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AUSTRALIA APPROVES NORTH WEST SHELF GAS PLANT EXTENSION UNTIL 2070 AMID CLIMATE BACKLASH.
Australia has given final approval for Woodside’s Northwest Shelf liquefied natural gas (LNG) facility the country’s oldest and second largest to continue operating until 2070. The landmark decision follows a prolonged seven-year approval process marked by lawsuits, protests from environmental groups, and debates over Indigenous heritage preservation. While the extension secures Australia’s standing as a top LNG exporter and reassures strategic allies like Japan, critics have labeled the plant a “carbon bomb” that threatens to undermine climate targets and risk permanent damage to 50,000-year-old Murujuga rock art. The approval comes with 48 stringent environmental conditions, including steep emission reductions, but opposition remains fierce as the project raises questions over Australia’s balancing act between economic security and climate responsibility.
- 8 months, 2 weeks
NATURAL GAS AND OIL FORECAST: MIDDLE EAST TENSIONS AND TARIFF THREATS STIR MARKETS
Natural gas hovers near $3.11, supported by the 50-EMA, with potential to rise toward $3.28 if resistance at $3.08 clears. WTI and Brent crude oil remain bullish above key support zones, eyeing $64.25 and $68.42 respectively. Market sentiment is driven by OPEC+ actions, geopolitical tensions, and U.S. inventory data.
- 8 months, 3 weeks
TANZANIA, ALGERIA REGULATORS SEEK STRONGER COOPERATION IN OIL AND GAS.
The Petroleum Upstream Regulatory Authority (PURA) of Tanzania and Algeria’s Hydrocarbon Regulatory Authority (ARH) have agreed to strengthen cooperation through knowledge and experience sharing in oil and gas regulation. The partnership aims to enhance efficiency in managing technical aspects of petroleum projects and ensure sustainable sector growth in both countries.
- 8 months, 3 weeks
TANZANIA SEEKS STRONGER ENERGY TIES WITH ALGERIA’S SONATRACH.
Tanzania is strengthening energy ties with Algeria’s Sonatrach, focusing on training, knowledge transfer, and investment opportunities in its oil and gas sector. Sonatrach reaffirmed its commitment to support Tanzania in skills development and joint cooperation to unlock the country’s energy potential.
- 8 months, 3 weeks
OIL PRICE RISES ON MIDDLE EAST TENSIONS, TRUMP’S TARIFFS PUSH OVER RUSSIAN SUPPLY.
Oil prices rose after Israel’s strike in Qatar and Trump’s tariff push on Russian oil buyers, but gains were capped by weak global demand. Analysts warn that despite geopolitical tensions, rising inventories and OPEC+ output could keep oil markets under pressure.
- 8 months, 3 weeks
US TARIFFS WORSEN PETROCHEMICAL SECTOR CHALLENGES, EXECUTIVES WARN.
The global petrochemical sector is facing mounting turbulence as U.S. tariffs intensify pressure on trade flows, amplify overcapacity concerns, and force key players to rethink strategies. At the APPEC conference in Singapore, executives warned that the world’s largest producer, China, is being pushed to divert exports into Asia, disrupting traditional markets and reshaping industry dynamics. While some regions, like India, continue to show steady demand, the overall outlook remains clouded by shrinking trade volumes, investment uncertainty, and the spread of protectionist policies. This evolving environment threatens to alter not just business models but also the balance of power in global energy and manufacturing supply chains.
- 8 months, 3 weeks
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