Latest News (16365)
Children categories
Japan’s JERA is stepping up its LNG-to-power strategy across Asia, offering term LNG shipments and project finance. For India’s Torrent Power, JERA will deliver four cargoes per year from 2027 to fuel 2,730 MW gas-fired powergen capacity along with some city-gas demand.
Qatar Gas Transport Company, better known as Nakilat, has kept first-half net profit broadly flat at 857 million Qatari Riyals, even as its Marine Services segment was “significantly affected” by the military conflict in the region.
State-owned Pakistan LNG has purchased a cargo for late July delivery at nearly $21.88 per million British thermal units on Monday, its highest price since 2022, Bloomberg reported. In August, Pakistan seeks to buy more cargoes.
An oil tanker in the Strait of Hormuz was hit by an unknown projectile, forcing the crew to abandon ship, according to United Kingdom Maritime Trade Operations agency (UKMTO). No LNG carriers or very large very large crude carriers (VLCCs) were seen passing through the strait this week so far, as shipowners take precautions.
India’s Hindustan Petroleum Corp is calling on LNG producers and traders to register interest in supplying spot cargoes and term deliveries. The state-run refiner is understood to look for 1mtpa of LNG under contracts stretching 10-15 years.
JERA Americas is advancing an LNG-fuelled power project on Hawaii, developed at a cost of $1.5 billion for the 500 MW plant plus around $500 million for offshore LNG import terminal.
Sanctioned Arctic LNG 2 has already despatched more LNG to China this year than in the whole of 2025. LNG Journal's own research shows 24 cargoes totalling 1.49 MMt sailed for China by 16 July on a sailed-date basis, against 17 cargoes and 1.05 MMt across all of last year, a total passed as early as 19 May.
Laden LNG transits through the Strait of Hormuz have dropped sharply, down from roughly 0.8 cargoes per day in late June to just 0.2 cargoes per day by July 15, as shipowners grow increasingly cautious after the attack on QatarEnergy LNG carrier Al Rekayyat. Only one LNG cargo is known to have transited the Strait of Hormuz in the past week, according to S&P Global Energy’s vessel-tracking data, while a growing number of LNG stored aboard tankers waiting inside the Persian Gulf for safer passage.
One US LNG cargo reached China on 16 July, the first in seventeen months, but it may never be imported. Our tracking shows the Al Fat'h diverted from Huizhou, an ordinary customs berth, to bonded Yangpu, where a cargo can wait, clear customs, or leave again with duty never falling due. Which of those happens is not yet knowable, and Beijing's tariff on US LNG still stands.
Greece has warned EU sanctions against the transhipment of Russian LNG to third countries could surrender market share to non-European rivals, as EU envoys postponed talks on the bloc’s 21st sanctions against Russia to July 23.
