Sanctioned tanker docks at Russia’s Arctic LNG 2 terminal
Another U.S.-sanctioned LNG tanker has docked at the Arctic LNG 2 facility, Reuters reported, referring to Kpler ship-tracking data. Novatek seemingly resumed liquefaction and export from the terminal in the Russian High North.
NFE withholds LNG shipments to Puerto Rico in tactical move
New Fortress Energy (NFE) is withholding shipments to Puerto Rico over disputed payment terms. The withheld cargoes undermine the island’s ability to meet electricity demand, raising the risk of blackouts during the peak summer season.
Adriatic LNG delivers nearly half of Italy’s LNG imports in H1-2025
Volumes regasified and delivered by Adriatic LNG terminal reached a record 44% of Italy’s LNG imports in the first half of this year, amounting to about 10.3 billion cubic meters (bcm) – a 35% rise compared to the pre-year period. Adriatic LNG is Italy’s third most important gas entry point after pipelines from Algeria and Azerbaijan.
Middle East LNG export ambitions require over $50 billion in CAPEX
By 2028, the Middle East envisages to add 60 mtpa of new LNG export capacity and developments will require more than $50 billion in capital spending, Rystad Energy forecasts. Qatar will lead the expansion with 48 mtpa alone through its North Field East and North Field South projects, the UAE will contribute 10 mtpa from the Ruwais LNG project, and TotalEnergies is developing the Marsa LNG project with a capacity of 1 mtpa in Oman.
Philippine’s LNG imports to jump more than 500% by 2029
LNG imports to the Philippines are forecast to jump 508% through to 2029, spurred by the fast-depleting Malampaya field which forces gas power plant operators to source fuel from abroad. Projections from the Philippine Energy Plan (PEP) show the transition to LNG could cost $3.9 billion (PHP218 bn) over the next four years.
Brent’s flirt with contango could make OPEC+ cut supply
If the Brent crude oil market begins to “flirt with contango,” OPEC+ will likely cut production, Rystad reckons. The primary goal of oil and gas producers remains maintaining a backwardated market structure, with crude prices impacting oil-indexed gas and LNG contracts.
Arctic LNG 2 is testing the waters, one carrier loaded
Novatek’s Arctic LNG 2 project is back with the apparent restart of a 9 bcm/y liquefaction train. The carrier Iris reportedly departed from the terminal, direction Murmansk. Analysts doubt Novatek has found a buyer for its sanctioned product.
Taiwan’s coal-to-LNG fuel switch gathers speed
Start-up of the first repowered block of Taipower’s Hsinta plant is accelerating Taiwan’s switch from coal to LNG-fuelled power generation. The Government is actively promoting new nuclear and LNG in an effort to decarbonise.
ST LNG develops first large-scale US FLNG export terminal off Texas
ST LNG, led by the U.S. entrepreneur Sharad Tak and Alap Shah, New Fortress Energy’s former head of FLNG, has announced plans to develop a floating LNG export facility with a capacity of up to 8.4 mtpa offshore Matagorda, Texas. The modular project is designed to process and export LNG directly from offshore platforms starting from 2026.
Bangladesh tenders for two more spot LNG cargoes by August
Bangladesh’s state-run gas company RPGCL has issued a tender to buy two further spot LNG cargoes by mid-August. Bid submission deadline is on July 7.
