INPEX to offtake 1 mtpa from ADNOC’s Ruwais project
INPEX, Japan’s largest exploration and production company, has signed a 15-year sales and purchase agreement to offtake 1 mtpa of LNG from ADNOC Ruwais LNG project, further advancing commercialization of the UAE-based liquefaction project.
Shell raises outlook for LNG volumes, flags strong trading
Shell has raised its second-quarter guidance for integrated gas production and LNG liquefaction volumes, while flagging stronger trading performance, as heightened market volatility linked to Middle East tensions supports earnings.
Exxon seeks bidders for Rovuma LNG warranty services
ExxonMobil has invited bidders for marine warranty survey services for the first phase of its Rovuma LNG project in Mozambique, with expressions of interest due July 15 at 14:00 Maputo time.
Svanehøj lands LNG carrier-to-FSRU gauging order
Denmark-based Svanehøj has signed a contract with Drydocks World Dubai to supply LTD gauging systems for the conversion of the LNG carrier LNG Bayelsa into the floating storage unit (FSU) Cap Lopez. Drydocks World Dubai sees strong demand for such conversions amid rising global interest in floating LNG units for flexible gas supply in off-grid regions.
Cape routing held into June, most of it still at sea
The Shafallah loaded at Plaquemines in late June, booked for Świnoujście. It is now in the equatorial Atlantic off Brazil, steering south-east and declared for Incheon in South Korea. The Polish delivery has gone, and a cargo bought for northern Europe is now tracking east for Asia.
LNG feedgas ramp to US Gulf cools Henry Hub summer prices
Henry Hub cash and bal-summer price are set to soften as additional Texas-to-Louisiana pipeline capacity boosts LNG feedgas flows towards the US Gulf Coast, easing oversupply in Texas.
ADNOC sets up combined LNG sales and trading platform
Abu Dhabi National Oil Company (ADNOC) has launched a consolidated LNG marketing, sales and trading platform, targeting 47 mtpa of marketable LNG by 2035, including future volumes from the Ruwais LNG project.
LNG Canada at one year: equity resolves offtake, not a channel
LNG Canada passed a year of exports with feedgas near Phase 1 capacity. Across 106 loadings since the first sailing from LNG Canada since last June, South Korea took the largest single share, roughly one cargo in three, ahead of Japan at a quarter and China at just over a fifth.
India lifts emergency gas curbs as Hormuz LNG traffic resumes
India has lifted an order imposing restrictions on gas suppliers as LNG deliveries from the Middle East resume. The Ministry of Petroleum and Natural Gas on Saturday withdrew provisions which had mandated all imported LNG and domestically produced gas to be sold to a list of priority customers.
Bangladesh pushes to secure 80% of Qatari contract volumes
Petrobangla is scrambling for spot LNG after QatarEnergy extended its force majeure until July 16, although the Bangladeshi state company keeps negotiating to receive at least 80% of its contracted LNG cargoes from Qatar.
