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Friday, 20 June 2025
The liquefaction process at massive LNG Canada terminal in Kitimat will start over the weekend. A tanker is on route to collect the first cargo from the plant which will initially operate at 25% capacity.
Friday, 20 June 2025
Argentina's Vaca Muerta shale play has achieved significant first-quarter gains, with oil output rising 26% and gas production up 16% yoy, underpinning the Southern Energy LNG project. Financial close on MK II – one of two FLNG vessels supplied by Golar – is slated for Q3-2025.
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Friday, 20 June 2025
Sempra Infrastructure has resumed construction on the plant’s 13 mtpa Phase 1 foundations, after works were halted a fortnight ago due to a scaffolding collapse. Still, targeted FID on Porth Arthur LNG Phase 2 in the third quarter of 2025 remains in place.
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Friday, 20 June 2025
JERA global chair & CEO Yukio Kani has pointed out the fragility of Japan’s LNG import system at an industry event in Tokyo Bay, where inventory covers just 10 days. “Any disruption could be critical, diversification is not optional,” he said, adding JERA secured 5.5 million tons of US LNG…
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Thursday, 19 June 2025
Federal Energy Regulatory Commission’s (FERC) final order for Commonwealth LNG is affirming the authorisation of its 9.5 mpta LNG export terminal to be built along Calcasieu Ship Channel near Cameron, Louisiana. With FERC’s final order in place the $11 billion project can now go ahead.
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Thursday, 19 June 2025
PetroChina’s trading division strives to enhance the flexibility of its LNG portfolio by adding US LNG, which comes without destination clauses. This offers room for re-sale, compared to deliveries under long-term countries from countries like Qatar.
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Thursday, 19 June 2025
Developers plan to add 18.7 gigawatts of combined-cycle capacity to the US power grid by 2028, with 4.3 GW under construction. In contrast, an 98 MW unit at Plaquemines LNG terminal was the only gas power unit to come online last year.
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Wednesday, 18 June 2025
Fitch Ratings has revising down EBITDA margins for global corporates to below 18%, down 0.5pp from forecasts in early 2025. For the oil & gas sector, Fitch changed its outlook from ‘neutral’ to ‘deteriorating’ after the rating agency already cut its global GDP growth projections in April due to the…
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Wednesday, 18 June 2025
Gaztransport & Technigaz (GTT) of France has been hired by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to design the tank for a new LNG carrier, built on behalf of Purus. Hyundai Samho Heavy Industries (HSHI) is assembling the vessel, due for delivery in Q4-2027.
Wednesday, 18 June 2025
Malaysian state energy company Petronas and Japan’s leading LNG importer and power producer JERA have signed a memorandum of understanding (MoU) to provide “reliable LNG supply for Japan.” The accord was signed during the Energy Asia 2025 conference.
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