank, one of India’s leading listed private sector banks, through a $3 billion primary infusion.
• AMD signed a strategic collaboration with Kerno, a UAE-based enterprise infrastructure provider.
• IHC plans to merge its flagship companies into a single investment powerhouse valued at AED120 billion ($32.68 billion).

Bahrain

• Diyar Al Muharraq signed AtkinsRéalis as the lead consultant for construction of two power transmission stations.

Algeria

• PETROJET secured a $1.08 billion contract to develop the second phase of Hassi Bir Rekaiz oil field in Algeria.

Azerbaijan

• Saipem and SOCAR bagged BP contracts for Shah Deniz Compression project in Azerbaijan.

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AUSTRALIA & OCEANIA

Australia

• CS Energy and Senex signed a gas offtake deal, with Senex’s expansion to deliver 60 PJ/yr by end-2025.
• Santos’ GLNG facility will stop purchasing domestic gas by 2027.
• Victoria blames east coast gas crisis on Gladstone LNG.
• Gladstone dredging issues warn Geelong against opposing an LNG terminal.
• Beach Energy has mixed fortunes, nearing first gas at Waitsia plant in Western Australia.
• Woodside’s Louisiana LNG plant continues to make progress on construction.
• Santos posted lower quarterly production and narrowed 2025 projection due to slower-than-anticipated startup of BW Opal FPSO and flood impacts on Cooper Basin production.
• Tamboran and its partners completed the biggest drilling campaign in the Beetaloo basin onshore Australia’s Northern Territory.
• EnerMech won a contract involving a major offshore gas development for East Browse development off Australia’s northwest coast.
• EDP’s unit won a bid for 1.7GW solar and battery hybrid projects in Australia, expected to produce 2.2 terawatt per hour of clean energy annually.
• Australia and the U.S. signed a $2 billion critical minerals deal to challenge China’s dominance in rare earths, including a $100 million injection into the Arafura project.

New Zealand

• Monumental agreed to fund New Zealand Energy’s share of workover costs to restart flows at several wells in the Waihapa/Ngaere field.

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