Latest news with #LNG
Zawya
an hour ago
- Business
- Zawya
Qatar holds talks with energy companies on risk of Israel-Iran conflict, sources say
Qatar held crisis talks this week with energy majors after Israeli strikes on Iran's huge gas field, which it shares with Qatar, an industry source and a diplomat in the region told Reuters. Saad Al Kaabi, CEO of state-owned QatarEnergy and the Gulf Arab state's energy minister urged companies to warn the U.S., British and European governments about the risks the conflict poses to gas exports from Qatar and the increasing threat to the global gas supply, they said. An interruption to Qatar's liquefied natural gas (LNG) operation could cut off around 20% of the global supply, which Doha exports from the world's largest gas reservoir. "QatarEnergy is making sure that foreign governments are fully aware of the implications and repercussions the situation and further escalation pose to gas production from Qatar,' said the diplomat, who spoke on the condition of anonymity because of the sensitivity of the situation. QatarEnergy did not immediately respond to a request for comment. Kaabi also met this week in Doha with ambassadors representing countries whose companies are involved in QatarEnergy's North Field expansion project, the diplomat said. U.S. majors ExxonMobil and ConocoPhillips, Britain's Shell, Italy's Eni and France's TotalEnergies all have stakes in the expansion, which is set to boost exports from Qatar by around 82% in the coming years. So far, there have been no disruptions to QatarEnergy's exports and cargo deliveries are on schedule. (Reporting by Andrew Mills and Marwa Rasahd Editing by Tomasz Janowski and Louise Heavens)
The Herald
2 hours ago
- Business
- The Herald
Mozambique minister optimistic about TotalEnergies resuming LNG project
Mozambique's energy minister said on Friday the government has not received a request from TotalEnergies to lift a force majeure declaration on its $20bn (R360.71bn) liquefied natural gas (LNG) project there, but he is optimistic about the oil major's plan to resume its development this summer. The force majeure will be lifted as soon as the project's operator determines conditions are in place to resume operations, minister of mineral resources and energy Estevao Pale told reporters in Tokyo after meeting with Japan's industry minister Muto Yoji. "We, as government, are doing everything that we can to be able to resume the project," Pale said. "We are working together with all partners on the project to create the security conditions favourable to restart the project," he said, adding that security conditions have improved considerably.
Bloomberg
2 hours ago
- Business
- Bloomberg
Japan Boosts Effort to Curb Methane Leaks From LNG Supply Chains
Japan is strengthening efforts to curtail methane emissions from liquefied natural gas as it sticks with a fossil fuel that's accelerating climate change. The Ministry of Economy, Trade and Industry said it will collaborate with the United Nations' Oil and Gas Methane Partnership 2.0 program and MiQ, a methane certification non-profit, to verify emissions from LNG imports into Japan.
CNA
4 hours ago
- Business
- CNA
JERA, Woodside Energy agree on supply deal during winter months
TOKYO :Japan's biggest power generator, JERA, and Australia's Woodside Energy have signed a deal for Woodside to supply JERA with liquefied natural gas during the winter months, the companies said on Friday. The Heads of Agreement was signed at the LNG Producer-Consumer Conference held in Tokyo. Under the deal, Woodside will supply about 200,000 metric tons of LNG annually during the December to February period, starting in fiscal year 2027, according to a JERA spokesperson. JERA, jointly owned by Tokyo Electric Power and Chubu Electric Power, is Japan's largest LNG buyer.
CNA
4 hours ago
- Business
- CNA
Petronas to deliver its first LNG Canada cargo to Japan's Toho Gas in July
TOKYO :An executive from Malaysian state energy firm Petroliam Nasional said on Friday that the first cargo from its portion of supply from the LNG Canada project will be delivered to its customer, Japanese city gas provider Toho Gas, in July. Speaking at an energy conference in Tokyo, Shamsairi Ibrahim, Petronas' vice president of LNG marketing and trading, also said that the company's third floating LNG project is set to commence production in 2027.
