Natural Gas News – August 17, 2026
Natural Gas News – August 17, 2026
Venezuela Awards Loran Gas License to BP, XRG
Venezuela has awarded a license to Britsh energy major bp, UAE-base XRG and Qatar- based UCC Holdingto explore and develop the second phase of the Loran offshore natural gas field. The agreement represents another step in Caracas’ efforts to attract internation investment, expand gas production and revive the country’s energy sector. According to bp, Venezuela’s acting President Delcy Rodriguez announced the license as the government seeks to place great emphases on natural gas development… https://tinyurl.com/2p8yv9yt
Argentina LNGSeeks RIGI Approval for $51B Project
Argentina LNG, the liquefied natural gas project backed by YPF, Eni and Abu Dhabi-based XRG, has applied for inclusion in Argentina’s Large Investment Incentive Regime, or RIGI, as the partners work toward a final investment decision by the end of 2026. The proposed integrated development would connect natural gas production from Argentina’s Vaca Muerta shale formation with processing, transportation and LNG export infrastructure… For More info go to https://tinyurl.com/5amedz2f
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