LNG

Chevron is expanding its LNG portfolio through long-term offtake agreements rather than committing billions of dollars to develop new liquefaction plants – a strategy aimed at lifting tradable LNG volumes to more than 20 mtpa by 2030.

Venture Global has filed with the U.S. Federal Energy Regulatory Commission (FERC), seeking authorization to place its Phase 1 Plaquemines LNG export terminal into service, the final regulatory hurdle before commercial start-up. If approved, Venture Global could meet its targeted Q4-2026 commercial operation date.

GasEntec has been selected by EXMAR to supply regasification modules for an LNG carrier-to-FSRU conversion that will expand the EemsEnergyTerminal in Eemshaven, with completion scheduled for late Q3-2027.

Aug 24 – Japanese shipbuilders are expected to draw new investment as Tokyo looks to revive the sector, with industry groups backing a plan for roughly 350 billion yen in capital spending and a broader public-private fund of more than 1 trillion yen to double output by around 2035. The push also includes efforts to modernize yards and revive LNG carrier construction.

Japanese shipbuilders are set to draw new investment as Tokyo looks to revive the sector, with industry groups backing a plan for roughly 350 billion yen in capital spending and a broader public-private fund of more than 1 trillion yen to double output by around 2035. The push also includes efforts to modernize yards and revive LNG carrier construction.

Rising renewable capacity and cheaper batteries are weakening the investment case for LNG import terminals and gas-fired generation, with Ember signalling out China as the clearest example of that shift.

Delfin Midstream is close to signing a contract with Samsung Heavy Industries for the supply of the second and third floating liquefied natural gas (FLNG) vessels for its Delfin LNG export project in Louisiana.

Russia's largest LNG producer Novatek has reported a sharp 63% drop in net profit, citing lower commodity prices, Western sanctions, and operational disruptions at its Ust-Luga terminal following a Ukrainian drone attack. 2025 net profits fell to 183 billion roubles ($2.37 billion), down from 493 billion roubles in the previous year.

Nhon Trach Unit 4 — one of two units at Vietnam’s first LNG-fired power plant — is scheduled to begin commercial operations on December 20. PetroVietnam invested an estimated $1.4 billion in the twin units, which have a combined capacity of 1,620 MW.

Excelerate has received an award letter from the Iraqi government to develop a floating LNG import terminal. Capital expenditure is sought not to exceed $300 million, officials close to the project indicated.