LNG Canada boosts March exports to Asia, LSEG data shows
Shell-led LNG Canada has substantially ramped up production and exports to Asia. In the first 11 days of March, the plant loaded five cargoes with a sixth cargo getting ready to set sail today.
OECD Asia starts competing with Europe for LNG cargoes
OECD Asia is starting to compete with Europe for spot LNG cargoes while South Asia curtails whatever demand it cannot switch.“ Whoever has spare coal capacity is likely to fire that up, so we expect an increase in coal prices,” Kaushal Ramesh, Vice President, Gas & LNG Research, Rystad Energy told LNG Journal.
Clean energy, not LNG helps Asia hedge against energy shocks
US-Israeli air strikes against Iran has exposed Asia’s vulnerability to imported LNG and the lack of energy self-sufficiency through domestically generated clean energy. China, India, Japan and South Korea account for 75% of oil and 59% of LNG flows through the chokepoint.
Seatrium turns eight LNG carriers into FSRUs for Karpowership
Singapore’s Seatrium Ltd has secured a contract from Turkey’s Karpowership to convert eight LNG carriers into Floating Storage and Regasification Units (FSRUs), with work set to begin in the third quarter of 2026.
G7 discusses release of emergency oil reserves
The Group of Seven (G-7) is today discussing a joint release of oil from emergency reserves, coordinated by the International Energy Agency (IEA). The move comes as oil prices skyrocketed more than 25 percent today (March 9) amid fears of a prolonged halt in shipping through the Strait of Homuz, which could cause severe oil and LNG shortages and disrupt supply chains in Europe and Asia.
China urges Iran to ensure safe passage for Qatari LNG carriers
The Chinese government is urging Iran to ensure safe passage for Qatari LNG carriers and crude oil tankers through the Strait of Hormuz, as Beijing relies heavily on these imports. Shipments have dropped from an average 20 to 24 LNG tankers per day at the beginning of 2026 down to zero.
QatarEnergy puts 10 LNG carriers up for charter
QatarEnergies is offering 10 LNG carriers for lease in a bid to monetise idle shipping capacity, following the suspension of output at its 77 mtpa liquefaction facility. The 10 LNG carriers on offer for charter, include large Q‑Flex vessels and modern dual‑fuel ships.
Argentina moves from seasonal to multi-phase LNG exporter
Substantial upstream investment in Vaca Muerte shale is meant to help Argentina evolve from seasonal floating liquefaction to a multi-phase LNG exporter. To that end, state-controlled YPF plans to channel $3.3 billion into Vaca Muerta shale, with recent FIDs on two FLNG units in the Gulf of San Matías and associated infrastructure.
Vopak delays FID on South Africa LNG terminal to 2028
Dutch terminal operator Vopak has delayed its final investment decision (FID) on South Africa’s first LNG import facility until the first quarter of 2028. The decision follows a court order, halting state utility Eskom’s plans for a 3,000 MW LNG-fuelled power plant at Richards Bay.
SEFE secures Argentina’s first long-term LNG export deal
Securing Energy for Europe (SEFE) and Argentina’s Southern Energy have signed an 8-years sales and purchase agreement (SPA) for 2 mtpa of LNG, with deliveries starting in late 2027. The deal, totalling 16 mtpa over the contract term, marks Argentina’s first long-term LNG export contract.
