LNG

Morocco is advancing plans for an LNG import terminal and integrated 1.2 GW gas power plant at the Nador West Med Port. At the heart of the hub is a FSRU, initially sized at around 0.5 bcm/year, currently under tender and expected to start operations in late 2026 or early 2027.

Kimmeridge-owned Commonwealth LNG has entered a long-term deal to supply 1 mtpa to Saudi Aramco, the world’s largest oil exporter, sources told Reuters. This latest SPA brings Kimmeridge one step closer to achieving 8 mtpa of upfront-contracted LNG sales, out of the terminal’s total nameplate capacity of 9.5 mtpa.

TotalEnergies EP Nigeria has agreed to sell its 10 percent stake in Renaissance JV licenses to Vaaris Marine but retains its economic ties to blocks supplying feedgas to Nigeria LNG export terminal. The move signals majors are still committed to Nigerian LNG cash flows.

Macro bullishness abounds in European LNG, gas and power markets after US President Trump threatened to levy 25 percent tariffs on anyone who keeps doing business with Iran. Markets overreacted, with one gas broker describing the “move up on spreads for September vs October as well as Q4 vs Q1 “completely panic driven.”

Nick Flores, CEO of the Coastal Bend LNG project, has highlighted the inclusion of carbon capture and storage (CCS) as a ‘central feature’ of the company’s proposed liquefaction terminal in Texas. CO2 emissions from the onsite power plant will be captured, moved by pipeline for sequestration and long-term underground storage.

The arbitrage for shipping US LNG cargoes to Northeast Asia has fallen to –$0.2/MMBtu, the lowest level since February 2025 – even though Atlantic freight rates have declined by more than $70,000 per day over the past month, a move that would typically bolster Asia-bound LNG shipping.

The Egyptian government has signed contracts worth more than $1.8 billion with Norway’s Scatec and China’s Sungrow in a bid to expand clean power generation and reduce LNG import dependency.

Commonwealth LNG, majority-owned by Kimmeridge, has received a 20-year regulatory permit to export LNG to countries without free trade agreements (non‑FTA) with the United States, adding to a 25-year FTA export permit. Both authorizations will become effective once the LNG terminal starts commercial operations, or within seven years of issuance.

Hanwha Ocean has secured an order worth 2.59 trillion won ($1.75 billion) to build seven LNG carriers for an undisclosed European shipowner. The South Korean shipbuilder said the order highlights continued demand from European owners as the region seeks to secure long-term LNG supply and modernise its shipping fleet.

Traders and LNG portfolio players are competing for regasification capacity to land LNG cargoes in Europe, though the European LNG arbitrage stayed closed for much of 2025. According to Platts data, the economics begin to reflect oversupply with the LNG-TTF price spread widening.