Santos is targeting a final investment decision on the Papua LNG project in the fourth quarter, the Australian oil and gas producer said when reporting a drop in first-half profits following the start-up of its Barossa LNG and Pikka oil projects.

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ExxonMobil, on behalf of the Rovuma LNG Area 4 partners, has awarded about $1.1 billion in pre-investment contracts for long-lead upstream equipment, a move designed to push the long-delayed Mozambique project toward a final investment decision (FID) later this year.

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US developer Argent LNG is targeting a final investment decision (FID) within two years after securing Department of Energy approval to export nearly 1.3 trillion cubic feet per year (Tcf/y) of LNG from its proposed Port Fourchon terminal to countries with US free trade agreements.

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Production from ADNOC’s Umm Shaif Gas Cap is expected by 2030, unlocking more than 600 mmcf/d of gas and liquids that will bolster feedstock as ADNOC aims for 47 mtpa of marketable LNG capacity by 2035.

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BlackRock-backed funds, managed by HPS Investment Partners, have committed $500 million to Glenfarne’s Texas LNG project, bringing the Port of Brownsville export terminal closer to a final investment decision (FID).

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Near-term availability of floating LNG terminals is tightening fast, with Fernley expecting a fresh wave of vessel conversions as floating storage and regas units (FSRUs) have achieved their highest-ever share of global LNG imports.

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UTM Offshore is forging ahead with Nigeria’s first floating LNG project after securing a 15-year gas supply agreement that removes one of the biggest obstacles to reaching final investment decision (FID), now expected in Q4-2026.

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Glenfarne has warned Alaska’s proposed gasline tax package could still leave the $13.2–16.9 billion pipeline segment of the Alaska LNG project without a viable path to completion, undermining financing just as the project seeks to take FID.

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Glenfarne Group has signed a preliminary 30-year gas supply pact with ConocoPhillips, securing sufficient volumes for Phase 1 financial close on the Alaska LNG project.

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Monday, 18 May 2026 05:17

Caturus takes FID on Commonwealth LNG

Caturus has taken a final investment decision (FID) on its 9.5 mtpa Commonwealth LNG export project in Louisiana, supported by $9.75 billion in total financing and several long-term offtake agreements. Construction just begun, with first LNG targeted in late 2029 and full operations by 2030.

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