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Europe drives LNG import growth as Asia stumbles on higher price: Russell

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Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. Total imports of the super-chilled fuel were 208.62 million metric tons in the first six months of this year, up 1.7% from the 205.11 million for the same period in 2024, according to data compiled by commodity analysts Kpler. Asia, the top LNG buyer, saw imports drop 9.09 million tons, or 6.4%, to 133.41 million, while Europe's arrivals jumped [Read more]

ConocoPhillips appoints Kathleen McGinty to its board of directors

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that its board of directors has elected Ms. Kathleen (Katie) McGinty to serve as a board member. Ms. McGinty currently serves as the vice president and chief sustainability and external relations officer for Johnson Controls. Prior to joining Johnson Controls, Ms. McGinty served in a broad range of leadership positions, with over 30 years of public and private sector experience, most recently serving as senior vice president [Read more]

Mitsubishi aims to boost its equity LNG production to 18 million tons/year by early 2030s

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Japan's Mitsubishi Corp aims to raise its liquefied natural gas production through equity holdings to 18 million metric tons per annum by early 2030s from 12.8 million now, via projects such as LNG Canada, a company spokesperson said on Tuesday. LNG Canada is the first major LNG facility in North America with direct access to the Pacific Coast and the country's first-ever LNG export cargo has been shipped from the Pacific Coast en route to Asia, a spokesperson for Shell-led LNG Canada said on [Read more]

First cargo leaves LNG Canada

CALGARY, AB, June 30, 2025 /CNW/ -- Shell Canada Energy, an affiliate of Shell plc ("Shell"), announced that the first cargo of liquefied natural gas (LNG) has left the LNG Canada facility on the west coast of Canada. At 40%, Shell has the largest working interest in the LNG Canada joint venture. Located in Kitimat, British Columbia, the facility will export LNG from two processing units or "trains" with total capacity of 14 million tonnes per annum (mtpa). "LNG Canada grows our [Read more]

First Cargo Puts Canada on the Map of LNG Exporting Nations

KITIMAT, BC, June 30, 2025 /CNW/ - LNG Canada has successfully loaded a first cargo of liquefied natural gas that is now destined for global markets, marking the start of operations at Canada's first large-scale LNG export facility. The new LNG Canada export facility is located in Kitimat, British Columbia, in the traditional territory of the Haisla Nation. It is a long-life asset that will initially export LNG from two processing units or "trains" with a total capacity of 14 million tonnes [Read more]

Canada ships first LNG export cargo from Pacific coast

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Canada's first-ever LNG export cargo has been shipped from the country's Pacific Coast en route to Asia, a spokesperson for the Shell-led LNG Canada said on Monday. The cargo was loaded onto the tanker Gaslog Glasgow from LNG Canada's site in Kitimat, British Columbia, just over a week after the facility confirmed first production and became the first large-scale commercial LNG operation in the country. LNG Canada is the first major LNG facility in North America with direct access to the Pacific [Read more]

Morgan Stanley sees Brent at $60/bbl by early next year

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Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday. The bank added it sees robust supply growth from non-OPEC countries over 2025-26 in the order of 1 million barrels per day each year, which would be enough to meet demand growth in the period. "But OPEC continues to unwind its production quota cuts, and we still expect an [Read more]

Trump issues permit allowing South Bow to operate pipeline at US-Canada border

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U.S. President Donald Trump issued a presidential permit on Monday authorizing South Bow to operate and maintain pipeline facilities at Cavalier County, North Dakota, at the U.S.-Canada border. This permit supersedes and revokes an earlier presidential permit issued in July 2020 when Trump was in office, according to the White House. (Reporting by Ismail Shakil in Ottawa) [Read more]

Chevron to close Scotland office under restructuring

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Chevron will close its Aberdeen, Scotland office, the U.S. oil producer said on Monday, ending the company's decades-long presence in the city as part of its ongoing restructuring. The closure of its only Scottish office will take place between December 2025 and December 2026, a Chevron spokesperson said in a statement. Chevron last year said it planned to sell its remaining UK North Sea oil and gas assets and exit the aging basin after more than 55 years in a push to focus on more profitable [Read more]

US Senate bill’s clean energy cuts draw backlash from labor, business

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The U.S. Senate’s proposed cuts to clean energy subsidies and the introduction of a new tax on wind and solar energy in its version of President Donald Trump's tax and spending bill have drawn searing criticism from business and labor groups since they were unveiled over the weekend, with some arguing the moves could lead to power shortages, raise power prices and kill jobs. The pushback, which includes a swipe from Trump ally and Tesla CEO Elon Musk, comes as senators started voting on a [Read more]