Indian gas distributor GAIL is considering acquiring up to a 26% stake in a liquefied natural gas (LNG) liquefaction plant or project in the US, reported Reuters, citing a document issued by the company.

The move comes in the wake of supply disruptions faced by GAIL in 2022 following the failure of delivery of LNG cargoes by Russia-owned Gazprom Marketing and Trading due to Western sanctions on Moscow over its invasion of Ukraine.

Natural gas processing and transportation firm Williams and has signed agreements with Chevron USA to support natural gas development in the Haynesville basin, as well as in the deepwater Gulf of Mexico.

Under the deals, Williams will offer natural gas gathering services to the Chevron-owned 26,000-acre field in the Haynesville basin, which covers parts of Texas, Arkansas and Louisiana.

Shell, through its subsidiary Shell Offshore, and Equinor have started production at the Vito deepwater platform in the US Gulf of Mexico.

The move comes approximately 14 years after the discovery of the Vito deepwater field. Shell discovered the Vito oil field in 2009. The field is spread over four outer continental shelf blocks in the Mississippi Canyon.

Malaysian energy major Petronas has offered ten exploration blocks and two clusters of discovered resource opportunities in its annual bid exercise, Malaysia Bid Round 2023 (MBR).

With the theme ‘Winning the Energy Transition with our Advantaged Energy’, the MBR 2023 saw the participation of more than 50 oil and gas companies, government agencies, foreign trade attachés, and energy market consultants.