During the period from November 1st to 7th, 2025, the following international news occurred:
1. Deal puts €70m into biomethane and bioLNG in Italy
Italian asset manager Patrizia, through its subsidiary Renergia, has secured €70 million in debt financing from UniCredit Bank to accelerate its deployment of biomethane and bioLiquefied Natural Gas. The funds will support the conversion of existing biogas plants and acquisitions, targeting an annual production capacity of 130 GWh and processing 230,000 tonnes of biowaste per year, aiding Italy's energy transition and circular economy development.
2. Excelerate Energy signs $450m deal for FLNG terminal in Iraq
US-based Excelerate Energy has signed a $450 million agreement with Iraq's Ministry of Electricity to build Iraq's first floating LNG import terminal at Khor Al-Zubair Port. The project includes deploying a Floating Storage and Regasification Unit (FSRU) with 170,000 cubic meters of storage capacity and a daily regasification capacity of 500 million cubic feet, scheduled for operation in 2026. The terminal will secure Iraq's gas supply and strengthen the Middle East's regional energy security layout.
3. Singapore's GasCo to start buying LNG in 2026
Singapore's state-owned GasCo plans to commence LNG procurement and operations from January 1, 2026. It has engaged potential suppliers for long-term contract discussions, aiming to ensure energy security and affordability through a mix of long/short-term contracts, diversified pricing, and supply origins, while also allowing spot purchases to address supply disruptions. Natural gas constitutes 95% of Singapore's energy mix. GasCo is exploring decarbonization pathways like cross-border green energy imports, while solar power, constrained by land availability, is projected to contribute no more than 10% of electricity supply by 2050.
4. Cool-down cargo likely headed for Golden Pass LNG
QatarEnergy's LNG carrier "Imsaikah" is expected to arrive at Port Arthur, USA, on December 1, to provide a cool-down cargo for the Golden Pass LNG export terminal. The terminal, a joint venture between QatarEnergy (70%) and ExxonMobil (30%), has an annual capacity of 18.1 million tonnes and is scheduled to start operations by the end of 2025, with its three trains coming online at six-month intervals.
5. Shell Q3 profits beat forecasts with LNG strong
Shell's Q3 2025 profit reached $5.4 billion, exceeding forecasts, driven primarily by $12.2 billion in operating cash flow and strong LNG performance. LNG liquefaction and sales volumes increased quarter-on-quarter to 7.3 million tonnes and 18.9 million tonnes respectively, with the Canada LNG project's first phase contributing 13 cargoes. Adjusted earnings rose by $1.2 billion quarter-on-quarter. The cancellation of the Rotterdam biofuels facility project cost $600 million. Shell also renewed a multi-year bio-LNG supply agreement with Hapag-Lloyd.
6. TotalEnergies CEO says Mozambique LNG ready to progress
TotalEnergies announced the restart of the Mozambique LNG project, targeting production start in 2029. The project budget increased to $20.5 billion, approximately $5 billion lower than previously rumored. Work was suspended in 2021 due to terrorist attacks but has now completed detailed design and procurement, entering the full construction phase. The company reported Q3 net income of $4 billion, with LNG business cash flow reaching $1.1 billion.
7. South Korea, US finalise trade negotiation details
The US and South Korea concluded trade negotiations, with South Korea committing to invest $20 billion annually in the US (totaling $350 billion over ten years) and procure 3.3 million tonnes per annum of US LNG. The US will reduce tariffs on South Korean automobiles and parts from 25% to 15%. Korea Gas Corporation had previously signed long-term US LNG purchase agreements with TotalEnergies and Trafigura.
8. Spain’s Repsol 3Q profit triples on refining, gas price
Spain's Repsol reported a Q3 2025 profit of €574 million (approximately $668 million), more than tripling year-on-year and marking a five-quarter high. Growth was mainly driven by refining margins doubling, a 14.7% increase in realized gas prices, and significantly lower inventory losses. Profits in both the Upstream and Customer segments grew year-on-year, and the Low-Carbon Power generation business returned to profit. The company reiterated that its 2025 oil and gas production will reach the upper end of the target range.
9. Venezuela focuses on gas flaring in GHG commitments
Venezuela, in its latest Nationally Determined Contribution (NDC), committed to reducing gas venting and flaring by 71% by 2030 compared to 2024 levels. It plans to invest $7 billion in emission reduction, including $1.1 billion for natural gas sector upgrades. Approximately half of the country's associated gas is currently wasted due to inadequate infrastructure. The new plan aims to enhance gas processing and transportation capacity and convert seven power plants to run on natural gas, achieving an additional 5.6 million tonnes of CO2 equivalent reduction. However, implementation is uncertain due to sanctions and funding shortages.
10. EU methane regulation stalls US-EU LNG deals
The EU's methane regulation is hindering long-term LNG supply contracts between the US and EU. The regulation requires EU importers, from 2028, to report methane emissions for imported gas under contracts signed or renewed after August 4, 2024. The fragmented nature of the US LNG supply chain makes it difficult for exporters to trace and guarantee methane intensity compliance. Qatar and the US are pressuring the EU to relax the rules. Senior US-EU dialogues are ongoing, and European energy traders have proposed introducing methane emissions certificates for compliance.
11. Jordan opens prequalification for Wadi Zarqa wastewater treatment plant project
Jordan's Water Authority (WAJ) has launched the prequalification process for the first phase of the Wadi Zarqa Wastewater Treatment Plant project. The project uses a Design-Build-Operate (DBO) model, financed by the European Investment Bank (EIB). The tender notice was issued on October 23. The first phase aims for a daily treatment capacity of 150,000 cubic meters by 2030, including supporting works like a 12-kilometer conveyance pipeline. A second phase will expand capacity to 350,000 m³/day. The project is open to domestic and international contractors, allowing consortia of up to three parties.
12. Two bidders compete for US$318 million Coquimbo Desalination Plant concession
The Coquimbo Region's Panul Bay desalination plant project in Chile has progressed, with Sacyr Agua Chile and the PDAM Mamanchay consortium submitting technical and financial bids. The $318 million project is Chile's first desalination plant under a concession model, with a total treatment capacity of 1,200 liters per second, set to benefit 400,000 people and alleviate long-term drought and water scarcity. The project award is expected in Q1 2026, creating an average of 1,000 jobs monthly during construction.
13. GHD to lead TasWater’s $100 million design framework for state-wide water upgrades
Australia's TasWater has selected engineering company GHD to lead its ten-year, AUD 100 million water infrastructure design framework, covering upgrades to dams, water supply, and sewerage systems. This framework is one of seven long-term partnerships under its Future Delivery Model, supported by four local consultancies, adopting a risk-sharing, outcome-focused collaboration model. This partnership is a key part of TasWater's five-year, AUD 2 billion investment plan to ensure reliable and sustainable water and sewerage services statewide.
14. United Utilities announces new partners for reservoir works worth £205 million
UK's United Utilities has selected eight companies to deliver reservoir-related works worth £205 million over the next decade. The company owns 184 reservoirs – the most in England – supplying 1.85 billion liters of water daily to 7 million people in the Northwest. This collaboration covers reservoir inspection, maintenance, and other works, forming part of its largest-ever century-scale water infrastructure investment. The company plans to invest over £13 billion in the next five years to secure water supplies and improve the water environment, aiming to ensure the daily supply of 1.85 billion liters of drinking water for 7 million Northwest residents while enhancing catchment environments.
15. ACCIONA is awarded the operation and maintenance of twelve wastewater treatment plants in Portugal
Spain's ACCIONA has been awarded a contract for the operation and maintenance of twelve wastewater treatment plants in the Upper Minho interior region of Portugal. The contract is for seven years (extendable by three years) and valued at €11.78 million. It covers facilities in seven municipalities, serving a population equivalent of over 108,000, and includes 66 pumping stations and 144 km of networks, promoting sustainable practices like emission and consumption reduction. This marks ACCIONA's first collaboration with Portuguese water utility Águas do Norte. ACCIONA has participated in over 70 infrastructure projects in Portugal.
16. Greece commits €2.5 billion to safeguard water resources amid intensifying drought
Greece has announced a €2.5 billion investment in a water resource security plan to address persistent drought. The country's average annual water resources are decreasing by 250 million cubic meters, with precipitation down 25% and consumption up 6%. Measures include water transfer projects, seawater desalination, and pipe network upgrades. It also plans to integrate the management of irrigation networks by the water companies of Athens and Thessaloniki, aiming to reduce current water transmission losses of 50%.