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China’s seaborne imports of liquefied natural gas are expected to rise slightly in December, after surging last month, data from Kpler show, as buyers likely took more cargoes via long-term contracts, reports Bloomberg. Deliveries are expected to be about 7.17mn tonnes in December, according to Kpler, which tracks shipping data. That would be marginally higher than the same period last year, and a second consecutive month of increased imports on an annual basis when compared with official Chinese figures. Chinese firms are likely keeping more of their contracted supply after a recent decline in spot LNG prices reduced the appeal to resell cargoes. China’s monthly purchases have been weak for most of 2025, posting year-on-year declines through October and putting overall annual imports on track for a roughly 12% drop. Robust domestic output, piped gas from Central Asia and Russia, and higher spot LNG prices have contributed to lower buying. Still, there could be discrepancies between estimates and official data. Chinese customs figures showed LNG imports from Russia surged to a record 1.6mn tonnes in November — more than double the previous month. The imported volume is far higher than predictions made by Kpler. While China is relying more on domestic gas production and pipeline flows, the nation is still likely to see LNG import growth of about 9% in 2026 as Chinese buyers capitalise on affordable term contracts and lower spot prices, according to a note from Bloomberg Intelligence. 

Russia’s liquefied natural gas exports to China surged to a record in November, as buyers shrugged off the risk of western sanctions to access the cheaper fuel.Deliveries of the super-chilled gas from Russia more than doubled from a year earlier to 1.6mn metric tons last month, customs data released over the weekend showed. The jump saw Russia overtake Australia to become China’s biggest supplier after Qatar.Russia has turned to Asia’s biggest gas market to offset declining shipments to Europe, which was Moscow’s biggest buyer for decades until the invasion of Ukraine. It has had to cut prices to increase its appeal — its LNG was the cheapest among the 12 suppliers to China and about 10% below the average at $9.85 a million British thermal units in November, the customs data showed.Total imports had an annual increase for the first time in more than a year, after weak demand tempered requirements.China in August started importing shipments from Russa’s sanctioned Arctic LNG 2 plant through its remote Beihai terminal. Nevertheless, the Russian facility has had to cut output as winter ice complicates exports.China hasn’t imported US LNG since February, partly because of trade conflicts and weak demand. Major domestic companies are also increasingly diversifying their sources, while trying to sell contracted volumes on global markets, which is easier for American contracts that don’t tend to have destination clauses.Meanwhile, China’s domestic LNG prices fell to a five-year low as inventories grew and demand for heating during winter months remained short of expectations.The domestic wholesale LNG price at key importing terminals dropped below 3,500 yuan per ton ($10.72 per million British thermal units) this week, marking the lowest since mid-2021, according to data from SCI99, a Chinese commodities pricing agency.This marks a significant departure from typical winter patterns, where prices usually rise on higher heating demand. This year, mild temperatures and a faltering industrial and economic recovery across China have dragged domestic LNG prices lower.At the same time, inventories have grown as incoming shipments of seaborne LNG began recovering in November after a year-long slump, though cumulative volumes remain below last year’s level. Imports of piped gas have also been increasing, according to official customs data. Terminal operators have been forced to sell off stockpiles at lower prices as tanks were 73% full as of December 19, SCI99 said.“Price may remain low through the month,” Wang Ran, an analyst with SCI99, wrote in a note. 

A pair of explosions and a fire, apparently sparked by leaking ‌gas, ripped through a nursing home ‍near Philadelphia, killing a female employee and a resident, and injuring 20 people, officials said.All residents and ⁠staff of the Silver Lake Nursing ⁠Home in Bristol Township, about 33km northeast of Philadelphia, have now been accounted ‍for and the injured taken to local hospitals, police chief Charles Winik said.Winik said people had been feared missing for a number of hours as flames and blasts gutted the nursing home. Fire Marshal Kevin Dippolito said numerous patients and staff were initially trapped inside a demolished portion of the building.Dippolito said the first firefighters arriving on the scene, some from a fire-and-rescue station across the street, encountered "a major structural collapse," with part of the building's first floor crumbling into the basement below.He ‍said numerous victims were extricated ⁠from debris, blocked stairwells ‌and stuck elevators, while firefighters ventured into the collapsed basement zone and pulled at least two more people to safety before retreating amid lingering gas fumes."We got everyone out that we could, that we could find, that we could see, and we exited the building," Dippolito said. "Within approximately 15 to 30 seconds of us exiting the building, knowing there was a heavy odour of natural gas around us, there was another explosion and fire.”The front of the structure appeared to have been blasted away from the inside, but the majority of the facility remained standing, though most of its windows were shattered, according to a ​Reuters photographer on the scene.News footage ‌from WPVI-TV, an ABC News affiliate, showed roaring flames and smoke billowing from the crippled building shortly after the first ⁠explosion.The precise number of patients ‍and staff inside at the time was not immediately known. The nursing home is certified for up to 174 beds, according to an official Medicare provider site.More than 50 patients, ranging in age from 50 to 95, are typically in the building at any one time, WCAU-TV reported, citing a nurse employed by the facility who arrived on the ​scene after the blast. About five hours later, nursing home officials had informed authorities that all patients had been accounted for, Dippolito said. 

Australia will make exporters of liquefied natural gas from the country's east coast keep up ‌to a quarter of their output ‍for domestic use from 2027, under a scheme unveiled on Monday to curb price spikes and help fill a long-forecast supply gap.The centre-left ⁠government of Prime Minister Anthony Albanese said it ⁠would work with exporters to design a system that allocates between 15% and 25% of gas for ‍domestic use.The announcement puts numbers on a policy that the government has flagged through 2025 amid persistent warnings about a shortage of gas supply on Australia's east coast, where most of its 27mn people live."More affordable Australian gas for Australian users will support our economy and our transition, while remaining a reliable energy partner to our region," said Climate Change and Energy Minister Chris Bowen.The proposal will only affect new contracts agreed by LNG exporters, not their existing contracts, Bowen said.Australia, the world's third-largest LNG ‌exporter, ships out far more gas than it consumes. The competition regulator warned on Monday that the expected local shortfall had widened, with output dropping from legacy fields off the south coast.The scheme was recommended by a gas market ‍review ordered by the government in mid-2025, ⁠which was also published ‌Monday.The review said a gas reservation scheme would put downward pressure on prices and urged the government to consider ending a A$12 ($7.94) per gigajoule price cap in place since 2022.The scheme would impact three LNG export plants in Queensland, particularly Gladstone LNG (GLNG), industry watchers have said.GLNG, operated by Santos and backed by Korea Gas Corp (KOGAS), TotalEnergies and Malaysia's Petronas, has typically relied on third-party domestic gas to meet export commitments. A GLNG representative was not immediately available for comment.Rival export consortium Australia Pacific LNG (APLNG), led by Origin Energy with ConocoPhillips and Sinopec, was also unavailable for comment.Shell, which leads a third exporter Queensland Curtis LNG (QCLNG) with CNOOC and MidOcean Energy, called the scheme "an important first step" and said it looked forward to work on the details.Producers and energy users welcomed the certainty they ​said the scheme would bring, pending details ‌still to come. Industry body Australian Energy Producers, whose members include LNG exporters, called for more action to spur domestic production.The wording of the reservation ⁠announcement suggests it could for the first time ‍capture Northern Territory gas, potentially affecting the Barossa and Ichthys projects and therefore Japanese investment, said Saul Kavonic, head of energy research at MST Marquee.JY Chew, Head of APAC Upstream Research at consultancy Welligence Energy Analytics, said the measure could reduce producers' export options and returns on marginal projects."LNG buyers negotiating new long-term contracts from 2027 may diversify more actively, knowing a portion of future Australian output will be reserved for domestic buyers," he added.About 90% ​of Australia's LNG exports go to Japan, South Korea, China and Taiwan, Kpler data shows.While Japanese LNG buyers have been diversifying to US supplies amid concerns over Australian supply, proximity remains a key advantage for Australian LNG, said Filippo Pedretti, an analyst at Yuri Group consultancy."I find it hard to imagine that such volumes and logistical convenience could be significantly replaced," he said. "One way or another, I think Australian imports will remain important, and Tokyo and Canberra will find a middle ground."Western Australia has an existing policy requiring LNG exporters there to keep 15% of volumes for domestic supply. 

Qatar has seen 34 more LNG cargoes in 11 months of 2025 until November, according to the latest data from the Gas Exporting Countries Forum (GECF).During these months, GECF countries accounted for 45% of LNG cargo exports, led by Qatar, Malaysia and Russia.In November, there were some 587 cargoes exported globally, which were 20 more than in October, and 52 more than one year ago.After eleven months of 2025, total cargo exports reached 5,928, which was 154 more than during the same period in 2024, GECF noted.Globally, the US, Australia and Qatar remained the top three LNG exporters during November, the report said.In November, global LNG exports surged by 15% (5.23mn tonnes) y-o-y to reach an all-time high of 39.79mn tonnes, just shy of the 40mn tonnes.The increase was driven primarily by non-GECF countries, with GECF member countries contributing to a lesser extent, offsetting weaker LNG re-exports.Between January and November this year, cumulative global LNG exports reached 397.56mn tonnes, representing a sharp increase of 6.7% (24.91mn tonnes) y-o-y.The bulk of this growth was led by non-GECF countries, while GECF members also added incremental volumes. During the same period, LNG re-exports recorded a slight decline.In November, LNG exports from GECF member and observer countries reached 17.19mn tonnes, representing an increase of 5.6% (0.91mn tonnes) y-o-y.This marks the highest export level recorded for the month of November.At the country level, Angola, Egypt, Mauritania, Malaysia, Nigeria, Qatar and Senegal were the main contributors to this increase, more than offsetting the decline in exports from Algeria and the United Arab Emirates.Stronger LNG exports from Angola, Egypt, Malaysia, and Nigeria were supported by higher feedgas availability in these countries. Although Egypt has resumed regular LNG imports, a recovery in domestic gas production has allowed it to occasionally export LNG cargoes.In Mauritania and Senegal, the continued ramp-up of production from the GTA FLNG 1 facility boosted export volumes.In Qatar, reduced maintenance at the Ras Laffan LNG complex supported higher LNG exports.By contrast, lower LNG exports from Algeria were attributed to reduced feedgas availability. In addition, ongoing maintenance at the Das Island LNG facility resulted in lower export volumes from the UAE.From January to November, cumulative LNG exports from GECF member countries increased by 1.8% (3.14mn tonnes) y-o-y to reach 178.05mn tonnes.In November, LNG exports from non-GECF countries surged by 26% (4.62mn tonnes) y-o-y, reaching a record high of 22.43mn tonnes. The bulk of this increase was driven by higher exports from the United States, while Canada, Indonesia, and Papua New Guinea also contributed to a lesser extent, GECF noted. 

A huge electricity outage hit San Francisco on Saturday, leaving 130,000 residents without power for several hours at its peak, with the city's main provider saying all services would return overnight.Pacific Gas & Electric Company said in a statement on X that power had been restored to about 110,000 households by 7am Sunday, "with the remaining customers expected to be restored overnight”.The outage caused traffic jams and forced some businesses to close temporarily.Large parts of the West Coast tech hub, which has a population of more than 800,000 people, were plunged into darkness, with disruptions to public transport and many traffic lights not working on a busy Christmas shopping weekend before power began to be restored."I know this was a rough day," San Francisco Mayor Daniel Lurie said in a video posted on X from the city's emergency operations centre. "That is progress (on restoration of power)... but for those of you who do not have power, we want to make sure you stay safe, check on your neighbours."He said that police, fire department and other city officials had been sent out and asked residents to stay home if possible.Many traffic signals were out, leaving traffic police to manage intersections and the self-driving ride-hailing service Waymo had paused operation of its vehicles, he said.A fire at a substation had caused the blackout, Lurie said.Parts of the city were blanketed in fog and many businesses were forced to close for the day at the height of the holiday shopping period, the *San Francisco Chronicle newspaper reported, leaving normally bustling commercial areas quiet."A large power outage is impacting San Francisco – only call 9-1-1 for life safety emergencies, avoid non-essential travel, treat ⁠down traffic signals as four-way stops, keep refrigerator and freezer doors closed, and turn off major appliances to prevent surges," the San Francisco Department of Emergency Management said in a post on social media early Sunday.The abrupt fall in shoppers just days before Christmas was "devastating" for business, a manager of Black & Gold home goods store, told the *San Francisco Chronicle.Separately, Tesla chief executive Elon Musk said Sunday that the company's robotaxis were unaffected by the outage. 

Lukoil exits Ghasha project, hands Adnoc 10% stakeHeavy demand from Asian lenders, including Chinese banksFirst gas production expected before decade's end Abu Dhabi National Oil Company (Adnoc) has secured $11bn in structured financing to monetise future gas production from its Hail and Ghasha development, the state company said on Thursday, after Russia's Lukoil exited the project.The deal, signed with partners Eni and PTTEP, involves 20 global and regional banks. It uses a "pre-export finance" model backed by future gas throughput, providing upfront cash years before first production, which is expected by the end of the decade. The transaction is the latest move in Adnoc’s strategy to leverage its balance sheet and fund a transition into a global energy major. The company has previously utilised lease-leaseback deals for infrastructure and listed six subsidiaries to raise billions of dollars. It also set up XRG, an international investment arm that has swelled to more than $150bn in assets, including Germany's Covestro.Lukoil, which doubled its stake in Ghasha to 10% earlier this year, exited the concession in November, an Adnoc spokesperson told Reuters. The spokesperson said Lukoil transferred its stake to Adnoc following the sanctions but declined to provide further details. The move follows Lukoil’s efforts to divest its foreign operations, crippled by US sanctions imposed in October aimed at pressuring Russia to end its war in Ukraine."It's the first-ever greenfield gas-based pre-export finance," a source close to the deal said, adding it allows Adnoc to lower the equity contribution and improve returns.The non-recourse financing includes 11 local and regional banks, seven Asian banks, and three Western lenders, including Citi, Bank of China and ICBC."It's probably the largest participation from Chinese banks in a pre-export finance facility in the Middle East ever," the source said, adding Adnoc secured attractive rates. Chinese banks lent over a third of the financing for Saudi Aramco's Jafurah, potentially the biggest shale gas project outside of the US, which aims to reach 2bn standard cubic feet per day of gas by 2030. Adnoc CEO Sultan al-Jaber, in a statement, said Hail and Ghasha "is an important contributor to Adnoc’s gas strategy and is on track to generate significant value." It aims to produce 1.8 bcfd of gas with net-zero emissions. 

QatarEnergy has signed a long-term sales and purchase agreement (SPA) for up to 15 years with Buzwair Industrial Gases Factories WLL (Buzwair) for the supply of 20mn cubic feet per year of helium from Qatar’s world-class facilities in Ras Laffan, starting in September 2025.The SPA marks QatarEnergy’s first direct relationship with a local Qatari industrial gas company, reflecting the growing expertise and networks of regional suppliers in the global helium market. Welcoming the agreement, His Excellency the Minister of State for Energy Affairs, Saad Sherida al-Kaabi, who is also the President and CEO of QatarEnergy, said: “Buzwair has built a strong reputation in the helium industry. We are pleased to work with them and to expand our network of partners to include capable and trusted industrial gas companies from the State of Qatar.”Al-Kaabi added: “As one of the world’s leading suppliers of helium, QatarEnergy remains committed to supporting the exciting advancements of critical industries that depend on our high-purity and reliable helium supplies.”Helium plays a pivotal role in a wide range of advanced technologies and essential industrial applications, including magnetic resonance imaging (MRI) scanners, semiconductors, fiber optics, space exploration, deep sea diving, specialised welding, and other specialised applications.

Qatar’s marketed natural gas remained stable in 2024, holding steady at approximately 170bcm, GECF said in its latest annual statistical bulletin.On the other hand, Qatar’s domestic gas consumption declined slightly by 3% y-o-y in 2024, totalling 41.9bcm, the Gas Exporting Countries Forum noted.In 2024, GECF countries demonstrated “exceptional resilience and leadership in a rapidly evolving global energy landscape.Despite market volatility, GECF countries maintained their critical role in ensuring global energy security while meeting rising domestic needs.Marketed natural gas production reached 1,585bcm, demonstrating continued supply reliability.Domestic consumption climbed to a record 1,147bcm, driven by expanding power generation, industrial activity, and household demand.However, natural gas available for exports declined significantly to 481bcm from 583bcm in 2023, a reduction of 102bcm (-17.5%). This shift reflects the strategic prioritisation of domestic energy security and economic development, as GECF countries increasingly utilise their natural gas resources to fuel internal growth.The reduction also reflects evolving global trade patterns, including changes in pipeline flows and regional demand dynamics.This balance between supporting national economic development and maintaining reliable international supply demonstrates the GECF’s strategic adaptability in a dynamic global energy environment.With reliable production, robust domestic demand, and a strong presence in global trade, GECF countries remain at the core of the international gas industry and are well-positioned to contribute to the ongoing transition toward a cleaner and more sustainable energy future.According to the report, GECF member countries demonstrated mixed but overall positive performance in 2024, with collective marketed production increasing by 26.95bcm (+1.9%) and total exports growing by 9.81bcm (+2.5%).Pipeline exports emerged as a particular strength, increasing by 15.06bcm (+8.7%), while LNG exports contracted by 5.25bcm (-2.4%).On the demand side, members’ aggregate domestic consumption expanded by 16.36bcm (+1.6%), reflecting robust internal gas demand driven by economic growth and industrial development.Russia dominated the positive performance, contributing the majority of collective growth with a substantial production increase of 36.74bcm (+6.0%) and export expansion of 20.25bcm (+15.2%).Other notable performers included Iran, which added 6.82bcm of production (+2.5%) alongside strong domestic consumption growth; Nigeria, which achieved a remarkable domestic consumption expansion of 7.71bcm (+45.8%); and the United Arab Emirates, which increased production by 2.64bcm (+4.5%) while growing LNG exports by 0.68bcm (+9.8%).Several members faced operational challenges in 2024. Egypt experienced the most significant decline in production at 9.95bcm (-16.8%) and a substantial export reduction of 4.23bcm (-75.3%), reflecting ongoing infrastructure constraints and domestic demand pressures.Algeria’s production decreased by 7.21bcm (-6.8%) with exports dropping by 3.74bcm (-7.2%), while Bolivia recorded production and export declines of 1.46bcm (-11.2%) and 1.61bcm (-19.9%), respectively, as mature fields continued to decline. 

A volcano on Indonesia's main island of Java erupted Wednesday, throwing ash and gas kilometres into the sky and forcing officials to raise the alert status to its highest level. Mount Semeru in eastern Java, about 310kms west of the tourist hotspot of Bali, erupted at 2.13pm local time (0713 GMT), spewing what are known as pyroclastic flows, Indonesian geological agency head Muhammad Wafid said."The public is advised not to engage in activities within an 8km radius of the crater or peak of Mount Semeru due to the risk of being struck by ejected rocks," he said in a statement. The national disaster agency said the plume of ash had risen as far as 13kms into the air.

Greece signed a deal with Ukraine Sunday to supply US-origin liquefied natural gas (LNG) to the war-battered country whose energy infrastructure has been crippled by Russian strikes.The agreement came as Ukrainian President Volodymyr Zelensky visited Athens at the start of a European tour aimed at shoring up his country's defences and energy supply, as it enters another gruelling winter nearly four years into Russia's invasion.Exhausted and outnumbered Ukrainian troops are struggling to fend off Russian forces, and both sides have been attacking each other's energy infrastructure power stations and oil refineries as the war drags on with no sign of peace talks.Greece's national gas company DEPA Commercial and its Ukrainian counterpart Naftogaz announced the deal, which will run from December 2025 until March 2026, following a meeting between Zelensky and Greek Prime Minister Kyriakos Mitsotakis.The agreement "marks an essential step in strengthening regional energy cooperation and European energy security", according to a joint statement.The deal, signed at a ceremony attended by US ambassador to Greece Kimberly Guilfoyle, will make it possible to "support Ukraine in the midst of a difficult winter", Mitsotakis and Zelensky said.Guilfoyle visited Zelensky at the Ukrainian embassy in Athens Sunday, the state-run ERTNEWS tv channel reported."Relations between our countries are taking on a crucial new dimension: that of a new secure energy artery, stretching from south to north, from Greece to Ukraine," Mitsotakis said.He called the deal a "decisive step toward definitive energy independence from Russian gas" — a key goal for Europe, which has struggled to wean itself off imports.Most European Union countries recently approved a ban on imports of Russian natural gas by the end of 2027, a decision aimed at hitting Russia's funding for the war.Mitsotakis also pledged Greek support for Ukraine's postwar reconstruction and to deepening defence cooperation, according to a joint declaration.They plan on "enhancing security in the maritime domain, including cooperation on the development and deployment of maritime (sea) UAVs, joint exercises and training related to unmanned maritime systems, and enhanced information-sharing on maritime threats."The Ukrainian president expressed gratitude to US President Donald Trump "for the fact that we will be able to receive natural gas not only from Greece, but also (US gas) via Greece".Zelensky, who is to visit France and Spain on his tour, called the agreement a "significant part of the comprehensive energy package we have prepared for this winter".The approaching winter poses "a huge challenge... for the Ukrainian people", he said."Practically every night now, the Russians are striking our infrastructure, especially our energy infrastructure," he said."Most of Ukraine's power plants, our gas production facilities and our thermal power plants have become targets."Zelensky's first visit to Greece since 2023 follows the recent announcement of major energy projects in Greece, supported by the United States.Greek authorities plan to cooperate with US companies to increase the flow of American liquefied natural gas to Greek terminals.Greece is "the natural gateway for American liquefied natural gas to replace Russian gas in the region," Mitsotakis said at a conference this month in Athens hosted by the United States.The recent launch of a Trans-Adriatic pipeline connecting Greece and Bulgaria has enabled the country to contribute to a "vertical" corridor delivering gas towards Bulgaria, Romania, Moldova, Ukraine, Hungary and Slovakia.The opening of storage infrastructure at the port of Alexandroupolis, near the Greek-Turkish border and where American LNG arrives, has also helped undermine Russia's market in the region.

The biggest oil company in the United Arab Emirates has secured a key European approval that brings it a step closer to completing a €12bn ($14bn) takeover of Covestro AG, part of a global deals push to create a natural gas and chemicals leader.Abu Dhabi National Oil Co won a conditional European Union go-ahead for the proposed buyout after addressing regulators’ concerns around state subsidies. The European Commission said on Friday that an offer from Adnoc to maintain Covestro’s intellectual property in Europe, as well as concessions around state guarantees, had settled earlier concerns, with the commitments valid for 10 years.The deal will be the largest takeover of a European firm by a Middle Eastern company and marks the region’s ambitions in employing its hydrocarbon wealth to build international networks. Adnoc and regional rival Saudi Aramco are snapping up liquefied natural gas supply contracts to feed growing trading arms.The Gulf countries are betting that demand for natural gas and chemicals will continue to grow as inputs for power and building blocks for consumer goods like the plastics, packaging and lightweight materials that go into mobile phones, computers and cars. Adnoc’s offer would be a cash injection into an industry that’s suffering falling prices and slack margins, hurting profit across the chemicals sector in Europe.The planned purchase of Covestro would give Adnoc control over a German company that supplies materials for some of the world’s most prominent phone and carmakers. Adnoc would own Covestro through its investment unit XRG, set up in last year as the company’s international platform for natural gas, chemicals and energy solutions.A year ago, Abu Dhabi launched the high-profile energy investment firm hoping to deploy billions of dollars on deals around the world. The company had early successes with gas deals in the US, Africa and central Asia. XRG’s biggest effort yet fell apart in September when the firm dropped its planned $19bn takeover of Australian natural gas producer Santos Ltd. It bounced back with a deal announced last week to explore buying into an LNG project in Argentina.In July, the commission, the EU’s antitrust arm, opened a full-scale investigation into the Covestro deal under tough new foreign subsidies rules. EU officials warned at the time that Adnoc’s state funding may have given it an unfair advantage over rivals with less-deep pockets, concerns that were allayed during negotiations between the parties.“Commitments offered by Adnoc effectively address the potential negative effects by allowing market participants to access key Covestro patents in the field of sustainability,” EU competition chief Teresa Ribera said in a statement. “Clear, pre-defined access to these patents will enable others to innovate and advance research in an area that is critical for Europe’s future.”Adnoc also transferred to XRG its holdings in four subsidiaries listed on the Abu Dhabi stock exchange in September. The transaction will bolster XRG’s balance sheet by providing it with cash flows from companies with total market capitalisation of nearly $120bn.