Eskom agrees LNG offtake for Richards Bay power project
Eskom has entered an LNG supply agreement with Zululand Energy Terminal (ZET) to underpin its planned 3,000 MW gas-to-power project in Richards Bay, South Africa. The deal will make Eskom a “foundation customer” at the proposed regas terminal, which will offer open-access LNG imports.
US LNG cargoes diverted from China to Japan, Korea
Four LNG cargoes loaded from Sabine Pass LNG and Plaquemines LNG between 5 and 18 May initially signalled arrival in Tianjin, China. All four have since updated their declared destinations and are headed for South Korea and Japan instead.
ADNOC finalises LNGC order
ADNOC is preparing to sign orders for a new batch of LNG carriers at Chinese shipyards in the coming days, the head of ADNOC Logistic & Services, Abdulkareem Al Masabi said. Four to six 175,000-cubic-meter LNG carriers will be ordered to accelerate the company’s entry into the global gas trading market. The latest move follows an order for six LNGC’s worth more than $1.2 billion from China's Jiangnan Shipyard, with the first vessel delivered in April.
Petroleum dwarfs US LNG sales, though gas accelerates
Petroleum, not LNG, accounts for most of the United States’ energy trade, reaching a 31 quadrillion British thermal units (quads) in 2025, followed by gas exports with 9 quads, according to U.S. government data. Yet natural gas is the faster growing export, with sales quadrupling over the past decade.
NextDecade files for Rio Grande Train 6, gets Phase 1 extension
US federal regulators have granted NextDecade another three years to complete the first five trains at its Rio Grande LNG export project, extending the in-service-deadline to November 2031. NextDecade subsequently filed an application for train 6.
Venture Global, Thailand PTT near binding LNG deal
Venture Global and Thailand’s state-controlled energy giant PTT PCL are in advanced talks for binding LNG offtake, supposedly from the Plaquemines or CP2 export facilities in Louisiana. If finalized, the deal would help diversify Thailand’s LNG supply away from Middle Eastern sources.
Germany’s SEFE agrees to offtake Ksi Lisims LNG from Canada
German state gas importer SEFE has agreed to buy 1 mtpa of LNG from Canada’s planned Ksi Lisims liquefaction project in British Columbia, with deliveries set to begin in the early 2030s for a tenure of up to 20 years.
Downside risk to LNG supply emerges, Kpler warns
Tightening LNG balances in Europe, amid maintenance across Norway’s pipeline network and lower imports, have made Kpler analysts “slightly bullish” on benchmark TTF gas prices, while restocking in China and stronger Asian demand underpin global LNG markets.
Eni locks in 2 mtpa LNG offtake from Indonesia
Eni has secured about 2 million tonnes per annum (mtpa) of LNG from its South Hub and North Hub projects in Indonesia, supplied via the Bontang terminal in East Kalimantan. The additional supply will help Eni reach its target of more than 20 mtpa of contracted LNG supply by 2030.
MidOcean Energy secures TAEF investment in LNG capital rise
MidOcean Energy has secured an $120 million equity investment from The Arab Energy Fund (TAEF) as part of its ongoing capital raise, targeting up to $2 billion from new investors.
