Gas processing news

The IEA offers commentary on how recent conflict in the Middle East has impacted global oil markets, with particular focus on the disruption in the Strait of Hormuz and LNG supply.

Gas supply disruption from the Middle East conflict will drive sustained volatility in European power markets, with TTF prices above €50/MWh passing through to electricity prices across major markets, according to Wood Mackenzie analysis.

SIAD Group has announced the construction of a new manufacturing facility for compressors in Seriate, Bergamo, Italy, with a planned investment of €18 million, scheduled for completion by mid-2026.

The US Energy Information Administration (EIA) has published its latest Short-Term Energy Outlook (STEO).

Glenfarne’s Texas LNG Brownsville LLC and Kiewit Energy Group Inc. have announced the execution of an EPC agreement under a lump-sum turnkey contract structure.

Wood Mackenzie warns Middle East conflict threatens 200 million tpy of Asian LNG demand growth over next decade as Qatar declares force majeure on shipments.

US developers signed sale and purchase agreements for 40 million tpy of LNG in 2025 from planned export facilities, according to US Department of Energy and company website data compiled by the US Energy Information Administration.

Venture Global, Inc. and Trafigura have announced the execution of an agreement for the purchase of approximately 0.5 million tpy of US LNG for five years commencing in 2026.

TotalEnergies has signed a preliminary agreement with Glenfarne for the long-term offtake of 2 million tpy of LNG from the Alaska LNG project over 20 years.

MET International AG and Shell have signed a non-binding memorandum of understanding to expand their existing long-term co-operation in LNG and gas trading.