IMF warns war-driven oil, LNG prices will keep inflation high
The International Monetary Fund (IMF) has warned that war-driven oil and LNG prices will keep global headline inflation high in 2027, adding to pressure on households, industry and public finances in energy import-dependent economies.
Europe faces high gas prices into 2027 on low stocks
European households and industries face at least another year of high gas prices as inventories sit nearly 15% below normal filling levels for October, leaving the EU dependent on scarce LNG cargoes and facing a costly refill campaign next summer.
Samsung Heavy Industries bags contract for two LNG carriers
Samsung Heavy Industries has secured an order worth 672.20 billion South Korean Won (US$504m) to two LNG carriers, which brings the company’s total order backlog to 46 commercial vessels and orders worth over US$8 billion this year.
New Zealand advances LNG tender, decision delayed post-election
New Zealand is continuing procurement for its planned $1-2 billion LNG import terminal – but the government will not decide whether to proceed with the project until after the general election, scheduled for November 7. Contracts need to be signed before year-end to get the terminal into operation by 2028 and help mitigate dry-year risk.
AMPO wins valves supply contract for ADNOC’s Ruwais LNG
AMPO Poyam Valves has been awarded a contract to supply 600 cryogenic ball valves for ADNOC’s Ruwais LNG project in Abu Dhabi. Engineering, procurement and construction works for the Ruwais LNG terminal is being carried out by Technip Energies, which leads the TJN Ruwais joint venture alongside JGC and NMDC Energy.
NYK to sell about $1.4bn of transition bonds
Japanese shipping group NYK has announced it will issue about $1.4 billion of transition bonds on 16 October to fund decarbonisation projects, including LNG-fuelled vessels. The sale comprises three-, five- and 10-year tranches of ¥62 billion (US$410 million), ¥87 billion and ¥78 billion, respectively. Proceeds are intended to support investments in decarbonisation, including LNG-fuelled shipping.
EU imports records 12.2 mtpa of Yamal LNG for €7.88 billion
European Union countries imported a record 12.18 million tonnes of LNG from Russia’s Yamal Arctic project in the first nine months of 2026, up 9.5% year on year, Kpler data shows. Urgewalt analysts estimate the EU’s spending on these Yamal cargoes reached €7.88 billion over the period, including €1.92 billion euros in the third quarter.
Freedom LNG seeks DOE approval for 6 mtpa Mexican project
Freedom LNG has filed an application with the U.S. Department of Energy (DOE), seeking 20-year authorisation to send up to 343 billion cubic feet per year (bcf/y) of U.S. natural gas by pipeline to Mexico and re-export up to 307 Bcf/y as LNG from its proposed Bravo LNG terminal in Mexico.
MISC accepts Petronas charter award for five more LNG carriers
Malaysian shipping group MISC has accepted a letter of award from Petronas for the charter of five additional LNG carriers, committing to a newbuilding programme at China’s Hudong-Zhonghua, with construction due to begin in 2027 and deliveries targeted for 2030.
Cove Point LNG prepares for restart
Berkshire Hathaway Energy is expected to restart its Cove Point LNG export plant in Maryland in the coming days after completing planned annual maintenance, according to a company notice to customers and energy traders. The company told customers it had completed most of the planned maintenance at Pleasant Valley Compressor Station as of October 6 and that restriction at Cove Point would be terminated, indicating LNG exports will resume in the coming days.
