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European gas faces renewed strain after winter drawdowns
Sustained low temperatures have depleted storage levels and exposed the EU’s vulnerability to shocks even as the bloc moves ahead with phasing out all Russian imports
LNG, a strategic safeguard
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
A dual-coast LNG strategy
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
Cheniere’s disciplined expansion
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
The new LNG wave is finally here
Growth in LNG supply will surpass the rise in demand in 2026 for the first time in years, according to Mike Fulwood, senior research fellow at the OIES, but lower prices are likely to encourage fuel switching and could create more demand on a permanent basis
LNG trends in developing economies
Awais Ali Butt, manager for sales and business development at Pakistan LNG Ltd, discusses LNG’s role in energy security across developing, price-sensitive economies, as well as examining trade-offs between buying strategies and the impact of lower prices and policy on import behaviour 
LNG remains frontrunner among low-carbon marine fuels
LNG’s technical maturity, availability and price, as well as regulation, have driven its rapid adoption as a marine fuel, yet its future in shipping will depend on transition policies and progress in cutting methane emissions and scaling bio- and synthetic LNG, according to Carlos Guerrero at Bureau Veritas
A new force in US LNG
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in North America
Letter from Qatar: Greater purpose and direction for LNG
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
LNG steps in as Brazil’s gas boom masks tight marketable supply
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia, tells Petroleum Economist
Gail’s corporate office in New Delhi
LNG India
Yogender Malik
20 June 2023
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Gail feels effects of Russia fallout

Indian gas company’s profits nosedive due to non-supply from former Gazprom unit

Indian LNG importer Gail is struggling to mitigate the effects of Western sanctions on Russia as the impact of 2022’s historic high LNG prices is reflected in balance sheets and courtroom battles with suppliers. Gail’s profits plummeted by nearly 50pc in the financial year ending 31 March—with the company reporting net profit of $647.17mn (INR53.01bn) compared with $1.26bn in the 2021–22 financial year. Gail has also initiated legal proceedings against a former subsidiary of Russian LNG company Gazprom in a London court for disruption to supplies for nearly eight months across 2022 and 2023.  "High gas prices and unavailability of lower-priced long-term gas affected practically all our busin

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