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Shell has reported adjusted earnings of $10.8 billion for Q2-2026, more than double the $3.6 billion posted a year earlier, as surging LNG and oil trading profits offset a sharp production decline caused by conflict-related disruptions in Qatar.
Woodside Energy has achieved first gas from its Scarborough reservoir offshore Western Australia, feeding the Pluto LNG terminal, with the first cargo from Train 2 targeted for export in the fourth quarter of 2026.
Petronas LNG has signed a head of agreement with Hokuriku Electric to negotiate the renewal of an LNG supply deal for up to 0.54 mtpa for a decade starting 2028. The HoA underscores Japan’s reliance on LNG for power generation.
Samsung Heavy Industries (SHI) and Conrad Shipyard have secured Approval in Principle (AIP) from the American Bureau of Shipping for the basic design of a US-built LNG bunkering barge.
German state-controlled utility Uniper has agreed to offtake 2 mtpa of destination-flexible LNG from Canada’s proposed Ksi Lisims terminal in British Columbia. First deliveries are expected from 2032.
Pakistan LNG Ltd reportedly accepted a lone bid from TotalEnergies on 20 July, at $21.88 per MMBtu for a cargo nominally delivering on 27 to 28 July. It was the seventh spot purchase since QatarEnergy declared force majeure on 4 March, and the fifth procured for a July delivery window.…
QatarEnergies has notified Edison that it is unable to deliver three LNG cargoes, extending force majeure until the end of September, the Italian utility stated. A total of 24 cargoes, representing a combined 3 bcm of natural gas, are now subject to force majeure over the April-September delivery window, with…
U.S. regulators have cleared Cheniere Energy to introduce feed gas into the “warm end” of Midscale Train 7 at the Corpus Christi Stage 3 LNG project as part of commissioning activities.
Optionality, not just molecules, is what LNG buyers are scrambling for as spare capacity shrinks and shipments from Qatar remain constraint. As sources for ‘safe’ supply become finite, each new shipping disruption has a greater impact on prices and procurement decisions, analysts warn.
Asyad Shipping has agreed to sell minority stakes in the companies that own its two newest carriers, Muscat LNG and Musandam LNG, to two Omani investors. The deal leaves Asyad with 80% of each vessel-owning company and brings domestic capital into the group’s gas-shipping platform.