Asia

• Pakistan

  • QatarEnergy to meet Pakistan State Oil (PSO) next week to discuss Islamabad’s request to reduce LNG shipments.
  • Government unveils a 3-year subsidized electricity package providing power at Rs22.98/unit for industry and agriculture until October 2028.
  • Power consumers may receive Rs0.368/unit relief in November bills following a CPPA-G petition.
  • NEPRA to review K-Electric’s multi-year tariff; Power Division called the move a landmark for regulatory fairness.
  • Federal Minister for Energy (Petroleum Division) Ali Pervaiz Malik attended IMARC 2025 and held high-level meetings.

• India

  • Oil marketing companies slipped after refiners reviewed Russian crude supplies following new US sanctions on Rosneft and Lukoil.
  • Petrobras agreed to supply India’s HPCL with up to 6 million barrels under a one-year deal.
  • Reports indicate a potential US-India trade deal could tie tariff reductions to India cutting Russian oil imports.

• Japan

  • Government says replacing LNG from Russia’s Sakhalin-2 would be extremely costly and challenging for energy security.
  • JERA acquired US shale gas assets for $1.5 billion to secure long-term natural gas supplies.

• China

  • China continues importing Russian LNG despite new sanctions and remains a major driver of global LNG volumes (near a quarter of global LNG in 2025).
  • Canadian oil exports to China are on pace for record levels.

• Malaysia

  • Petronas Carigali signed an MoU with OQ Exploration & Production New Ventures to pursue exploration and production opportunities across the Middle East and Southeast Asia.
  • Viridien and Malaysia Petroleum Management finalizing a geological study on the Langkasuka Basin.

• Vietnam

  • A Nature Geoscience study on offshore oil found organic markers consistent with fossil deposits, supporting biogenic origins.

• Indonesia

  • PT GTS Internasional purchased the LNGC ‘Methane Jane Elizabeth’ (to be renamed ‘Danaputri 1’).

Africa

• Nigeria

  • NNPC averaged about 1.37 MMbpd crude production over the first nine months of 2025.

• Egypt

  • Egypt plans to buy more oil products for power generation to free up gas for LNG exports and meet obligations to foreign operators.
  • Exported 150,000 cubic meters of LNG from Idku to Turkey.
  • Announced new oil and gas discoveries adding ~5,000 barrels of oil and ~42 mmscf/d of gas; 18 discoveries from July–October 2025 with several integrated into production.
  • Signed commercial gas transport agreements with Cyprus for Cypriot Cronos field gas.

• Algeria

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

• Namibia

  • BP confirmed a significant gas condensate discovery at Volans-1X in the Orange Basin.

• Gabon

  • ExxonMobil signed an exploration agreement with Gabon’s petroleum ministry to explore oil and gas.

• Uganda

  • EACOP partners with the Asset Management Institute to prepare for forthcoming oil production, focusing on infrastructure management.

North America

• United States

  • President Trump said India’s PM agreed to wind down purchases of Russian oil.
  • EIA: US crude stocks (excluding SPR) at 423.8 million barrels (week to Oct 10).
  • 32 LNG carriers sailed from US export terminals (Oct 9–16) carrying ~122 bcf capacity.
  • NextDecade approved Rio Grande LNG Train 5 (~6 MTPA), bringing the project’s expected under-construction capacity to ~30 MTPA.
  • VoltaGrid formed a data center power partnership with Halliburton; VoltaGrid selected to supply Oracle Cloud Infrastructure data center power (2.3 GW ultra-low-emissions infrastructure).
  • Phillips 66 and Kinder Morgan plan the first-ever California-bound fuel pipeline.
  • New Mexico and Wyoming governors proposed routes to deliver Rocky Mountain gas to meet domestic and Japanese demand.
  • Enbridge began construction on the $1.1 billion Ridgeline pipeline expansion in Tennessee to support LNG export demand.
  • Woodside secured a $1.9 billion investment from Williams for its Louisiana LNG project.
  • Controversy at a Texas LNG ‘company town’ raised scrutiny over tax breaks for Freeport LNG.

• Canada

  • Non-OPEC+ supply growth led in part by Canada; world oil supply projected to rise in 2025.

South America

• Brazil

  • Petrobras to supply oil to India’s HPCL under a one-year agreement.
  • Petrobras discovered oil traces in the Agua Marinha Block in the Campos Basin.

• Colombia

  • Ecopetrol opened bidding for a new LNG regasification plant at Coveñas (FSRU capacity target ~400 mcf/d by 2030).
  • Signals of policy shift more favorable to fossil fuels.

• Guyana

  • Contributed to forecasts of non‑OPEC+ supply growth in 2025.

• Suriname

  • Pushing offshore oil development with many projects planned by 2027.

Europe

• European Union

  • EU energy ministers agreed a joint position to ban Russian gas imports by end-2027 as part of the 19th sanctions package; package also targets specific entities and includes phased measures on Russian LNG.
  • Sanctions and directives prompted warnings from the US and Qatar about potential impacts on LNG supplies.

• United Kingdom

  • Centrica and Energy Capital Partners to buy the UK’s Grain LNG terminal after CKI withdrew; deal value ~£1.5 billion.
  • Government emphasis on credible energy policy balancing costs and green priorities.
  • Shell LNG Gibraltar to switch terminal operations to a new operator with handover expected in November 2025.

• Norway

  • Var Energi expects oil supply/demand to stabilize next year.
  • Equinor started production at Bacalhau offshore Brazil (its largest overseas field).

• Poland

  • Świnoujście terminal set a new annual record for LNG deliveries (63rd cargo).

• Germany

  • Deutsche Energy Terminal conducted scheduled maintenance at Wilhelmshaven LNG terminal (Oct 6–10).

• Spain

  • Repsol plans to link 805-MW wind farms to a Zaragoza plant and connect to a proposed third‑party data center.
  • Iberdrola reported 6% growth in power distribution, distributing ~189,000 GWh Jan–Sep.

• Gibraltar

  • Shell LNG Gibraltar to change O&M provider from Molgas Energy to px (Gibraltar) Ltd.

Middle East

• Qatar

  • Qatar warned the EU alongside the US that certain climate directives risk disrupting LNG supplies; QatarEnergy to meet PSO regarding Pakistan’s LNG shipment reduction request.

• Saudi Arabia

  • Acwa Power affiliate achieved financial close (~SAR10.8bn / $2.9bn) for Qurayyah CCGT IPP Expansion Project (3,010 MW).
  • OPEC Secretary‑General projected oil demand to reach ~123 mb/d by 2050, with oil ~30% of the energy mix.

• United Arab Emirates

  • First Abu Dhabi Bank posted record nine‑month profit (AED16.02bn).
  • Masdar signed a $1bn deal with Turkey for energy cooperation.

• Oman

  • OQEP signed an MoU with Petronas Carigali International Ventures for joint exploration and production opportunities.

Oceania

• Australia

  • Woodside raised 2025 production guidance (now 192–197 MMboe) and took a $1.9bn investment from Williams for a Louisiana LNG project.
  • Santos downgraded quarterly production projection due to BW Opal FPSO delays and flood impacts in the Cooper Basin.
  • EnerMech (Aberdeen) won an offshore gas contract for Woodside’s Browse joint venture.
  • Australia signed critical minerals deals with the US to counterbalance China.

• New Zealand

  • Government to relax climate reporting rules over business cost concerns.

Russia

• Russia
  • Moscow criticized the EU’s LNG import ban as self‑destructive and downplayed immediate sanctions impact; oil futures tightened after US sanctions on Rosneft and Lukoil, lifting prices.

Global / Industry-wide

• Global coal consumption reached an all‑time high in 2024 even as renewables expanded strongly.
• Oil prices rebounded from five‑month lows after a 4.2 million barrel drop in US petroleum stockpiles; WTI and Brent closed higher on Oct 22, 2025.
• US and Qatar warned the EU about climate directives that could risk LNG supplies.
• Venture Global advanced talks to ship more LNG cargoes from Plaquemines to Ukraine’s DTEK as Ukraine seeks to secure energy ahead of winter.
• Ukraine’s Energy Minister aims to increase gas imports by 30% and is considering boosting LNG imports.
• Global LNG export expansion continues, with multiple US terminals and new projects supporting rising export volumes and strategic flows to markets including Europe and Asia.