LNG

Italy’s Adriatic LNG terminal has launched the accreditation phase for Open Season 2025. Eligible bidders can acquire slots for medium to long-term regas capacity in the period between January 2029 and December 2050.

Commonwealth LNG is progressing towards a final investment decision (FID) following final approval from the US Department of Energy (DOE) to export up to 1.21 Bcf/d of LNG to non-free trade agreement (FTA) countries. With all permits now in hand, Kimmeridge is gearing up for an FID in Q3-2025.

The tanker ‘Arctic Mullan’, carrying LNG from Russia’s Arctic LNG 2 terminal, has berthed at Beihai regas terminal in China’s Guangxi province. If unloaded, it would be the first Western-sanctioned LNG cargo ever received abroad.

Chinese buyers return to the spot market amid a stark drop in prices. Beijing Gas and Zhejiang Energy reportedly procured LNG cargoes at around $10/MMBtu this August for autumn arrival.

Expand Energy, the largest gas producer in Haynesville Shale, is poised to cash in from the basin’s proximity to expanding LNG terminals. “Within a 300-mile radius of our Haynesville assets, there are more than 12 bcf/d of LNG demand under construction to be in service by 2030,” Nick Dell’Osso, CEO of Expand Energy told analysts.

Trafigura has agreed to supply 1.5 mtpa of LNG to Korea Gas Corp (KOGAS) over ten years, beginning in 2026. Deliveries will include cargoes sourced from Cheniere Energy.

Securing project finance and offtake commitments are at the core of an in-principle agreement (AiP), signed between Cong Thanh Thermal Power JSC, Korea’s Doosan Enerbility and the PECC2 construction group for the 4,500 MW Cong Thanh LNG-to-power project. Phase 1 entails a 1.5 GW plant, to be scaled by to 3 GW at a later stage.

PetroVietnam has begun construction of the VND27.7 trillion ($1.05 billion) O Mon IV power plant in the Mekong Delta. LNG imports – through terminals in Thi Vai and potentially Son My – could serve as backup feedstock to ensure project timelines for the 1.1 GW plant, given that domestic fuel supply from Block B is delayed.

Shell Australia adamantly opposes policies forcing LNG exporters to reserve more gas for the domestic market. Redistributing exiting supply is no solution, Shell Australia’s Cecile Wake says, so “let’s make the pie bigger.”

T&T Group of Vietnam is tackling legal hurdles to get the Hai Lang LNG-to-power project built and commissioned by mid-2029. With revised capital costs of more than $2.3 billion, the project counts on backing from the Korean trio Hanwha Energy, KOGAS and KOSPO.