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An US-Iran peace deal resolution is expected “very soon,” Pakistan’s foreign ministry says – which would hit future prices immediately – but physical LNG and oil flows, deliveries, and broader supply normalization would lag by weeks, Rystad Energy cautions.
Pakistan LNG’s emergency tender for spot cargoes is closing today as the state-owned importer seeks urgent deliveries to help meet seasonal peak power demand more than 4,500 MW. Delivery windows for the cargoes are offered for May 12-14 and May 24-26.
More mixed messaging. In another U-turn, US President Trump has announced he will pause his plan to escort ships through the Strait of Hormuz, citing “great progress” towards a deal to end the war.
The South Korean government is reportedly reviewing a project to build an LNG export terminal in Louisiana.
The South Korean Government's review of Frontier Resources, an affiliate of Indonesia's Sinar Mas Group, pursuit of Hyundai LNG Shipping, was said to be in its final stage.
Oil and gas producer Kosmos Energy said that its Mauritanian and Senegalese Greater Tortue Ahmeyim (GTA) Phase 1 production averaged around 17,000 barrels of oil equivalent per day net during the first quarter of this year.
Australian LNG exporters are falling short on meeting Asian demand due to a lack of capacity that partially stems from an uncertain investment environment. “The first question from buyers always is, can you do more?...
ExxonMobil has acknowledged damage to two LNG trains in Qatar was responsible for half of its 6% worldwide production outage, indicating the 3% Ras Laffan shortfall could linger on for up to five years, considering the repair timeline.
NextDecade is preparing for a 2027 final investment decision (FID) for Train 6 at its Rio Grande LNG project, as offtake interest already exceeds the facility’s planned capacity.
Claims and counter claims, as situation escalates. A South Korean ship operated by HMM, identified as the multipurpose cargo ship, ‘HMM Namu’, suffered an explosion in the Strait of Hormuz on Monday, the cause of which is thus far unknown.
