Prime Minister and Interior Minister Anutin Charnvirakul announced at the Gastech Exhibition & Conference 2026 that the government is ready to link energy with investment and expand international cooperation in natural gas and LNG, renewable energy, energy storage systems, carbon management, hydrogen, bioenergy, and clean energy technology, in order to drive Thailand to become the region's hub for energy investment, innovation, and cooperation. He stressed that a balance will be maintained between energy security and prices that the public can afford, and that from mid-October onward the government will begin a 50 billion baht programme to support households in installing solar rooftops. Dr. Kongkrapan Intarajang, Chief Executive Officer and President of PTT Public Company Limited, or PTT, said that hosting Gastech, which draws tens of thousands of participants, is a key opportunity for joint-venture negotiations, finding new energy sources, and expanding LNG trading with partners worldwide. PTT has been in the natural gas business for more than 40 years and believes the world will continue to rely on natural gas as the main fuel for power plants and the industrial sector for another 20 to 30 years. PTT LNG Company Limited, or PTTLNG, has the capacity to receive, store, and regasify up to 19 million tonnes of LNG per year, while PTT plans to expand its LNG portfolio volume to a target of 3.7 million tonnes in 2026 and aims to raise that to 10 million tonnes per year in 2030 and 15 million tonnes per year in 2035. At the same time, PTT has developed Thailand's first CCS project, capable of capturing and reinjecting up to 1 million tonnes of carbon dioxide per year, with PTT Exploration and Production announcing a final investment decision in 2025, as well as the Industrial Spark, or I-SPARK, pilot project in Rayong province, and the Total Solution for Industrial Sustainability, which combines IoT, data science, and AI technologies to upgrade energy services for Thailand's industrial sector toward smart energy management.
PTT CEO says hosting Gastech is a key opportunity for joint-venture negotiations, finding new energy sources, and expanding LNG trading with partners worldwide, with plans to grow its LNG portfolio to 15 million tonnes/year by 2035.
PTT Exploration and Production announced a final investment decision in 2025 on Thailand's first CCS project, capable of capturing and reinjecting up to 1 million tonnes of CO2 per year.
Venture Global Targets 500-518 LNG Cargoes in 2026 as Global Demand Firms
Venture Global expects to export 500 to 518 LNG cargoes in 2026, with 91% of expected volumes already contracted, as the company positions itself to benefit from rising global demand for liquefied natural gas. The company said LNG imports into China, Japan and India have recovered despite elevated prices, while tighter European inventories are expected to support seasonal demand. Plaquemines Phase I is targeted to reach commercial operation date in the fourth quarter, while CP2 is on schedule for first LNG in the second half of 2027. U.S. LNG exports are expected to rise from 15.1 billion cubic feet per day in 2025 to 17.4 Bcf/d in 2026 and 18.6 Bcf/d in 2027, according to the U.S. Energy Information Administration. Venture Global shares have declined 5.9% over the past year against the industry's 13.3% growth, and the stock trades at a trailing 12-month enterprise-value-to-EBITDA of 9.98X versus the broader industry average of 10.65X.
ConocoPhillips Signs 20-Year LNG Supply Deal With Venture Global
ConocoPhillips has signed a long-term agreement with Venture Global to purchase 1 million tons of liquefied natural gas per year, with deliveries beginning in 2030 and running for 20 years. Venture Global said it looks forward to supporting ConocoPhillips in expanding its global LNG portfolio. ConocoPhillips expects LNG demand to double by 2050 and is building its LNG portfolio toward a targeted 10-15 million tons per annum. In the second quarter, the company's Qatar LNG operations were affected by the conflict in the Middle East, with the Ras Laffan plant largely shut down, though ConocoPhillips said the NFE and NFS projects in Qatar were progressing well despite the conflict.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Supply
Energy Transition & Power Demand › Firm Power & Transition Fuels ▲Supply
COP · Demand · Positive ConocoPhillips signed a 20-year deal to buy 1 million tons/year of LNG, expanding its global LNG portfolio toward a 10-15 Mtpa target.
VG · Demand · Positive Venture Global secured a 20-year, 1 Mtpa LNG supply agreement with ConocoPhillips starting in 2030.
NATGAS · Demand · Positive A new 20-year, 1 Mtpa LNG offtake agreement adds long-term demand for natural gas.
Magnolia Oil & Gas Targets 4-5% Growth After WildFire Deal
Magnolia Oil & Gas Corporation said its WildFire Energy acquisition is progressing smoothly and will support 4% to 5% annual organic growth in both oil and total production across the combined Eagle Ford and Austin Chalk portfolio. The company expects more than $100 million of annual run-rate synergies from the deal, with at least one-third realized by year-end 2026, while keeping drilling and completion capital reinvestment below 55% of adjusted EBITDAX. Magnolia has already sold non-core Dimmit and Zavala county properties for $47.5 million and received 616 net acres in Gonzales County, lifting its average operated working interest in the contiguous Karnes position to 98%. The company ended the third quarter with approximately $1.9 billion of net debt, putting leverage below 1.0x net debt to 2027E EBITDA at current strip prices, more than a year ahead of its original deleveraging timetable, and it repurchased about 2.3 million shares in the quarter, leaving roughly 267 million shares outstanding. For the fourth quarter, Magnolia guides production of 159 to 161 Mboe/d with oil at 49% to 50% of volumes and D&C capital spending of about $235 million, while for 2027 it projects oil and total production up 4% to 5% from a second-quarter 2026 pro forma base of roughly 78 Mbod of oil and 158 Mboe/d of total production, with D&C capital spending of $900 million to $950 million.
Baker Hughes Signs Venezuela Gas Infrastructure Deals With PDVSA, Lindsayca, Fulcrum LNG
Baker Hughes said Monday it signed agreements with Venezuelan state oil company PDVSA, engineering firm Lindsayca, and LNG developer Fulcrum LNG to develop natural gas infrastructure in Venezuela, with financial terms not disclosed. Under the first alliance, the three companies will combine their capabilities to develop the infrastructure needed to process, transport, commercialize, and potentially export natural gas. Baker Hughes said the agreements establish an enterprise deal framework that can connect upstream resource development, midstream infrastructure, gas monetization, and liquefied natural gas commercialization. Separately, Baker Hughes signed a memorandum of understanding with New Stratus Energy to support future oil and gas projects in the country. Chairman and CEO Lorenzo Simonelli said Venezuela holds tremendous potential to become a significant contributor to the evolving global energy landscape, and that the agreements are designed to bring world-class resource opportunities, project development, energy infrastructure and technologies, and financing expertise together to realize this.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Supply
Energy Transition & Power Demand › Firm Power & Transition Fuels ▲Supply
BKR · Demand · Positive Baker Hughes signed agreements with PDVSA, Lindsayca, and Fulcrum LNG to develop Venezuelan natural gas infrastructure, plus an MOU with New Stratus Energy for future oil and gas projects.
Fulcrum LNG · Demand · Positive Fulcrum LNG is a named partner in the alliance to develop Venezuelan natural gas infrastructure and LNG commercialization.
Lindsayca · Demand · Positive Lindsayca is a named engineering partner in the alliance to develop Venezuelan natural gas infrastructure.
Petroleos de Venezuela, S.A. (PDVSA) · Demand · Positive PDVSA is a party to the alliance to develop, process, transport, and potentially export Venezuelan natural gas.
New Stratus Energy Inc. · Demand · Positive New Stratus Energy signed an MOU with Baker Hughes to support future oil and gas projects in Venezuela.
Trump threatens South Korea to sign $50 billion Alaska LNG deal quickly or pay more
US President Donald Trump is pressuring South Korea to speed up its decision on joining the $50 billion Alaska LNG natural gas project, warning that if Seoul does not sign soon, the United States may charge additional costs, or could double them. Trump told reporters on Friday that if South Korea does not want to join the project, that is no problem, but the United States will charge South Korea more, saying that if it does not sign soon, it will double, though he did not specify what would be increased. South Korean media noted this could mean higher tariffs on South Korean goods. The Seoul government confirmed it is still assessing the Alaska LNG project, and that a decision to join will depend on commercial viability and must comply with domestic legal procedures. Trump also said via Truth Social on Friday that he had announced an additional Enhanced Oil Recovery project worth $8.4 billion, but South Korean media, citing the country's industry ministry, said the $8.4 billion oil project was not included in the agreement previously reached between the Seoul government and Washington, and the ministry is examining the details and contacting the US side through trade channels to seek further clarification.
TC Energy Confirms Coastal GasLink Phase 2 Expansion After LNG Canada Decision
TC Energy Corporation has confirmed that Coastal GasLink Phase 2 will proceed following LNG Canada's expansion decision, nearly doubling capacity along the existing 670-kilometre route in British Columbia through new compressor stations and facility upgrades. Construction on the expansion is expected to start in early 2027, with service targeted for the early 2030s. The company also declared a continued quarterly dividend of C$0.8775 per share, or C$3.51 annualized. TC Energy's narrative projects CA$18.2 billion in revenue and CA$5.3 billion in earnings by 2029, with a fair value estimate of CA$98.78 implying 17% upside to the current price. Two fair value estimates from the Simply Wall St Community span from C$33.89 to C$98.78.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Supply
Energy Transition & Power Demand › Firm Power & Transition Fuels ▲Supply
TRP · Capital · Positive Coastal GasLink Phase 2 expansion confirmed after LNG Canada's decision, plus continued dividend and projected revenue/earnings growth.
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