Q3 2026 Activities

• Coastal Bend LNG LLC has requested the United States Federal Energy Regulatory Commission (FERC) to begin a pre-filing review of the Texas project, thereby initiating the formal permitting process. (5 August 2026, Rigzone)

• American LNG producers were unable to take advantage of a rally ​in global gas prices in July as maintenance and seasonally lower production kept export volumes largely unchanged ‌from the previous month. U.S. exports of liquefied natural gas slipped to 10.48 million metric tons (MT) in July from 10.6 MT in June, according to preliminary data from financial firm LSEG. (4 August 2026, Reuters)

• Sempra said it has extended the "commissioning process" for the ECA LNG project in Ensenada, Mexico, which already shipped its first cargo last month. (4 August 2026, Rigzone)

• Coastal Bend LNG announced today that it has initiated the formal permitting process for its proposed liquefied natural gas (LNG) export facility along the Texas Gulf Coast. Coastal Bend LNG submitted a request to the Federal Energy Regulatory Commission (FERC) to initiate the pre-filing review and expects to file its formal application with FERC under Section 3 of the Natural Gas Act in early 2027. (4 August 2026, Business Wire)

• A liquefied natural gas vessel controlled by Greek shipping company GasLog was stable after an incident while exiting the Strait of Hormuz, with everyone on board safe and accounted for, the company said. An "incident" had occurred on its Gaslog Shanghai LNG vessel on July 31, said GasLog in a statement. It did not provide details about the incident or whether the ship or its cargo had sustained any damage. (3 August 2026, MarineLink)

• The US said it had no role in redirecting the first Qatari liquefied natural gas shipment to transit the Strait of Hormuz in more than three weeks, according to Bloomberg. The Al Areesh, which had been idling in the Persian Gulf since loading at Qatar’s Ras Laffan export terminal in early July, transited the waterway early Thursday with its transponders switched on and was signaling Pakistan as its destination. (2 August 2026, The News, Pakistan)

• A Bermuda-flagged tanker transiting the Strait of Hormuz was struck by missiles overnight Saturday, while embassies in the region urged Americans to leave the Middle East ahead of a massive US and Israeli attack expected to target Iran’s energy infrastructure. The Gaslog Shanghai LNG ship, which was carrying liquefied natural gas, sustained damage to its engine room, rendering it inoperable off the Omani coast, Bloomberg reported, citing security intelligence sources. (1 August 2026, New York Post)

• Japan’s biggest buyer of liquefied gas has told media it has secured enough supplies until October and there is no risk of summer shortages during peak air-conditioning demand, Channel News Asia has reported. (31 July 2026, OilPrice.com)

• Italy became Europe’s top importer of liquefied natural gas in July as traders made use of government incentives to keep buying cargoes despite soaring prices, while neighbouring countries held back on costly purchases and allowed storage levels to lag. (31 July 2026, The Edge, Singapore)

• Uniper SE and Ksi Lisims LNG LP announced Wednesday an agreement for the long-term supply of Canadian liquefied natural gas (LNG) to Germany. German power and gas utility Uniper will buy two million metric tons (about 30 terawatt hours) per annum (MMtpa) of LNG from the British Columbia project for up to 20 years on a free-on-board basis, a joint statement said. Deliveries are to start 2032. (30 July 2026, Rigzone)

• QatarEnergy (QE) has bought 33 spot LNG cargoes this year from the U.S. for delivery to South Korea, Taiwan, Bangladesh, India ​and Japan, four trade and industry sources said, as it tried to reduce ‌disruption to key customers after Qatari gas exports through the Strait of Hormuz were halted by the Iran war. (30 July 2026, Reuters)

• Petroliam Nasional Bhd has penned an initial agreement to continue supplying liquefied natural gas (LNG) to Hokuriku Electric Power Co, the latest Japanese utility to recently tap Malaysia's national oil and gas company for LNG supply. (30 July 2026, Rigzone)

• A move by QatarEnergy to send an LNG carrier through the Strait of Hormuz is drawing wide attention and spurring speculation about future shipments. The LNG carrier Al Areesh (148,786 cbm) cleared the Strait, marking the first time an LNG carrier working for Qatar has made the transit in nearly three weeks. (30 July 2026, Maritime Executive)

• Eni, TotalEnergies sanction Cronos gas development offshore Cyprus. The project will connect Cyprus' Cronos gas field to Egypt's existing offshore and LNG infrastructure, creating the country's first producing gas development and targeting exports to European markets. (26 July 2026, Offshore)

• Abu Dhabi National Oil Co. is pushing on with liquefied natural gas exports from its Persian Gulf plant, even as renewed hostilities in the region force producers to curb visible traffic through the Strait of Hormuz. (29 July 2026, Rigzone)

• Two LNG carriers have been attacked in the Egyptian port of Damietta, which lies on the Mediterranean coast at the eastern end of the Nile Delta, in an apparent dramatic widening of the war in the region. (29 July 2026, Maritime Executive)

• Woodside Energy Group Ltd., Australia’s biggest natural gas exporter, said output slumped by more than a quarter in the three months through June after a cyclone that impacted operations and planned maintenance at its Pluto export plant. Gas production fell by 27% from a year earlier in the second quarter, while total output declined 18% to 41.3 MMboe, Woodside said Wednesday in a regulatory filing. Average realized prices rose 44% in the period, as the closure of the Strait of Hormuz impacted shipments from rival liquefied natural gas producers including Qatar. (29 July 2026, World Oil)

• Taiwan has suspended approximately 500,000 metric tons of liquefied natural gas purchases from Papua New Guinea every six months, removing roughly $800 million of spot-market demand after Port Moresby ordered the closure of Taipei’s representative office. (29 July 2026, OilPrice.com)

• The UAE is still exporting liquefied natural gas, despite the threat of strikes in the Strait of Hormuz. According to a Bloomberg report, an ADNOC LNG tanker appeared in the Persian Gulf earlier today, successfully exiting the Strait of Hormuz, reportedly with its location devices turned off to avoid detection. (29 July 2026, OilPrice.com)

• PetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter. (28 July 2026, World Oil)

• Some of the world’s biggest heavyweights in liquefied natural gas exports are interested in adding Cambodia to their client list as the Southeast Asian nation build sits first LNG-fueled power station. The United States, Australia, Canada, and some Southeast Asian countries are among those interested in supplying fuel for the new power plant, Cambodia’s energy minister, Keo Rottanak, told Bloomberg in an interview. (24 July 2026, OilPrice.com)

• Global liquefied natural gas exports grew by about 1.2 trillion cubic feet in 2025. The United States supplied approximately 1.10 trillion cubic feet of that increase. Put another way, roughly 93% of the world’s additional LNG came from the United States. (24 July 2026, OilPrice.com)

• A global fight for liquefied natural gas threatens to unravel Europe’s strategy of delaying winter purchases until the Strait of Hormuz reopens. Governments and energy companies ended last winter believing they could afford to delay rebuilding stockpiles, even as they hit the lowest levels since 2022. (24 July 2026, Financial Post)

• French oil major TotalEnergies (TTEF.PA), earns about $400 million annually from selling liquefied ​natural gas cargoes from Russia's Yamal LNG plant, TotalEnergies' ‌CEO told analysts on a results call on Thursday. (24 July 2026, Reuters)

• The war in the Middle East has diminished the negotiating power that key regional LNG exporters Qatar and the United Arab Emirates (UAE) have enjoyed for years. Importers of LNG from Europe to Asia plan to negotiate better terms in future long-term deals and ask for lower prices and higher contract flexibility, industry executives at LNG importing companies have told Reuters. (23 July 2026, OilPrice.com)

• QatarEnergy is preparing to further extend force majeure on liquefied natural gas shipments through mid-October, according to people with knowledge of the matter, in a move that would prolong the supply shock that has disrupted the global gas market amid war in the Middle East. (23 July 2026, Rigzone)

• The resumption of the Iran conflict, including the effective closures of the Strait of Hormuz and now the Strait of Bab el-Mandebhas driven up natural gas prices, particularly in Europe and Asia. (22 July 2026, OilPrice.com)

• The LNG market faces potential contraction in 2026 due to conflicts affecting Qatar and the UAE, but long-term growth remains strong, with capacity and demand projected to rise substantially by 2030 and 2050. (22 July 2026, Oil & Gas Journal)

• ADNOC announced, in a statement posted on its website this week, that it is accelerating its integrated global gas growth strategy with a $6.2 billion (AED22.6 billion) final investment decision (FID) to develop the Umm Shaif Gas Cap in Abu Dhabi alongside its international partners. (22 July 2026, Rigzone)

• The Shell PLC-led LNG Canada joint venture said it had signed an agreement allowing five First Nations neighboring the project in British Columbia to invest up to CAD 1 billion ($712.17 million) in phase 2. (20 July 2026, Rigzone)

• Petroliam Nasional Bhd (Petronas) has signed a new agreement to supply about 0.84 million metric tons of liquefied natural gas (LNG) to Shizuoka Gas Co Ltd. (20 July 2026, Rigzone)

• The profound growth of U.S. LNG is exceeding all expectations. That’s what Daniel Yergin, Vice Chairman of S&P Global, said in a statement sent to Rigzone recently, adding that, “what has become a $44 billion annual industry in just the last decade is now poised to be the country’s second largest net export within five years”. (20 July 2026, Rigzone)

• A new study projects that, under current conditions, US feedgas demand for LNG exports is expected to double to 36 bcfd within 5 years, 25% higher than previous base case projections. (17 July 2026, Oil & Gas Journal)

• Delfin's CEO, Dudley Poston, said securing manufacturing slots for critical long-lead equipment is “an important advancement in de-risking the project schedule as we work toward FID for the second vessel." (16 July 2026, Oil & Gas Journal)

• US LNG developer Glenfarne has unveiled a $500mn commitment from BlackRock-backed HPS Investment Partners as the firm steps closer to a final investment decision on its proposed 4mn t/yr (530mn ft³/d) Texas LNG export terminal. (15 July 2026, Argus Media)

• Global LNG trade reached a record 56.3 bcfd in 2025, with expanded US export capacity fueling most of the growth, according to the International Group of Liquefied Natural Gas Importers (GIIGNL), an industry association that tracks worldwide LNG trade. (15 July 2026, Oil & Gas Journal)

• Asia's imports of liquefied natural gas (LNG) are poised to hit a six-month high in July while Europe's imports plunge to their lowest in nearly two years. While some of the strength in Asia is because of seasonal demand during the summer peak, the weakness in Europe underscores just how far the second-biggest consuming region is falling behind in building inventories for winter demand. (13 July 2026, Reuters)

• The Strait of Hormuz reopened less than a month ago, but Dubai is already planning for the next closure. DP World is reportedly in talks to build a new multipurpose port and container terminal in Fujairah on the UAE's east coast, creating another shipping route that avoids Hormuz altogether. According to the Financial Times, construction could take as little as 18 months. The company has acknowledged it is pursuing diversification projects to get through future disruptions. (13 July 2026, OilPrice.com)

• XRG has expanded its stake in the Rio Grande LNG project, giving the UAE a larger role in one of America's most important LNG export facilities with Washington's apparent backing. (13 July 2026, OilPrice.com)

• Petronas LNG has signed a new LNG sale and purchase agreement (SPA) with Shizuoka Gas to supply approximately 0.84 million metric tonnes (mt) of LNG for seven years, commencing in 2032. (13 July 2026, Offshore Energy)

• Oil and LNG tankers are back to switching off transponders when transiting the Strait of Hormuz as the latest escalation in the region and last week’s Iranian attacks on commercial ships prompted vessel operators to brave the chokepoint unobserved. (13 July 2026, OilPrice.com)

• The list of large-scale energy infrastructure projects continues to grow. Rarely a day goes by without news of more data centres or power plants, plans for new or expanded airports and ports, or ambitious pipelines. Nuclear power plants are rising in stature too as the world demands clean, continuous electricity without greenhouse gases. (13 July 2026, GasWorld.com)

• The European Union imported a record 9.97 million metric tons of liquefied natural gas (LNG) worth €5.96 billion (~$6.82 billion) from Russia's Yamal LNG facility in the first half of 2026, marking a 16% increase compared to the same period in 2025 as they front-loaded Russian energy supplies ahead of impending phase-out bans. Kpler data shows that European buyers absorbed over 97% of the Siberian facility's total output during the first half of the year, despite years-long efforts to overcome dependency on Russian energy. (13 July 2026, OilPrice.com)

• New Zealand plans to sign a deal for its first LNG import facility before the November election, a step that could open a new destination for LNG shipping and add flexibility to the country’s power system. (12 July 2026, TankerMap)

• With passage through the Strait of Hormuz uncertain, Qatar must now delay its ramp-up of LNG production. What: Qatar’s plans to ramp-up LNG production have been put on hold after a Qatari LNG tanker was struck by a missile fired by Iranian forces. (11 July 2026, Intellinews)

• ADNOC Logistics & Services (ADNOC L&S) has ordered four next-generation LNG carriers valued at approximately $900 million, expanding its newbuild program to support growing global LNG demand and ADNOC's long-term gas growth strategy. The four vessels, each with a capacity of 175,000 m³, will be built by Jiangnan Shipyard in Shanghai and are scheduled for delivery in 2029. (10 July 2026, World Oil)

• Close to half a dozen liquefied natural gas carriers have gone into the Strait of Hormuz in the past few days and six have exited the strait, despite the recent return to hostilities between the United States and Iran. (10 July 2026, OilPrice.com)

• Abu Dhabi National Oil Co PJSC and Japan's Mitsui & Co Ltd have signed an agreement to explore potential joint projects across the energy value chain. (10 July 2026, Rigzone)

• Pakistan is urgently seeking to secure a liquefied natural gas (LNG) cargo after renewed hostilities in the Strait of Hormuz disrupted supplies from Qatar, forcing the country back into the costly spot market Bloomberg reported. (9 July 2026, Business Recorder)

• The Private Department of Sheikh Mohammed bin Khalid Al Nahyan (the “Private Department”) has today committed to invest $1.13bn in MidOcean Energy (“MidOcean” or the “Company”), a liquefied natural gas (LNG) company formed and managed by EIG. (7 July 2026, Business Wire)

Q2 2026 Activities and Opportunities

• Delfin Midstream said on Wednesday it has taken a positive ​final investment decision for the first floating liquefied natural ​gas (FLNG) vessel of the Delfin LNG project under development offshore ⁠Louisiana in the Gulf of Mexico. Delfin FLNG 1 will be ​the first floating liquefaction facility in the U.S. and the largest FLNG ​project globally, with an expected export capacity of 4.4 million tonnes of LNG per year.

• Liquefied natural gas deliveries to China are showing signs of recovery, as some buyers replace shipments disrupted by the conflict in the Middle East. The 30-day moving average for LNG imports has increased to the highest level since late February, according to ship-tracking data compiled by Bloomberg. Although that's still below the five-year average, the gap has shrunk to roughly half of what it was in early April. (Rigzone, 12 May 2026)

• Pakistan opted not to buy urgent cargoes of liquefied natural gas on the spot market, betting that hostilities which have closed the Strait of Hormuz will ease and cheaper supplies from Qatar will arrive soon. (Rigzone, 8 May 2026)

• Cheniere Energy (LNG) settled down 5.6% Thursday to its lowest in nearly two months after posting a $3.5B Q1 loss driven by billions of dollars in losses tied to derivative contracts, as the Middle East war upended energy markets. (MSN, 8 May 2026)

• Abu Dhabi National Oil Co. has managed to keep a trickle of liquefied natural gas exports moving through the Strait of Hormuz by concealing tanker locations, as established producers shift tactics to navigate the conflict. (Rigzone, 7 May 2026)

• Russia's exports of liquefied natural gas rose 8.6% in January to April to 11.4 ​million metric tons from the same period ‌last year due to supplies from the Arctic LNG 2 project, which reached 1 million tons in the first ​four months of the year, preliminary LSEG ​data showed on Tuesday. (Reuters, 5 May 2026)

• Camuzzi Gas Inversora and Vitol signed a Memorandum of Understanding (MoU) in connection with development of the LNG del Plata project. Vitol could purchase up to 100% of production and will evaluate an equity stake in the project. (Oil & Gas Journal, 5 May 2026)

• State producer QatarEnergy extended force majeure on its liquefied natural gas supply through mid-June, according to people familiar with the matter, as the Strait of Hormuz remains almost entirely closed to tanker traffic. (Rigzone, 4 May 2026)

• Australia’s Woodside Energy is having trouble finding buyers for the liquefied natural gas it produces at its Louisiana LNG plant, Reuters has reported, citing unnamed sources. The reason is that Woodside is asking for higher liquefaction fees than other LNG exporters in the United States. (OilPrice.com, 1 May 2026)

• Petroliam Nasional Bhd (Petronas) has signed a deal to give returning investor ENEOS Group a 10 percent ownership in Malaysia LNG (MLNG) Tiga Sdn Bhd. The agreement gives the Japanese energy company a 10-year stake in the facility in Sarawak state, after ENEOS' previous participation expired 2023. ENEOS' operated SK-10 Block is among offshore reservoirs supplying feed gas to the liquefaction project. (Rigzone, 1 May 2026)

• Woodside Energy Group Ltd said Wednesday its liquefied natural gas (LNG) shipments have not been impacted by the conflict in the Middle East and that it has largely avoided increased costs from higher carrier rates. (Rigzone, 29 April 2026)

• China’s imports of liquefied natural gas this month are expected to be the lowest since 2018, based on data from Kpler, Bloomberg has reported, citing soaring prices. April LNG arrivals are seen at 3.5 million tons, which would also be a 30% drop on a year ago, the report said. An earlier report by Reuters pegged China’s LNG imports for April at 3.36 million tons, again based on Kpler figures, comparing that to a total 7.66 million tons for December, during the seasonal demand peak. (OilPrice.com, 29 April 2026)

• French major TotalEnergies posted a $5.4bn net income in Q1, bolstered by a 12% jump in liquefied natural gas (LNG) production and trading activities during the current market volatility. (GasWold, 29 April 2026)

• The United States and U.S. companies signed deals worth billions of dollars with Balkan countries on Tuesday, boosting Washington's energy presence in the region ​and backing AI development. (Reuters, 29 April 2026)

• The first LNG vessel to cross the Strait of Hormuz since the end of February has exited the chokepoint and is currently nearing India’s shores, Bloomberg reported, citing tanker-tracking data. (OilPrice.com, 28 April 2026)

• Facebook's parent company said Monday it has signed up for potential capacity from a project to harvest solar power in space and another project to enable "ultra-long-duration" battery energy storage. (Rigzone, 28 April 2026)

• Shipyards are expected to deliver up to 100 new LNG carriers this year, up from 79 last year, as new projects in the U.S. and demand for new and more efficient vessels to replace retiring carriers drive increased orders despite the uncertainties stemming from the Middle East war. A record high number of 90-100 liquefied natural gas carriers (LNGC) are set to be delivered in 2026, according to estimates by analysts at Poten & Partners and Drewry, Reuters reports. (OilPrice.com, 27 April 2026)

• LNG carriers impacted by the Middle East war are expected to be the last to return to normal due to extremely high insurance risks and low risk tolerance for high-value cargoes. (GasWorld, 27 April 2026)

• Japan's biggest LNG importer and largest power producer, JERA, has secured its LNG supply through July and will adjust its procurement strategy to be more flexible amid the Middle East conflict that has trapped LNG supply behind the Strait of Hormuz. (OilPrice.com, 27 April 2026)

• Shell is doubling down on North American gas in a major bet on long-term LNG demand, agreeing to buy Canada’s ARC Resources in a $16.4-billion deal that will add roughly 370,000 barrels of oil equivalent per day to production and strengthen the supermajor’s position in one of the continent’s most strategic gas corridors. (OilPrice.com, 27 April 2026)

• Global orders to build liquefied natural gas carriers (LNGC) are set to rebound this year after a 2025 slump as growing LNG ​output and vessel fuel efficiency drive demand, industry executives and analysts say. (Reuters, 27 April 2026)

• Rio Grande LNG has requested an extension from the Federal Energy Regulatory Commission (FERC) to complete construction of its liquefied natural gas export terminal in Texas, according to an April 24 filing. (Pipeline & Gas Journal, 27 April 2026)

• The Government of Canada has unveiled a $25-billion sovereign investment vehicle aimed at accelerating large-scale energy and infrastructure projects, signaling increased federal support for oil, gas and LNG development.  (WorldOil.com, 27 April 2026)

• U.S. Department of the Interior has reached agreements with two offshore wind developers to terminate lease positions and redirect capital into conventional energy projects, marking a notable shift in U.S. energy policy and investment flows.  (WorldOil, 27 April 2026)

• Record-high U.S. LNG exports have managed to mitigate so far the shock supply loss from Qatar, but American exporters are unlikely to continue running facilities at full capacity for all of this year as maintenance and hurricane season are likely to curtail some supply in the coming months. (OilPrice.com, 27 April 2026)

• Europe is beginning the roll-out of a ban on imports of Russian liquefied natural gas at a difficult time, with the war in Iran seriously disrupting global supply. From Saturday, the European Union will prohibit purchases of Russian LNG on a short-term basis, known as the spot market. Supplies under long-term contracts can continue until the end of the year, but the ban could still create challenges. (Rigzone, 25 April 2026)

• U.S. LNG exporters have so far offset the drop in shipments from Qatar following Iranian attacks on its facilities and the closure of key Middle East shipping lanes, ensuring that total supplies remain at record highs despite the war. (Reuters, 24 April 2026)

• Pakistan is tapping the spot LNG market for the first time in nearly three years as the lack of fixed-term Qatari supply has triggered a power crisis and widespread outages. (OilPrice.com, 24 April 2026)

• Golden Pass LNG, designed to export about 18 million metric tons per annum (MMtpa), has dispatched its inaugural cargo. (Rigzone, 23 April 2026)

• Pakistan has been at the center of media coverage of the Middle East war as the country that took up the initiative to moderate peace talks. It also happens to be the country arguably most hurt by the war without being directly involved in the hostilities. (OilPrice.com, 21 April 2026)

• An LNG tanker has arrived at the Golden Pass ​facility in Texas to collect the plant's inaugural export ‌of the superchilled gas, the company confirmed on Monday, after finally beginning production earlier this year following prolonged delays in construction. (Reuters, 21 April 2026)

• Thanks to the more than $300 million services contract to Green Tug Towing, a joint venture of Harbor Docking & Towing and Saltchuk Marine, for the design and construction of four new tugs to be built at C&C Marine and Repair in Belle Chase and delivered to Louisiana LNG in 2028, Woodside and its contractors have now committed more than $1 billion to Louisiana suppliers for the foundational development of this LNG project. (Offshore Energy, 20 April 2026)

• The U.S.-flagged American Energy LNG carrier has reached one year of uninterrupted operations in March 2026, delivering 2 million cubic meters (approximately 549 million gallons) of U.S.-sourced LNG to Puerto Rico, enough to power about 1.2 million homes annually and reduce emissions by nearly 30% compared to diesel. (Offshore Energy, 17 April 2026)

• Exxon has withdrawn offers to sell initial LNG cargoes from the Golden Pass export project as the facility operates below capacity during startup. The plant, a joint venture with QatarEnergy, is still ramping up production following delays and cost overruns. (Pipeline & Gas Journal, 17 April 2026)

• Venture Global Inc said its subsidiary overseeing the Calcasieu Pass LNG project in Cameron Parish, Louisiana has entered into a $1.75 billion credit facility. (Rigzone, 17 April 2026)

• The US-Israeli war on Iran has been hugely damaging for Iran and for its noncombatant Gulf neighbors, which have suffered both widespread attacks and an inability to export oil and gas at customary levels. A country-by-country assessment shows these damaging effects are unevenly spread, with one or two countries seeing windfall revenues while others undergo devastating losses. (Oil & Gas Journal, 16 April 2026)

• In a market update sent to Rigzone on Wednesday, Rystad Energy noted that its analysis shows that repair and restoration costs for energy-linked infrastructure, as a result of war in the Middle East, could hit $58 billion. (Rigzone, 16 April 2026)

• NextDecade Corp.’s Rio Grande LNG LLC has awarded Honeywell International Inc. a contract to supply liquefaction process technology and equipment for Trains 4 and Train 5 of its 30-million tonne/year (tpy) plant, under development in Brownsville, Tex. The award was made through an agreement with engineering, procurement, and construction contractor Bechtel Energy Inc. (Oil & Gas Journal, 16 April 2026)

• The United States is in the midst of a historic expansion of its liquefied natural gas (LNG) export infrastructure. After a decade of rapid growth that transformed the U.S. from a minor player into the world’s largest LNG exporter, a new wave of projects under construction and recently sanctioned is poised to add more than 6 Bcf/d of incremental export capacity in the near term—primarily by the end of 2026—with even larger additions planned through 2029. This buildout, concentrated along the Gulf Coast, is supported by abundant domestic natural gas supply, strong global demand, and favorable policy tailwinds. (Energy News Beat, 16 April 2026)

• Colombian power plants are preparing to ramp up liquefied natural gas imports ahead of an expected El Niño, which would bring dry weather to the Andean country. (Rigzone, 15 April 2026)

• According to International Energy Agency Executive Director Fatih Birol, there is a “disconnect” between how markets are perceiving the energy crisis and the reality on the ground in the Middle East. (Atlantic Council, 14 April 2026)

• On Mar. 26, 2026, Commonwealth LNG LLC agreed to sell Glencore Ltd. an additional 1 million tonnes/year (tpy) of LNG for a term of 20 years from its planned 9.5-million tpy plant in Cameron Parish, La. The two companies had reached a 2-million tpy, 20-year agreement in March 2025. (Oil & Gas Journal, 14 April 2026)

• Iran said it would target all ports in and close to the Persian Gulf if its own shipping hubs are threatened, heightening the standoff over the Strait of Hormuz after the US announced plans for a blockade of Tehran-linked vessels. (Rigzone, 13 April 2026)

• The global LNG supply-demand balance is unlikely to be substantially altered by the announcement of a two-week ceasefire between the US and Iran, because of expected continued uncertainty over shipping insurance, security and production facilities. Just under 1.2mn t of LNG across 15 carriers remains trapped west of the strait of Hormuz, data from vessel tracker Kpler show. One vessel, the 155,000m³ Gaslog Skagen, has delivered to Kuwait's 24mn t/yr Al Zour LNG import terminal three times since the war in the Middle East began, and is charting a course for Al Zour at present. (Argus Media, 9 April 2026)

Q1 2026 Activities and Opportunities

• Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, reached first production of LNG from Train 1 at the export project in Sabine Pass, Tex. With first LNG completed, the joint venture advances work to deliver its first cargo, achieve sustained liquefaction operations, and meet its commercial and strategic objectives. (Oil & Gas Journal, 31 March 2026)

• A newly proposed liquefied natural gas project on Alaska’s North Slope is exploring whether sanctioned equipment originally built for Russia’s Arctic LNG 2 development could be repurposed – highlighting both the opportunities and geopolitical hurdles shaping the next phase of Arctic energy. (gCaptain Daily, 30 March 2026)

• Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has marked a major milestone towards full operations of its LNG production and export facilities by achieving first LNG production from the first of 3 LNG trains comprising the 18 million tons per annum project. (Qatar Energy, 30 March 2026)

• Business leaders are warning that the United States lacks the infrastructure to alleviate a global LNG shortage caused by the US-Israel war on Iran, which has kept a fifth of the world's energy supplies from leaving the Gulf. US President Donald Trump's commitment to fossil fuels has been typified by his "Drill, baby, drill" mantra and policies that have sidelined renewable energy. (The Mountineer, 27 March 2026)

• Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies. (Rigzone, 27 March 2026)

• In a report sent to Rigzone by the Standard Chartered team late Wednesday, Standard Chartered Bank Energy Research Head Emily Ashford warned that, in the company’s view, “the marked escalation in the U.S.-Iran conflict over the past week puts all energy assets and infrastructure in the region at risk”. (Rigzone, 27 March 2026)

• US liquefied natural gas remains the cornerstone of global energy security as geopolitical disruptions continue to expose vulnerabilities in gas supply chains, particularly for markets reliant on spot pricing, executives from Freeport LNG and Excelerate Energy said. Speaking at CERAWeek by S&P Global on Mar. 25, Michael Smith, chairman, chief executive officer, founder, Freeport LNG, said US gas exports have become essential to Europe since the disruption of Russian pipeline supplies. (Oil & Gas Journal, 27 March 2026)

• Supply disruptions linked to the US-Israeli war on Iran could delay construction of liquefied natural gas projects slated for development in the US, Freeport LNG CEO Michael Smith said on Wednesday at the CERAWeek energy conference in Houston. The US is the world’s largest LNG exporter and has more new capacity under construction than any other country. (Baird Maritime, 26 March 2026)

• Idemitsu Kosan Co Ltd said it is venturing into the liquefied natural gas (LNG) business with a $500 million investment in EIG's MidOcean Energy. (Rigzone, 26 March 2026)

• Elevated LNG costs from the US-Iran war could price out developing countries once seen as key sources of future demand growth from being able to afford supplies, LNG executives said this week. (Argus Media, 26 March 2026)

• With Qatar’s liquefied natural gas shipments taken offline from the Iran war, Houston-based Cheniere Energy has become the world’s leading LNG exporter and CEO Jack Fusco said he is literally answering phone calls of “Help!” from Asia as a potential supply crisis begins to unfold. (Yahoo Finance, 26 March 2026)

• Business leaders are warning that the United States lacks the infrastructure to alleviate a global LNG shortage caused by the US-Israel war on Iran, which has kept a fifth of the world's energy supplies from leaving the Gulf. US President Donald Trump's commitment to fossil fuels has been typified by his "Drill, baby, drill" mantra and policies that have sidelined renewable energy. (The Mountineer, 26 March 2026)

• JERA Co Inc has signed a deal with Dunkerque LNG SAS allowing the Japanese company to regasify up to about 1.5 million metric tons per annum (MMtpa) of liquefied natural gas or 2 billion cubic meters (70.63 billion cubic feet) of gas equivalent per year at the terminal in the namesake French coastal city. (Rigzone, 25 March 2026)

• Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of economy, energy security, and global supply chains, affecting all offshore energy and maritime realms across the globe, albeit to different degrees. (Offshore Energy, 25 March 2026)

• Given the reported damage and shutdowns impacting liquefied natural gas (LNG) assets, refineries, fuel terminals, and gas-to-liquids facilities across the Middle East region amid the military conflict between the U.S.-Israel alliance and Iran, Rystad Energy, an energy market intelligence group, estimates that the Gulf energy infrastructure has the potential to be saddled with $25 billion in repair costs. (Offshore Energy, 25 March 2026)

• Idemitsu Kosan Co Ltd said it is venturing into the liquefied natural gas (LNG) business with a $500 million investment in EIG's MidOcean Energy. "The investment marks the first step in our full-scale entry into the LNG business", the Japanese energy company said in an online statement. (Rigzone, 25 March 2026)

• Given the reported damage and shutdowns impacting liquefied natural gas (LNG) assets, refineries, fuel terminals, and gas-to-liquids facilities across the Middle East region amid the military conflict between the U.S.-Israel alliance and Iran, Rystad Energy, an energy market intelligence group, estimates that the Gulf energy infrastructure has the potential to be saddled with $25 billion in repair costs. (Offshore Energy, 25 March 2026)

• Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of economy, energy security, and global supply chains, affecting all offshore energy and maritime realms across the globe, albeit to different degrees. (Offshore Energy, 25 March 2026)

• Germany’s private operator of liquefied natural gas (LNG) terminals, Deutsche ReGas, has secured the go-ahead for the permanent operation of an energy terminal in Mukran with two floating storage and regasification units (FSRUs) using onboard gas generators. (Offshore Energy, 24 March 2026)

• Venture Global Inc has signed a deal to supply 1.5 million metric tons per annum (MMtpa) of liquefied natural gas (LNG) over 5 years to commodities trader Vitol Group. (Rigzone, 24 March 2026)

• In a statement posted on its website recently, QatarEnergy said it expects the damage to its Ras Laffan Industrial City caused by missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair. (Rigzone, 23 March 2026)

• Following the U.S. and Israel’s launch of a military campaign against Iran, which sparked the latest Middle East crisis, Iran closed the Strait of Hormuz, which caused QatarEnergy to halt LNG production and associated products at some of its assets, and followed the move with a declaration of force majeure to its LNG buyers. (Offshore Energy, 23 March 2026)

• Prime Minister Anthony Albanese has asked Australia’s Treasury to look into imposing a windfall tax on the country’s vast liquefied natural gas industry, to capitalize on soaring prices of the fuel.  (Rigzone, 21 March 2026)

• Gas Malaysia, a Malaysian natural gas provider, is all set to proceed with the development of a liquefied natural gas (LNG) regasification terminal project in Yan, Kedah. (Offshore Energy, 20 March 2026)

• With instability and vulnerabilities looming across global markets and power systems in the wake of the U.S. and Israeli attack on Iran, South Asia’s planned multibillion-dollar liquefied natural gas (LNG) infrastructure expansion is exposed to economic and energy security risks, according to Global Energy Monitor’s Asia Gas Tracker, a provider of comprehensive dataset of gas infrastructure across East Asia, South Asia, and Southeast Asia. (Offshore Energy, 20 March 2026)

• Missile attacks on Qatar’s Ras Laffan Industrial City on Mar. 18 have deepened concern over damage to critical gas infrastructure and sharply worsened the global gas and LNG market outlook, according to Wood Mackenzie analysis. Qatari LNG production has been shut down since early March, removing about 80 million tonne/year (tpy) of supply from the market, or roughly 19% of global LNG supply. The Mar. 18 strike damaged the Pearl GTL plant and a subsequent attack damaged LNG infrastructure, although the full extent of the impact remains under assessment. (Oil & Gas Journal, 20 March 2026)

• Attacks on Iran’s key energy assets, including the South Pars gas field, have heightened fears of prolonged conflict, impacting regional security, energy trade routes, and global energy markets. (Oil & Gas Journal, 20 March 2026)

• Tokyo-based Idemitsu Kosan is setting the stage for full-scale entry into the liquefied natural gas (LNG) business with its multimillion-dollar investment in MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG). (Offshore Energy, 20 March 2026)

• Iran’s South Pars gas field was hit on Wednesday (March 18) in the first reported strikes on Iran’s offshore energy infrastructure stemming from the conflict in the Middle East.  The attack prompted the government in Tehran to announce it would respond with attacks on oil and gas targets throughout the Gulf. Oil prices shot up after the attack, a major escalation in a war that has already ‌halted shipping from the world’s most important energy-producing region and could now bring lasting damage to its infrastructure. Benchmark Brent crude prices rose around 5% to above $108/bbl. (Offshore Magazine, 19 March 2026)

• The benchmark price of oil ultimately ended the day higher as escalating attacks in the Persian Gulf caused long-term damage to major energy facilities. Natural gas jumped. (Rigzone, 19 March 2026)

• Woodside Energy Group Ltd on Wednesday announced  a new chief executive in Elizabeth Westcott, who has already been serving in that capacity since late last year on an interim basis. The Australian liquefied natural gas-focused producer picked from within its ranks to replace Meg O’Neill, whom BP named CEO and successor for the resigned Murray Auchincloss on December 17, 2025. O’Neill is scheduled to take over at BP next month. (Rigzone, 19 March 2026)

• Eni SPA will develop deep water gas hubs in Indonesia. The operator has taken final investment decisions(FIDs) for the Gendalo and Gandang gas project (South Hub) and for the Geng North and Gehem fields (North Hub) offshore East Kalimantan. Gendalo and Gandang development includes drilling seven producing wells and installing deep‑water subsea production systems tied back to the Jangkrik floating production unit (FPU). The development lies in in 1,000–1,800 m of water. (Oil & Gas Journal, 19 March 2026)

• President Donald Trump pressed for a de-escalation of attacks on Middle East energy assets after Iranian and Israeli strikes on major gas hubs jolted global markets. (Rigzone, 18 March 2026)

• Iran set a massive natural gas field in the United Arab Emirates ablaze as it steps up attacks on key energy sites, while US President Donald Trump appealed to allies and the likes of China to help reopen the Strait of Hormuz. The drone attack on the Shah field, close to the UAE's border with Saudi Arabia, marks the first time Iran has damaged an oil or gas upstream facility in the country during the war. The UAE government said operations were suspended and that there no injuries at the field, jointly operated by Abu Dhabi National Oil Co. and Texas-based Occidental Petroleum Corp. (Rigzone, 17 March 2026)

• Azule Energy, BP PLC and Eni SpA's 50-50 joint venture in Angola has begun producing natural gas in the Quiluma shallow-water field, which has an initial capacity of 150 million cubic feet a day (MMcfd). Quiluma, the Central African country's first non-associated gas project, is expected to ramp up production to up to 330 MMcfd by year-end, BP and ENI said in separate press releases on Tuesday. Output is treated at an onshore processing facility and then delivered to the Angola LNG plant for export. (Rigzone, 17 March 2026)

• Venture Global Inc has made a final investment decision (FID) to proceed with the second phase of the CP2 LNG project in Cameron Parish, Louisiana, whose phase 1 is still under construction. Concurrently, the Arlington, Virginia-based developer said it has sealed $8.6 billion in financing for phase 2, which, according to Venture Global, would make the company the biggest exporter of United States liquefied natural gas (LNG). (Rigzone, 17 March 2026)

• In its latest short-term energy outlook (STEO), the U.S. Energy Information Administration (EIA) noted that “reductions in the flow of liquified natural gas (LNG) through the Strait of Hormuz have caused natural gas prices in Europe and Asia to increase” but added that it expects U.S. natural gas prices “to be relatively unaffected by this development”. (Rigzone, 17 March 2026)

• Greece is positioning itself as a key gas hub for central and southeastern Europe as the continent moves toward a full phaseout of Russian energy, Prime Minister Kyriakos Mitsotakis said. The country has shifted from “a country which was sitting on the periphery of the European energy system into a core player when it comes to southeastern Europe,” Mitsotakis said at a Bloomberg event in Athens. (Financial Post, 17 March 2026)

• Japan’s petroleum refiner Idemitsu Kosan has committed $500 million to LNG investment company MidOcean Energy as part of MidOcean’s equity raise of $1.2 billion, as the Japanese refining giant is looking to enter the global LNG business on a full-scale basis. (OilPrice.com, 17 March 2026)

• The current helium supply shock exemplifies the extreme fragility inherent in critical materials markets, where single facility disruptions can cascade into global price crises. Unlike petroleum reserves or mineral stockpiles, which can buffer supply interruptions, helium's atomic properties create a fundamentally different risk profile that reached critical levels in 2026. (Discovery Alert, 17 March 2026)

• Global demand for liquefied natural gas is estimated to rise by 54-68% by 2040 and 45-85% by 2050 from 422 million metric tons in 2025, boosted by growing Asian appetite for the fuel, Shell (SHEL.L), opens new tab, the world's ​biggest LNG trader, said on Monday. (Reuters, 17 March 2026)

• Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials said. This comes as the US-Israeli war on Iran chokes liquefied natural gas (LNG) shipments, and soaring prices threaten to suppress LNG demand. (The Business Times, 17 March 2026)

• US Energy Secretary Chris Wright Mar. 13 authorized an immediate 13% increase in LNG exports at Venture Global’s Plaquemines plant in Louisiana to help blunt the surge in global natural gas prices following US military strikes on Iran. (Oil & Gas Journal, 17 March 2026)

• Chris Wright, U.S. Secretary of Energy, has authorized an immediate 13% increase in exports at Venture Global’s Plaquemines LNG terminal in Louisiana, allowing additional exports of up to 0.45 billion cubic feet per day (bcf/d) of U.S. natural gas as LNG to non-free trade agreement (FTA) countries. (Offshore Energy, 16 March 2026)

• Interest in the Alaska LNG export project has spiked since the war in the Middle East choked 20% of global LNG supply and sent Asian buyers scrambling for expensive spot cargoes.  (OilPrice.com, 16 March 2026)

• The United States Department of Energy (DOE) has granted Venture Global Inc authorization to raise exports from its Plaquemines LNG facility in Louisiana to non-FTA countries by 0.45 billion cubic feet per day (Bcfpd) of gas equivalent, or 13 percent. (Rigzone, 16 March 2026)

• Asia is the biggest market for liquefied natural gas. Asia is also the destination of up to 90% of Qatari and Emirati LNG—or was, until this month. With the shutdown of Qatar’s Ras Laffan LNG complex and the Strait of Hormuz traffic disruption, Asia is facing a lot of energy supply pain. (OilPrice.com, 15 March 2026)

• Japan's industry minister Ryosei Akazawa on Saturday asked Australia, Japan's biggest supplier of liquefied natural ​gas, to boost output in light of the Middle ‌East crisis. Japan relies on the Middle East for around 11% of its LNG imports, with 6% shipped via the Strait of Hormuz, ​which is effectively closed due to the U.S.-Israeli war on ​Iran. Japan also depends on the region for ⁠about 95% of its crude oil supplies. (Reuters, 14 March 2026)

• MidOcean Energy has agreed to acquire JERA Co. Inc.’s 0.417% interest in the Chevron Corp.-operated Gorgon LNG project, increasing its stake to 1.417%. (Oil & Gas Journal, 13 March 2026)

• Asian buyers of liquefied natural gas (LNG) are preparing for the war in the Middle East to disrupt deliveries for months, as a prolonged outage at the world’s largest export plant threatens tighter supply and higher prices. Companies in Thailand are looking to buy LNG cargoes for delivery till May, according to traders with knowledge of the matter. (Business Times, 12 March 2026)

• The Czech Republic is in talks with the United States for the supply of 1.5 billion cubic metres of liquefied natural gas, the industry minister was quoted as saying on Thursday by Hospodarske Noviny. (Global Banking & Finance Review, 12 March 2026)

• Qatar on Tuesday assured the European Union that the Gulf state remains a "reliable energy supplier" amid the ongoing war in the Middle East. That was according to a brief online statement by the European Commission about a meeting between its director-general for energy, Ditte Juul-Jorgensen, and Qatari Energy Minister Saad Sherida Al-Kaabi. (Rigzone, 11 March 2026)

• The suspension of LNG production in Qatar is likely to offset most of the projected surplus of liquefied natural gas for the current year. This forecast was made by the Morgan Stanley banking holding company, according to Bloomberg. According to Morgan Stanley analysts, any continuation of disruptions to LNG supplies from Qatar for more than a month will quickly lead to a shortage. Before the escalation of the conflict in the Middle East, Morgan Stanley predicted that the global LNG market, with a volume of approximately 420 million tons per year in 2026, would face a surplus of up to 6 million tons amid the launch of new projects in the US and other countries. (GMK Center, 9 March 2026)

• Argentina signed its first long-term LNG export agreement through Southern Energy SA’s (SESA) contract with Securing Energy for Europe GmbH (SEFE), committing 2 million tonnes/year (tpy) of LNG for an 8-year term with deliveries starting in late 2027. (Oil & Gas Journal, 7 March 2026)

• Argentina signed its first long-term LNG export agreement through Southern Energy SA’s (SESA) contract with Securing Energy for Europe GmbH (SEFE), committing 2 million tonnes/year (tpy) of LNG for an 8-year term with deliveries starting in late 2027. (Oil & Gas Journal, 7 March 2026)

• The Port Arthur and Corpus Christi LNG facilities in Texas helped lift offtake agreements last year. The future is uncertain, however, as Japan restarts its nuclear energy program, displacing gas imports. (Industrial Info Resources, 4 March 2026)

• The U.S. has little spare capacity to quickly lift output of ​liquefied natural gas and offset lost supply after Qatar halted production due to the conflict in the Middle East, according to Reuters calculations and industry analysts. (EnergyNow.com, 4 March 2026)

• The US Department of Energy on Feb. 26 granted approval to Cheniere Energy Inc. to expand exports from its Corpus Christi LNG plant. The new authorization permits additional imports of up to 470,000 Mcf/d (12%) to non-Free Trade Agreement countries from Trains 8 and 9 of the Corpus Christi Stage 3 project, also known as Corpus Christi Liquefaction (CCL) Midscale 8-9. The order brings total export authorization to 4.45 bcfd, making the plant the US’s second-largest LNG export project. (Oil & Gas Journal, 3 March 2026)

• Despite initial market volatility, oil storage levels and pre-positioned supplies have mitigated immediate price shocks. However, ongoing tensions and insurance issues continue to threaten the stability of global energy markets and present opportunities for US LNG exports. (Oil & Gas Journal, 3 March 2026)

• Qatar’s national energy company, QatarEnergy, announced on March 2 that it suspended liquified natural gas (LNG) production “due to military attacks” on its main facilities. QatarEnergy also reportedly declared force majeure, legally allowing the company to skip contracted deliveries without penalty. Energy prices soared, with gasoil futures experiencing their largest single-day increase in four years. (FFD, 3 March 2026)

• Venture Global Inc. chief executive officer Mike Sabel said Mar. 2 that the company’s fleet of owned and leased ships gives it an edge in an LNG market rattled by the latest US and Israeli strikes on Iran. Sabel spoke after Venture Global reported fourth-quarter net earnings of nearly $1.2 billion on more than $4.4 billion in revenues, but the focus of a substantial part of his conversation with analysts was on the weekend’s conflict in the Middle East. (Oil & Gas Journal, 3 March 2026)

• QatarEnergy has suspended work on its the North Field Expansion (NFE) project due to the US-Iran conflict in the Persian Gulf that began on February 28, 2026. The suspension of the NFE project is part of a cessation of LNG production at Qatar’s Ras Laffan and Mesaieed industrial cities following targeted Iranian drone strikes on these facilities. (Offshore Magazine, 3 March 2026)

• Following a 40% surge on Monday, Europe's benchmark natural gas prices soared by another 30% at opening on Tuesday as the halt of LNG production in Qatar, the world's second-largest LNG exporter, roiled global gas markets and put energy security in Asia and Europe at risk. The front-month Dutch TTF Natural Gas Futures, the benchmark for Europe's gas trading, jumped by 34% at opening before paring some gains, but they were still 26% higher since Monday's close as of 8:30 a.m. in Amsterdam on Tuesday. (OilPrice.com, 3 March 2026)

• Crude oil prices surged following coordinated US and Israeli strikes on Iranian military targets on Feb. 28, heightening geopolitical tensions and fueling concerns over potential supply disruptions through the Strait of Hormuz, one of the world’s most critical energy chokepoints. Iran retaliated with missile and drone attacks against US bases and regional allies, further amplifying market uncertainty. (Oil & Gas Journal, 3 March 2026)

• The US Department of Energy on Feb. 26 granted approval to Cheniere Energy Inc. to expand exports from its Corpus Christi LNG plant. The new authorization permits additional imports of up to 470,000 Mcf/d (12%) to non-Free Trade Agreement countries from Trains 8 and 9 of the Corpus Christi Stage 3 project, also known as Corpus Christi Liquefaction (CCL) Midscale 8-9. The order brings total export authorization to 4.45 bcfd, making the plant the US’s second-largest LNG export project. (Oil & Gas Journal, 3 March 2026)

• Naftogaz Group has secured the services of another terminal, this time in Lithuania, for the import of liquefied natural gas (LNG) into Ukraine. Lithuania's state-owned integrated energy services provider Ignitis Group signed a deal to deliver a cargo of United States-produced LNG amounting to 90 million cubic meters (3.18 billion cubic feet) to Ukraine's state-owned integrated energy company Naftogaz. (Rigzone, 3 March 2026)

• QatarEnergy has suspended liquefied natural gas (LNG) production following a drone attack, straining the global LNG market. On Monday, Iranian drones struck two sites, according to Qatar’s Ministry of Defence: a water tank at a power plant in Mesaieed Industrial City and an energy facility in Ras Laffan belonging to QatarEnergy, the world’s largest LNG producer. (Al Jazeera, 2 March 2026)

• Venture Global, Inc. (NYSE: VG) and Trafigura announced the execution of a new, binding agreement for the purchase of approximately 0.5 million tonnes per annum (MTPA) of U.S. liquefied natural gas (LNG) from Venture Global for five years commencing in 2026. This mid-term agreement offers greater flexibility to customers in the global LNG market and provides greater diversification for Venture Global’s LNG portfolio. (Venture Global, 2 March 2026)

• Glenfarne Group LLC subsidiary Glenfarne Alaska LNG LLC, majority owner and developer of the Alaska LNG project, signed a letter of intent with TotalEnergies for long-term LNG offtake. The preliminary agreement calls for Glenfarne to supply TotalEnergies with 2 million tonnes/year (tpy) of LNG from Alaska LNG for 20 years, subject to a positive final investment decision on the project. (Oil & Gas Journal, 28 February 2026)

• Oil and gas tankers are increasingly avoiding the Strait of Hormuz, the shipping lane that links the oil-rich Persian Gulf to the open seas, after the US and Israel bombed Iran. A large number of vessels are holding outside the waterway, while some already transiting have turned back. (Rigzone, 28 February 2026)

• Venture Global Inc signed a 20-year deal to sell 1.5 million metric tons per annum (MMtpa) of United States liquefied natural gas (LNG) to Hanwha Aerospace Co Ltd. (Rigzone, 27 March 2026)

• Glenfarne Group LLC has executed a letter of intent with TotalEnergies SE for the French energy giant to buy 2 million metric tons per annum (MMtpa) of liquefied natural gas over 20 years from the under-development Alaska LNG. (Rigzone, 27 February 2026)

• Cheniere Energy Inc. subsidiary Cheniere Marketing International LLP agreed to a long-term LNG supply deal with state-owned oil and gas company CPC Corp., Taiwan. Under the sales and purchase agreement, CPC has will purchase up to 1.2 million tonnes/year (tpy) of LNG on a delivered basis from 2026 through 2050 with a purchase price indexed to Henry Hub, plus a fixed fee. (Oil & Gas Journal, 27 February 2026)

• QatarEnergy has let a contract to Technip Energies related to the onshore North Field West (NFW) project. Technip Energies will provide engineering, procurement, construction, and commissioning (EPCC) services related to two LNG trains, each with a capacity of 8 million tonnes/year (tpy). The trains will replicate the two under construction by Technip Energies and Consolidated Contractors Co. (CCC) for the North Field South (NFS) project. (Oil & Gas Journal, 26 February 2026)

• Cheniere Energy, Inc. has celebrated the 10th anniversary of its first export cargo of LNG. On 24 February 2016, Cheniere loaded the Asia Vision with LNG produced at its Sabine Pass Liquefaction terminal in Cameron Parish, Louisiana. The Cheniere-chartered vessel departed the terminal at 7:25 p.m. local time, ushering in a new era for Cheniere, as well as for domestic and global energy markets, marking the first commercial LNG cargo exported from the US lower 48 states. (LNG Industry, 26 February 2026)

• Naftogaz Group is set to receive liquefied natural gas (LNG) via a terminal in Germany for the first time, opening up a new route for the import of gas into Ukraine, the Ukrainian state-owned integrated energy company said Monday. (Rigzone, 24 February 2026)

• Indonesia’s government has granted INPEX Masela environmental approval for the Abadi LNG project offshore/onshore eastern Indonesia. The approval is based on the Environmental and Social Impact Assessment. Work continues on Front-End Engineering and Design. (Offshore Magazine, 24 February 2026)

• Gujarat State Petroleum Corp (GSPC) has finalized a 10-year deal to buy 0.5 million metric tons per annum (MMtpa) of liquefied natural gas (LNG) from German power and natural gas utility Uniper SE. Deliveries are scheduled to start January 2028 and would be received at LNG terminals on the west coast of India. (Rigzone, 23 February 2026)

• Inpex Masela, a joint venture between Inpex and the Japan Organization for Metals and Energy Security (JOGMEC), has received environmental approval for the Abadi LNG project from the government of Indonesia based on the environmental and social impact assessment. (Offshore Energy, 20 February 2026)

• Santos has executed a binding term sheet with the South Australian government for the long-term supply of gas to support the transformation of the Whyalla Steelworks into a low-emissions green iron facility, subject to certain conditions. The ten-year term is for 20PJ of gas per year delivered ex-Moomba, with the first gas starting from March 1, 2030, coinciding with the expiry of the company’s Horizon contract with the GLNG joint venture. (Offshore Energy, 20 February 2026)

• MISC, Malaysia’s owner and operator of offshore floating and energy-related maritime solutions and services, has signed on the dotted line with ExxonMobil PNG (EMPNG), a subsidiary of the U.S.-based energy giant ExxonMobil, for a new floating storage and offloading (FSO) unit, which is destined to work at a liquefied natural gas (LNG) project located in Papua New Guinea, Oceania. (Offshore Energy, 19 February 2026)

• New Zealand’s Ministry of Business, Innovation and Employment (MBIE) has selected Australia’s engineering company Worley as client engineer and technical advisor for the development of the country’s liquefied natural gas (LNG) import terminal. (Offshore Energy, 18 February 2026)

• LNG buyers are adapting procurement strategies in response to shifting global energy dynamics, according to a new study by McKinsey & Company. The 2025 LNG Buyers’ Survey, the biennial survey of 41 companies across 17 countries, reveals that flexibility, supply diversification, and balanced contract structures are now top priorities as the LNG market evolves from a period of sharp price spikes to one of relative balance. (Oil & Gas Journal, 5 February 2026)

• Qatar’s state-owned oil and gas giant QatarEnergy has sealed long-term liquefied natural gas (LNG) deals with Malaysia’s Petronas, Japan’s Ministry of Economy, Trade and Industry (METI), and JERA, the country’s largest power generation company. (Offshore Energy, 4 February 2026)

• Commonwealth LNG (“Commonwealth”) today announced the signing of an LNG Sale and Purchase Agreement (“LNG SPA”) with Mercuria Energy Trading S.A. (“Mercuria Trading”) to provide 1 million tonnes per annum (Mtpa) of LNG for 20 years from the Commonwealth LNG export facility in Cameron, Louisiana and a Gas Supply Agreement (“GSA”) with Mercuria Americas (together with Mercuria Trading, “Mercuria”) for the supply of a corresponding quantity of natural gas to Commonwealth. Mercuria is one of the world’s largest independent energy and commodities traders. (Commonwealth LNG, 3 February 2026)

• JERA Co., Inc. (“JERA”), a global energy leader and Japan’s largest power generation company, today announced the signing of a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with QatarEnergy to secure the supply of 3.0 million tonnes per annum (MTPA) for 27 years, with deliveries expected to commence in 2028. (Jera, 3 February 2026)

• Wood Mackenzie notes that building constraints and emissions rules are tightening the ordering window, with more than 650 LNG carriers required by 2040

• Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has offered insight into its agreement with Worley Field Services, an affiliate of Australia’s engineering company Worley, for a second segment of its LNG export project in Louisiana, United States. (Offshore Energy, 3 February 2026)

• France’s energy giant TotalEnergies has hit the reset button for the construction of a multibillion-dollar liquefied natural gas (LNG) development off the coast of Mozambique. The reignition comes almost five years after the project was put on ice, with force majeure declared in April 2021. (Offshore Energy, 29 January 2026)

• India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) has pooled resources with Petronet LNG Limited (PLL) to strengthen the country’s liquefied natural gas (LNG) value chain.‍ ‍ONGC signed a master regasification agreement (MRA) with Petronet LNG to enable spot LNG cargo unloading and regasification at the Dahej terminal on January 27, 2026. (Offshore Energy, 28 January 2026)

• Oil major Shell (SHEL.L), and Japanese conglomerate Mitsubishi Corp (8058.T), are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project. (Reuters, 17 January 2026)

• Singapore has opened applications for new licenses to supply liquefied natural gas (LNG) as a marine fuel at the Port of Singapore. (Rigzone, 16 January 2026)

• Texas LNG Brownsville LLC, part of Glenfarne Group LLC, has signed a definitive 20-year agreement with RWE Supply & Trading for the supply of 1 million tonnes/year (tpy) of LNG from the 4-million tpy Texas LNG export plant to be constructed in the Port of Brownsville, Tex. (Oil & Gas Journal, 16 January 2026)

• JERA Co Inc and Woodside Energy Group Ltd have finalized an agreement for the Australian company to export liquefied natural gas (LNG) to the Japanese power utility in the winter months for five years. (Rigzone, 15 January 2026)

• Saudi Aramco (2223.SE), and Commonwealth LNG have signed a long-term contract for the U.S. LNG developer to supply the world's largest oil exporter with 1 million metric tonnes per annum (mtpa). (Reuters, 15 January 2026)

• MidOcean Energy LLC, a liquefied natural gas company founded by EIG, is in talks to join Argentina's signature LNG venture, according to people familiar with the matter. The $20 billion project led by state-run YPF SA and Italy's Eni SpA envisages construction of at least two floating liquefaction vessels with annual capacity for 12 million tons off Argentina's Atlantic coast. (Rigzone, 15 January 2026)

• Mozambican President Daniel Chapo expects TotalEnergies SE’s $20 billion liquefied natural gas project to restart as early as this month, reviving a potentially key revenue source for the cash-strapped government. (Rigzone, 15 January 2026)

• RWE Supply & Trading, and Texas LNG Brownsville LLC, part of Glenfarne Group, LLC (Glenfarne), have signed a 20-year sales and purchase agreement for one million tonnes per annum (MTPA) of liquefied natural gas (LNG). This corresponds to approximately 13 cargoes of LNG and approximately 1.4 billion cubic meters (BCM) per year of natural gas respectively.  (RWE, 15 January 2025)

• Gulf Development Public Company Ltd has signed a long-term LNG sales and purchase agreement (SPA) with ENGIE. This 15-year strategic partnership is designed to reinforce Thailand's energy supply chain and ensure long-term stability for the Thailand’s power sector. (LNG Industry, 14 January 2026)

• Coastal Bend LNG has let a contract to KBR Inc. and Técnicas Reunidas for the front-end engineering and design (FEED) of its planned 22.5 million tonnes/year (tpy) natural gas liquefaction and export plant on the Texas Gulf Coast. (Oil & Gas Journal, 14 January 2026)

• Woodside Energy Group Ltd. received the floating production unit (FPU) at Scarborough gas field 375 km off the coast of Karratha, Western Australia. The FPU will process gas at the field. The unit is about 70,000 tonnes and completed its journey from China to Australia after being towed more than 4,000 nautical miles. (Oil & Gas Journal, 14 January 2026)

• Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has set the wheels in motion to secure a new deal for its liquefied natural gas (LNG) export development in Alaska by signing a non-binding letter of intent (LOI) with Donlin Gold, the developer of a mine with the same name owned by NOVAGOLD RESOURCES and Paulson Advisers. (Offshore Energy, 8 January 2026)

• Commonwealth LNG main contractor Technip Energies NV has tapped Honeywell International Inc for integrated liquefied natural gas pretreatment and liquefaction solutions for the Louisiana project. (Rigzone, 8 January 2026)

• QatarEnergy said Sunday it had signed a deal with Egyptian Natural Gas Holding Co to supply up to 24 cargos of liquefied natural gas (LNG) to the North African country for summer 2026. (Rigzone, 5 January 2026)

• Natural gas is set to drive Africa’s next energy growth phase, with sub-Saharan Africa—rather than traditional hubs like Egypt and Algeria—expected to deliver most of the continent’s future gas and LNG expansion. LNG exports from sub-Saharan Africa are forecast to jump ~175% by 2034. Reforms and major FIDs are unlocking investment, with Nigeria securing over $8 billion in gas project approvals, Mozambique restarting stalled mega-projects, and Tanzania moving closer to a final investment decision that could reshape its economy. (OilPrice.com, 3 January 2026)

• U.S. liquefied natural gas exports set new records in 2025 as new capacity came online and existing terminals ran at high utilization, pushing annual shipments past levels previously thought years away. Preliminary data from LSEG show the United States exported 111 million metric tons of LNG last year, making it the first country to surpass the 100-million-ton threshold in a single year. That volume puts U.S. exports nearly 20 million tons ahead of Qatar and about 23 million tons above 2024 levels, reinforcing the country’s position as the world’s largest LNG supplier. (OilPrice.com, 2 January 2026)

• Russia’s Novatek exported 21 cargoes of liquefied natural gas to China from its Arctic LNG 2 facility last year, data from Kpler cited by Reuters has shown. Arctic LNG 2 is under EU and U.S. sanctions. (OilPrice.com, 2 January 2026)

• With energy security still at the forefront, several liquefied natural gas (LNG) projects have been given the green light to proceed to production mode across the globe, with the United States (U.S.) running the show. As a result, 2025 marked the start of the next wave of LNG projects that are anticipated to enrich the global energy mix. (Offshore Energy, 1 January 2026)

Q4 2025 Activities and Opportunities

• European natural gas prices are heading for a sharp annual drop despite unusually low inventories, a sign of how dramatically the market has changed since the energy crisis as a wave of LNG reshapes supply expectations. (Rigzone, 31 December 2025)

• Exports are estimated to have risen 4 percent from last year to 429 million tons, according to Kpler, which tracks shipping data. That'd be the largest annual increase since 2022, when exports climbed 4.5 percent from the year before, the data showed. The rise was largely driven by projects like LNG Canada and Plaquemines in the US ramping up output. (Rigzone, 30 December 2025)

• Southern Energy (SESA), a consortium of Pan American Energy (PAE), YPF, Pampa Energía, Harbour Energy, and Golar LN, signed a framework agreement earlier this month with Germany’s Securing Energy for Europe (SEFE) for the long-term sale of LNG. (Oil & Gas Journal, 30 December 2025)

• Woodside Energy Group Ltd said Monday it had signed an agreement to supply Turkiye's state-owned Boru Hatlari ile Petrol Tasima AS (BOTAS) about 500,000 metric tons a year of liquefied natural gas for nine years, mostly from the under-construction Louisiana LNG project. (Rigzone, 29 December 2025)

• Baker Hughes said it had received a "full notice to proceed" with a contract to supply primary liquefaction equipment for Commonwealth LNG, a project of Kimmeridge Energy Management Co LLC and Mubadala Investment Co in Louisiana. (Rigzone, 29 December 2025)

• Cheniere Energy Inc. has reached substantial completion of Train 4 at its 10-million tonne/year (tpy) Corpus Christi Liquefaction (CCL) Stage 3 Project in Gregory, Tex. The company on Dec. 19 took care, custody, and control of the train from Bechtel Corp., Cheniere’s engineering, procurement, and construction contractor. (Oil & Gas Journal, 27 December 2025)

• Glenfarne Group earlier this month completed federal permitting for its 20-million tonne/year (tpy) Alaska LNG project. The plant achieved initial federal approval in 2020. It is not expected to start commercial operations before 2030. Project sponsor 8 Star Alaska LLC, majority owned by Glenfarne, reactivated the project’s FAST-41 coverage in February 2025 for updated biological opinions and permit renewals. The US National Oceanographic and Atmospheric Administration (NOAA) on Dec. 10 renewed the final outstanding permit. (Oil & Gas Journal, 27 December 2025)

• Russia's ambitions to triple its annual liquefied gas production have been pushed back by several years amid international sanctions, according to Deputy Prime Minister Alexander Novak. (Rigzone, 26 December 2025)

• Petroliam Nasional Bhd said Wednesday it had signed a deal to supply China National Offshore Oil Corp (CNOOC) one million tonnes per annum of liquefied natural gas. (Rigzone, 25 December 2025)

• Sovcomflot PJSC, Russia's largest shipping company, received the first domestically built ice-class tanker to expand the fleet of ships hauling super-chilled gas from the blacklisted Arctic LNG 2 project year-round. (Rigzone, 25 December 2025)

• Equinor ASA said Monday the Snøhvit Future project is now expected to cost NOK 5.3 billion ($526.05 million) more than the original investment estimate three years ago and that the project would take longer to complete. (Rigzone, 23 December 2025)

• China's domestic price for liquefied natural gas fell to a five-year low as inventories grew and demand for heating during winter months remained short of expectations. (Rigzone, 23 December 2025)

• In partnership with China Offshore Oil Engineering Co. (COOEC), Italy’s engineering, drilling, and construction services giant Saipem has won a multibillion-dollar engineering, procurement, construction, and installation (EPCI) assignment with QatarEnergy LNG, a subsidiary of Qatar’s state-owned energy giant QatarEnergy. This brings the Italian heavyweight more work at a huge natural gas field off the north-eastern coast of Qatar. (Offshore Energy, 22 December 2025)

• Energy Transfer LP is suspending development of its 16.45 million tonne/year (tpy) Lake Charles LNG plant to focus on allocating capital to its backlog of natural gas pipeline projects that the company believes provides superior risk-return profiles. (Oil & Gas Journal, 20 December 2025)

• Billionaire Kelcy Warren’s Energy Transfer LP suspended development of a Louisiana liquefied natural gas export project to concentrate on building and expanding pipelines. (Rigzone, 19 December 2025)

• Japan’s power generation major JERA has won a long-term liquefied natural gas (LNG) supply agreement with Hokkaido Gas, said to be a key regional energy provider. (Offshore Energy, 19 December 2025)

• Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure player Pembina Pipeline Corporation, has secured a new multi-year agreement for its floating liquefied natural gas (LNG) (FLNG) facility located in the traditional territory of the Haisla Nation, on Canada’s West Coast. (Offshore Energy, 17 December 2025)

• Petronas Carigali Brunei Ltd. has let a subsea contract to McDermott for engineering, procurement, construction, installation, and commissioning (EPCIC) of a conventional natural gas development project offshore Brunei Darussalam. (Oil & Gas Journal, 11 December 2025)

• Qatar's Energy Minister Al-Kaabi has told a forum in Doha that insufficient investment in energy infrastructure, coupled with surging demand driven by the artificial intelligence (AI) boom will lead to a global LNG and natural gas shortage after 2035. (OilPrice.com, 9 December 2025)

• Morocco is getting closer to creating an almost $1 billion liquefied natural gas hub at a new deep-sea port on its Mediterranean coast, as it plans to boost imports to curb the use of dirtier fuels. (Rigzone, 9 December 2025)

• Chevron Australia, a subsidiary of the U.S. oil and gas giant Chevron, has decided to move forward with the third stage of development for its giant gas project off the northwest coast of Western Australia (WA) to support long-term local and regional energy security. (Offshore Ernergy, 8 December 2025)

• U.S. energy infrastructure player New Fortress Energy (NFE) has received the go-ahead for its multi-year gas supply arrangement with the government of Puerto Rico, which will allow it to provide liquefied natural gas (LNG) to the Caribbean nation. (Offshore Energy, 5 December 2025)

• Texas LNG, a subsidiary of Glenfarne Energy Transition, has secured an offtake deal with Macquarie Energy, a subsidiary of Macquarie Group, for a liquefied natural gas (LNG) export facility to be constructed in the Port of Brownsville, Texas. (Offshore Energy, 5 December 2025)

• Italy’s energy giant Eni has won a new multi-year liquefied natural gas (LNG) agreement with Gulf Development Company, said to be one of Thailand’s largest private power producers. (Offshore Energy, 5 December 2025)

• Turkiye's state-owned BOTAS has signed separate 10-year agreements for the supply of liquefied natural gas (LNG) from SEFE Securing Energy for Europe GmbH and Eni SpA. (Rigzone, 4 December 2025)

• Macquarie Energy LLC, part of trading and financial services multinational Macquarie Group Ltd, has signed a definitive agreement to buy 0.5 million metric tons per annum (MMtpa) of liquefied natural gas (LNG) for 20 years from Glenfarne Group LLC's Texas LNG project. (Rigzone, 4 December 2025)

• Eni SpA said Tuesday the second phase of Congo LNG in the Republic of the Congo has started operations, bringing the project's capacity to three million metric tons per annum (MMtpa) of liquefied natural gas (LNG) or 4.5 billion cubic meters (158.92 billion cubic feet) a year of natural gas equivalent. (Rigzone, 3 December 2025)

• France’s energy giant TotalEnergies has shed more light on the financing of its multibillion-dollar liquefied natural gas (LNG) project off the coast of Mozambique in the wake of the UK Export Finance (UKEF) and Atradius exits. The project is getting back into the groove after a years-long hiatus. (Offshore Energy, 3 December 2025)

• High energy prices are forcing Europe to reconsider its anti-hydrocarbon stance. Greece, Italy, and the UK are reopening offshore oil and gas exploration as domestic output becomes essential to curb reliance on costly LNG imports. This energy security pivot clashes with Europe’s long-term climate goals and trade promises. (OilPrice.com, 3 December 2025)

• Asian LNG imports are set to decline for the first time since 2022, as high spot prices push buyers toward cheaper alternatives such as coal. Europe is surging toward another record year of LNG imports, driven by weak gas storage levels and a heavy reliance on U.S. LNG. A new global LNG dynamic is emerging, with Europe becoming increasingly dependent on expensive U.S. cargoes while Asia maintains flexibility. (OilPrice.com, 3 December 2025)

• Argentina has secured its first agreement for long-term sales of liquefied natural gas, a key step in its bid to become a global supplier of the fuel as drilling ramps up in its Vaca Muerta shale patch. A consortium of natural gas producers led by Pan American Energy Group, which is 50 percent owned by British supermajor BP Plc, agreed to sell up to 2 million tons a year of LNG to Germany's state-owned SEFE for eight years. (Rigzone, 2 December 2025)

• The Financial Oversight and Management Board for Puerto Rico has announced that its members have approved (with a condition) the proposed contract between the Puerto Rico Electric Power Authority (PREPA) and the Puerto Rico Public-Private Partnership Authority, and NF Energía LLC (NFE) to supply LNG to the San Juan and Palo Seco power generation units, as well as to other units as they become operational on natural gas. (LNG Industry, 2 December 2025)

• Germany’s Securing Energy for Europe (SEFE) has set the wheels in motion to enrich its liquefied natural gas (LNG) arsenal with another multi-year LNG supply agreement, which has been signed with Argentina’s Southern Energy, in a bid to further strengthen Europe’s energy security. (Offshore Energy, 2 December 2025)

• UK supermajor Shell has received key approvals from Australia’s offshore regulator NOPSEMA, which enable the operator to forge ahead with its US$2.5 billion Crux gas field development. (Upstream Online, 2 December 2025)

• UK-based energy player Centrica has landed a multi-year liquefied natural gas (LNG) assignment in Honduras, a Central American country in the northern part of North America. (Offshore Energy, 2 December 2025)

• Azule Energy, a 50-50 venture between BP PLC and Eni SpA, and its New Gas Consortium (NGC) partners have put into service a natural gas treatment facility with a capacity of about 400 million standard cubic feet of gas a day and 20,000 barrels of condensate per day in Soyo, northern Angola. (Rigzone, 1 December 2025)

• U.S. LNG exports and feedgas flows hit record highs. Europe remains the top buyer, pushing U.S. exports above 10 million tons per month as new capacity ramps up from Cheniere, Venture Global, and other Gulf Coast terminals. Rising exports are tightening domestic supply, driving U.S. natural gas prices sharply higher as winter demand surges. (OilPrice.com, 1 December 2025)

• US liquefied natural gas exports are set to hit a record high this month, helping to tame prices in Asia and Europe as winter begins. The US is expected to ship 10.7 million tons in November, according to predictive ship-tracking data from Kpler. That’s up roughly 40% from the same month last year, the data showed. (Rigzone, 28 November 2025)

• The US Federal Energy Regulatory Commission (FERC) Nov. 23 granted Sempra Infrastructure a 5-year extension to construct and place into service its planned 6.75 million tonne/year Cameron LNG plant in Cameron Parish, La. (Oil & Gas Journal, 27 November 2025)

• The commission granted Sempra Infrastructure a 5-year extension to bring its Cameron LNG plant online, citing project advancements and environmental compliance efforts. Simultaneously, it is exploring the possibility of blanket approvals for routine activities at LNG plants to reduce regulatory burdens and accelerate development. (Oil & Gas Journal, 27 November 2025)

• France’s energy giant TotalEnergies has decided to demobilize its floating storage and regasification unit (FSRU) in Le Havre, as this liquefied natural gas (LNG) terminal is no longer required to strengthen energy security in the country and Europe. (Offshore Energy, 26 November 2025)

• Venture Global Inc. signed an agreement with Tokyo Gas Co. to supply the utility with liquefied natural gas for 20 years, the US producer’s fourth long-term contract with a Japanese company. The deal will cover 1 million tons of LNG a year from 2030. Venture Global has signed supply agreements with companies from Japan to Spain over the past six months totaling 7.75 million tons a year, the US producer added. (Rigzone, 26 November 2025)

• U.S. LNG developer NextDecade plans to expand further its Rio Grande export project with a sixth train, for which it has just initiated the pre-filing process with the Federal Energy Regulatory Commission (FERC).  (OilPrice.com, 24 November 2025)

• Australia remains the world’s third-largest LNG exporter, but domestic gas output has plateaued at around 13 million m³/month since 2021. Despite ConocoPhillips announcing a new discovery this month, the pace of exploration has declined sharply, leaving the eastern parts of the country undersupplied and vulnerable to price spikes. Regulatory hurdles and environmental opposition are deterring investment, threatening both domestic stability and export commitments. (OilPrice.com, 22 November 2025)

• Australia’s government is set to impose mandates on LNG producers in the country to set aside a certain percentage of their output for the domestic market to avoid shortages, despite industry opposition. (OilPrice.com, 22 December 2025)

• Golden Pass LNG Terminal LLC has reached an agreement with Chiyoda International Corp and McDermott LLC to amend the engineering, procurement and construction (EPC) terms for the second and third trains of the Texas project owned by QatarEnergy and Exxon Mobil Corp. (Rigzone, 20 November 2025)

• Exxon Mobil Corp. lifted a force majeure on its Rovuma liquefied natural gas project in Mozambique as security concerns subside, a key step toward sanctioning the development and committing construction funds. (Rigzone, 20 November 2025)

• An LNG cargo from the US ordered by D.TRADING International SA, a subsidi-ary of DTEK Group, the largest private Ukrainian energy company, has reached the Klaipeda LNG terminal operated by KN Energies. Approximately 160 000 m3 of US LNG will be transferred into the tanks of the FSRU Independence from the LNG carrier GasLog Houston that arrived in Klaipeda port. (LNG Industry, 19 December 2025)

• Ukraine has signed a letter of intent (LoI) with the Greek state-owned natural gas company DEPA Commercial to import liquefied natural gas (LNG) from Greece, in a move aimed at safeguarding its energy needs amid ongoing Russian attacks on critical infrastructure. (Petroleum Australia, 19 November 2025)

• The cost of transporting liquefied natural gas across the Atlantic Ocean surged to the highest in almost two years, as expanding exports from North America boosted demand for tankers. The spot rate to hire an LNG vessel for delivery from the US to Europe jumped 19 percent to $98,250 per day on Monday, the highest since January 2024, according to Spark Commodities, which tracks shipping prices. Costs to hire a tanker in the Pacific Ocean also jumped 15 percent to the highest in over a year. (Rigzone, 18 November 2025)

• Liquefied natural gas business MidOcean Energy has completed its acquisition of a 20% stake in the partnership that holds Petronas’ 25% interest in the LNG Canada Project. The deal includes a 20% stake in the North Montney Upstream Joint Venture, Petronas’ upstream partnership in Canada, as well as a 20% stake in the North Montney LNG Limited Partnership, which holds Petronas’ 25% share in the LNG Canada Project. (Gasworld, 18 December 2025)

• Ksi Lisims LNG’s 12-million tonne/year (tpy) floating plant was among a second tranche of projects referred last week by Canadian Prime Minister Mark Carney to the country’s Major Projects Office (MPO). Located on a site owned by Nisga’a Nation off Pearse Island, BC, the floating LNG (FLNG) project’s other principals are Rockies LNG Partners and Western LNG. (Oil & Gas Journal, 18 November 2025)

• Venture Global Inc said Monday it had applied for a construction permit before the Federal Energy Regulatory Commission and export authorization before the Department of Energy (DOE) for a project to add over 30 million metric tons per annum (MTPA) of capacity to the Plaquemines LNG complex in Plaquemines Parish, Louisiana. (Rigzone, 18 November 2025)

• Greece's state-owned DEPA Commercial SMSA on Sunday signed a letter of intent (LOI) to supply Ukraine an unspecified volume of liquefied natural gas (LNG) from the United States for the 2025-26 winter via Ukraine's state-owned Naftogaz Group. (Rigzone, 17 November 2025)

• Aramco is expected to sign two more major US liquefied natural gas deals during Saudi Crown Prince Mohammed bin Salman’s visit this week to Washington DC. The Saudi giant — the world’s largest oil exporter — is expected to sign an agreement to acquire equity in, and offtake volumes from, Woodside Energy’s under-construction 16.5 million tonnes per annum Louisiana LNG, Reuters reported, quoting multiple sources familiar with the matter. Aramco is expected to agree to take up to 2 million tpa of LNG from this greenfield project. (Upstream Online, 16 November 2025)

• Zhengzhou Langrun Intelligent Equipment Co Ltd has signed a non-binding letter of intent to provide up to $46 million (AUD 70 million) in financing for a coal bed methane (CBM)-to-liquefied natural gas (LNG) project by Jade Gas Holdings Ltd in Mongolia. (Rigzone, 14 November 2025)

• Natural gas producers in Western Canada watched closely as the Carney government added the Ksi Lisims LNG development in northern British Columbia to its major projects list. The federal government said it expects the project to attract almost $30 billion in investment. Its referral to the federal office also includes the Prince Rupert Gas Transmission pipeline, which will ship western Canadian gas to the facility, and an electrical transmission line to supply power to the development. (Calgary Herald, 13 November 2025)

• Venture Global, a U.S. producer of liquefied natural gas (LNG) sourced from North American basins, has executed a long-term liquefied natural gas (LNG) sales and purchase agreement (SPA) with Japan’s Mitsui & Co. (Offshore Energy, 12 November 2025)

• Alaska LNG, majority owned and developed by Glenfarne Alaska LNG LLC, has signed agreements with Baker Hughes to advance the Alaska LNG project. The Alaska LNG project is aimed at developing Alaska's North Slope natural gas resource, primarily Prudhoe Bay and Point Thomson fields. (Oil & Gas Journal, 12 November 2025)

• United States liquefied natural gas (LNG) producer Venture Global Inc this week announced multiple long-term contracts to supply three Greek, Japanese and Spanish companies. Atlantic-See LNG Trade SA, formed this month by Greek companies Aktor Group and DEPA Commercial SMSA, committed to at least 0.5 million metric tons per annum (MMtpa) of United States-produced LNG for 20 years from 2030. (Rigzone, 12 November 2025)

• Venture Global Inc. has signed a long-term agreement to supply Spanish company Naturgy with 1 million tonnes/year (tpy) LNG. The 20-year agreement, which begins in 2030, is an expansion of Venture Global’s LNG contracting to Spain. To date, Venture Global has supplied Spain with 35 cargoes from its Calcasieu Pass and Plaquemines plants. (Oil & Gas Journal, 11 November 2025)

• Ukraine's state-owned Naftogaz Group has signed separate agreements with Poland's state-owned ORLEN SA and a new Greek company for the importation of liquefied natural gas (LNG) produced in the United States into Ukraine and other European countries. (Rigzone, 11 November 2025)

• American LNG developers have signed sales and purchase agreements for 29.5 million metric tons per year in 2025, a volume that has more than quadrupled compared to the entirety of 2024. Encouraged by market conditions, U.S. developers have made final investment decisions (FIDs) on six export projects this year, contributing to a record global LNG finance tally of $72 billion. (Oil Price.com, 9 November 2025)

• The LNG Canada export plant in Kitimat, British Columbia, in the traditional territory of the Haisla Nation, is now exporting LNG from two processing trains with a total capacity of 14 million tonnes/year. (Oil & Gas Journal, 7 November 2025)

• Months after LNG Canada achieved its first LNG cargo, the project began producing LNG from its second of two LNG processing units, known as trains. As a result, both Train 1 and Train 2 are now operational. Located on Canada’s west coast, the project’s greenhouse gas (GHG) intensity is perceived to be about 60% below the global average. (Offshore Energy, 7 November 2025)

• Pembina Pipeline Corp. and Petroliam Nasional Berhad (Petronas) have signed a long-term agreement for 1.0 million tonnes/year (tpy) of Pembina's liquefaction capacity at the 3.3-million tpy floating Cedar LNG plant in Kitimat, British Columbia, Canada. (Oil & Gas Journal, 6 November 2025)

• U.S.-headquartered energy technology giant Baker Hughes has more work to grind through at a liquefied natural gas (LNG) export project in Texas, as it has been hired to provide the primary liquefaction equipment for another segment of this multibillion-dollar undertaking in the United States. (Offshore Energy, 6 November 2025)

• Energy Transfer will only make the final investment decision on the Lake Charles LNG project after it finds buyers for 80% of its equity, the company said in its third-quarter earnings call. (Yahoo Finance, 6 November 2025)

• YPF SA and Eni SPA have partnered with XRG, Abu Dhabi National Oil Co.’s (ADNOC) international investment arm, in the continued development of Argentina LNG, a project to liquefy Vaca Muerta natural gas production and export it from the Atlantic coast at Río Negro, Patagonia. (Oil & Gas Journal, 6 November 2025)

• Abu Dhabi National Oil Co PJSC (ADNOC) said Tuesday it has signed a 15-year deal with Shell PLC to supply the British company up to one million metric tons per annum (MMtpa) of liquefied natural gas (LNG) from the Ruwais LNG project in the United Arab Emirates. (Rigzone, 5 November 2025)

• U.S.-based export infrastructure company Delfin LNG and energy and commodities company Vitol have signed a long-term liquefied natural gas (LNG) heads of agreement (HoA) with International Resources Holding (IRH), a mine-to-market platform. (Offshore Energy, 5 November 2025)

• Abu Dhabi National Oil Co PJSC (ADNOC) signed Tuesday a "non-binding framework agreement" to invest in YPF SA and Eni SpA's project to export up to 12 million metric tons per annum (MMtpa) of natural gas from the Vaca Muerta field onshore Argentina. (Rigzone, 5 November 2025)

• Pembina Pipeline Corp. and PETRONAS have signed a 20-year agreement covering 1 million tonnes per year (MMtpy) of liquefaction capacity at the Cedar LNG project on Canada’s West Coast. Under the synthetic liquefaction service structure, Pembina will transport and liquefy gas for PETRONAS LNG Ltd., providing the Malaysian company an additional export outlet for its Canadian gas production while securing Pembina a long-term, take-or-pay revenue stream. (Pipeline & Gas Journal, 5 November 2025)

• Qatar’s state-owned oil and gas giant QatarEnergy has chosen Samsung C&T Corporation as the contractor, which will breathe life into a giant carbon capture and sequestration (CCS) project designed to serve the Persian Gulf state’s existing liquefied natural gas (LNG) production facilities. (Offshore Energy, 3 November 2025)

• Japanese utilities JERA, Tohoku Electric Power and Kyushu Electric Power all liquefied natural gas buyers from Russia's Sakhalin-2, can secure alternative supplies if flows are interrupted, excutives said, as the U.S. pressures countries to halt energy imports from Russia. (Reuters, 31 October 2025)

• The US and Qatar are spearheading a global LNG expansion, with projects from the two countries expected to add about 210 bcm by 2030, based on timelines that have reached FID or are under construction, according to the IEA. (OIl & Gas Journal, 29 October 2025)

• Despite lingering macroeconomic uncertainties, 2025 has seen the second highest amount of LNG liquefaction capacity reaching final investment decision (FID) in a single year, underscoring investor confidence in long-term global gas demand, according to the International Energy Agency (IEA)’s Gas 2025 report. So far in 2025, over 90 billion cu m/year (bcmy) of new capacity has been approved. (Oil & Gas Journal, 29 October 2025)

• Excelerate Energy Inc. has executed a definitive commercial agreement with a subsidiary of Iraq’s Ministry of Electricity for development of the country’s first LNG import terminal at the Port of Khor Al Zubair. (Oil & Gas Journal, 29 October 2025)

• An Islamist insurgency that froze TotalEnergies SE’s $24.5-billion gas project in Mozambique four years ago is intensifying, just as the French oil major prepares to restart development. (Rigzone, 29 October 2025)

• The overseas unit of Abu Dhabi’s biggest oil company is in talks to invest in a liquefied natural gas project Argentina’s YPF SA is developing as it pushes to start exporting the fuel, according to people familiar with the matter. 

  XRG is eyeing a stake in the project as it considers expanding its LNG portfolio in Latin America, the US and Asia. (Rigzone, 28 October 2025)

• TotalEnergies SE needs Mozambique’s approval for a $4.5 billion increase in cost to its liquefied natural gas project before restarting construction that’s been delayed since 2021 due to security issues. (Rigzone, 28 October 2025)

• Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has boosted the commercial momentum of its Alaskan liquefied natural gas (LNG) export development through a deal with Japan’s energy utilities giant Tokyo Gas, representing the fifth agreement in seven months, totaling more than half of the project’s volume. (Offshore Energy, 27 October 2025)

• Glenfarne Alaska LNG LLC has signed a letter of intent (LOI) with Tokyo Gas Co. Ltd. for the offtake of 1 million tonnes/year (tpy) of LNG from the Alaska LNG project. The 20-million tpy Alaska LNG project consists of a 42-in. OD pipeline to transport natural gas from Alaska’s North Slope to meet Alaska’s domestic needs and produce 20 million tpy of LNG for export. (Oil & Gas Journal, 25 October 2025)

• The US has imposed sanctions on Russia's largest oil companies, Rosneft and Lukoil, in response to Russia's ongoing war in Ukraine, aiming to cut off funding for the Kremlin's military efforts and escalate economic pressure. (Oil & Gas Journal, 24 October 2025)

• The United States Department of Energy (DOE) has granted final authorization for Venture Global Inc's CP2 LNG project in Cameron Parish, Louisiana, to export to countries without a free trade agreement (FTA) with Washington, following a conditional permit in March. (Rigzone, 23 October 2025)

• The energy chiefs of leading liquefied natural gas (LNG) exporters Qatar and the United States on Wednesday addressed a letter to European Union heads of state calling for the removal of provisions in the Corporate Sustainability Due Diligence Directive (CSDDD) that they say curtail LNG trade. (Rigzone, 23 October 2025)

• Woodside Energy Group Ltd has roped in another partner for the under-construction Louisiana LNG with Williams Companies Inc acquiring a minority interest and entering into an offtake agreement for 1.5 million metric tons per annum (MMtpa). (Rigzone, 23 October 2025)

• JERA, Japan's top power generator, on Thursday said it will buy natural gas production assets in the U.S. for $1.5 billion, marking its entry into American shale gas production. (Reuters, 23 October 2025)

• Egypt is embarking on a plan to buy more oil products for power generation as the cash-strapped North African nation frees up gas for LNG exports, as part of efforts to repay money it owes to foreign operators. (Rigzone, 22 October 2025)

• Japan's trade minister said the country aims to curb dependence on Russian liquefied natural gas, but can't immediately halt imports despite growing pressure from the US. (Rigzone, 21 October 2025)

• According to the U.S. Energy Information Administration (EIA), total LNG export capacity could climb from 11.4 billion cubic feet per day (Bcf/d) in 2024 to a staggering 28.7 Bcf/d by 2029. The numbers are jaw-dropping — and they speak to how central North America has become in powering global energy security. (Oilgasleads.com, 19 October 2025)

• With the FID, the company noted it closed financial transactions to fully fund Train 5 and its related infrastructure and has issued full notice to proceed to Bechtel Energy Inc. under the company’s lump-sum, turnkey engineering, procurement, and construction contract. (Oil & Gas Journal, 18 October 2025)

• NextDecade Corp on Thursday announced a final investment decision (FID) and financial close for the $6.7-billion fifth train of Rio Grande LNG in Brownsville, Texas, as well as a full notice to proceed to contractor Bechtel Energy Inc. (Rigzone, 17 October 2025)

• Santos had to temporarily shut down the newly installed BW Opal FPSO for its Barossa gas-condensate project in the Timor Sea, the company said in its third-quarter 2025 update. (Offshore Magazine, 17 October 2025)

• Liquefied natural gas (LNG) exporters in the United States have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) between 2025 and 2029, according to our Liquefaction Capacity File and trade press reports. The United States is already the largest exporter in the world with 15.4 Bcf/d of capacity. (EIA, 16 October 2025)

• Mozambique might be on its way to becoming a significant global LNG player, as three LNG projects are progressing in the African country. ENI took FID on Carol North FLNG in Area 4, while TotalEnergies and ExxCommonwealth LNG earlier this month asked the US Federal Energy Commission (FERC) for another 4 years to construct and begin exporting LNG from its planned 9.5 million tonne/year plant in Cameron Parish, La. (Oil & Gas Journal, 15 October 2025)

• Shell and Sunlink Energies. have taken FID on the HI gas project offshore Nigeria. When completed, the project will supply 350 MMscfd of gas at peak production to Nigeria LNG. (Oil & Gas Journal, 15 October 2025)

• Mobil are planning to progress their two land-based LNG projects in the near future, as soon as force majeure ends. (AAPG, 13 October 2025)

• bp Gas Marketing Ltd. has won its arbitration case against Venture Global LNG Inc. related to offtake from the latter’s 10-million tonne/year Calcasieu Pass LNG plant. (Oil & Gas Journal, 11 October 2025)

• Egypt is asking its liquefied natural gas suppliers to delay shipments scheduled for the rest of the year on weaker-thanexpected demand. (Rigzone, 10 October 2025)

• Eni and its partners have taken FID on the deepwater Coral North project offshore Mozambique, the second field development in the Rovuma Basin. This will focus on gas in the northern part of the Coral reservoir in offshore Area 4, to be produced via a 3.6-MMt/year floating LNG (FLNG) vessel. Coral South, the initial development that came onstream in 2022, also features an FLNG. (Offshore Magazine, 4 October 2025)

• EIG Global Energy Partners' MidOcean Energy said it has entered into definitive agreements to invest in Petroliam Nasional Bhd's (Petronas) Canadian businesses, including by acquiring a stake in the recently fired up LNG Canada. (Rigzone, 3 October 2025)

• Shell-led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) liquefied natural gas processing unit known as Train 2 in Kitimat, British Columbia. (Yahoo News, 3 October 2025)

• Sempra Infrastructure’s Port Arthur LNG Phase 2 project engineering contractor Bechtel Energy Inc. has let a contract to Baker Hughes to supply certain liquefaction equipment for the project, currently under construction in Jefferson County, Texas. (Oil & Gas Journal, 2 October 2025)

Q3 2025 Activities and Opportunities

• Liquefied natural gas company MidOcean Energy confirmed on Tuesday that it will acquire a 20% interest in Petronas’ Canadian subsidiaries, including a stake in LNG Canada. (Upstream Online, 1 October 2025)

• Abu Dhabi National Oil Co PJSC (ADNOC), through its global investment arm XRG PJSC, has completed the purchase of an 11.7 percent stake in phase I of NextDecade Corp's Rio Grande LNG project in Brownsville, Texas. (Rigzone, 29 September 2025)

• Two recent developments in the LNG shipping sector underscore the accelerating demand for advanced vessel design and specialized fleet management services—key indicators of the offshore energy industry's evolving logistics and infrastructure needs. (Offshore, 27 September 2025)

• France’s energy giant TotalEnergies has secured a multi-year deal to provide liquefied natural gas (LNG) to South Korea’s HD Hyundai Chemical. This boosts the French player’s LNG sales growth. (Offshore Energy, 25 September 2025)

• Woodside signed a preliminary agreement to supply Turkiye's state-owned BOTAS about 5.8 billion cubic meters (204.83 billion cubic feet) gas equivalent liquefied natural gas (LNG) for up to nine years from 2030, mostly from the under-construction Louisiana LNG project. (Rigzone, 25 September 2025)

• Macquarie Group Ltd. aims to boost its liquefied natural gas business by ramping up physical trading, the latest effort by the bank to capture a larger share of the fast-growing market. (Rigzone, 24 September 2025)

• Equinor ASA and its partners have put onstream the Askeladd West field in the Barents Sea, unlocking new feed gas for Hammerfest LNG. (Rigzone, 24 September 2025)

• An application has been filed to boost the liquefaction capacity of a proposed floating liquefied natural gas (FLNG) project near Kitimat in British Columbia, Canada. (Offshore Energy, 23 September 2025)

• Santos Ltd said Monday Darwin LNG's new source field is now producing natural gas and that the liquefaction facility had received reauthorization from Australia's Northern Territory. (Rigzone, 22 September 2025)

• Western LNG, Houston, Tex., in partnership with the Nisga’a Nation and Rockies LNG, could begin construction of the proposed Ksi Lisims LNG export project on Canada’s northwest coast as early as this year. (Oil & Gas Journal, 19 September 2025)

• Exxon Mobil Corp. will pursue fossil fuel growth long into the future to meet demand it says will “not materially change” between now and 2050. (Rigzone, 19 September 2025)

• The European Union is planning measures to accelerate the bloc's phaseout of Russian liquefied natural gas, just days after US President Donald Trump called on the EU to do more to curb Moscow's energy trade. (Rigzone, 19 September 2025)

• U.S. energy infrastructure player New Fortress Energy (NFE) has ironed out the terms of a long-term gas supply contract with the government of Puerto Rico, which will enable it to provide liquefied natural gas (LNG) to the Caribbean nation. (Offshore Energy, 17 September 2025)

• The world needs to spend some $540 billion a year looking for oil and gas to maintain current output by 2050 as the pace of declines in existing fields increases, according to the International Energy Agency. (Rigzone, 16 September 2025)

• Canada cleared a C$10 billion ($7.3 billion) floating facility to export liquefied natural gas off its northwest coast as soon as 2028. (Rigzone, 16 September 2025)

• India's annual liquefied natural gas demand is set to contract in 2025 for the first time in years, as buyers hold out for a surge in production that is expected to push down prices.  The world's fourth-biggest LNG importer bought about 16 million tons of the super-chilled gas in the eight months through August, down 10 percent from a year earlier. (Rigzone, 16 September 2025)

• Ukraine's Naftogaz Group said it has so far received 400 million cubic meters (14.13 billion cubic feet) of liquefied natural gas (LNG) from the United States under an agreement with Poland's ORLEN SA. (Rigzone, 16 September 2025)

• With an environmental assessment certificate now in hand, the Ksi Lisims LNG project, proposed by the Nisga’a Nation, Rockies LNG, and Western LNG, is ready to start obtaining other permits and authorizations to build and operate two floating liquid natural gas structures at Pearse Island in northwestern British Columbia, employing an average of up to 450 workers during construction and having a permanent workforce of up to 250 people. (Offshore Energy, 16 September 2025)

• Woodside has held a groundbreaking ceremony to mark the rapid progress in developing the $17.5 billion Louisiana LNG project, formerly known as Driftwood LNG, in the United States, which is owned by Louisiana LNG Infrastructure (InfraCo), made up of Stonepeak (40% interest) and Louisiana LNG (HoldCo), the holding company operated by the Australian energy giant. (Offshore Energy, 16 September 2025)

• Glenfarne Alaska LNG, LLC said it entered into an agreement with Korea’s POSCO International Corporation to advance a strategic partnership for the development of the Alaska LNG Project. (Rigzone, 15 September 2025)

• Standard Chartered, which claims to have played a pivotal role in closing a $15.1 billion financing for the first phase of Venture Global’s CP2 LNG project, describes the achievement as a milestone transaction that marks the largest standalone project financing ever completed, attracting over $34 billion in commitments from financial institutions worldwide. (Offshore Energy, 15 September 2025)

• Baker Hughes Co has secured a contract from Bechtel Energy Inc to deliver the main liquefaction equipment for the fourth train of NextDecade Corp’s Rio Grande liquefied natural gas (LNG) project located at the Port of Brownsville, Texas. (Rigzone, 15 September 2025)

• Australian federal government approval allows Woodside to operate the Karratha Gas plant beyond 2030, supporting additional natural gas field development with consideration for environmental and cultural preservation. (Oil & Gas Journal, 13 September 2025)

• Australia's first and largest liquefied natural gas plant cleared the final hurdle to operate until 2070, after an almost seven-year process during which operator Woodside Energy Group Ltd. faced opposition from environmentalists and traditional owners concerned about the site’s pollution. (Rigzone, 12 September 2025)

• Eni announced that it and its partners CNPC, ENH, Kogas, and XRG have reached the Final Investment Decision (FID) to develop the Coral North FLNG project, which is located offshore Cabo Delgado, north of Mozambique. (Rigzone, 6 September 2025)

• St. John’s-based Fermeuse Energy Ltd. has unveiled plans for a new $15-billion liquefied natural gas (LNG) project off the coast of Newfoundland, and the company’s CEO says the announcement would never have happened without policy changes introduced by Prime Minister Mark Carney. (The Energy Mix, 5 September 2025)

• NextDecade signs 20-year LNG supply deal with EQT. Under the agreement, EQT will purchase 1.5 million tpy of LNG from NextDecade on a free on board basis at a price indexed to Henry Hub. (Oil & Gas Journal, 5 September 2025)

• US developers are racing to cash in on the nation’s natural-gas export boom while they still can.  The massive US buildout of terminals that process and ship liquefied natural gas, or LNG, has transformed the nation into the world’s top exporter of the fuel. But plants still in development are facing a tight deadline: By 2027, global LNG supply will exceed demand, BloombergNEF estimates. (Rigzone, 5 September 2025)

• Shell Plc is exploring the sale of its interest in the A$34 billion ($22 billion) North West Shelf liquefied natural gas export plant in Western Australia. The gas major is testing the market for possible buyers of its 16.67 percent stake in the project, which could be worth more than $3 billion. (Rigzone, 5 Sepmteber 2025)

• Monkey Island LNG has selected ConocoPhillips’ Optimized Cascade Process liquefaction technology for its planned 26 million tonnes/year (tpy) natural gas liquefaction and export plant in Cameron Parish, La. The 246-acre project site on Monkey Island in Cameron Parish, is positioned with access to deepwater shipping channels and US natural gas supply. (Oil & Gas Journal, 5 September 2025)

• U.S. exports of liquefied natural gas (LNG) reached an all-time high in August as plants exited planned maintenance programs and Venture Global's Plaquemines facility continued to increase output, preliminary data from financial firm LSEG show. (Yahoo Finance, 3 September 2025)

• Taiwan-based engineering, procurement, and construction (EPC) company CTCI said it was awarded a major liquefied natural gas (LNG) terminal-related EPC contract to support state-owned oil company CPC Corporation in building a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal in southern Taiwan. (Rigzone, 2 September 2025)

• The Nigerian National Petroleum Company Limited (NNPC), together with several upstream gas suppliers, signed long-term gas supply agreements (GSAs) with Nigeria Liquefied Natural Gas Limited (NLNG). NNPC said in a media release that the agreements are for the delivery of 1.29 billion standard cubic feet per day of feedgas. (Rigzone, 2 September 2025)

• Commonwealth LNG, a project of Kimmeridge Energy Management Co. LLC in Louisiana, has secured authorization from the Department of Energy (DOE) to export to countries with no free trade agreement (FTA) with the United States. (Rigzone, 1 September 2025)

• EQT Corp. has committed to buying two million metric tons per annum (MMtpa) for 20 years from Sempra’s planned Port Arthur LNG Phase II project in Jefferson County, Texas. (Rigzone, 30 August 2025)

• Glenfarne Group LLC affiliate Texas LNG Brownsville LLC in late July received the final supplemental environmental impact statement (FSEIS) from the US Federal Energy Regulatory Commission (FERC) for the 4-million tpy Texas LNG plant under development in the Port of Brownsville, Tex. (Oil & Gas Journal, 29 August 2025)

• The floating liquefied natural gas (FLNG) unit for the expansion of Congo LNG has departed Shanghai for the Republic of the Congo. Congo LNG Phase II’s floating production unit (FPU), which will treat natural gas for delivery to the FLNG or liquefaction unit, has also been completed and is set to sail to the Central African country in the coming days. (Rigzone, 29 August 2025)

• Technip Energies NV, together with JGC Holding Corp., secured a pair of Front-End Engineering Design (FEED) contracts for the Abadi liquefied natural gas (LNG) project being developed by INPEX Corp. in Indonesia’s Masela Block. (Rigzone, 29 August 2025)

• Seatrium to prepare Golar FLNG vessel for service offshore Argentina. The Hilli Episeyo FLNG vessel, which has operated offshore Cameroon since 2018, will undergo modifications ahead of a 20-year deployment offshore Argentina’s Rio Negro province. (Offshore Magazine, 29 August 2025)

• A tanker with a shipment of liquefied natural gas from a US-sanctioned export facility in Russia has docked at a Chinese terminal for the first time, the latest move by Moscow to expand fuel deliveries into Asia. The Arctic Mulan vessel, which is carrying fuel from the blacklisted Arctic LNG 2 plant in Russia’s north, docked at the Beihai LNG terminal on Thursday. (Rigzone, 28 August 2025)

• Abu Dhabi National Oil Co. PJSC (ADNOC) said Wednesday it had signed an agreement to supply one million metric tons per annum (MMtpa) from the Ruwais LNG project to Indian Oil Corp. Ltd. (Rigzone, 28 August 2025)

• Energy technology company Baker Hughes has secured a long-term equipment supply agreement from BP for its Tangguh LNG plant in Indonesia. The 90-month agreement covers spare parts, repair services, and field service engineering support for critical turbomachinery at the facility including heavy-duty gas turbines, steam turbines, and compressors for three LNG trains. (Gasworld, 27 August 2025)

• The United States Federal Energy Regulatory Commission (FERC) has upheld its approval for Glenfarne Group LLC’s Texas LNG project, acting on a second court remand. FERC also granted Glenfarne’s request to extend the deadline for the start of operations from November 2024 to November 2029. (Rigzone, 26 August 2025)

• AMIGO LNG S.A. de C.V. ("AMIGO LNG"), the Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, today announced the execution of a long-term Sale and Purchase Agreement (SPA) with Macquarie Group ("Macquarie"), a global trading and financial services group. (PR Newswire, 25 August 2025)

• The Doctors for the Environment (Australia) Inc. has failed to convince Australia’s Federal Court to revoke regulators’ approval of the environmental plan (EP) for Woodside Energy Group Ltd.’s Scarborough field development and liquefaction project. (Rigzone, 25 August 2025)

• The Lake Charles LNG project in Louisiana now has until 2031 to dispatch its first cargo, according to an order by the United States Department of Energy (DOE) granting owner Energy Transfer LP’s request to extend the deadline from 2025. (Rigzone, 25 August 2025)

• ConocoPhillips signed a long-term deal for 4 million tpy of LNG from Sempra's Port Arthur LNG Phase 2 development in Texas with the aim of enhancing its long-term energy supply strategy. (Oil & Gas Journal, 22 August 2025)

• Coastal Bend LNG LLC and Solvanic Inc. have kick-started a front-end engineering and design (FEED) study for electrochemically mediated amine regeneration (EMAR) carbon capture at the Coastal Bend liquefied natural gas (LNG) facility. (Rigzone, 20 August 2025)

• Golar LNG Ltd. has reported $75.67 million in operating revenue for the second quarter, up 17 percent from the same three-month period last year. Liquefaction services revenue totaled $56.51 million for 2Q 2025, compared to $56.12 million for 2Q 2024.  Vessel management fees and other revenues doubled to $10.94 million from $5.44 million. (Rigzone, 18 August 2025)

• A surge in U.S. LNG exports is looming, but the source and supply routes for the needed natural gas remain unclear. Cheniere Energy processes around 46 million tonnes per annum (mtpa) across two liquefaction and export facilities on the Gulf Coast: Sabine Pass in Cameron Parish, Louisiana, and Corpus Christi LNG, in the port of Corpus Christi, Texas. Another 14 mtpa of capacity was under construction as of the end of June. (Yahoo Finance, 15 August 2025)

• Amigo LNG SA de CV said it has awarded an engineering, procurement, and construction (EPC) contract for its marine facilities to international marine and port infrastructure contractor Constructora Manzanillo SA de CV (COMSA Marine). (Rigzone, 14 August 2025)

• Venice Energy has signed an agreement to sell its LNG project in South Australia, expected to reach a FID (final investment decision) this year, to AG&P LNG. (Rigzone, 14 August 2025)

• KBR said it was awarded a contract by INPEX Masela Ltd. to provide front-end engineering design (FEED) for onshore liquefied natural gas (LNG) facilities for the Abadi LNG project in Indonesia. The Abadi LNG project, which is planned to have peak production capacity targets of 9.5 million tons per annum of LNG and 150 million standard cubic feet per day of pipeline gas, has been designated a project of national strategic importance by the Indonesian government. (Rigzone, 13 August 2025)

• Cheniere Energy, Inc. subsidiary Cheniere Marketing LLC has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement with JERA Co. Inc. JERA has agreed to purchase approximately 1.0 million metric tons per annum (mtpa) of LNG from Cheniere Marketing on a free-on-board basis from 2029 through 2050. (Rigzone, 12 August 2025)

• Venture Global Inc. has received an amended permit from the Department of Energy (DOE) for increased exports of up to 12 million metric tons per annum (MMtpa) from the operational Calcasieu Pass LNG. (Rigzone, 11 August 2025)

• Fluor Corporation said its joint venture with JGC Corporation has been awarded the contract to update the front-end engineering and design (FEED) for a proposed phase 2 expansion of the LNG Canada facility, located on the traditional territory of the Haisla Nation in Kitimat, British Columbia, Canada. (Rigzone, 6 August 2025)

• The government of British Columbia has signed a new $145 million (CAD 200 million) contribution agreement with the Haisla Nation to support the development of the Cedar LNG facility with renewable electricity. (Rigzone, 4 August 2025)

• State-owned Hindustan Petroleum Corp. Ltd. (HPCL) has signed a heads of agreement with ADNOC Gas PLC for the delivery of 500,000 metric tons a year of liquefied natural gas (LNG) for 10 years to India. (Rigzone, 4 August 2025)

• Uniper and Tourmaline Oil Corp., Canada’s largest producer of natural gas, have finalised an eight-year physical gas agreement for 80 000 million Btu/d beginning in November 2028. The estimated lifetime total volume of the transaction is 234 billion ft3 (which equals approx. 6.6 billion m3). (LNG Industry, 1 August 2025)

• Floating liquefied natural gas (FLNG) terminals are increasingly making their mark on the global LNG market, with projections from Rystad Energy indicating that their capacity could triple by 2030. (Oil & Gas Journal, 30 July 2025)

• Venture Global Inc. on Monday announced a positive FID (final investment decision) and the closing of  $15.1 billion in financing for phase I of the CP2 LNG project and the associated CP Express Pipeline. (Rigzone, 29 July 2025)

• Qatar Gas Transport Co. Ltd. (Nakilat) said Sunday it had launched the first financing package with the Export-Import Bank of Korea (KEXIM) for 25 conventional liquefied natural gas (LNG) carriers commissioned from South Korean shipyards. (Rigzone, 28 July 2025)

• TotalEnergies SE and CMA CGM Group on Wednesday announced an agreement to form a 50-50 venture to supply liquefied natural gas (LNG) fuel at the Port of Rotterdam, the Netherlands. (Rigzone, 24 July 2025)

• Following an expected slowdown in 2025, global natural gas demand growth is forecast to accelerate in 2026, sending total demand to a new all-time high, the International Energy Agency (IEA) said in its latest quarterly Gas Market Report. (Oil & Gas Journal, 23 July 2025)

• Malaysia’s Petroliam Nasional Bhd. (Petronas), through its subsidiary Petronas LNG Sdn. Bhd. (PLSB), has signed a heads of agreement (HoA) with SMJ Energy Sdn. Bhd. that formalizes the terms for SMJ Energy's 25 percent equity participation in PFLNG 3 Sdn. Bhd. (Rigzone, 22 July 2025)

• State-owned GAIL (India) Limited has signed a long-term liquefied natural gas (LNG) sales and purchase agreement with Vitol Asia Pte. Ltd. GAIL said in a media release that the deal for the supply of approximately 1 million tonnes per annum of LNG for 10 years resulted from a binding Term Sheet signed in January 2024. (Rigone, 21 July 2025)

• Eni SpA has signed an agreement to buy two million metric tons per annum (MMtpa) of liquefied natural gas (LNG) for 20 years from Venture Global Inc.’s under-construction CP2 LNG in Cameron Parish, Louisiana. The Italian state-backed energy major expects deliveries, from phase 1 of the project, to begin by 2030. CP2 LNG is expected to start up 2027. (Rigzone, 17 July 2025)

• Equinor Energy AS has agreed to supply natural gas to BASF. The companies signed a 10-year agreement for the supply of about 2 billion cu m/year, representing what the companies call a “substantial share” of BASF’s natural gas needs in Europe. Deliveries will begin Oct. 1, 2025. (Oil & Gas Journal, 16 July 2025)

• Santos Ltd. signed a mid-term LNG supply contract with QatarEnergy Trading LLC (QET). The contract, calls for the supply of about 500,000 tonnes/year (tpy) of LNG over a 2-year period beginning in 2026. The LNG is to be supplied from Santos’ portfolio on a delivered ex-ship basis. (Oil & Gas Journal, 15 July 2025)

• Rystad Energy expects the Middle East region to overtake Asia this year as the world’s second-largest gas producer, behind North America. Gas production in the region has expanded by about 15% since 2020, with producers intent on monetising their gas resources and increasing exports to help satisfy global demand. (Offshore Mag, 15 July 2025)

• The Greater Lafourche Port Commission (GLPC) has acquired a 743-acre tract from the state of Louisiana to expand the site of the proposed Argent LNG project. Argent LNG, which signed a 144-acre lease agreement with Port Fourchon last year, has now secured nearly 900 acres to build a two-phase liquefaction complex with a capacity of about 25 million metric tons per annum (MMtpa). (Rigzone, 14 July 2025)

• ADNOC Gas PLC will supply Germany’s state-owned SEFE Securing Energy for Europe GmbH 700,000 metric tons a year of liquefied natural gas (LNG) for three years starting 2025. Abu Dhabi National Oil Co.’s gas processing and sales arm will source the LNG from the Das Island liquefaction facility, which has a capacity of six million metric tons per annum (MMtpa). The contract is valued about $400 million. (Rigzone, 11 July 2025)

• Four years after terrorist attacks halted a massive liquefied natural gas project in Mozambique, momentum behind $57 billion in facilities that will export the fuel is picking up. TotalEnergies SE and Eni SpA have readied contractors and signed agreements for preliminary work on projects to add capacity. (Rigzone, 11 July 2025)

• Venture Global, Inc. and Securing Energy for Europe GmbH (SEFE) have entered into an agreement under which SEFE’s subsidiary, SEFE Energy GmbH, will purchase an additional 0.75 million metric tons per annum (mtpa) of liquefied natural gas (LNG) from CP2 LNG for 20 years. (Rigzone, 11 July 2025)

• Australia’s Woodside Energy Group Ltd. has signed a memorandum of understanding (MOU) with Hyundai Engineering and Hyundai Glovis covering LNG project development, engineering services and shipping logistics. (Rigzone, 10 July 2025)

• Oil giant Saudi Aramco (2222.SE), opens new tab is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's proposed facility in Cameron, Louisiana, as it seeks to strengthen its position in the market for the superchilled fuel. (Reuters, 10 July 2025)

• Argentina’s Vaca Muerta shale basin holds massive natural gas reserves. The country has multiple LNG export projects underway, including a floating facility (2.5 Mtpa) and planned expansions with Shell, Eni, and others, aiming to export up to 28 Mtpa by 2035. (Oil Price, 10 July 2025)

• Malaysia’s national oil and gas company, which owns a 25 percent stake in LNG Canada, has sent its first cargo from the Kitimat, British Columbia project to Japan. The shipment embarked Monday through the 174,000-cubic-meter (6.14 million cubic feet) Puteri Sejinjang LNG vessel. (Rigzone, 9 July 2025)

• Australia’s oil and gas player Santos has signed a liquefied natural gas (LNG) supply agreement with QatarEnergy’s LNG trading arm, QatarEnergy Trading. The contract entails the delivery of around 0.5 million tonnes per annum (mtpa) of LNG over two years from 2026. The volumes will be supplied from Santos’ portfolio on a delivered ex-ship basis.  (Offshore Energy, 4 July 2025)

• Venture Global Inc. has secured a contract with Petroliam Nasional Bhd. (Petronas) to supply the Malaysian national oil and gas company one million metric tons per annum (Mtpa) of liquefied natural gas (LNG) from its CP2 LNG project in Louisiana. (Rigzone, 4 July 2025)

• ORLEN SA has agreed to deliver an additional 140 million cubic meters (4.94 billion cubic feet) of liquefied natural gas (LNG) from the United States to Ukraine’s Naftogaz Group via Poland. This is the fourth LNG supply contract signed by the state-owned companies this year, bringing Naftogaz’s total contracted gas volumes from ORLEN to 440 million cubic meters. (Rigzone, 3 July 2025)

• Thailand’s Gulf Development Company has signed an engineering, procurement, construction, and commissioning (EPCC) contract with the PEC-CAZ Consortium for the next phase of a liquefied natural gas (LNG) terminal on the eastern coast of the Gulf of Thailand. (Offshore Energy, 2 July 2025)

• LNG Canada has launched the first LNG cargo from the 14-million tonne/year (tpy) plant in Kitimat, BC, Canada. (Oil & Gas, 2 July 2025)

• Russia’s sanctioned Arctic LNG 2 project raised production to record levels during the last days of June as the facility appears to have resumed loading cargoes. Natural gas output at the Novatek PJSC-led facility averaged 14 million cubic meters a day on June 28 and June 29. (Rigzone, 1 July 2025)

• Shell PLC and its LNG Canada partners announced Monday they had dispatched the first cargo from the Kitimat, British Columbia project, saying the milestone introduces Canada as an exporter of liquefied natural gas (LNG). With a capacity of 14 million metric tons per annum (MMtpa) from two trains, the facility targets the Asian market. (Rigzone, 1 July 2025)

• Global gas markets are experiencing heightened volatility as prices spike in response to escalating tensions between Iran and Israel, even though underlying supply and demand fundamentals remain largely unchanged. The latest flare-up, triggered by Israel’s strikes on Iranian sites on 13 June and subsequent retaliatory actions, has reignited concerns over the security of critical shipping lanes, particularly the Strait of Hormuz. (Petroleum Australia, 1 July 2025)

Q2 2025 Activities and Opportunities

• Glenfarne Alaska LNG LLC earlier this week signed a cooperation agreement with PTT Public Co. Ltd. for strategic participation in the 20-million tonne/year (tpy) Alaska LNG project, including the procurement of 2 million tpy over a 20-year term. (Oil & Gas Journal, 28 June 2025)

• Thailand’s state-owned oil and gas company PTT has signed a heads of agreement (HoA) with the U.K.-based energy company Centrica Energy for a multi-year supply of liquefied natural gas (LNG). (Offshore Energy, 27 June 2025)

• Coastal Bend LNG, Houston, has initiated development of a 22.5 million tonnes/year (tpy) natural gas liquefaction and export plant on the Texas Gulf Coast. The privately held energy infrastructure development company expects to pre-file its Federal Energy Regulatory Commission (FERC) permits this year. (Oil & Gas Journal, 27 June 2025)

• Iraq is in advanced talks with Excelerate Energy Inc. to facilitate its first-ever liquefied natural gas imports as the country, which struggles with power outages, seeks to cut dependence on Iran for supplies. (Rigzone, 26 June 2025)

• Energy Transfer LP subsidiary Energy Transfer LNG Export LLC has agreed to supply an additional 1.0 million tonnes/year (tpy) of LNG to Chevron USA Inc. from the Lake Charles LNG plant. The 20-year agreement increases Chevron’s total contracted volume from Energy Transfer LNG to 3.0 million tpy, following the initial 2.0 million tpy agreement signed in December 2024. (Oil & Gas Journal, 26 June 2025)

• Woodside Energy Group Ltd. has completed the farm-down of a 40 percent stake in its under-construction Louisiana LNG project in Calcasieu Parish to Stonepeak Partners LP. (Rigzone, 25 June 2025)

• Cheniere Energy Inc. said Tuesday it had made a positive FID (final investment decision) to add two “midscale” trains to the Corpus Christi LNG facility in South Texas. (Rigzone, 25 June 2025)

• Petroliam Nasional Bhd. (Petronas) has signed a memorandum of cooperation (MOC) with the Japan Organization for Metals and Energy Security (JOGMEC), on top of an agreement announced days earlier for the Malaysian national oil and gas company to supply Japanese power utility JERA Co. Inc. with LNG. (Rigzone, 24 June 2025)

• Golar LNG Ltd.’s floating liquefied natural gas (FLNG) vessel Gimi has reached its commercial operations date (COD), triggering a 20-year lease for the BP PLC-operated Greater Tortue Ahmeyim (GTA) project on the Mauritania-Senegal maritime border. (Rigzone, 24 June 2025)

• Woodside Energy and Petronas, through its subsidiary Petronas LNG Ltd. (PLL), signed a non-binding heads of agreement (HOA) for the supply of 1 million tonnes/year (tpy) of LNG to Malaysia from 2028 for a period of 15 years. (Oil & Gas Journal, 19 June 2025)

• Petronas will purchase 1 million tonnes/year (tpy) of LNG for 20 years from Commonwealth's 9.5 million tpy plant under development in Cameron. Commonwealth LNG currently has 4 million tpy of offtake under long-term agreement and aims to finalize its commercial book ahead of a targeted final investment decision in this year’s third quarter and anticipated first LNG production in late 2029. (Oil & Gas Journal, 18 June 2025)

• Malaysia’s national oil and gas company has committed to purchasing one million metric tons per annum (MMtpa) for 20 years from Kimmeridge Energy Management Co. LLC’s planned Commonwealth LNG project in Louisiana. Petroliam Nasional Bhd. (Petronas) also entered into a non-binding heads of agreement with Woodside Energy Group Ltd. for the purchase of one MMtpa from the Australian company’s global portfolio, including the under-construction Louisiana LNG, for 15 years. Delivery is set to start 2028. (Rigzone, 18 June 2025)

• Trigon Pacific Terminals Ltd. has made an FID (final investment decision) to build a liquefied petroleum gas (LPG) export facility in Prince Rupert, British Columbia, with a capacity of 2.5 million metric tons per annum (MMtpa). (Rigzone, 13 June 2025)

• Japan’s largest power generation company has signed agreements to secure up to 5.5 million tonnes/year (tpy) of LNG from United States suppliers. JERA Co. Inc. finalized 20-year agreements with US operators, announced from the US Department of Energy headquarters in Washington, DC, June 11. (Oil & Gas Journal, 13 June 2025)

• Egypt agreed to buy liquefied natural gas over 2 1/2 years from suppliers including Saudi Aramco, Trafigura Group and Vitol Group, putting the country on course to be a long-term importer as local production slows. (Rigzone, 12 June 2025)

• Abu Dhabi National Oil Company is evaluating whether to buy some of bp’s key assets if the British firm decides to break itself up, or if it comes under pressure to divest more units, Bloomberg has reported. (Offshore Mag, 12 June 2025)

• India’s state-owned GAIL (India) Ltd. has completed the first berthing and discharge operation at the Dabhol LNG terminal. The company welcomed the vessel GAIL Bhuwan at the facility following the completion of the breakwater project, GAIL said in a media release. The discharging of GAIL Bhuwan also marks the start of uninterrupted, round-the-year operations at the terminal. (Rigzone, 11 June 2025)

• Eni and Argentina's state-owned YPF have signed an agreement for the Argentina LNG project, following a memorandum of understanding signed on April 14. The new agreement sets out the steps needed to reach FID on the phase of the project that includes production, treatment, transportation and liquefaction installations of gas via floating units (FLNGs), for a total capacity of 12 MMt/year of LNG. (Offshore Mag, 11 June 2025)

• Germany's SEFE has agreed to a 10-yr deal to receive natural gas from Azerbaijan's SOCAR starting this year, with volumes gradually rising to 1.5 Bm3y. State-owned SEFE, Securing Energy For Europe, is seeking long-term supply deals after losing most of its Russian pipeline gas in 2022 following Russia's invasion of Ukraine. (Gas Processing News, 10 June 2025)

• Global investment company XRG has set a goal of building a top-five integrated gas and liquefied natural gas (LNG) business with a capacity of 20-25 million metric tons per annum (MMtpa) by 2035. Abu Dhabi National Oil Co. (ADNOC) launched the platform late last year to drive the United Arab Emirates’ expansion in the chemical, low-carbon energy and natural gas markets. XRG’s board has now approved a five-year plan (2025-30). (Rigzone, 10 June 2025)

• The first round of partner selection for the planned Alaska LNG project attracted over 50 companies. The potential partners are from the United States, the European Union, Japan, Korea, Taiwan, Thailand and India. The companies expressed interest for over $115 billion of contract value for various partnerships with the Project, including equipment and material supply, services, investment, and customer agreements. Alaska LNG, approved by the Federal Energy Regulatory Commission May 2020, will deliver natural gas from the state’s North Slope to both domestic and global markets. It is the only federally permitted liquefied natural gas (LNG) project on the United States Pacific Coast, according to co-developer Alaska Gasline Development Corp. (AGDC). (Rigzone, 6 June 2025)

• BP Singapore, a subsidiary of the UK-headquartered energy giant BP, has signed on the dotted line with India’s Torrent Power, part of Torrent Group, to supply liquefied natural gas (LNG) for the latter’s 2,730 MW combined cycle gas-based power plants in line with India’s push to up the natural gas ante in its energy mix to around 15% by the end of the decade. (Offshore Energy, 3 June 2025)

• The US Department of Energy (DOE) gave Sempra Infrastructure final authorization to export LNG to non-free trade agreement countries from its proposed 13.4-million tonne/year (tpy) Port Arthur LNG Phase 2 expansion project in Jefferson County, Tex., on May 29. The expansion would double the company’s Port Arthur LNG capacity to about 26 million tpy. (OIl & Gas Journal, 31 May 2025)

• Energy and commodities company Vitol has signed a liquefied natural gas (LNG) term sale and purchase agreement (SPA) with Oman LNG, a joint venture company between the Government of the Sultanate of Oman and seven global energy players. (Offshore Energy, 19 May 2025)

• Executives of Venture Global Inc., Arlington, Va., have increased their 2025 guidance for cargos from the company’s Calcasieu Pass and Plaquemines LNG plants by about 5 and say customers’ appetite for shipments is “fairly steady.” (Oil & Gas Journal, 14 May 2025)

• Commonwealth LNG LLC and Kimmeridge Texas Gas (KTG) finalized binding agreements with Glencore Ltd. to form a natural gas and LNG partnership. (Oil & Gas Journal, 14 May 2025)

• Shell Plc’s liquefied natural gas project in Canada, the country’s first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June. (Rigzone, 12 May 2025)

• Southern Energy and Golar LNG announced FID May 2 on a 20-year redeployment charter of the FLNG Hilli Episeyo offshore Argentina. In addition, the two parties have signed definitive agreements for a 20-year charter for Golar’s MKII FLNG, which is undergoing conversion at the CIMC Raffles shipyard in Yantai, China. This charter remains subject to FID and regulatory approvals, although both are anticipated later this year. (Offshore Mag, 10 May 2025)

• Energy Transfer LP is targeting final investment decision (FID) on its 16.45-million tonne/year (tpy) Lake Charles LNG plant in Calcasieu Parish, La., by end-2025. The company last month signed a heads of agreement (HoA) with MidOcean Energy LLC to jointly develop the project (OGJ Online, Apr. 10, 2025). It also agreed to sell a Japanese utility 1 million tpy of offtake and signed an HoA with a German utility for offtake of another 1 million tpy. (Oil & Gas Journal, 9 May 2025)

• Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance, has signed a definitive 15-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with Oman. Under the agreement signed with OQ Trading (OQT), the international energy and commodity trading vehicle of the Oman government, OQT will purchase 0.6 million metric tons per annum (mtpa) of LNG free on board from Amigo LNG's export terminal in Sonora, Mexico. (Rigzone, 6 May 2025)

• Commonwealth LNG signed an agreement with an undisclosed buyer to supply LNG from its 9.5 million tonnes/year (tpy) plant currently under development in Cameron, La. The deal, signed with “a major Asian energy company,” will see Commonwealth supply 1 million tpy of LNG for 20 years. (Oil & Gas Journal, 5 May 2025)

• Venture Global Inc. has secured $3 billion in syndicated borrowings to help fund the under-construction CP2 LNG in Cameron Parish, Louisiana. (Rigzone, 6 May 2025)

• The Gas Exporting Countries Forum (GECF) projects a 2 percent increase in natural gas consumption in 2025 on continued growth in the power and industrial sectors. Global production is also forecast to rise 2 percent, driven by the Middle East, according to the April release of the GECF’s monthly report. (Rigzone, 5 May 2025)

• TotalEnergies and OQ, the Oman National Oil Company, have broken ground on the Marsa LNG plant in the port of Sohar, northern Oman, one year after the companies took final investment decision (FID) to develop the project. The 1 million tonnes/year (tpy) liquefaction plant is being built by Marsa LNG LLC, a joint venture company of TotalEnergies (80%) and OQ Exploration & Production (20%). First LNG, primarily intended to serve the marine fuel market (LNG bunkering) in the Gulf to reduce emissions in the shipping industry, is expected in the first quarter of 2028. (Oil & Gas Journal, 2 May 2025)

• INEOS Group Ltd. and Covestro AG have signed a deal for the British diversified conglomerate to supply the German major polymer materials producer with liquefied natural gas (LNG) for up to eight years from 2027. (Rigzone, 1 May 2025)

• Woodside Energy Group Ltd. has tapped BP PLC for the supply of up to 640 billion cubic feet of natural gas for the Louisiana LNG project on the United States Gulf Coast. (Rigzone, 1 May 2025)

• Woodside Energy Group Ltd. said Tuesday it had made a positive final investment decision (FID) on the Louisiana LNG project. “The forecast total capital expenditure for the LNG project, pipeline and management reserve is US$17.5 billion (100 percent)”, the Australian oil and gas exploration and production company said in an online statement. (Rigzone, 29 April 2025)

• QatarEnergy and Exxon Mobil Corp. on Monday secured regulatory approval to commission their Sabine Pass, Texas liquefied natural gas (LNG) project. (Rigzone, 29 April 2025)

• Woodside Energy has pressed go on the Louisiana investment set to make it a “global LNG powerhouse”. Not bad for the oil and gas start-up named after a Victorian Bass Strait town seven decades ago. (Australian Financial Review, 29 April 2025)

• Indian energy importers are switching from pricey liquefied natural gas to cheaper oil products, a move that will help ease tight global supplies of the super-chilled fuel. (Rigzone, 24 April 2025)

• TotalEnergies signed a heads of agreement (HoA) with Energia Natural Dominicana (ENADOM), the joint venture between AES Dominicana and Energas in the Dominican Republic, for delivery of 400,000 tonnes/year (tpy) of LNG.  (Oil & Gas Journal, 23 April 2025)

• Petroliam Nasional Bhd. (Petronas) has delivered its first liquefied natural gas (LNG) cargo for Vietnam National Industry-Energy Group (Petrovietnam), renamed earlier this month from Vietnam Oil and Gas Group, as part of a cooperation deal signed 2023. (Rigzone, 23 April 2025)

• German LNG Terminal GMBH has awarded Ballast Nedam Infra BV and Hakkers Waterbouw the contract to build a sea jetty as part of the 10 billion cu m/year land-based terminal German LNG is building in Brunsbüttel, Germany. The companies will execute the work as subcontractors to main contractor CS Gas North, a collaboration between Spanish companies Grupo Cobra and Sener. (Oil & Gas Journal, 22 April 2025)

• ADNOC has signed a long-term agreement to supply ENN LNG (Singapore) Pte. Ltd., a wholly owned subsidiary of ENN Natural Gas Co. Ltd. Under the SPA, ADNOC will supply about 1 million tonnes/year (tpy) of LNG to ENN LNG for a period of 15 years. The LNG will primarily be sourced from ADNOC’s Ruwais LNG project. (Oil & Gas Journal, 22 April 2025)

• The European Union’s imminent release of a road map for phasing out Russian fossil fuel purchases will signal to companies that they should source more liquefied natural gas from the US, according to European Council President Antonio Costa. (Rigzone, 21 April 2025)

• German utility Uniper SE has signed liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Woodside Energy Group Ltd. In a media release, Uniper said Woodside will deliver 1 million tonnes per annum (MMtpa) from Louisiana LNG LLC and 1 MMtpa from its global portfolio. Uniper noted that the 2 MMtpa would cover approximately 3 percent of German total gas consumption in 2024. (Rigzone, 21 April 2025)

• Eni SpA has signed a memorandum of understanding (MoU) with Argentina’s state energy company YPF for the joint evaluation of the Argentina LNG project. (Rigzone, 18 April 2025)

• bp says it has safely loaded the first cargo of LNG for export from its GTA Phase 1 project offshore Mauritania and Senegal. (Offshore Mag, 17 April 2025)

• Global energy major TotalEnergies SE signed a heads of agreement (HoA) with Energia Natural Dominicana Enadom, S.R.L. (Enadom) for the delivery of 400,000 tons of liquefied natural gas (LNG) per year. (Rigzone, 16 April 2025)

• Delfin Midstream has announced significant progress in securing key permits and approvals for its energy infrastructure project in the US. Delfin LNG, a subsidiary of Delfin, received a licence from the Maritime Administration (MARAD) on 21 March 2025. The licence allows Delfin LNG to own, construct, operate and decommission a deep-water port to export liquefied natural gas (LNG) from the US. (Offshore Technology, 11 April 2025)

• NextDecade Corp. has secured a 20-year, 1.2 million metric tons per annum (MMtpa) offtake from Saudi Arabian Oil Co. (Aramco) for the planned fourth liquefaction train of the under-construction Rio Grande LNG project in Brownsville, Texas. (Rigzone, 9 April 2025)

• LNG Canada has started to cool down its liquefied natural gas plant in Kitimat, British Columbia, considered a final step before it begins to produce the superchilled gas, two people told Reuters. LNG Canada is the country's first LNG export facility and when completed is expected to produce 14 million metric tonnes per annum (MTPA) for export. (Reuters, 9 April 2025)

• Woodside Energy Group Ltd. has entered into a binding agreement with investment firm Stonepeak to farm out 40% interest in Louisiana LNG Infrastructure LLC, its LNG production and export terminal under construction in Calcasieu Parish, La. (Oil & Gas Journal, 8 April 2025)

• LNG Canada has started to cool down its liquefied natural gas plant in Kitimat, British Columbia, considered a final step before it begins to produce the superchilled gas. LNG Canada is the country's first LNG export facility and when completed is expected to produce 14 million metric tonnes per annum (MTPA) for export. (Reuters, 9 April 2025)

• Stonepeak Partners LP has signed an agreement to become a 40 percent partner in Woodside Energy Group Ltd.’s Louisiana LNG project, committing a cumulative investment of $5.7 billion. (Rigzone, 7 April 2025)

• The Federal Energy Regulatory Commission has granted approval to U.S. LNG developer Venture Global Inc to commence service on the remainder of the facilities at the Calcasieu Pass LNG Terminal in Louisiana, according to a filing on Thursday. (Reuters, 4 April 2025)

Q1 2025 Activities and Opportunities

• State-owned China Resources Gas International Ltd. has contracted Woodside Energy Group Ltd. for the supply of 600,000 metric tons per annum of liquefied natural gas (LNG) to China over 15 years. (Rigzone, 17 March 2025)

• Venture Global LNG Inc. has taken final investment decision (FID) on Phase 2 of its 20-million tonne/year (tpy) Plaquemines LNG plant in Plaquemines Parish, La. Accordingly, the company also issued a full notice to continue with Phase 2 construction to contractors KZJV LLC, a joint venture of Zachary Group and KBR Inc. (Oil & Gas Journal, 15 March 2025)

• Naftogaz Group and ORLEN SA have signed a memorandum of cooperation in the liquefied natural gas (LNG) sector to help Ukraine diversify its energy supply. The first act of the agreement will be the sale by ORLEN of about 100 million cubic meters (3.53 billion cubic feet) of gas derived from the regasification of an LNG cargo. (Rigzone, 11 March 2025)

• The United States Department of Energy (DOE) on Monday granted a five-year deadline extension for Delfin LNG LLC to begin exports under its non-FTA permit. (Rigzone, 11 March 2025)

• Venture Global said it is expanding its Plaquemines LNG project in Louisiana with 24 trains and is planning to invest an additional $18 billion. The investment would bring its total investment in its current and planned U.S. projects to more than $75 billion. (Rigzone, 10 March 2025)

• The United States’ share of the world’s liquefied natural gas (LNG) trade is regaining momentum at a pace that could reach one-third of global demand, or two times the consumption of Japan and South Korea combined, by 2035, Shell PLC projects. (Rigzone, 4 March 2025)

• Annual global gas demand saw a 700 billion cubic meters (bcm) surge over the past decade at a 1.8% compound annual growth rate (CAGR) and the global gas demand increased around 2.5% in 2024 despite limited new LNG supplies. (Offshore Energy, 4 March 2025)

• In a statement posted on its website recently, ADNOC announced that it has signed a sales and purchase agreement (SPA) with Osaka Gas for the supply of up to 0.8 million tons per annum of liquefied natural gas (LNG). (Rigzone, 3 March 2025)

• NextDecade Corp. has begun development of three additional trains for its Rio Grande LNG liquefaction plant on the north shore of the Brownsville Ship Channel in south Texas, bringing its total planned capacity to 45 million tonnes/year (tpy). (Oil & Gas Journal, 1 March 2025)

• In a BMI report sent to Rigzone by the Fitch Group, analyst at BMI, a unit of Fitch Solutions, said “leading energy companies, such as BP, Shell, TotalEnergies, and Equinor” are “holding back renewables commitments to secure higher short-term return” but warned that a “bearish oil and gas price outlook will squeeze profit margins”. (Rigzone, 26 February 2025)

• Global demand for liquefied natural gas (LNG) is projected to increase by around 60% by 2040, driven by economic expansion in Asia, emissions reduction efforts in heavy industry and transportation, and the growing impact of artificial intelligence, according to Shell’s LNG Outlook 2025. Industry forecasts now anticipate LNG demand to reach 630-718 million tons/year (tpy) by 2040, reflecting an upward revision from previous estimates. (Oil & Gas Journal, 25 February 2025)

• For the first time since taking the reins, Chief Executive Officer Murray Auchincloss will lay out his new vision, with the stakes high after Elliott Investment Management bought up about 5% of the company in order to push for big changes.  (Rigzone, 25 February 2025)

• Woodside Energy Group Ltd. is preparing to give the go-ahead for its Louisiana LNG project as Australia’s biggest natural gas producer looks beyond its core markets in Asia. (Rigzone, 25 February 2025)

• Venture Global LNG Inc. has taken final investment decision (FID) on Phase 2 of its 20-million tonne/year (tpy) Plaquemines LNG plant in Plaquemines Parish, La. Accordingly, the company also issued a full notice to continue with Phase 2 construction to contractors KZJV LLC, a joint venture of Zachary Group and KBR Inc.  (Oil & Gas Journal, 24 February 2025)

• Centrica said it has secured a sale and purchase agreement to provide liquefied natural gas (LNG) to Petróleo Brasileiro S.A (Petrobras). The contract between the two companies is for the purchase of 0.8 million tons per annum (mtpa) of LNG for 15 years, beginning in 2027. (Rigzone, 24 February 2025)

• Cheniere Energy Inc. has produced the first liquefied natural gas (LNG) cargo from a project expanding the Corpus Christi LNG (CCL) terminal in the namesake Texan city. CCL Stage 3 has seven midscale trains with an expected production capacity of over 10 million metric tons per annum (MMtpa), raising CCL’s output capacity to over 25 MMtpa from 10 trains. (Rigzone, 21 February 2025)

• Tokyo Gas Co. Ltd. has acquired a 20 percent stake in FGEN LNG Corp., which owns one of two operational liquefied natural gas (LNG) receiving terminals in the Philippines. (Rigzone, 19 February 2025)

• Egypt and Cyprus on Monday signed deals for the reexport and commercialization of Cypriot gas, agreements that are key for Cairo in its push to become a regional energy exporter as its own output suffered declines in the past couple of years. (Rigzone, 17 February 2025)

• TotalEnergies SE has closed a long-term deal to supply India’s state-owned Gujarat State Petroleum Corporation Limited (GSPC), with 400,000 tons of liquefied natural gas (LNG), amounting to six cargoes per year. (Rigzone, 17 February 2025)

• ADNOC Gas plc signed a 14-year agreement to supply LNG to Indian Oil Corp. Ltd.  The SPA delivery of 1.2 million tonnes/year (tpy) LNG sourced from the Das Island liquefaction plant which has a production capacity of up to 6 million tpy. (Oil & Gas Journal, 14 February 2025)

• TotalEnergies signed a long-term agreement to supply state-owned Gujarat State Petroleum Corp. Ltd. (GSPC) with 400,000 tonnes/year of LNG, amounting to six cargoes per year. (Oil & Gas, 13 February 2025)

• A BP PLC-operated liquefied natural gas (LNG) project in Western Africa is expected to dispatch its first cargo by March. On January 2 BP said gas had started flowing from wells in the Greater Tortue Ahmeyim (GTA) field on the maritime border of Mauritania and Senegal to the GTA floating production, storage and offloading (FPSO) vessel as part of the commissioning process. Located about 40 kilometers (24.85 miles) offshore, the FPSO removes water, condensate and impurities from the gas then sends it via pipeline to a floating liquefaction vessel situated 10 kilometers offshore. (Rigzone, 10 February 2025)

• The North Asian trio of Japan, Korea, and Taiwan play a major role in global LNG markets. According to the International Group of Liquefied Natural Gas Importers, they were the second, third, and fifth largest LNG importers, respectively, in 2024, collectively accounting for one third of global LNG imports. (PESA Gazette, 9 January 2025)

• A groundbreaking ceremony has been held for five mini-liquefied natural gas (LNG) facilities in the Nigerian state of Kogi. NNPC holds stakes in three of the projects: 90 percent in Prime LNG, 50 percent in NGML/Gasnexus LNG and 10 percent in BUA LNG. The other two plants are LNG Arete and Highland LNG. The five will rise in the town of Ajaokuta. (Rigzone, 3 February 2025)

• Argent LNG LLC signed a heads of agreement (HoA) with the Government of Bangladesh for supply of up to 5 million tonnes/year (tpy) of LNG. Argent LNG aims to build and operate a mid-sized onshore LNG export project with up to 12 LNG trains with a combined capacity of 25 million tpy. (Oil & Gas Journal, 28 January 2025)

• ADNOC Gas PLC has won a $450 million (AED 1.653 billion) contract to deliver liquefied natural gas (LNG) to Japan for three years. The order was placed by JERA Global Markets Pte. Ltd., owned 66.7 percent by Japanese power utility JERA Co. Inc. and 33.3 percent by France’s EDF Trading Ltd. (Rigzone, 27 January 2025)

Q4 2024 Activities and Opportunities

• Energy Transfer LP subsidiary Energy Transfer LNG Export LLC agreed to supply LNG to Chevron for a 20-year term.  Through the deal, signed with Chevron USA Inc., Energy Transfer will supply to Chevron 2 million tonnes/year (tpy) of LNG from its proposed and fully-permitted Lake Charles LNG plant on a free-on-board (FOB) basis. The purchase price will consist of a fixed liquefaction charge and a gas supply component indexed to the Henry Hub benchmark. (Oil & Gas Journal, 21 December 2024)

• The United Arab Emirates’s biggest oil producer agreed to sell liquefied natural gas to a second German utility as it wraps up more supply contracts from a new export terminal it’s building. Abu Dhabi National Oil Co. will supply 0.6 million tons of LNG annually to Germany’s EnBW Energie Baden-Wuerttemberg AG for 15 years starting 2028. (Rigzone, 16 December 2024)

• Abu Dhabi National Oil Co. (ADNOC) last week agreed to sell 1 million tonnes/year (tpy) of production from its 9.6-million tpy Ruwais LNG project to Malaysia’s Petroliam Nasional Berhad (Petronas) for a term of 15 years. The deal converts a previous heads of agreement between the two companies regarding the transaction to a definitive agreement.  (Oil & Gas Journal, 11 December 2024)

• Prolonging the United States’ pause on new liquefied natural gas (LNG) projects will deprive Asian countries of a price-competitive source, making it harder for emerging economies in the continent to phase out cheaper but more polluting coal, according to an analysis commissioned by Asia Natural Gas and Energy Association (ANGEA). (Rigzone, 4 December 2024)

• Shell PLC has committed to buy three million tons per annum (MMtpa) of liquefied natural gas (LNG) from QatarEnergy for the British energy giant’s activities in China. Delivery under the long-term deal will start January 2025. (Rigzone, 3 December 2024)

• Triggered by incoming U.S. President Donald Trump, the next four years could prime the liquefied natural gas (LNG) markets for a golden era. (Rigzone, 29 November 2024)

• Eni SPA has launched the hull of its 2.4-million tonne/year Nguya floating LNG plant at Wison shipyard in Nantong, China. Nguya FLNG will complement the existing 600,000-tpy Tango FLNG, operational since December 2023, bringing Congo LNG’s total liquefaction to 3 million tpy by end 2025. (Oil & Gas Journal, 27 November 2024)

• BP PLC and its partners have reached a $7 billion final investment decision (FID) on an Indonesian project to develop a gas field to supply feedstock to an existing liquefaction facility and build an associated carbon capture facility. (Rigzone, 26 November 2024)

• ADNOC has signed a long-term sales and purchase Agreement (SPA) for the lower-carbon Ruwais LNG project currently under development in Al Ruwais Industrial City, Abu Dhabi. LNG will primarily be sourced from Ruwais, with deliveries expected to start in 2028 upon commencement of its commercial operations. (Oil & Gas Journal, 8 November 2024)

• Oman is advancing plans to expand natural gas liquefaction capacity with a fourth LNG train at the Qalhat LNG complex in Sur, Oman. KBR Inc. has been awarded a front-end engineering design (FEED) contract for the Sur LNG Train 4 Project. (Oil & Gas Journal, 8 November 2024)

• QatarEnergy said Thursday it had held naming ceremonies to inaugurate four of the dozens of conventional-size liquefied natural gas (LNG) vessels it had ordered from South Korean builders. Three of the newly inaugurated ships, named “Lebrethah”, “Nuaijah” and “Umm Swayyah”, mark the first deliveries by Hanwha Ocean Co. Ltd. under QatarEnergy’s LNG fleet expansion program. (Rigzone, 8 November 2024)

• TotalEnergies SE has signed an agreement with China Petroleum & Chemical Corp. to supply the state-owned refiner with two million tons per annum (MMtpa) of liquefied natural gas (LNG) for 15 years starting in 2028. (Rigzone, 7 November 2024)

• Several gas developments are underway in Guyana and Suriname that could offer new competitive LNG supply sources early next decade, according to a new report from Wood Mackenzie. According to Wood Mackenzie’s report “Can Guyana and Suriname LNG compete against new global supply?”, Guyana and Suriname could supply up to 12 million metric tonnes per annum (mmpta) of LNG by the next decade. (Wood Mackenzie, 4 November 2024)

• The number of liquefied natural gas (LNG)-fuelled vessels has grown significantly from 21 in 2010 to 590 today, with 564 more on order, projecting over 1,150 vessels by 2028. That’s according to recent reports from SEA-LNG, which also note that LNG-fuelled vessels account for more than 2% of the global shipping fleet, with the order book continuing to grow. (Gasworld, 8 October 2024)

• Santos Ltd. has signed a mid-term liquefied natural gas (LNG) supply contract with TotalEnergies Gas & Power Asia Private Limited. The contract is to supply 20 LNG cargoes, or up to approximately 0.5 million metric tons of LNG per annum over a period of three years plus one quarter. (Rigzone, 4 October 2024)

• Growth in global gas demand is set to pick up this year due to colder winter temperatures and easing prices, with emerging economies leading the increase in consumption, but geopolitical risks and supply-side concerns could trigger renewed price volatility, according to the IEA’s latest Gas Market Report. (IEA, 3 October 2024)

• Mitsubishi Corp. has extended an existing 10 percent stake each in two of the four joint ventures comprising the Petronas LNG complex in Bintulu district, Sarawak state. (Rigzone, 30 September 2024)

• Japan’s Mitsubishi Corporation has signed new agreements with Malaysia’s state-owned energy giant Petronas, reaffirming its engagement in two of Malaysia’s liquefied natural gas (MLNG) plants owned by the latter in the country’s Sarawak region. (Offshore Energy, 30 September 2024)

• Glencore is set to purchase 2 million tonnes per annum (mtpa) of LNG for 20 years from the Commonwealth LNG project and equivalent natural gas supply from KTG under a netback agreement. The definitive agreements are expected to follow in Q4 2024. (Offshore Energy, 23 September 2024)

• In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces a 5-year extension of its sales and purchase agreement (SPA) with CNOOC, for the delivery of 1.25 million tons of LNG per year to China until 2034. (TotalEnergies, 19 September 2024)

• TotalEnergies has signed a heads of agreement (HoA) to supply LNG to Türkiye. In a deal aligned with its strategy to grow long-term LNG sales, the HoA signed with BOTAŞ calls for TotalEnergies to deliver 1.1 million tonnes/year of LNG for 10 years beginning in 2027. (Oil & Gas Journal, 19 September 2024)

• Woodside Energy Group Ltd. has signed a sale and purchase agreement (SPA) with JERA Co. Inc. for the long-term supply of liquefied natural gas (LNG) to Japan. Under the SPA, Woodside will supply approximately 0.4 million metric tons, or six cargoes, of LNG per year over 10 years on a delivered basis, beginning April 2026. (Rigzone, 19 September 2024)

• MidOcean Energy is acquiring an additional 15 percent interest in Peru LNG (PLNG) from Hunt Oil Company. Upon closing of the transaction, MidOcean’s interest in PLNG will increase from 20 percent to 35 percent. Hunt’s interest in PLNG will decrease from 50 percent to 35 percent, and Hunt will remain the operator of PLNG following the transaction. (Rigzone, 19 September 2024)

• ADNOC has signed 15-year agreement with Indian Oil Corp. Ltd. (IndianOil) for the delivery of 1 million tonnes/year (tpy) of LNG, primarily sourced from ADNOC’s lower-carbon Ruwais LNG project under development in Al Ruwais Industrial City, Abu Dhabi. (Oil & Gas Journal, 11 September 2024)

• The Japanese government is considering support measures to make it easier for companies to enter into long-term purchase contracts for liquefied natural gas to ensure a stable supply of the super-chilled fuel. (Reuters, 11 September 2024)

• QatarEnergy signed an agreement with China State Shipbuilding Corp. (CSSC) for the construction of six additional QC-Max vessels, bringing the total number of LNG vessels on order under its fleet expansion program to 128. (Gas & Oil Journal, 10 September 2024)

• Santos has signed a mid-term LNG supply contract with Glencore Singapore Pte Ltd. The contract is to supply 19 LNG cargoes, or up to 500,000 tonnes/year of LNG over a period of 3 years plus one quarter. (Oil & Gas Journal, 9 September 2024)

• North America's LNG export capacity is on track to more than double to 24.4 bcfd by 2028 from 11.4 bcfd in 2023 if projects currently under construction begin operations as planned, according to data from the US Energy Information Administration (EIA). (Oil & Gas Journal, 4 September 2024)

• Shell International Trading Middle East Fze (Shell) and Türkiye’s Boru Hatları ile Petrol Taşıma AŞ (BOTAŞ) signed a 10-year agreement through which Shell will supply BOTAŞ with up to 4 billion cu m/year (bcmy) of LNG a year from its US and global portfolio, with deliveries starting in 2027. (Oil & Gas Journal, 3 September 2024)

Q3 2024 Activities and Opportunities

• Mitsubishi Corp. has extended an existing 10 percent stake each in two of the four joint ventures comprising the Petronas LNG complex in Bintulu district, Sarawak state. (Rigzone, 30 September 2024)

• Japan’s Mitsubishi Corporation has signed new agreements with Malaysia’s state-owned energy giant Petronas, reaffirming its engagement in two of Malaysia’s liquefied natural gas (MLNG) plants owned by the latter in the country’s Sarawak region. (Offshore Energy, 30 September 2024)

• Glencore is set to purchase 2 million tonnes per annum (mtpa) of LNG for 20 years from the Commonwealth LNG project and equivalent natural gas supply from KTG under a netback agreement. The definitive agreements are expected to follow in Q4 2024. (Offshore Energy, 23 September 2024)

• In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces a 5-year extension of its sales and purchase agreement (SPA) with CNOOC, for the delivery of 1.25 million tons of LNG per year to China until 2034. (TotalEnergies, 19 September 2024)

• TotalEnergies has signed a heads of agreement (HoA) to supply LNG to Türkiye. In a deal aligned with its strategy to grow long-term LNG sales, the HoA signed with BOTAŞ calls for TotalEnergies to deliver 1.1 million tonnes/year of LNG for 10 years beginning in 2027. (Oil & Gas Journal, 19 September 2024)

• Woodside Energy Group Ltd. has signed a sale and purchase agreement (SPA) with JERA Co. Inc. for the long-term supply of liquefied natural gas (LNG) to Japan. Under the SPA, Woodside will supply approximately 0.4 million metric tons, or six cargoes, of LNG per year over 10 years on a delivered basis, beginning April 2026. (Rigzone, 19 September 2024)

• MidOcean Energy is acquiring an additional 15 percent interest in Peru LNG (PLNG) from Hunt Oil Company. Upon closing of the transaction, MidOcean’s interest in PLNG will increase from 20 percent to 35 percent. Hunt’s interest in PLNG will decrease from 50 percent to 35 percent, and Hunt will remain the operator of PLNG following the transaction. (Rigzone, 19 September 2024)

• ADNOC has signed 15-year agreement with Indian Oil Corp. Ltd. (IndianOil) for the delivery of 1 million tonnes/year (tpy) of LNG, primarily sourced from ADNOC’s lower-carbon Ruwais LNG project under development in Al Ruwais Industrial City, Abu Dhabi. (Oil & Gas Journal, 11 September 2024)

• The Japanese government is considering support measures to make it easier for companies to enter into long-term purchase contracts for liquefied natural gas to ensure a stable supply of the super-chilled fuel. (Reuters, 11 September 2024)

• QatarEnergy signed an agreement with China State Shipbuilding Corp. (CSSC) for the construction of six additional QC-Max vessels, bringing the total number of LNG vessels on order under its fleet expansion program to 128. (Gas & Oil Journal, 10 September 2024)

• Santos has signed a mid-term LNG supply contract with Glencore Singapore Pte Ltd. The contract is to supply 19 LNG cargoes, or up to 500,000 tonnes/year of LNG over a period of 3 years plus one quarter. (Oil & Gas Journal, 9 September 2024)

• North America's LNG export capacity is on track to more than double to 24.4 bcfd by 2028 from 11.4 bcfd in 2023 if projects currently under construction begin operations as planned, according to data from the US Energy Information Administration (EIA). (Oil & Gas Journal, 4 September 2024)

• Shell International Trading Middle East Fze (Shell) and Türkiye’s Boru Hatları ile Petrol Taşıma AŞ (BOTAŞ) signed a 10-year agreement through which Shell will supply BOTAŞ with up to 4 billion cu m/year (bcmy) of LNG a year from its US and global portfolio, with deliveries starting in 2027. (Oil & Gas Journal, 3 September 2024)

• AMIGO LNG SA de CV (Amigo LNG) of Mexico, a subsidiary of LNG Alliance Pte Ltd, Singapore, announced today that it entered into a binding Heads of Agreement (HOA) with OQ Trading (OQT), the trading arm of the national energy company of the Sultanate of Oman, to supply LNG from its liquefaction facility in Guaymas, Sonora, Mexico. This key milestone paves the way for the long term supply of LNG targeting the rapidly growing Asian market. (LNG Alliance Pte Ltd, 30 August 2024)

• Mexico Pacific has finalized a 20-year sales and purchase agreement (SPA) with POSCO International, a leading energy trading company from Korea. The deal, announced this week, involves POSCO International purchasing 0.7 million tonnes per annum (mtpa) of LNG from Mexico Pacific's SaguaroEnergía facility. (Pipeline & Gas Journal, 29 August 2024)

• Based on the 2024 Global Gas Report by the International Gas Union (IGU), Italian energy player Snam, and energy market intelligence group Rystad Energy, the world may face an energy deficit soon, with renewable energy targets at risk of falling through due to insufficient funding allocated to gas and clean energy projects. (Offshore Energy, 29 August 2024)

• QatarEnergy has agreed to a 15-year deal with Kuwait Petroleum Corp. (KPC) for the supply of up to 3 million tonnes/year (tpy) of LNG to the State of Kuwait. (Oil & Gas Journal, 27 August 2024)

• Amigo LNG SA de CV, a subsidiary of Singapore’s LNG Alliance Pte Ltd, has entered into a long-term liquefied natural gas (LNG) supply agreement with Malaysia’s E&H ENERGY SDN BHD. Under the agreement, Amigo LNG will supply 3.6 million metric tons per annum (mtpa) of LNG to E&H for the Malaysian market over 20 years, beginning in the third quarter of 2027. (Rigzone, 27 August 2024)

• South Korean liquefied natural gas (LNG) infrastructure company GAS Entec has secured a contract to build the Sheikh Sabah Al-Ahmad Al-Jaber Al Sabah onshore regasification LNG Terminal at Port of Aqaba in Jordan. (Rigzone, 22 August 2024)

• Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement (HOA) with Japan’s Osaka Gas for liquefied natural gas (LNG) supply mainly originating from its low-carbon Ruwais LNG project, currently under development. Under the terms of the deal, ADNOC is set to deliver up to 0.8 million metric tonnes per annum (mmtpa) of LNG to the ports of Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading (OGEST). The Japanese-UAE duo plans to conclude a detailed sale and purchase agreement in the coming months based on the terms of the HOA, which is said to be ADNOC’s first long-term LNG deal with a Japanese energy company since the early 1990s. (Offshore Energy, 8 August 2024)

• Cheniere Energy, Inc. subsidiary Cheniere Marketing, LLC has secured a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Galp Trading S.A., a subsidiary of Galp Energia, SGPS, S.A. Under the SPA, Portuguese energy company Galp will purchase approximately 0.5 million metric tons per annum (mtpa) of LNG for 20 years from Cheniere Marketing on a free-on-board basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee. (Rigzone, 7 August 2024)

• Shipping giant A.P. Moller-Maersk A/S is in the process of securing 50-60 vessels as part of its fleet renewal program, including ships that will be able to run on liquefied natural gas, a fuel the company has criticized in the past. The order is for a mix of owned and chartered dual-fuel vessels totaling 800,000 twenty-foot equivalent units — a measure of how much cargo is transported. (Rigzone, 7 August 2024)

• Woodside Energy has splashed $US900 million ($1.35 billion) to expand into the Gulf of Mexico as part of plans to become a “global LNG powerhouse” despite a backlash from investors who say it is too slow to transition away from the fossil fuel. (Australian Financial Review, 22 July 2024)

• Woodside Energy Group Ltd. has signed a sale and purchase agreement (SPA) with Taiwan’s CPC Corporation for the long-term supply of liquefied natural gas (LNG) to the country. Under the SPA, Woodside will supply approximately six million metric tons of LNG on a delivered basis over 10 years, beginning in July. (Rigzone, 12 July 2024)

• Abu Dhabi National Oil Co. (ADNOC) has entered agreements farming out a 40 percent ownership in its largest natural gas liquefaction project to BP PLC, Mitsui & Co. Ltd., Shell PLC and TotalEnergies SE. The companies separately signed up for a 10 percent interest each in the liquefied natural gas (LNG) export plant in Al Ruwais Industrial City, which is planned to have two trains with a combined production capacity of 9.6 million metric tons per annum (MMtpa). (Rigzone, 11 July 2024)

• Australia's Woodside Energy (WDS.AX) has signed a deal with Taiwanese state-owned natural gas firm CPC Corporation to supply liquefied natural gas for a period of 10 years to Taiwan. Woodside will deliver 6 million tonnes of LNG over the period, starting from July. The company may supply another 8.4 million tonnes of LNG to CPC from 2034 to 2043, subject to conditions and agreement on terms for this period. (Reuters, 11 July 2024)

• Malaysia’s Petroliam Nasional Bhd. (Petronas) has earmarked three new energy-efficient liquefied natural gas (LNG) vessels as the company gears up for the startup of LNG Canada in Kitimat, British Columbia. (Rigzone, 10 July 2024)

• Swiss-based MET Group has entered into a long-term FOB (Free-On-Board) LNG purchase agreement, by signing a 10-year agreement with Shell. MET’s primary objective is to supply its European customers with US LNG. (MET Group, 9 July 2024)

• Saudi Arabian Oil Co. (Aramco) has awarded construction contracts worth a combined $25 billion for expansion, drilling and capacity maintenance projects for its natural gas assets. The awards “progress its strategic gas expansion, which targets sales gas production growth of more than 60 percent by 2030, compared to 2021 levels”, the state-owned energy giant said in a statement. (Rigzone, 2 July 2024)

• ADNOC L&S last week awarded South Korean shipyards Samsung Heavy Industries and Hanwha Ocean up to $2.5 billion shipbuilding contracts for the construction of new LNG carriers as part of its growth strategy and fleet expansion plans. (Oil & Gas Journal, 9 July 2024)

• Golar LNG Ltd. has entered into definitive agreements with Pan American Energy (PAE) for the 20-year deployment of a floating liquefied natural gas (FLNG) vessel in Argentina. The FLNG project targets monetizing Argentine gas, tapping into the vast resources of the Vaca Muerta shale formation in the Neuquina Basin, the world's second-largest shale gas resource. The project is expected to start liquefied natural gas (LNG) exports within 2027, establishing Argentina as an LNG exporter. (Rigzone, 8 July 2024)

Q2 2024 Activities and Opportunities

• The subsidiaries of Saudi Arabian Oil Co. (Aramco) and Sempra have executed a non-binding heads of agreement (HoA) for liquefied natural gas (LNG) supply from the Port Arthur LNG Phase 2 expansion project in Jefferson County, Texas. The HoA is for a 20-year sale and purchase agreement (SPA) for LNG offtake of 5.0 million metric tons per annum (mtpa) from the project of Sempra Infrastructure LLC. (Rigzone, 27 June 2024)

• Australian liquefied natural gas (LNG) producers are potentially facing a couple of challenges in the global market: an oil supply glut and a global LNG oversupply. (Rigzone, 19 June 2024)

• Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has agreed to acquire Pavilion Energy Pte. Ltd., Singapore, adding to the operator’s global LNG portfolio.  Financial details were not disclosed. Shell plans to grow its LNG business by 20-30% by 2030, compared with 2022, while purchased LNG volumes are expected to grow by 15-25%, relative to 2022. (Oil & Gas Journal, 19 June 2024)

• Nigerian National Petroleum Co. Ltd. (NNPC) has tapped Golar LNG Ltd. for the deployment of a floating liquefied natural gas (FLNG) facility in Nigeria. (Rigzone, 17 June 2024)

• Saudi Arabian Oil Co. (Aramco) has signed a non-binding heads of agreement (HoA) with NextDecade Corporation for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA. (Rigzone, 14 June 2024)

• Venture Global LNG Inc. and the commercial arm of DTEK Group, D. TRADING, have executed a heads of agreement (HoA) for the supply of US LNG to Ukraine and Eastern Europe. The HoA provides that D. TRADING will purchase cargoes from Venture Global's 20-million tonne/year (tpy) Plaquemines LNG plant in Plaquemines Parish, La., beginning later this year through end-2026 to support near to medium term energy security needs for Ukraine and the broader Eastern European region. (Oil & Gas, 14 June 2024)

• Japan is showing signs it will boost its needs for LNG-fired power generation through to the next decade due to an upward revision of its future electricity consumption and a greater emphasis on energy security, according to delegates at an industry gathering in Tokyo last week. (Energy Intelligence Group, 11 June 2024)

• The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipped over long distances, according to new research from Rystad Energy. Natural gas that is produced and liquified in the US and shipped to Asia on return journeys of about 23,000 miles could emit up to 50% less than even the cleanest coal power plants. (Rystad Energy, 11 June 2024)

• QatarEnergy has roped in a new partner for the North Field East expansion project through an agreement with Taiwan’s state-owned oil and gas company CPC Corp., which also signed a long-term offtake for the liquefied natural gas (LNG) project. (Rigzone, 10 June 2024)

• The LNG regasification segment is set to dominate upcoming oil and gas midstream projects in China. That’s what data and analytics company GlobalData said in a release sent to Rigzone recently, outlining that the segment will account for about 47 percent of the midstream projects beginning between this year and 2028. (Rigzone, 10 June 2024)

• Alaska Gasline Development Corp. (AGDC) has signed a preliminary agreement to source gas from Pantheon Resources PLC for Alaska LNG, a federally authorized project to export up to 20 million metric tons of liquefied natural gas (LNG) per year. (Rigzone, 6 June 2024)

• QatarEnergy signed definitive agreements with CPC Corp., Taiwan, covering the long-term supply of LNG to CPC and partnership in the North Field East LNG expansion project (NFE). QatarEnergy will supply 4 million tonnes/year (tpy) of LNG from the NFE project to CPC over a period of 27 years. (Oil & Gas Journal, 6 Kime 2024)

• TotalEnergies SE has signed two new liquefied natural gas (LNG) contracts in Asia, in line with its strategy of growing its LNG business. The Paris-based energy major signed a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800,000 tons per year of LNG for ten years from 2026. (Rigzone, 5 June 2024)

• Tellurian Inc. is in discussions with Saudi Aramco and Woodside Energy Group Ltd. over the two companies investing in its liquefied natural gas export project in Louisiana, according to people familiar with the matter. (Rigzone, 4 June 2024)

• Santos Ltd. has signed a binding long-term liquified natural gas (LNG) supply and purchase agreement (SPA) with Japan-based Hokkaido Gas Co., Ltd. Beginning in 2027, approximately 0.4 million metric tons per annum of LNG for 10 years will be supplied through the SPA from Santos’s LNG portfolio on a delivered ex-ship basis. (Rigzone, 29 May 2024)

• Qatar expects to secure more long-term agreements with liquefied natural gas (LNG) customers this year, QatarEnergy chief executive Saad Sherida Al-Kaabi has said, assuring ongoing projects are on track to double the Gulf state’s LNG production capacity in the next few years. (Rigzone, 17 May 2024)

• The main oil company of the United Arab Emirates bought a stake in NextDecade Corp.’s natural gas export project in Texas, its first acquisition in the US that will also give it supply from the plant for 20 years. Abu Dhabi National Oil Co. will take a 11.7% stake in phase 1 of the Rio Grande LNG project. The deal also gives ADNOC 1.9 million tons a year of liquefied natural gas supply from the project’s future Train 4. (Rigzone, 20 May 2024)

• ExxonMobil Corp. has signed an LNG supply deal with Turkey. Per the agreement with BOTAŞ, ExxonMobil will supply 2.5 million tpy of LNG for 10 years. (Oil & Gas Journal, 10 May 2024)

• QatarEnergy has signed a “long-term” charter agreement with Qatar Gas Transport Co. Ltd. (Nakilat) assigning Nakilat ownership and operatorship of nine QC Max-size liquefied natural gas (LNG) vessels. State-owned QatarEnergy earlier selected Nakilat for the ownership and operatorship of 25 conventional-size LNG carriers. (Rigzone, 10 May 2024)

• Abu Dhabi’s national oil company ADNOC has signed a new deal to supply LNG from a planned large export facility to a German firm. The 15-year LNG agreement with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million metric tons per annum (mmtpa) of LNG from the Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi. Deliveries from the project are expected to begin in 2028, once commercial operations start. (Oilprice.com, 8 May 2024)

• Gunvor International B.V. has executed a non-binding heads of agreement (HoA) to purchase liquefied natural gas (LNG) from LNEnergy Limited.  Gunvor will purchase approximately 44,000 metric tons of LNG per annum from LNEnergy at its planned small-scale LNG production facility at the Colle Santo gas field, located onshore Italy. (Rigzone, 6 May 2024)

• The U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy, is anticipating further growth in natural gas trade, thanks to three new liquefied natural gas (LNG) export projects, which are slated to come online by the end of next year. (Offshore Energy, 1 May 2024)

• BP has entered into a long-term LNG sale and purchase agreement (SPA) with Korea Gas Corp. (KOGAS). Under the agreement, BP will provide KOGAS with up to 9.8 million t of LNG over 11 years on a delivered ex-ship (DES) basis from BP’s diverse portfolio of LNG sources. This deal is in addition to the existing long-term SPA between BP and KOGAS for DES supply of LNG that was signed in 2022. (Hydrocarbon Engineering, 30 April 2024)

• Qatar’s state-owned energy giant QatarEnergy is bolstering its giant liquefied natural gas (LNG) fleet expansion with a $6 billion deal for 18 ultra-modern QC-Max size LNG vessels, which are said to be the largest LNG ships ever built. (Offshore Energy, 30 April 2024)

• Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024, further cementing the US as the world’s biggest supplier of the super-chilled fuel. The Arlington, Virgina-based company requested approval to receive an LNG shipment to cool down its equipment as part of its start-up process at the Plaquemines LNG facility. (Rigzone, 29 April 2024)

• Japan’s gas utility provider Tokyo Gas has sold minority interests in four liquified natural gas (LNG) projects off the coast of Australia, with law firm Norton Rose Fulbright acting as legal counsel. (Offshore Energy, 26 April 2024)

• Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has sold over half of its liquefied natural gas (LNG) offtake with a second heads of agreement (HOA) with EQT Corporation. The second HOA is for natural gas liquefaction services for an additional 1.5 million tons per annum (mtpa) of LNG over 20 years. (Rigzone, 25 April 2024)

• MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by investment company EIG, has completed the acquisition of Korea-based SK earthon’s interest in Peru LNG (PLNG). (Offishore Energy, 24 April 2024)

• Oman LNG is in early discussions with the government to expand production with its fourth train, possibly adding more than 30% to existing capacity with an eye toward filling a potential shortage seen in 2029 and onward. (S & P Global, 23 April 2024)

• Samsung Heavy Industries Co. Ltd. (SHI) is set to deliver a liquefied natural gas (LNG) vessel ordered by financial and asset management giant J.P. Morgan Chase & Co., South Korea’s Ministry of Trade, Industry and Energy (MOTIE) has reported. (Rigzone, 22 April 2024)

• Oman LNG has signed a 10-year liquefied natural gas supply agreement with Shell, as the state-owned Omani company optimises its operations to meet global consumer demand. The deal involves up to 1.6 million metric tonnes of LNG a year and will start from next year. (The National News, 17 April 2024)

• Liquefied natural gas (LNG) remains the fuel of choice for lower-carbon shipping, despite the rise in orders for vessels equipped with dual-fuel methanol and ammonia engines, according to Rystad Energy analysis. While question marks remain around just how environmentally friendly LNG is as a shipping fuel, its price competitiveness, abundant supply and well-developed infrastructure give it an advantage over the alternatives. This is particularly evident with LNG bunkering; fueling ships with LNG. (Rystad Energy, 17 April 2024)

• The Energy Market Authority (EMA) and JERA Co., Inc. (JERA) have signed a Memorandum of Understanding (MoU) to cooperate on mutually beneficial areas in liquefied natural gas (LNG) procurement and supply chains for Singapore and Japan. Under the MoU, EMA and JERA will share best practices and knowledge in LNG procurement and management of LNG supplies as well as explore collaboration opportunities in LNG procurement and supply chain management. (Energy Market Authority, 16 April 2024)

• The United States exported 10% more natural gas in 2023 than in 2022, a record of 20.9 billion cubic feet per day (Bcf/d), according to our Natural Gas Monthly. U.S. liquefied natural gas (LNG) exports accounted for more than half of all U.S. natural gas exports, and natural gas exports by pipeline to Canada and Mexico accounted for the remainder. (U.S. Energy Information Administration, 15 April 2024)

• Philippine electricity supplier First Gen Corp. (FGEN) said Monday it has awarded a contract to CNOOC Gas and Power Trading & Marketing Ltd. for the supply of about 130,000 cubic meters (4.6 million cubic feet) of liquefied natural gas (LNG) for the Southeast Asian country. (Rigzone, 15 April 2024)

• QatarEnergy has finalized long-term TCP (time charter party) agreements with Asian ship owners to add 19 vessels to its LNG carrier fleet as it continues to strengthen its logistics capability ahead of a near doubling of LNG output from the North Field expansion. (JPT, 5 April 2024)

• MidOcean Energy, the liquefied natural gas (LNG) arm of energy investor EIG, has announced Japan’s Mitsubishi Corp. as an anchor investor, after MicOcean said it plans to supply the East Asian country through newly acquired assets in key LNG exporter Australia. (Rigzone, 4 April 2024)

• EIG, the private equity group that partnered with Brookfield for a failed $20 billion takeover of Origin Energy, has secured a foothold in Australia’s gas sector, taking a minority stake in three large projects across Queensland and Western Australia. The Washington-based group said it would open an office in Perth to oversee its investments in Woodside Energy’s Pluto LNG, Chevron’s Gorgon venture and Shell’s Queensland Curtis project. (Australian Financial Review, 3 April 2024)

• QatarEnergy and five shipping companies have signed time-charter agreements for 44 newbuild liquefied natural gas (LNG) carriers, raising the number of vessels under QatarEnergy's LNG fleet expansion program to over a hundred, the state-owned gas major said. Twenty-five of the 44 ships announced last week will be owned and operated by Qatar Gas Transport Co. Ltd. (Nakilat) after the two Qatari companies consummated an agreement first announced February 10, according to a news release by QatarEnergy. (Rigzone, 2 April 2024)

• MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by institutional investor EIG, has completed its acquisition of Tokyo Gas Co., Ltd’s interests in a portfolio of Australian integrated LNG projects. The acquisition includes Tokyo Gas’ interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects. (Rigzone, 1 April 2024)

Q1 2024 Activities and Opportunities

• German-Omani energy partnership is celebrating a new milestone as SEFE Securing Energy for Europe and Oman LNG have signed a sale and purchase agreement (SPA) for 0.4 million tonnes per annum (mtpa) of LNG. With the SPA in place, SEFE becomes the first German company to purchase Omani LNG. (Offshore Energy, 21 March 2024)

• Venture Global LNG Inc. is acquiring a fleet of nine liquefied natural gas (LNG) powered vessels. The vessels are being constructed in South Korea and are set to be delivered later in the year, Venture Global said in a news release Monday. All nine ships will deploy “best-in-class environmental and efficiency technology” and will be primarily fueled by the company’s LNG, it said. (Rigzone, 20 March 2024)

• Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition LLC, has signed a heads of agreement (HOA) with Gunvor Group Ltd., through Gunvor Singapore Pte Ltd., for a 20-year Free-on-Board (FOB) sale and purchase agreement for 0.5 million tonnes/year (tpy) of LNG from its 4-million tonne/year (tpy) LNG plant being developed at the Port of Brownsville, Texas. (Oil & Gas Journal, 19 March 2024)

• ADNOC has signed a 15-year heads of agreement with SEFE Marketing & Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of 1 million tonnes/year (tpy) of LNG. (Oil & Gas Journal, 19 March 2024)

• Argentina’s state-owned oil and gas company YPF expects to take a final investment decision on the first phase of the planned Argentina LNG export project it is developing with Malaysia’s Petronas in 2025, according to YPF’s CEO, Horacio Marin. (LNG Prime, 11 March 2024)

• The United States exported 7.1 billion cubic feet per day (Bcfpd) of liquefied natural gas (LNG) to Europe last year, maintaining its position as the region’s biggest LNG source for the third consecutive year, the U.S. Energy Information Administration (EIA) has reported. (Rigzone, 8 March 2024)

• Woodside Energy has concluded the sale of 10% in the Scarborough joint venture (JV) in Western Australia to LJ Scarborough (LNG Japan) for $910 million. (Offshore, 6 March 2024)

• Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research. (Hydrocarbon Processing, 6 March 2024)

• TotalEnergies SE has signed a sale and purchase agreement (SPA) to deliver liquefied natural gas (LNG) to Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries. The deal entails the delivery of up to 0.8 million tons per annum (mtpa) of LNG for a duration of sixteen years, starting in 2027. (Rigzone, 1 March 2024)

• Global energy company Woodside has signed a long-term liquefied natural gas (LNG) sales and purchase agreement with Korea Gas Corporation (KOGAS). The deal will see Woodside supply around 0.5 million tonnes per annum of LNG to Korea over a 10.5-year period, beginning 2026. (Gasworld, 28 February 2024)

• Vitol Inc. has signed a long-term sale and purchase agreement for the delivery of liquefied natural gas (LNG) with EOG Resources, Inc. Under the agreement, EOG will supply 180,000 million British thermal units per day (MMBtu/d) of natural gas, which is equivalent to approximately 1.25 million metric tons per annum (mtpa) of LNG, to Vitol at a purchase price indexed to Brent Crude Oil. (Rigzone, 27 February 2024)

• Qatar plans to expand exports of liquefied natural gas amid rising demand and a pause on growth projects in the US, a key rival supplier. The nation, which vies with the US and Australia as the biggest shipper of the fuel, will develop a new 16 million tons a year project before the end of this decade, lifting annual production capacity to 142 million tons by 2030. (Rigzone, 26 February 2024)

• Japan has laid down a $US1.4 billion ($2.1 billion) vote of confidence in Australian gas by taking a big slice of Woodside Energy’s Scarborough project in Western Australia, underscoring Asia’s appetite for supply of the fossil fuel for decades to come. (Australian Financial Review, 23 February 2024)

• Equinor and India’s Deepak Fertilisers and Petrochemicals Corp. Ltd. (DFPCL) have signed a 15-year agreement for the supply of 0.65 million tonnes/year of LNG with deliveries starting in 2026. (Oil & Gas Journal, 21 February 2024)

• Global demand for LNG is expected to rise by more than 50% by 2040, as industrial coal-to-gas switching increases in China and South Asian and Southeast Asian countries use more LNG to support economic growth, according to Shell’s LNG Outlook 2024. (Oil & Gas Journal, 15 February 2024)

• Indian city gas distribution company Adani Total Gas Ltd (ATGL) and INOX India Ltd have signed a mutual support agreement for a liquefied natural gas (LNG) partnership. Under the agreement, the two companies have designated each other “preferred partner” status for the delivery of LNG and liquefied compressed natural gas (LCNG) equipment and services. (Rigzone, 14 February 2024)

• Chesapeake Energy Corp. has signed tripartite agreements for the supply of liquefied natural gas (LNG) from Delfin LNG LLC, which the former has committed to sell to Singapore. The suite of deals, which also involves Gunvor Group Ltd., includes an agreement for Chesapeake to supply the offtake volume from the Louisiana project of Delfin LNG, a company of Delfin Midstream Inc., to Gunvor Singapore Pte. Ltd. (Rigzone, 14 February 2024)

• QatarEnergy and Qatar Gas Transport Co. Ltd. (Nakilat) have agreed on a time-charter arrangement for up to 25 newbuild LNG carriers, part of a bigger fleet expansion program by the Gulf state. (Rigzone, 13 February 2024)

• Centrica Energy has signed an agreement to purchase one million metric tons of liquefied natural gas (LNG) shipments between 2025 and 2027 from Spain’s Repsol SA. (Rigzone, 9 February 2024)

• Qatar will supply India 7.5 million tons per annum (MMtpa) of LNG for 20 years under a deal signed between QatarEnergy and the South Asian country’s Petronet LNG Ltd. (PLL). (Rigzone, 8 February 2024)

• QatarEnergy has agreed to supply 7.5 million tonnes/year (tpy) of LNG to India for 20 years through a purchase agreement with Petronet LNG Ltd. Contracted LNG volumes from Qatar will be delivered ex-ship to terminals across India onboard QatarEnergy’s LNG fleet starting May 2028. (Oil & Gas, 7 February 2024)

• The Nigerian National Petroleum Co. Ltd. (NNPC) has held talks with a South Korean consortium toward a potential agreement for the export of Nigerian liquefied natural gas (LNG) to the East Asian country. (Rigzone, 5 February 2024)

• Grain LNG, a liquefied natural gas (LNG) terminal in the United Kingdom (UK) operated by National Grid, has signed a ten-year supply agreement extending the long-term storage and redelivery capacity of Algeria’s Sonatrach from January 2029. The agreement is for 125 gigawatt-hours per day, or three million metric tons per annum, of LNG import capacity, stemming from Grain LNG’s auction process launched in September 2023. (Rigzone, 1 February 2024)

• Excelerate Energy, Inc. and QatarEnergy have signed a long-term liquefied natural gas (LNG) sale and purchase agreement for the supply of the commodity from Qatar to Bangladesh. Under the agreement, Excelerate will purchase up to one million metric tons per annum, (mtpa) of LNG from QatarEnergy on a delivered ex-ship basis in Bangladesh for 15 years, beginning January 2026. Further, Exelerate will purchase 0.85 mtpa of LNG in 2026 and 2027 and on mtpa from 2028 to 2024. (Rigzone, 30 January 2024)

• Global gas industry in the 2050 net zero world: Gas has a key role to play in the energy transition, but only if it can decarbonise. (Wood Mackenzie, 30 January 2024)

• Europe’s demand for gas is driving $223 billion in new investment to produce the fuel globally during the next decade, according to a new study that casts a spotlight on the region’s broad carbon footprint even as it tries to rein in emissions. Two US liquefied natural gas companies — Venture Global LNG Inc. and Cheniere Energy Inc. — are set to lead spending on new developments going forward, climate activist group Global Witness said in its report, which analyzes data from Rystad Energy. Industry heavyweights TotalEnergies SE and Equinor ASA are also high on the list. (Rigzone, 29 January 2024)

• The US is poised to meet growing demand for LNG in coming years, despite an anticipated near doubling of demand from China as that country works to lower greenhouse gas emissions, China, Southeast Asia, and Northeast Asia—will each require more than 100-million tonnes/year (tpy) of LNG through 2040. (Oil & Gas Journal, 26 January 2024)

• Ksi Lisims LNG Limited Partnership, a co-development of the Nisga’a Nation, Rockies LNG Limited Partnership, and Western LNG LLC, announced that Ksi Lisims LNG and Shell Eastern Trading Pte Ltd have signed a 20-year LNG sale and purchase agreement. Under the SPA, Shell will purchase 2 million tonnes of LNG per year from the Ksi Lisims LNG project on a free-on-board basis. This is the first LNG offtake agreement executed by Ksi Lisims LNG. (World Oil, 8 January 2024).

• Vitol Asia Pte Ltd has signed a long-term deal to supply GAIL (India) Limited with approximately one million metric tons of LNG per annum for 10 years beginning in 2026. (Rigzone, 8 January 2024).

• China has regained title of world’s biggest buyer of liquified natural gas, as a further rebound in deliveries threatens to tighten supply of the heating and power plant fuel. LNG shipments to China rose 12 percent last year to nearly 71 million tons, according to ship-tracking data compiled by Bloomberg. (Rigzone, 4 January 2024).

Q4 2023 Activities and Opportunities

• Russia’s biggest LNG producer began production at its Arctic LNG 2 project - despite U.S. sanctions - in a move that could provide some relief to the tight global market for the fuel. The first train of the Novatek PJSC-led Arctic LNG 2 project “has actually started operating", Russia’s Deputy Prime Minister Alexander Novak said in an interview with state-run Rossiya 24 TV channel. (Rigzone, 28 December 2023).

• Abu Dhabi National Oil Co. (ADNOC) has signed a preliminary agreement to supply a Singapore LNG distributor at least one million tons per annum for 15 years. Most of the LNG for ENN LNG Pte Ltd would come from the yet-to-be-constructed Ruwais LNG production project in Abu Dhabi, state owned ADNOC said in a recent press release, noting this is the first long-term heads of agreement for the project. (Rigzone, 26 December 2023).

• Equinor has agreed to supply Germany’s state-owned integrated midstream energy company SEFE GmbH (Securing Energy for Europe) with 10 billion cum/year (bcmy) of natural gas from the Norwegian continental shelf beginning Jan. 1, 2024, until 2034, the equivalent of one-third of German industrial demand. The agreement includes an option for an additional 5 years, at terms reflecting market prices, the operator said in a release Dec. 19. The five-year option is for 29 bcm over the period. (Oil & Gas Journal, 20 December 2023).

• Mexico Pacific Ltd has agreed to supply 1.3 million tonnes/year (tpy) of LNG, equivalent to about 18 cargoes/year, to Woodside for 20 years. With the agreement, Woodside adds a new source of LNG into its trading portfolio, complementing Woodside’s produced LNG supply, and allowing greater scale and portfolio flexibility, Woodside’s chief executive officer Meg O’Neill said in a December 56 release. (Oil & Gas Journal, 6 December 2023).

• The US Energy Information Administration (EIA) expects North America’s LNG export capacity to more than double to 24.3 Bcfd by end-2027 from its current 11.4 Bcfd. (Oil & Gas Journal, 14 November 2023).

• Excelerate Energy inc. has signed a sale and purchase agreement Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to supply LNG for 15 years beginning in January 2026. Excelerate will deliver 0.85 million metric tons of LNG per annum in 2026 and 2027, and 1 million metric tons per annum thereafter. (Rigzone, 10 November 2023).

• QatarEnergy has signed another 27-year off-take deal with China Petrochemical Corp. (Sinopec) for 3 million metric tons per annum of LNG from the two North Field expansion projects. (Rigzone, 7 November 2023).

• TotalEnergies has signed an amendment to extend its partnership with Oman LNG, an Omani liquefied natural gas (LNG) joint venture in which the company holds a 5.54 per cent stake. Located on the northeast coast of Oman, the Oman LNG liquefaction complex comprises two liquefaction trains, each with a capacity of 3.8 million tonnes of LNG per year (Mtpa). (Petroleum Australia, 6 November 2024)

• Chesapeake Energy Marketing LLC has entered into a heads of agreement with Vito Inc. to supply up to 1 million metric tons of LNG per annum with the purchase price indexed to the Japan Korea Marker for 15 years, beginning in 2028. (Rigzone, 2 November 2023).

• Cheniere Energy’s 20-year sale and purchase agreement with China’s Foran Energy is the first contract expected to support a second train at the Cheniere’s Sabine Pass expansion project. Under the agreement, Foran agreed to purchase approximately 0.9 million tonnes per annum of LNG for 20 years from Cheniere Marketing. (Hart Energy, 2 November 2023).

• Eni has signed a three-year deal with Merakes LNG to boost Eni’s LNG portfolio with a further 0.8 million cubic metres (28.2 Bcf). (Rigzone, 31 October 2023).

• ADNOC Gas plc has closed a multiyear LNG supply agreement valued at $500-700 million, with Japan’s JERA Global Markets, a trading subsidiary of JERA Co., Inc. (Rigzone, 19 October 2023).

• Global demand for LNG is likely to prove stronger than expected and the current pipeline of projects won’t be enough to keep up, according to Kenichi Hori, president of Mitsui & Co., one of Japan’s top LNG traders. (Rigzone, 17 October 2023).

• Affiliates of QatarEnergy and TotalEnergies SE have signed two long-term LNG sale and purchase agreements for the supply of up to 3.5 Mtpa of LNG to France. Deliveries are expected to start in 2026 for a term of 27 years. (Rigzone, 12 October 2023).

• QatarEnergy has officially started construction of the North Field expansion project which will increase Qatar’s LNG production capacity from 77 Mtpa to 126 Mtpa. (Rigzone, 4 October 2023).

Q3 2023 Activities and Opportunities

• Global natural gas and LNG storage capacity in import markets is expected to expand by 10%, or 45 billion cu m (bcm), during the 2023-2028 period, largely supported by projects in China, Europe,and Eurasia, the International Energy Agency (IEA) said in its latest Quarterly Gas Market Report. (Oil & Gas Journal, 30 August 2023).

• On 18 July 2023 ADNOC announced it had entered into a deal with state-owned Indian Oil Corp. Ltd. (IOCL) for the supply of up to 1.2 million metric tons LNG to India. The agreement is valued in the range of $7-9 billion and is for a 14-year term. (Rigzone, 21 August 2023).

• On 17 August 2023 ADNOC announced it had signed a five-year agreement with Japan Petroleum Exploration Co. Ltd (JAPEX) for the supply of liquefied natural gas (LNG). ADNOC said the deal is worth $450-500 million, but did not specify the contracted volume. (Rigzone, 21 August 2023).

• In the past few weeks, US LNG exporter Cheniere signed a 15-year deal to supply Norway’s Equinor, and a contract for more than 20 years with China’s ENN. In addition, rival Venture Global LNG inked a 20-year deal with Germany’s Securing Energy for Europe (SEFE), while France’s TotalEnergies bought a $US219 million ($328 million) stake in a Texas terminal to transport LNG, which is being developed by Houston-based energy group NextDecade. On Asia, Anatoly Feygin, the chief commercial officer of US LNG exporter Cheniere, said the economic growth and the ‘‘energy evolution’’ of the region would ‘‘underpin decades of growth in LNG demand driving the need for substantial investment in new liquefaction capacity’’. (Australian Financial Review, 5 July 2023).

Q2 2023 Activities and Opportunities

• On 1 May 2023 ADNOC announced it had entered into a three-year deal to supply LNG to TotalEnergies SE from 2023. The agreement, with TotalEnergies Gas and Power Ltd. is worth $1-2 billion. (Rigzone, 21 August 2023).

• China National Petroleum Corporation (CNPC) and QatarEnergy signed a 27-year agreement, under which China will purchase 4 million metric tons of liquefied natural gas (LNG) a year from QatarEnergy including an equity stake. (Reuters, 20 June 2023).

• Two liquefied natural gas (LNG) projects have wrapped up construction in the Philippines, opening up importation to meet growing energy demand in Southeast Asia’s second most populous country. (Rigzone, 5 June 2023)

• QatarEnergy’s LNG trading arm, QatarEnergy Trading, entered into a 15-year deal to supply Bangladesh Oil, Gas and Mineral Corp. (Petrobangla) with a 1.8 million tonnes/year (tpy) of LNG, starting in 2026. Qatar currently delivers more than 3.5 million tpy of LNG to Bangladesh. (Oil & Gas Journal, 1 June 2023).