Daily Energy News | Oct 13, 2025

United States LNG exports hit a 6-month high amid Europe's storage push, with flows potentially exceeding 18 BCF/d soon as Cove Point facility resumes post-maintenance, while new pipelines enhance shale gas flow to Gulf terminals like Port Arthur, adding 2.5 BCF/d capacity.

Argentina Eni and YPF finalized an agreement for a 12 MMtpy LNG project in Vaca Muerta, advancing to final investment decision for exports, marking a significant milestone for South American LNG development.

UAE ADNOC Gas signed a 20-year LNG supply deal with Ruwais LNG worth $40 billion for feedstock contract for the new Abu Dhabi LNG plant, with the company viewing the upcoming LNG glut as a catalyst for long-term demand growth via lower prices.

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United States crude oil production has reached a record 13.6 million barrels per day, driven by Permian Basin efficiencies, while Beacon Offshore Energy's Shenandoah field in the Gulf of Mexico achieved a production milestone of 100,000 barrels per day, though commercial crude oil stocks increased by 3.7 million barrels indicating potential oversupply pressures.

Algeria Sonatrach signed a $5.4 billion exploration and production deal with Saudi Midad Energy, focusing on oil and gas fields, potentially boosting LNG export capacity long-term and strengthening regional energy cooperation.

Egypt BP has awarded a significant contract to Valaris for drilling five gas wells in the Mediterranean Sea offshore Egypt, boosting exploration in the region and enhancing potential LNG feedgas production.

Iran announced a major new gas and oil discovery in the southern Fars Province, potentially adding significant reserves to its portfolio, while the country ranks second globally in natural gas reserves after Russia with annual production leading the region at 244.2 billion cubic meters.

Pakistan and China inked RMB 5 Billion Deal to modernize water management systems, while the energy sector undergoes major transformation under SIFC (Special Investment Facilitation Council) coordination, signaling comprehensive infrastructure development.

Pakistan National Shipping bought two oil tankers to expand fleet with shares surging on the announcement, strengthening the country's petroleum logistics capabilities and reducing dependence on foreign shipping for energy imports.

Pakistan says it is implementing a national carbon market under German-funded climate initiative, while the Pakistan Business Forum calls for reduction in taxes and power tariffs as businesses urge urgent relief for economic revival.

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