LNG

Asian economies take advantage of falling LNG prices by switching from gas- to coal-fired generation. “Around 30% of the 380 billion cubic metres (bcm) of gas demand growth has come from coal-to-gas switching since 2010, and virtually all of this happened in China," the International Energy Agency (IEA) finds.

The UK government is rescinding its $1.15 billion financial backing for the Mozambique LNG project, citing increased risks, while the Netherlands withdrew $1.1 billion in insurance support. The decisions deal a blow to TotalEnergies efforts to restart construction on the $20 billion project.

JERA is taking action to stabilise electricity supply during the heavy-load winter season between December and March. One LNG cargo per month will be imported as 'strategic buffer' and Taketoyo plant will be powered by coal, not biomass, as a “provisional measure.”

LNG exports from the United States are set to reach a record 10.7 mt in November, solidifying the country's lead over rivals Qatar and Australia. This marks a 40% jump in US exports, according to Kpler data, amid record loadings and a strong pull from European and Asian buyers stockpiling for winter.

LNG remains central to Britain’s energy security though the nation’s gas system faces an “emerging risk” to supply, the National Energy System Operator (NESO) warns. Imported LNG helps cushion the network during winter peaks, but NESO’s latest Gas Security of Supply Assessment urges the government to prepare for potential disruptions.

Osaka Gas seeks to expand its oversees LNG business via US upstream and power plant investments through subsidiary Sabine Oil&Gas, with Texas shale gas production expected to reach 3.8 mt LNG-equivalent this fiscal year.

Global climate finance commitments remain stuck at $100 billion annually – far below the $300 billion target. The widening finance gap and slow coordination on carbon policy translate into a growing role of LNG in Asia’s energy mix, particularly in emerging markets.

Singapore-based BW LNG has placed an order for two new LNG carriers with South Korea’s Hyundai Samho shipyard. Each carrier will have a capacity of 174,000 cubic meters, with delivery targeted for 2028.

ExxonMobil has withdrawn the force majeure clause on its Rovuma LNG project in Mozambique, targeting a financial investment decision (FID) in early 2026. Situated in Cabo Delgado, the project will consist of two Train with a combined liquefaction capacity of 18 mtpa.

Woodside Energy and the East Timor government have agreed to use feedgas from the Greater Sunrise field for a proposed greenfield LNG terminal. Start-up is targeted as early as 2032 to 2035, subject to concept selection and investment decisions.