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ADNOC Logistics & Services has placed an order for four LNG carriers at China’s Jiangnan Shipyard in a deal valued at around US$900 million. Each of the newbuild vessels will have a capacity of 175 000 cubic meters and is scheduled for delivery in 2029.
The arbitrage for flexible US LNG cargoes heading to Asia is open with spreads between the Japan Korea Marker (JKM) and the Dutch TTF widening, as the tepid recovery of Qatari and UAE LNG exports is unlikely to outpace rebounding Asian demand.
Lithuania’s Ignitis has booked an additional 2 terawatt-hours (TWh) of annual regasification capacity at the Klaipėda LNG terminal between 2033 and 2044 on the secondary market as Baltic gas demand stays high.
Chevron has agreed to supply 46 petajoules of pipeline gas to Alinta Energy from July 1, 2027, drawing its equity interests in the Gorgon, Wheatstone and North West Shelf LNG projects. The accord covers pipeline gas, not LNG export cargoes, as the competition between local supply obligation and LNG exports intensifies.
Falling fertility rates and an early peak in global population are set to reshape LNG demand, reinforcing its role in power generation while capping broader growth in gas consumption. Global population could peak at around 8.9 billion by 2053, earlier and lower than previously forecast, as fertility rates decline from 2.6 births per woman in 2007 to around 2.2 today, according to Wood Mackenzie. China’s population is already 9.6 million below the UN’s 2024 projection, underscoring the speed of demographic change.
TotalEnergies has shipped the first LNG cargo from ECA LNG Phase 1 in Mexico to Asia, marking a commissioning milestone for the 3.25 mtpa Pacific-facing terminal, feed with U.S. natural gas delivered by pipeline from Permian Basin.
Venture Global’s average liquefaction fee surged 69% in the second quarter to an average $6.45 per million British thermal units, up from $3.82/MMBtu in the first quarter, as higher LNG prices lifted returns on commissioning cargoes and short-term sales, the company said in a regulatory filing.
Premiums are being paid to secure scarce LNG carrier yard slots as shipyards in South Korea and China struggle to keep up with surging demand for newbuild vessels, according to market sources. Deferrals of 17 LNG carriers linked to the Mozambique LNG project, freed up sought-after slots at Samsung Heavy Industries and HD Hyundai Samho.
Limited shipbuilding capacity in South Korea and China could slow down a record expansion of global LNG supply. One of the industry’s dependencies – the ability to physically move gas – rests on a supply chain it cannot control and cannot quickly replicate, Ikram Elloumi, director of research at Wood Mackenzie warns.
UTM Offshore is forging ahead with Nigeria’s first floating LNG project after securing a 15-year gas supply agreement that removes one of the biggest obstacles to reaching final investment decision (FID), now expected in Q4-2026.
