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Arctic LNG 2 is expanding its tanker fleet to re-route exports to Asia ahead of the EU’s planned 2027 ban on Russian LNG imports. The Novatek-led project is estimated to need up to 40 additional LNG carriers to sustain Arctic LNG 2’s targeted export volumes beyond 2026.
Argentina’s Vaca Muerta shale is drawing investor interest to a 15-block licensing round for blocks suited for LNG feedgas development. The bidding round comes as LNG buyers reassess their portfolio exposure to supplies chains build around the Strait of Hormuz. Disruption or perceived risk to future LNG exports from Qatar and the UAE have increased interest in Atlantic Basin alternatives.
Cloak and dagger stuff. Iranian Foreign Minister, Abbas Araghchi has threatened action over the UAE’s “collusion” with Israel after Benjamin Netanyahu claimed he secretly visited the Emirates.
Abu Dhabi’s ADNOC Gas has claimed significant progress in restoring operations at the Habshan gas processing complex, one of the world’s largest gas processing sites.
European countries will import 80% of their LNG supplies from the US by 2028, a report from the Institute for Energy Economics and Financial Analysis (IEEFA) predicted.
India is reportedly fast-tracking plans to secure uninterrupted gas supplies from the Gulf through a direct deepsea pipeline.
Oslo-based LNGC owner, Awilco LNG has suffered a net loss of $6.4 mill and loss per share of $0.05 in the first quarter of 2026, down from $4.4 mill and of $0.03, respectively, in the previous quarter.
Shell has won a tender to deliver one LNG cargo to Turkey on behalf of Bulgaria’s state-owned gas supplier Bulgargaz, in a move highlighting Sofia’s reliance on LNG to meet seasonal electricity demand.
Doing deals. Iraq and Pakistan have reportedly reached separate agreements with Iran to allow oil and LNG shipments through the Strait of Hormuz.
Oslo-based LNGC owner and operator, Flex LNG has reported vessel operating revenues of $80.5 mill for the first quarter 2026, compared to $87.5 mill for the previous quarter.
