Shell Sees 60% Jump in Global LNG Demand by 2040

ByTsvetana Paraskova– Feb 25, 2025, 7:10 AM CST Global LNG demand is set to surge by 60% through 2040, pushed up by Asia’s economic growth, the world’s biggest LNG trader,…

Trinidad and Tobago Seeks Extension for Venezuela Gas Project

Trinidad and Tobago Seeks Extension for Venezuela Gas Project | OilPrice.com `; document.write(write_html); } Breaking News: ByTsvetana Paraskova– Feb 25, 2025, 8:30 AM CST Trinidad and Tobago will request an…

IEA: Europe Should Consider Replacing Russian LNG

IEA: Europe Should Consider Replacing Russian LNG | OilPrice.com `; document.write(write_html); } Breaking News: ByCharles Kennedy– Feb 25, 2025, 9:20 AM CST Europe has been importing growing volumes of liquefied…

BP’s Strategy Reset: 5 Things to Watch

BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.  For the first time since taking the reins, Chief Executive…

  • Gas
  • February 25, 2025
Oxford Flow secures landmark $1m order from bp

UK-based Oxford Flow has secured an order worth nearly $1m from bp for its ES stemless axial flow valves, marking the company’s largest contract to date and a key milestone…

  • Gas
  • February 25, 2025
Siemens Energy to supply gas turbines for Taiwan power plant

Siemens Energy will supply two high-efficiency gas turbines for the 1,200 MW (megawatt) Kuo Kuang 2 power plant in Taiwan. Taiwan produces nearly 60% of the world’s microchips, making a…

  • Gas
  • February 25, 2025
LNG supply limited until second half of 2025 – Shell report

New LNG supply will be limited until the second half of 2025 with Europe’s need to refill gas storage competing with Asian demand, according to Shell’s annual LNG Outlook report.…

Trump Says He Wants Keystone XL Pipeline to be Built

Republican U.S. President Donald Trump said on Monday he wanted the Keystone XL Pipeline built and pledged easy regulatory approvals for the project, which was opposed for years by environmentalists…

Bank of America Predicts Brent crude to Average $75/bbl in 2025

(Reuters) – Bank of America expects Brent crude to average $75 per barrel in 2025 and $73 in 2026, citing low global oil inventories, balanced supply and demand, and about…

Shell Expects 60% Rise in Global LNG Demand by 2040 as Asia Leads Growth

Summary Asia’s economic growth to drive LNG demand increase China and India expand LNG infrastructure amid rising demand US and Qatar to dominate LNG supply by 2035 Shell LNG Outlook…