Adnoc-led consortium withdraws $18.7 billion bid for Santos

A consortium led by Adnoc’s investment unit, XRG, has withdrawn its $18.7 billion takeover offer for Australian LNG player Santos.

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Petrovietnam units plan new LNG-to-power project

PV Power and PV Gas, units of state-owned Petrovietnam, signed cooperation agreements to secure gas supplies for power plants in southwestern Vietnam and explore developing an integrated liquefied natural gas (LNG) project in the northern port city of Hai Phong.

Colombia’s Ecopetrol ditches LNG import tenders

Colombia’s state-owned energy firm Ecopetrol has rejected five-year liquefied natural gas (LNG) supply offers, saying that the minimum commercial conditions were not met.

Poland’s Gaz-System moves forward with Gdansk LNG jetty work

Poland’s state-owned LNG terminal operator, Gaz-System, is advancing construction of the jetty which will host the first floating storage and regasification unit (FSRU) for its LNG import project in Gdansk.

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Adnoc, Gulf seal LNG supply deal

UAE’s Adnoc has entered into a multi-year LNG sales agreement with Thailand’s Gulf Development.

US EXIM to back YPF’s Argentina LNG project

The Export-Import Bank of the United States is offering to lend up to $6 billion for the YPF-led Argentina LNG export project.

Australia’s Santos strengthens LNG portfolio with new deals

Australian LNG player Santos has signed two separate, non-binding LNG agreements that underscore the company’s growing global LNG portfolio position. Santos entered into a non-binding heads of agreement to buy LNG from the Ksi Lisims LNG project in Canada and the company agreed key commercial terms with South Korea's Posco Steel to supply the latter with LNG.

Adnoc, RWE working on up to two LNG supply deals

UAE’s ADNOC and German energy firm RWE have signed a letter of intent to progress up to two liquefied natural gas (LNG) sale and purchase agreements.