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Technip Energies’ latest full notice to proceed on Caturus’ 9.5 mtpa Commonwealth LNG export terminal marks another milestone for the U.S. Gulf Coast LNG buildout, even if the terminal is not expected to ship its first cargo before 2029.
Changing goalposts. Oil prices fell 2% in early Asian trading this morning after US President Trump said he had paused a planned attack on Iran to allow for negotiations to end the war.
Russia's LNG switch to Asia after the loss of the European market will hit its revenue, due to at least a doubling of logistical costs, industry sources and analysts told Reuters.
US-based LNG export developer, Argent LNG, is to supply LNG to Türkiye.
Glenfarne Group has signed a preliminary 30-year gas supply pact with ConocoPhillips, securing sufficient volumes for Phase 1 financial close on the Alaska LNG project.
Woodside is considering using its pre-emptive rights to veto Inpex’s farm-in to the Browse joint venture, as this move threatens to undermine feedgas supply for its North-West Shelf LNG export terminal. The deal is seen as a catalyst to shift Browse gas production away from the NWS LNG hub towards Inpex’s Ichthys LNG train in Darwin.
Iraq’s power sector remains vulnerable to fluctuations in Iranian gas supplies, prompting Baghdad to press ahead with plans to import LNG through the country’s first floating terminal, developed by Excelerate Energy.
China wants to buy more American oil and may lift its 25% tariff on US LNG imports as “energy is the one thing they really need,” President Donald Trump told Fox News. Beijing could unilaterally approve the resumption of US LNG imports, but the country has proven resilient to Qatari supply disruptions in the third month of the Middle East conflict.
Caturus has taken a final investment decision (FID) on its 9.5 mtpa Commonwealth LNG export project in Louisiana, supported by $9.75 billion in total financing and several long-term offtake agreements. Construction just begun, with first LNG targeted in late 2029 and full operations by 2030.
LNG Canada, the federal government, and British Columbia have agreed on a process to resolve the remaining “final items” needed to support a potential 2026 financial investment decision on the terminal’s Phase 2 expansion.
