Imports

The World Bank has paired up with Bangladesh to help it import expensive global LNG.

Prime Minister Ousmane Sonko has said that Senegal will halt gas imports in 2026, to save $227 million annually, boost electricity for low-income households, and utilise new domestic offshore gas.

Australia is at it again, wrestling with energy supply issues that intersect both gas shortages and the public’s concern over its continued LNG imports, fossil fuel development and usage.

Last month Malaysian energy giant Petronas inked a deal to procure an estimated $43.4 billion of U.S. LNG over the next five years.

Trump said the EU could avoid higher tariffs if it buys high amounts of oil and gas — but the numbers show this is unrealistic. The EU is negotiating, but is speeding up the deployment of renewables and readying trade retaliation.

The EU is phasing in methane regulations for imported gas over the next few years. At CERAWeek, there was disagreement over how easy it will be to comply.

Canada and Mexico have expressed shock at the unprovoked trade war launched by the U.S. President. The energy sector will take a hit.

Pipeline shipments of Russian gas through Ukraine permanently stopped on January 1st, marking a pivotal moment for international energy relations.

The global LNG market might be tighter than previously anticipated in the long-term amid a projected supply gap of around 120 million tonnes per year in 2040, a Wood Mackenzie conference heard on Tuesday.

Bangladesh’s over-reliance on fossil fuel imports will escalate further if dozens of renewable project PPAs are not signed quickly with the BPDB, sources say.

A landmark court ruling earlier this year found that European governments must act on climate. A new lawsuit targets a lack of limits on gas imports.

Some remain critical of proposals to promote domestic production of UK offshore oil and gas to meet energy needs.