PakESDA

Pakistan Energy Systems Data Aggregator

Daily Energy News | Oct 28, 2025

TotalEnergies plans to resume Mozambique’s $20B LNG project, Saudi Arabia extends $1B oil facility to Pakistan, Russia faces sanctions on Lukoil assets, US LNG boom raises domestic energy costs, and Asian nations advance renewable energy initiatives.

October 28, 2025

Here is the latest LNG, oil, gas, power and energy news from around the globe.

News Desk @ Doha, Toronto, Islamabad & London.

Asia

Pakistan

Gas prices likely to rise in Pakistan as SNGPL, SSGC seek major hike for FY2025-26
73% foreign investors view Pakistan as viable FDI destination: OICCI survey
Pakistan Moves to Cut Energy and Interest Costs to Spur Industrial Growth
Saudi Arabia Extends $1 Billion Oil Facility and Rolls Over $5 Billion Deposits to Support Pakistan
LESCO Partners with Chinese Firm Liyang for Smart Metering and Energy Innovation
PM Orders Immediate Review of Revised Net Metering Buyback Rates in Coordination with NEPRA
Nishat Chunian Power profit falls 62% as revenue, margins shrink
Kohat Cement net profit dips 14% as input cost inflation overwhelms steady sales
Lucky Cement net profit climbs 19% on robust revenue and plunging finance costs
Bank Makramah Limited posts nine-month profit before tax of PKR 1.75 billion
PSX sheds 2,063 more points to close at 160,101.03
Pakistan, Canada eye collaboration in mineral, LNG sectors

China

WTI Oil Eases as Hopes a U.S.-China Trade Agreement Will Boost Growth Balance an Over-Supplied Market
Queue times for commodity vessels off Chinese ports hit highs not seen since 2022
Chinese premier urges joint efforts with ASEAN to fend off external disruptions
China passes its newly revised Maritime Law
China’s digital RMB transactions top 14.2 trillion yuan
World’s tallest-dam pumped-storage hydropower plant fully operational in E China
China unveils first batch of firms listed on SSE’s sci-tech growth tier
China ready to strengthen multilateral coordination with Malaysia — premier

India

Energy security push! India plans 10% mandatory LNG extra reserve; aims cost-effective buffer for price, supply shocks
India’s first ship-to-ship LNG bunkering facility to come up at Vizhinjam – The Hindu
BPCL, Oil India to build $11 billion refinery, petchem complex in southern state
India markets regulator proposes measures to ease mutual fund fee structures
India’s Adani Total Gas reports lower profit as pricey imports lift costs
India’s Tata Capital posts quarterly profit rise in first earnings since listing
India’s TVS Motor profit jumps on exports, tax-cut fueled demand
Indian Oil Corp will not completely avoid Russian crude purchases, exec says
India’s HPCL issues fuel import tenders after disruptions at Mumbai refinery, sources say
Hindustan Petroleum says HOECL’s crude hit Mumbai refinery ops, to seek damages
Govt extends OALP-X oil, gas block bid round for second time
Indian refiners scout smaller suppliers as US sanctions squeeze Russian oil trade
Indian refiners pause new Russian oil orders, await clarity
India’s US crude imports for Oct highest since 2022
After RIL, IndianOil says it will abide by all sanctions
LNG terminals may need to raise storage 10%

Indonesia

Indonesia’s palm oil industry becomes investment magnet
Indonesia reports strong job, investment growth
Indonesia resumes int’l carbon trading after 4-year hiatus
Indonesia’s Amman Mineral to get permit to export copper concentrate, energy ministry says
China’s Pacific Construction eyes urban, infrastructure projects in central Vietnam

Japan

US, Japan leaders sign nuclear power deal ahead of Trump-Xi meeting
Japan pledges $550 billion to US to strengthen economic ties

Kazakhstan

Kazakhstan Faces Tough Choice Over Sanctioned Lukoil’s Assets
Kazakhstan to address Western sanctions against Russian oil producer Lukoil

Malaysia

US Treasury gets currency intervention disclosure commitments from Thailand, Malaysia
Singapore grants conditional approval for 1GW low-carbon power import from Malaysia

Philippines

Philippines unlikely to add new LNG terminal near-term on excess capacity

Singapore

PIL expands LNG fleet with delivery of Kota Orkid

Thailand

US Treasury gets currency intervention disclosure commitments from Thailand, Malaysia

Vietnam

Vietnam, Russia to speed up agreement for construction of nuclear power plant
Nokia, VNPT expand partnership to upgrade Vietnam’s radio infrastructure
Private firms encouraged to invest in digital infrastructure per Vietnam government’s new decision
Petrovietnam’s arm PTSC posts 140% profit surge in Q3 on higher deposit income
Investors urge Vietnam to fix legal hurdles to LNG power projects
Intel eyes shifting more production to Vietnam
Foxconn unit ShunYun injects extra $15 mln into northern Vietnam subsidiary
DNP Water, Samsung E&A launch $69 mln inter-regional water project in Vietnam’s Mekong Delta
Sumitomo makes first hydropower investment in Vietnam
Vietnam’s economy expands 7.85% in 9 months, industrial sector 8.55%
Vietnam’s FDI capital disbursement in Jan-Sept hits five-year high; disbursement hits five-year high amid global decline

Middle East

Egypt

QatarEnergy Joins North Rafah Exploration Block in Egypt
Egypt’s Suez Canal Authority signs $2bln petrochemical complex deal
Egypt, Eni Sign Agreement to Produce Biogas from Agricultural, Animal Waste

Iraq

Iraq signs agreement for floating natural gas platform with Excelerate Energy
US firm lands $450 million job for floating LNG terminal in Iraq
Iraq’s oil exports at 3.6mln bpd, not affected by Zubair oilfield fire, minister says

Jordan

Firms submit Jordan phosphate rail bids

Kuwait

Petrofac’s financial problems could delay Kuwait oil projects
KJO awards Dorra gas project offshore package contract

Oman

Oman’s electricity transmission operator OETC prices its $750mln 5-year green sukuk

Qatar

Qatar Gas Transport Nakilat QPSC : Nakilat reports QAR 1.31 billion net profit for the third quarter of 2025, an increase of 3.0%
Newbuild Vessel Pair Joins QatarEnergy’s Growing LNG Fleet
QatarEnergy Acquires 40% Stake in Offshore North Rafah Block

Saudi Arabia

Saudi Arabia awards 4.5GW of solar and wind projects
Aramco closes $11bn lease deal for Jafurah gas assets
Saudi minister: Non-oil sector now drives 56% of Kingdom’s real GDP
Indian firms eye Saudi petrochemical investments, refining ventures
TotalEnergies-led consortium awarded 400 megawatt solar project in Saudi Arabia

UAE

Aldar announces new asset development plan
UAE breaks ground on world’s first and largest 24/7 solar PV and BESS project
Adnoc Drilling revenue up 27% to $3.63bn
Adnoc Drilling says long-term strategy shields it from fluctuating oil prices

Regional Middle East

Petrofac collapse could impact $5.83bn of Mena projects
Petrofac files for administration
OPEC+ leaning towards another small oil output increase, sources say
Oil dips as OPEC output plans offset US-China trade optimism

Africa

Angola

Huawei Invests in Angola’s Digital Future with New R&D Hub and Training Programmes

Mozambique

TotalEnergies Confirms Plan to Resume $20 Billion LNG Project in Mozambique | MarketScreener
TotalEnergies Seeks 10-Year Extension On Mozambique LNG Project — TradingView News
Mozambique bonds rise after TotalEnergies lifts force majeure on LNG project

Regional

Dubai Hosts UAE–Africa Tourism Summit to Boost Investment and Sustainable Growth

Europe

European Union

Europe gas prices stable, finding floor at key technical zone

Netherlands

TenneT completes 700 MW grid connection program as Dutch offshore grid receives readiness certificate
Echandia to supply battery systems for Spliethoff Group’s eco-friendly cargo ships

Norway

Danish firm to supply new patrol boats to Norwegian Customs Service

Spain

Topsoe’s SOEC technology picked for Forestal’s Triskelion e-methanol project in Spain
Canary Islands name wave-powered desalination project of strategic importance

United Kingdom

Picarro Launches the P-Cubed Mobile App, Putting Smarter Natural Gas Leak Investigations in Field Technicians’ Hands
ABB to power CMAL’s 7 new all-electric ferries
UK’s new offshore wind cable testing facility to speed up nationwide production
North Sea oil & gas operators urged to up production ante by stepping up well intervention and development drilling game

Russia

Oil Prices Steady As Traders Weigh Global Supply Glut And Russian Sanctions Impact
Russian Oil Company Lukoil to Sell International Assets Following Trump Sanctions
Russia plans to replace 26 types of LNG equipment by end of 2025
Widespread Blackout Hits Sakhalin as Far East Region Races to Restore Power
Baltic Firms Supplied Fuel to Russia’s ‘Shadow Fleet,’ Investigation Finds

North America

United States

The U.S. LNG Boom Could Make Energy More Expensive for Americans
$44 billion Alaska LNG project scores new offtake deal with Japanese player
Burgum says Alaska LNG demand may outstrip pipeline plans
American Tower beats quarterly revenue estimates on strong leasing demand
Oracle says there is real value in AI as demand far outpaces supply
Hurricane Melissa will delay the delivery of natural gas
Oil executives predict lower prices in 2026 as Permian Basin ramps up production

South America

Brazil

Petrobras’ production boost work bears fruit as SBM Offshore FPSO hits record output flow