LNG

Sempra Infrastructure, through its subsidiary IEnova, has received a six-month regulatory extension to begin exports of US-sourced LNG from the Phase 1 of its Energía Costa Azul LNG project in Baja California, Mexico. An order, signed by US Secretary of Energy Chris Wright, extends the deadline to September 21, 2026.

The US Department of Energy (DOE) has authorized Venture Global to ramp up LNG exports from its Plaquemines terminal by an additional 0.45 billion cubic feet per day (Bcf/d) to non-free trade agreement (non-FTA) countries – a 13% increase.

Commonwealth LNG, majority-owned by Kimmeridge, has received a 20-year regulatory permit to export LNG to countries without free trade agreements (non‑FTA) with the United States, adding to a 25-year FTA export permit. Both authorizations will become effective once the LNG terminal starts commercial operations, or within seven years of issuance.

Commissioning delays have pushed back the timeline for Costa Azul LNG’s first 3.25 mtpa train, which is now expected to begin commercial operations in the first quarter of 2026. Train 2 remains in the early stages of development, envisioned to expand total capacity to 12 mtpa.

Sempra has asked the US Department of Energy (DOE) to extend the export deadline for its $2.5 billion Energia Costa Azul LNG terminal on Mexico’s Pacific Coast. Construction delays push back commissioning to September 21, 2026.

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.

Philippine power generators are burning less coal in the first time in 20 years as Asian spot LNG prices are down 13% year-to-date on tepid demand which makes natural gas a more competitive fuel. The benchmark Asian spot LNG price for September delivery dropped $2.70 to $12.30 per MMBtu on lacklustre demand and high stockpiles.

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.

Federal Energy Regulatory Commission’s (FERC) final order for Commonwealth LNG is affirming the authorisation of its 9.5 mpta LNG export terminal to be built along Calcasieu Ship Channel near Cameron, Louisiana. With FERC’s final order in place the $11 billion project can now go ahead.

Venture Global is headed towards taking a final investment decision (FID) for its Calcasieu Pass 2 project after receving a critical export authorization. The terminal’s initial phase has firm offtake agreements with ExxonMobil, Chevron, New Fortress Energy, JERA, China Gas, Inpex, SEFE and EnBW.