ICE to list two trading points at Trinity Gas Storage
Intercontinental Exchange (ICE) will launch two new trading points at Trinity Gas Storage’s Bethel facility in East Texas on October 1. Direct transactions in and out of the 24 Bcf gas storage facility will sharpen price transparency in one of the fastest-growing corridors for US LNG exports.
Russia eyes for Sakhalin-3 start in 2028, undercuts China’s LNG costs
Russia’s energy giant Gazprom is expected to start producing gas at the Sakhalin-3 offshore project in 2028, with supplies to China via a new Far Eastern pipeline set to undercut the cost of LNG imports, according to Russian officials and industry data.
US lowers auto tariffs, makes EU buy more LNG in return
The Trump administration has started to implement a landmark trade deal by lowering auto tariffs to 15% – now the onus is on the EU to purchase $750 billion in US LNG, oil, and nuclear energy products by 2028. Additional long-term deliveries of US LNG will help the EU bring forward its ban on Russian LNG imports to January 2027.
Financing split emerges in US LNG boom
Equity investors in US LNG projects are vary of margins squeezed by higher US gas prices vs lower global spot prices. Debt finance is still forthcoming supported by the Trump administrations overtly pro-gas policies, Wood Mackenzie finds.
First gas at BW Opal FPSO puts Santos on track with Darwin LNG
First gas received at Santos’ BW Opal floating production storage and offloading (FPSO) vessel puts the Australian major on track with the Darwin LNG project, CEO Kevin Gallagher said. Situated off Darwin, Northern Territories, the FSPO receives gas from the Barossa gas wells.
Collapse of China’s LNG offtakes puts markets in disarray
China’s LNG demand collapse – along with strategic stockpiling of oil – have put trade flows and price dynamics in disarray. Imports plunged 20% in the first half of 2025, making Asian spot LNG prices fall from a peak of $16.50 per MMBtu in February to currently around $11.34 per MMBtu.
Santos shaken as Abu Dhabi’s XRG walks from $30bn deal
Santos has been jolted by a setback as Abu-Dhabi’s state-backed XRG walked away from $30 billion tie-up. The breakdown shatters Santos’ expectations to secure capital for expansion projects in Australia and Papua New Guinea.
EU pays dearly as LNG replaces 9% drop in pipeline gas
The EU is paying a premium price for LNG as pipeline gas imports fell 9% in the first half of this year. LNG imports cost around 26.9 billion Euros over the same period, with 13.7 billion Euros of that paid for US cargoes.
Markets bearish as more Russian LNG tankers head to China
Traded LNG markets are hedged between two risks – winter weather and further shipments from Russia’s sanctioned Arctic LNG 2. Six more vessels are headed to China with estimated arrivals between now and early October, Energy Aspect understands.
Soaring construction costs jeopardise US gas power projects
The price of building gas-fired power plants in the US has risen to $2,200–$2,500 per kilowatt of capacity, raising doubt about projects economics and freeing up more feedgas for LNG exports. At the Energy Finance Conference in San Diego, panellists warned that building a modern combined-cycle gas power plant now requires hundreds of millions in upfront investment – notably $25 million deposits to secure key equipment.
