LNG

German state-controlled utility Uniper has agreed to offtake 2 mtpa of destination-flexible LNG from Canada’s proposed Ksi Lisims terminal in British Columbia. First deliveries are expected from 2032.

Malaysia’s state-owned energy company Petronas has signed a long-term LNG sale and purchase agreement (SPA) with Japan’s Shizuoka Gas, covering approximately 0.84 mtpa of LNG supply starting in 2032.

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.

Venture Global and Greece’s Atlantic-SEE LNG Trade have doubled the volume under their long-term supply agreement, raising the commitment to at least 1 mtpa of US LNG starting in 2030 for a two-decade tenure.

Japan’s largest power generator JERA has signed an LNG sales and purchase agreement with Malaysia’s Petronas to secure up to 2 mtpa of supply over 20 years starting in 2028.

Eni has secured about 2 million tonnes per annum (mtpa) of LNG from its South Hub and North Hub projects in Indonesia, supplied via the Bontang terminal in East Kalimantan. The additional supply will help Eni reach its target of more than 20 mtpa of contracted LNG supply by 2030.

The Ksi Lisims LNG project in British Columbia is in advanced discussions with additional offtakers as developers target a final investment decision (FID) on the 12 mtpa floating liquefaction facility on Nisga’a Nation land by the end of this year.

Swiss commodity trader Gunvor has agreed to offtake 0.3 mtpa of LNG from Delfin Midstream’s FLNG1 facility offshore Louisiana over 20 years, pushing the project’s contracted volumes above 4 mtpa as it nears financial close.

Expand Energy has terminated its first-ever offtake agreement with Delphin LNG and replaced it with a larger contract that more than doubles volumes to  1.15 mtpa of LNG per year at Henry‑Hub‑linked pricing. Shipments will originate from Delfin FLNG Vessel 1, with targeted commercial start around 2031.

Prolonged price volatility in LNG markets is upending sales and purchase agreements (SPAs) as traders sound alarm over JCC/Henry Hub swings eroding fixed-price economics.