ADNOC Gas has signed a 10-year LNG sales and purchase agreement with India’s Hindustan Petroleum Corporation Ltd (HPCL) – valued at between $2.5 billion and $3 billion – to export 0.5 mtpa of LNG from ADNOC’s Das Island terminal.
The European Union could source 75-80% of its LNG imports from the US, up from currently 57%, if the bloc honours all its offtake agreements and its gas demand reduction efforts falter. Analysts warn of an overreliance on US LNG, deemed “the most expensive LNG for EU buyers.”
Prices for fossil fuels and clean energy technologies are falling as overcapacity builds. “Oil prices have already come under pressure (…) and the same will soon be true in natural gas markets, as the wave of new LNG export projects start operations,” said Fatih Birol, executive director of the International…
The US aims to double its LNG export capacity in the coming years, with Türkiye among the countries set to benefit, according to US Energy Association (USEA) President, Mark Menezes.
Asian spot LNG prices rose last week on the back of a colder weather outlook, which resulted in demand returning, which lifted price levels to their highest levels in six weeks.
Glenfarne has asked the US Federal Energy Regulatory Commission (FERC) for an extension to the timeline of its proposed LNG export terminal.
A rebound in coal-burn is limiting China's power sector pull for LNG imports to 20 million tons, prompting Kpler analysts to revise down earlier projections of 35 Mt. Weather risk poses upside risk to coal-burn, with hotter summer forecast to add 50 Terawatt-hours (TWh) to China’s electricity demand.
A new wave of global LNG supply, particularly from the U.S. and Qatar, could reduce energy costs for European industry by up to €39 billion annually by 2032, with cumulative savings of around €180 billion, Wood Mackenzie forecasts.
Egypt imported a record volume of LNG in 2025, highlighting its growing energy needs as it faced a domestic gas production decline and less reliable supply from Israel.
EIG’s LNG developer, MidOcean Energy is negotiating to join Argentina LNG, according to sources talking with Bloomberg.