LNG

Britain has eased restrictions on Russian LNG shipping by issuing a temporary licence for cargoes from the Sakhalin-2 and Yamal terminals bound for third countries, as Whitehall responds to tighter gas markets and soaring energy prices. The carve-out runs until January 1, 2027, and only applies to contracts with a…

China is preparing to take a symbolic step by launching LNG futures denominated in yuan, rather than US Dollars. Such a listing would give Chinese buyers a domestic pricing and hedging tool at a time when energy markets remain highly exposed to geopolitical risk.

A consortium led by South Korea’s SK Innovation, Vietnam’s PV Power, and Japan’s NASU has broken ground on a $2.3 billion LNG-to-power project in Vietnam. The Quynh Lap project will have a power generation capacity of 1,500 MW, fuelled by imported LNG.

Strike threats at Inpex-operated Ichthys LNG terminal from May 27 leave Japan most vulnerable, given its heavy reliance on contracted Australian supply. Around 70% of the LNG from the 9.3 mtpa Ichthys facility in Darwin is sold to Japanese offtakers, notably JERA, Kansai Electric, Kyushu Electric, Osaka Gas, Toho Gas,…