Germany’s SEFE has signed a Heads of Agreement with Argentina’s Southern Energy for an eight-year LNG supply deal starting in 2027, marking Argentina’s first long-term LNG export contract and advancing the country’s entry into the global LNG market.
A U.S. judge approved Elliott Investment Management’s $5.9 billion bid for Citgo parent PDV Holding, clearing the way for the sale of the Venezuela-owned company after years of creditor litigation. The deal still awaits regulatory approval from OFAC.
Centrica Energy signed a 15-year LNG supply deal with Exodus to deliver six cargoes annually to Honduras, marking the country’s first natural gas imports for power generation starting in 2026.
Peru is seeking to restart long-stalled Amazon oil production to supply its expanded Talara refinery, but persistent spills, Indigenous resistance, and uncertainty surrounding the North Peruvian Pipeline (ONP) threaten the country’s midstream future.
Trafigura and Oldelval inaugurated a new 6.8-mile (11-kilometer) crude oil pipeline linking Oldelval’s Allen–Puerto Rosales system to the Bahía Blanca refinery, expanding export capacity for Argentina’s Vaca Muerta basin.
Argentina’s YPF expects major growth from its La Angostura Sur block as it ramps up shale oil output from Vaca Muerta and advances plans to become a leading LNG exporter.
Panama Canal Administrator Ricaurte Vásquez announced plans for a natural gas pipeline and new ports at both ends of the Canal to enhance trade reliability and meet growing U.S.-to-Asia energy demand. LPG volumes through the Canal are expected to double over the next decade.
The venture will use floating liquefaction units in Rio Negro province and could generate $20 billion in annual exports, positioning Argentina as a global LNG supplier.
EnerMech has secured a pipeline pre-commissioning contract from McDermott for Shell’s Manatee gas project offshore Trinidad and Tobago. The 115-km, 32-inch pipeline will support gas production of 604 MMscf/d by 2027, with EnerMech delivering nitrogen testing and dewatering services.
Venezuela’s oil ministry said it will ask President Nicolás Maduro to suspend all energy cooperation agreements with Trinidad and Tobago, including joint gas developments such as the 4.2 Tcf Dragon field led by Shell and NGC. The move follows growing political tensions between Caracas and Port of Spain.
The effort includes new routes under study, potential use of the Bolivia-Brazil pipeline, and a $5.1 billion investment plan for eight new projects led by the Energy Research Office.
Argentina has awarded TGS a $700 million contract to expand the Perito Moreno gas pipeline from the Vaca Muerta formation to Buenos Aires.
Argentina’s YPF and Italy’s Eni finalized an engineering agreement for the $40 billion Vaca Muerta LNG project, targeting first exports before 2029. The deal advances plans for floating liquefaction and major midstream expansion.
The Panama Canal reported a sharp increase in vessel traffic and revenue in fiscal 2025, with LPG shipments leading growth amid recovering bulk carrier volumes.
Eni and Argentina’s YPF are nearing a final investment decision on a 12 MMtpy liquefied natural gas export project in the Vaca Muerta basin, with a front-end engineering agreement expected this week, according to Italy’s foreign minister.
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