Banks line up $15 billion for Argentina LNG project
JPMorgan and Santander are among banks arranging a $14-15 billion debt financing facility of for the Argentina LNG venture, as project partners YPF, Eni and ADNOC’s XRG target a final investment decision (FID) in November.
Woodside fast-tracks Louisiana LNG, targets first cargo in 2029
Australian energy major Woodside and its contractor Bechtel are accelerating construction at the 27.6 mtpa Louisiana LNG project with the aim of shipping a first cargo in 2029.
Hormuz disruptions spur Equinor return to Tanzania LNG project
Norway’s state energy company Equinor is considering reviving the long-stalled Tanzania LNG project with Shell, as disruption to shipments through the Strait of Hormuz could continue into the fourth quarter of this year, or possibly extend to 2027.
RWE takes 16% stake in Louisiana LNG
Aug 26 – German utility RWE has relinquished offshore wind licenses and reinvested about $900 million of the proceeds in a 16% in the Louisiana LNG project, led by the Australian energy major Woodside. For 2031, the Essen-based utility targets an adjusted EBITDA in the range of €9.2 to €10.0 billion.
US unleashes sanctions against Iran, raises stakes for Hormuz trade flows
The United States has launched what it calls an “economic D‑Day” against Iran, with Treasury Secretary Scott Bessent extending sanctions against nearly 60 Iran-linked entities and vessels, raising stakes for oil and LNG trade flows through the Strait of Hormuz.
GGT bags LNG tank design order
Aug 25 – Korea Shipbuilding & Offshore Engineering (HD KSOE) has placed an order with GTT of France to design and build the cryogenic cargo tanks for two new LNG carriers. The two 174,000 cbm LNG carriers will be built at HD Hyundai Heavy Industries, using GTT’s Mark III Flex membrane containment system, with delivery of the two ships scheduled in first quarter of 2029.
Norway adamant to drill in Barents Sea to sustain production
Norway's energy minister Terje Aasland has insisted on the country’s sovereign rights to drill in the Barents Sea to sustain oil and LNG exports at current levels until 2035, even though the EU is debating a moratorium.
New US tariffs on Canadian imports could raise LNG project costs
The collapse of US-Canada trade negotiations, followed by new US tariffs of up to 50% on a range of Canadian imports, could raise construction costs and make new Canadian LNG export projects harder to finance.
Blandex closes loan for Argentina’s first LNG export project
Bladex has closed a US$125 million syndicated financing with a four-year tenor for Southern Energy S.A. (SESA), the consortium developing Argentina’s first LNG export project. The deal is mobilising capital in a bid to monetise Vaca Muerta gas.
Tamboran’s Beetaloo first gas set to test Darwin LNG upside
First commercial shale gas from Australia’s Beetaloo Basin is on track to flow in September from Tamboran Resources’ Shenandoah South drilling site, unlocking one of the world’s largest undeveloped gas resources and potentially underpin new LNG export capacity.
