LNG

Poland’s state-controlled TSO Gaz-System is considering adding a second floating storage and regasification unit (FSRU) to its planned LNG import terminal in Gdansk. The project is slated to start with 6.1 bcm per year of regas capacity and could be expanded by another 4.5 bcm to 10.6 bcm per year when it comes online, currently targeted for 2028.

Rising renewable capacity and cheaper batteries are weakening the investment case for LNG import terminals and gas-fired generation, with Ember signalling out China as the clearest example of that shift.

Trading and reselling Russian LNG will be forbidden for EU-based companies starting from 2027 – regardless if the Russian LNG is destined for the European Union or not, EU Energy Commissioner Dan Jorgensen specified.

GTT has received an order from China Chengda Engineering Co. to design three very large onshore LNG storage tanks for PipeChina’s Yuedong LNG terminal in Jieyang, Guangdong province.

Global oil and LNG shocks are likely to abate following a comprehensive US-Iran peace deal, but embedded inflation and second-round effects are just beginning, Fitch Rating warns. Global inflation likely peaked in the second quarter of 2026, analysts said, but knock-on effects from the initial jump in energy prices threaten to keep inflation elevated in several markets.

Southeast Asian nations have agreed deepen cooperation in renewable energy, natural gas and LNG, though fell short on specifying binding targets or projects. Analysts say ASEAN’s emphasis on LNG reflects both immediate energy security concerns and longer-term transition strategies.  Thailand, Vietnam and the Philippines, are increasing LNG import capacity to offset declining domestic gas production, reduce reliance on coal while transitioning to a lower-carbon energy system.

Exxon Mobil has signed a preliminary LNG supply agreement with Zululand Energy Terminal (ZET), South Africa’s planned first LNG import facility, as the US energy major seeks to grow its global LNG supply to more than 40 mtpa by 2030.

Australian unions have ceased all strike actions at Ichthys LNG onshore and offshore facilities, having reached a pay deal with Japan’s Inpex. The walkout began on June 2 and had forced Inpex to shut one of two liquefaction trains at its plant in Darwin this week.

Tehran will reopen the Strait of Hormuz immediately after the US and Iran signed a memorandum to end the conflict in Versailles late on June 17 – earlier than planned. Oil and gas prices fell sharply on the news, and LNG benchmarks trimmed the geopolitical risk premium that has buoyed them since the conflict intensified.

Japan’s JERA has received its first LNG cargo from Australia’s Barossa project, marking the start of contracted deliveries. Barossa has a nameplate capacity of about 3.4 mtpa, and JERA is entitled to lift roughly 425,000 tpy of LNG, reflecting its equity participation.