DEPA wins Bulgargaz LNG tender, delivery to Turkey
Greek gas company DEPA has been awarded the tender for one LNG held by Bulgargaz. Delivery of the cargo will be to the Marmara Ereğlisi LNG terminal in Turkey.
Knutsen’s LNG charter backlog surpasses $15 billion
Norwegian shipping firm Knutsen seeks to defend its position in the LNG carrier market as activity heats up, with its charter backlog surpassing $15 billion across 68 operating vessels.
Woodside’s pricing for Louisiana LNG volumes backfires
Australia’s Woodside Energy is struggling to market volumes from its planned Louisiana LNG terminal, as its higher liquefaction fees put the 16.5 mtpa project at a disadvantage to US rivals.
Exports from LNG Canada set fresh record in April
Shipments from Canada’s LNG Canada plant surpassed 1 million metric tons in April, marking a new monthly record, according to LSEG data, as the $40‑billion facility is ramping toward its full design capacity. All cargoes set sail to Asia, mainly South Korea.
South Asia pivots to nuclear amid LNG supply crunch
Bangladesh and Pakistan are fast-tracking plans to expand nuclear power capacity as disruptions to contracted Qatari LNG deliveries and price spikes expose the risk of heavy reliance on imported gas.
Expand Energy more than doubles Delfin LNG offtake
Expand Energy has terminated its first-ever offtake agreement with Delphin LNG and replaced it with a larger contract that more than doubles volumes to 1.15 mtpa of LNG per year at Henry‑Hub‑linked pricing. Shipments will originate from Delfin FLNG Vessel 1, with targeted commercial start around 2031.
Japanese utilities skip earnings guidance amid LNG price spike
Numerous Japanese utilities have withheld full-year earnings guidance as the Middle East conflict drives up LNG costs and clouds fuel supply. Bloomberg reported that Asian LNG prices have surged 70%, exemplifying how exposed Japan’s power sector remains to the global gas market.
UAE’s exit from OPEC to reshape oil-linked LNG pricing
The United Arab Emirates’ decision to leave OPEC is ushering in a more volatile oil market, with implications for LNG pricing – particularly in Asia, where many contracts remain indexed to crude benchmarks.
EU power price held stable at €90/MWh despite LNG crunch
Though the Middle East conflict disrupted 80 mtpa of LNG exports, fuel diversification helped stabilise gas and power prices across Europe’s five major markets at over €90/MWh in March, while month-ahead gas prices peaked at $19/MMBtu in April.
BP doubles profit in the first quarter
BP posted strong first quarter 2026 results, with higher Gulf of Mexico output offsetting Middle East disruptions and a North Sea divestment. Adjusted net profit hit $3.2 billion, more than double the nearly $1.4 billion a year earlier, the London-based company announced today.
