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

News Desk @ Doha, Toronto, Islamabad & London.

Asia

China

  • Xi, Macron have friendly exchanges in China’s Chengdu
  • China, France issue joint statements during Macron’s visit
  • Chinese premier chairs meeting on carbon reduction, administrative law enforcement
  • GLOBALink | China’s Daqing Oilfield surpasses one million tonnes in shale oil output
  • Shanghai’s sea-rail combined transport throughput exceeds one million TEUs
  • China’s central bank signs standing swap deal with Macao
  • French exports to southwest China’s Sichuan jump 32.7 pct in first 10 months
  • Boao Forum for Entrepreneurs spotlights industrial innovation as new impetus for China’s high-quality development

India

  • Putin questions U.S. punishing India for buying Russian oil, as Modi gives him red-carpet welcome
  • Ready to continue uninterrupted shipments: Putin assures Russian oil supply to India
  • Putin: talks with India cover wider economic cooperation beyond oil and gas
  • India’s ONGC moves closer to keeping 20% stake in Russia’s Sakhalin-1 project
  • BPCL buys Russian Urals, CPC from non-sanctioned entities
  • India’s Jet Fuel Demand Reaches New Heights; domestic prices near record
  • India central bank cuts key rate, boosts liquidity to support economy
  • India’s October tea production drops 21.3% as weather hits plucking
  • Energy engineering took center stage at IIT Madras and IIT BHU
  • NIIF to consider selling stake in smart power meter firm IntelliSmart
  • Bihar State Power Holding Company Ltd pledges timely resolution of complaints

South Korea

  • Glenfarne finalizes 20-year LNG supply deal with POSCO
  • SoftBank’s Arm plans to set up a chip training facility in South Korea

Thailand

  • Eni signs a ten-year LNG sales deal with Thailand’s Gulf Development (GULF)

Vietnam

  • Vietnam’s market status upgrade to boost bank stocks as foreign inflows rise
  • Japan’s Asahi Life to acquire Hanoi-based MVI Life for estimated $194 mln
  • Vingroup proposes $3.96 bln sea-crossing bridge-road project linking HCMC’s Can Gio with Vung Tau
  • Galvanized steel major Ton Dong A files for HCMC bourse listing
  • Japan’s Kokuyo to acquire Vietnam’s Thien Long for $178 mln
  • Sumitomo to break ground on $111 mln industrial park project in central Vietnam early next year
  • Vietnam enters new phase of large-scale industrial growth led by high-value FDI
  • Northern Vietnam province Phu Tho plans its largest-ever urban area project at $3.9 bln

Pakistan

  • Gold prices rebound as global markets strengthen
  • PSX posts strong gains as bullish sentiment returns
  • Punjab sugar mills begin crushing; three sealed
  • CCP highlights taxation anomalies in Pakistan’s insurance sector, calls for reforms
  • First biogas plants to energize Clifton kitchens from 15 Dec
  • Policy reforms hailed as Turkey, Azerbaijan boost investment in Pakistan’s energy sector; Leghari and Canadian delegation explore energy investment prospects
  • Budget 2025–26 leaves climate and disaster spending undefined despite record allocations
  • Pakistan, Kyrgyzstan set $200m trade target by 2027-28; sign 15 cooperation agreements
  • Saudi Arabia extends $3bn deposit to Pakistan, providing crucial breathing space amid economic strain
  • Pakistan proposes Central Asia–South Asia energy market to strengthen regional connectivity
  • Pakistan, Qatar finalise LNG cargo diversion, projecting Rs1,000bn savings in 2026
  • PDBC: PSX closing bell shows gradual gains; weekly SPI decreases
  • Pakistani firms prepare IPOs and listings; SBP injects liquidity measures
  • Pakistan, ADB sign $61.8 mln agreements for development initiatives
  • PRA uncovers major tax evasion by housing societies and builders
  • Netherlands to expand trade and investment cooperation
  • China sets sights on higher-efficiency use of renewable energy; Louis Dreyfus joins Pakistan port project

Sri Lanka

  • Sri Lanka requests about $200 million financial aid from IMF due to Cyclone Ditwah
  • Cyclone-ravaged Sri Lanka’s shares log worst week in over three years

Uzbekistan

  • Uzbek state oil and gas company signs deal with Cargill to attract $3 billion in investments

Kazakhstan

  • Kazakhstan advances exploration plans with Chinese partner

Global / Asia

  • Asia’s strong equity deals pipeline may be tested by AI bubble concerns in 2026

Middle East

Iraq

  • BP and Iraq discuss $25bn Kirkuk oil field development
  • Election results could determine upstream progress in Iraq

Kuwait

  • Kuwait automates salary monitoring with a new bank link
  • Kuwait’s MEW refers $186.41mln power plant project to the Audit Bureau
  • Kuwait oil price up to $62.69 pb

Oman

  • Abraj wins $280.7mln drilling rig contracts from Oman’s PDO
  • Oman advances green hydrogen: Asyad Group unveils logistics projects; seven projects target 1mln tonnes by 2030
  • Oman studies renewable and synthetic fuels facilities in Sohar
  • Fourth edition of Green Hydrogen Summit Oman kicks off
  • BP exit deals a blow to Oman’s green hydrogen ambitions

Qatar

  • Two vessels slated for QatarEnergy’s LNG fleet receive naming ceremonies
  • Qatar Airways expands its African network as demand for Gulf–Africa connectivity rises

Saudi Arabia

  • Saudi cuts January oil prices to Asia to a five-year low; Aramco cuts Asian crude prices
  • Saudi non-oil private sector sees strong growth as PMI climbs over 60
  • World Bank lifts Saudi growth forecast to 3.8%, highlights Gulf’s digital leap
  • Aramco begins gas production from the giant Jafurah reserve
  • Bidders get extra time for Aramco gas compression project
  • Major development and tourism projects advance, including mega hotel plans in Madinah

United Arab Emirates

  • Dubai Municipality awards major drainage contract
  • Adnoc creates a new company to operate the Ghasha concession; Adnoc Onshore revisits Northeast Bab facilities project
  • UAE non-oil private sector activity expands in November: PMI
  • World Future Energy Summit 2026 to spotlight potential of AI in Mideast
  • MENA Biofuels and Saybolt to establish UAE’s first SAF testing and certification laboratory in Fujairah
  • Google partners with Dubai SME to empower Emirati businesses

Turkey

  • US diplomat says energy is the path to $100B trade goal with Türkiye
  • Eni expands LNG supply contract with BOTAS; BOTAS secures 11 bcm of LNG from SEFE and Eni starting 2028
  • Turkey extends Russian pipeline gas supplies for one year while signing new LNG deals

Syria

  • Visa agrees to support digital payments in Syria

GCC / Regional

  • GCC firms set for steady growth in 2026 on demand and lower rates, Moody’s says
  • GCC merchandise foreign trade volume reaches $1.6tn
  • GCC debt issuance hit record $226bln in 2025 while IPO activity declined
  • Fitch rates MENA sovereigns’ 2026 outlook as neutral

Global / Middle East (regional industry)

  • OPEC oil output slips in November despite agreed hike, survey finds
  • Oil prices head for weekly gains amid Fed hopes and geopolitical risks
  • Murban’s growing market depth positions it head-to-head with WTI in Asia

Africa

Democratic Republic of Congo (DRC)

  • DRC and Rwanda sign peace deal, open critical mineral resources to the U.S.; Ivanhoe Mines launches 500,000 TPA smelter at Kamoa-Kakula
  • DRC and AFD launch infrastructure modernization project in Boma

Egypt

  • Egypt and Cheiron sign $30M exploration and production agreement
  • CIB named Egypt’s Bank of the Year 2025

Kenya

  • Vodacom set to take control of Safaricom in a US$2.4bn deal

Mozambique

  • Presidents launch a critical gas plant in Mozambique; MoU strengthens technical foundations for the Mphanda Nkuwa hydropower project

Namibia

  • AfDB commits $1.78B towards Namibia’s economic growth; African Development Bank funds fisheries programme impacting two million people

Nigeria

  • Nigeria key to a projected 60% gas demand rise by 2050, says African Energy Chamber
  • Nigeria approves $128mln payment for gas debts to boost power supply; FG begins payment of $127.5mln owed to natural gas producers
  • NPA restates commitment to strengthening Nigeria’s non-oil export sector

South Africa

  • South Africa accelerates rail and port overhaul to unlock mining sector growth; industry praised for investing in clean energy workforce
  • Storing energy for sustainability: the BESS difference

Tunisia

  • Members of Parliament approve the 2026 Finance Law in its entirety

Various African countries

  • Eco-Navitas Alliance ignites fresh momentum in Africa’s exploration landscape

Europe

Denmark

  • Denmark pushes back bid submission deadline for a $4.59 billion carbon capture and storage project

France

  • Lymaret II – compact hybrid training boat for French maritime school
  • Augustin Fresnel – hybrid hydrogen buoy tender placed into service
  • Atlantide IV – composite tour boat for operation in France’s Calanques National Park

Italy

  • Amazon pays Italy €180 million to end a tax and labour probe
  • Eni signs a long-term LNG sale agreement with Thai Gulf Development Company

Norway

  • Equinor strikes gas in North Sea wildcat wells, opening new development potential
  • Equinor records largest domestic discoveries this year; Var Energi hits new oil discovery near Goliat

Poland

  • Polish offshore wind developer seeks geotechnical investigation services
  • Poland’s oil and gas company expands activity in Norway

Romania

  • OMV Petrom close to drilling a Black Sea exploration probe

Russia

  • Russia’s Central Bank to lift restrictions on foreign currency transfers; international reserves rise
  • Russia values friendly relations with India; Gazprom renews record daily gas supplies to China via Power of Siberia
  • Russia and India expand cooperation across trade, energy, space and AI

Ukraine

  • Oil prices hold steady amid stalled Ukraine peace talks and supply outlook; Ukrainian drone attacks reported

United Kingdom

  • £1.5 billion deal enables UK-US pair to acquire a large European LNG terminal
  • UK stocks gain ahead of key US inflation data

European Union / Regional

  • EU finalizes deal to ban Russian gas imports and phase out Russian oil by late 2027
  • Delivery delays and canceled SAF projects spark fuel efficiency drive; IATA promotes solutions

North America

United States

  • Natural gas futures surge near $5 as cold weather and strong LNG exports drive demand
  • US extends reprieve for Lukoil fuel stations outside Russia
  • BlackRock partners with AWS to deliver Aladdin on secure, scalable cloud infrastructure
  • Fed rate cut bets send the dollar to a near five-week low; stocks rise
  • US intelligence community to monitor major global supply chains

Puerto Rico

  • New Fortress Energy secures a seven-year gas supply deal

North America / Regional

  • POSCO Int’l and Glenfarne finalize a strategic partnership for the Alaska LNG project
  • US LNG export margins could shrink if margin squeeze intensifies

South America

Argentina

  • YPF CEO sees green light for Argentina LNG project with Eni and XRG in mid-2026

Brazil

  • Petrobras and Shell increase stakes in pre-salt oil projects offshore

Colombia

  • Vitol slated to supply a new LNG project starting in 2027

Venezuela

  • Oil holds modest gains with focus on Ukraine talks and Venezuela developments

Oceania

Australia

  • Chevron moves ahead with a $2 billion expansion at the Gorgon LNG project (Phase-3)

Papua New Guinea

  • TotalEnergies nears a multibillion-dollar award for the Papua LNG project

Global

  • LNG newbuilding enquiry picks up with 2029 slots expected to sell out
  • Global natural gas and oil outlook shaped by rising channels and geopolitical tensions
  • War insurance costs spike for ship owners as Black Sea threats grow
  • IEA reports a 2.2% rise in global energy jobs amid skilled labour shortages
  • Delivery delays and SAF project cancellations push fuel efficiency initiatives

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