LNG

Fitch Rating reckons utilities in Asia Pacific can only a absorb a “short-lived fuel-supply disruption” linked to the Iran conflict. KEPCO and KOGAS rely heavily on imported LNG, so sustained shortages persist will weigh heavy on utilities balance sheets, analysts warn.

OnCorp is accelerating pre-commissioning works at the Suape floating storage and regasification unit (FSRU) in Pernambuco, Brazil, targeting an operational startup by the end of March or early April 2026. The timeline hinges, however, on finalizing a 15-year gas supply agreement with the adjacent Termopernambuco power plant.

Substantial upstream investment in Vaca Muerte shale is meant to help Argentina evolve from seasonal floating liquefaction to a multi-phase LNG exporter. To that end, state-controlled YPF plans to channel $3.3 billion into Vaca Muerta shale, with recent FIDs on two FLNG units in the Gulf of San Matías and…

More of the same with attacks escalating across the region, which now includes the Eastern Mediterranean.