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.
US LNG developer, Venture Global has signed two firm agreements with TotalEnergies and Vitol for the purchase of additional US LNG.
Papua New Guinea (PNG) LNG partners – notably Santos and ExxonMobil – have approved a final investment decision to tie in the Agogo production facility in a bid to bolster feedstock and sustain LNG exports to 2028, and beyond.
Malaysia’s Petronas has signed 20‑year time charter agreements with MISC Group for five newbuild LNG carriers, with deliveries due to begin in 2029 and continue into 2030.
Prospects that Donald Trump’s upcoming visit to Beijing could help reinstate direct US LNG imports to China are gaining traction, with LSEG data indicating that three carriers loaded in Louisiana could reach China within a month.
CPC Corp, Taiwan’s state-run LNG buyer, has redirected spot and short-term tenders to US producers like Cheniere or Venture Global to offset suspended Qatari supplies. Customs data show monthly imports reached 2.07 million tonnes in April, up 4.34% year-on-year, with the upward trend continuing.
Impasse. Crude oil prices rose again in early trading today, mainly due to hopes of a peace agreement being signed between the US and Iran fading into the distance.
Woodside Energy’s proposed Browse to North West Shelf (NWS) project represents a significant opportunity to strengthen Australia’s energy security, support the energy transition and deliver long-term economic benefits for Western Australia and the nation, a report has found.