Peace plans rejected. In a positive development, having loaded at Ras Laffan, the LNGC, ‘Al Kharaitiyat’, transited the Strait of Hormuz bound for Port Qasim, Pakistan yesterday, the first of a planned series of shipments to ease the energy crisis affecting the country.
Asian spot LNG prices fell last week, after two weeks of gains, on the prospect of a US/Iran peace agreement and subdued northeast Asia demand.
Excelerate Energy has signed a firm nine-month timecharter with Jordan's National Electric Power Co to deploy the FSRU ’Excelerate Acadia’ at the country’s Aqaba LNG import terminal.
During the first quarter of 2026, the US’ largest LNG producer, Cheniere Energy generated revenues of around $5.9 bill, consolidated adjusted EBITDA of about $2.3 bill, distributable cash flow of around $1.7 bill, but reported a net loss of circa $3.5 bill.
Japan’s Tokyo Gas and Shizuoka Gas have signed a mid- to long-term contract under which, Tokyo Gas will supply five LNG cargoes annually to the smaller energy company, starting in 2027.
The Al Kharaitiyat LNG carrier, loaded at Qatar’s Ras Laffan terminal in early May, has left the Strait of Hormuz and is now en route to Pakistan, according to ship tracking data. Analysts reckon more cargoes may be able to get out.
Edison expects Qatari LNG supply will resume within 30-45 days after a peace deal, though initial deliveries would likely be just two-thirds of contracted supply, CEO Nicola Monti said.
Supermajors are redirecting capital towards LNG and other core oil & gas businesses, while retrenching from energy transition-related investment. Majors with large US LNG positions – notably Shell, BP and TotalEnergies – benefit from wider export margins and rising demand in 2026.
When is a ceasefire not a ceasefire? Asian stocks fell and oil prices rose early today, as the ceasefire with Iran was violated by missile and drone attacks on three US destroyers around the Strait of Hormuz that resulted in US retaliatory strikes on Iranian military facilities.
Europe’s Russian Arctic LNG imports from Yamal hit a record high in first four months of this year, according to new analysis of Kpler data undertaken by German NGO Urgewald.