LNG

TotalEnergies Board has approved the first quarter 2026 financial statement.

Sempra's Energía Costa Azul (ECA) LNG terminal has received its first feedgas with a view to start LNG production this spring. The Pacific-facing terminal is targeting Asian markets, with offtake by TotalEnergies and Mitsui supporting Phase 1 project economics.

The United Arab Emirates’ decision to leave OPEC is ushering in a more volatile oil market, with implications for LNG pricing – particularly in Asia, where many contracts remain indexed to crude benchmarks.

Though the Middle East conflict disrupted 80 mtpa of LNG exports, fuel diversification helped stabilise gas and power prices across Europe’s five major markets at over €90/MWh in March, while month-ahead gas prices peaked at $19/MMBtu in April.