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Transits of crude oil and LNG tankers through the Strait of Hormuz have slowed sharply over the weekend as shipowners and operators reacted to latest attacks on tankers and stalled U.S.-Iran talks.
Argentina’s state-controlled YPF, together with partners Eni and XRG, has submitted an application to enrol the Argentina LNG project in the country’s Large Investment Incentive Regime (RIGI). The $51 billion project will export liquefied natural gas from the Vaca Muerta shale formation, with operations targeted to begin in 2031.
A second Russian-build ice-class LNG carrier, the Konstantin Posiet, is heading to Asia via the Northern Sea Route, underscoring Moscow’s push to sustain Arctic LNG exports despite Western sanctions.
QatarEnergies is loading the most LNG in a month with the 10-day moving average for LNG loadings from the giant Ras Laffan complex reaching around 80,000 tons in preparation for a potential reopening of the Strait of Hormuz, according to ship-tracking data compiled by Bloomberg.
Friday, 14 August 2026
FLNG owner and operator, Golar LNG has revealed several new projects as part of its fleet expansion programme.
India’s largest LNG importer, state-owned Petronet was still awaiting clarity from QatarEnergy regarding the delivery of September LNG cargoes, as traffic through the Strait of Hormuz remained disrupted, Managing Director & CEO Akshay Kumar Singh said during an earnings’ presentation.
South Korea’s Daewoo E&C has been chosen by French energy giant, TotalEnergies, the representative owner of the Papua New Guinea LNG project (PLNG), as the preferred bidder for the EPC of the ‘Papua CPF and Wellpads EPSCC’ project.
Japan’s shipping giant Mitsui OSK Lines (MOL) has confirmed the completion of a six-vessel 174,000 cu m LNGC newbuilding programme for China National Offshore Oil Corp (CNOOC)
South Korean private equity firm, Hahn & Company is restructuring its two shipping companies to create a large standalone gas carrier concern.
Nigeria is attempting to revive its offshore investment by offering new tax incentives designed to unlock up to $50 bill in delayed oil and gas projects.