Latest News (16490)
Children categories
China’s National Energy Administration (NEA) has urged state LNG buyers – CNOOC, CNPC, Sinopec and PetroChina – to stop LNG resales through the remainder of 2026 and into early 2027, as Beijing seeks to strengthen domestic gas availability during the winter heating season.
Europe’s power sector will cross the 80% zero-carbon generation threshold by 2030 but slower offshore wind deployment will keep gas-fired generation higher than previously forecast, creating a need for LNG imports. Natural gas generation across 35 European markets is expected to average 6% above Wood Mackenzie’s previous forecast between 2026 and 2040.
Shell – and its partners PETRONAS, PetroChina, Mitsubishi and KOGAS – have taken a final investment decision (FID) on the second phase of LNG Canada, approving a C$33 billion expansion that will double the British Columbia export terminal’s production capacity to 28 mtpa.
Tecnimont USA has signed a Front‑End Engineering Design (FEED) contract with Argent LNG for the developer’s 25 mtpa export facility at Port Fourchon, Louisiana. First cargo is targeted for 2030.
Italian utility Edison has confirmed that QatarEnergy will not deliver LNG cargoes to its Adriatic regasification terminal until the beginning of December 2026. The Qatari state company extended force majeure, saying it would not be able to deliver another six cargoes.
Zodiac Maritime has entered the LNG carrier market by ordering two firm 174,000 cu m vessels, plus options for two more, from South Korea’s Hanwha Ocean in a deal valued at 680 billion won (about $500 million). Delivery of the vessels is scheduled for November 2029.
Intercontinental Exchange (ICE) has launched new options on the Japan-Korea Marker (JKM) liquefied natural gas benchmark, LNG balance-of-month freight futures and UK base electricity options.
European gas prices rose nearly 2.5% on Monday after US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz, raising fears that disruptions to Middle East LNG shipments could persist into the winter. The Dutch TTF front-month Oct26 contract was last seen trading at €74.05 per Megawatt-hour, while the Brent contract for November delivery reached a daily high of $108.27 per barrel.
French major TotalEnergies on Monday confirmed its target to grow oil and gas production by around 3% a year through 2030, predominantly driven by LNG. Projects in Namibia, Nigeria, Libya, Malaysia, Mozambique and Papua New Guinea are meant to support the production plateau, while further growth of 2%-3% a year is planned between 2030 and 2035.
TotalEnergies, SOCAR and Abu Dhabi’s XRG have taken a final investment decision on the full development of Azerbaijan’s offshore Absheron field, securing up to 6 bcm/y of new Caspian gas from 2029. The additional volumes, destined mostly for Turkey via the TANAP pipeline, will help Ankara reduce reliance on spot LNG.
