PV Power urged to speed $2.25bn LNG-fuelled project
Vietnamese authorities in Nghe An province are urging PV Power to accelerate development of the $2.25 billion Quynh Lap LNG-to-power project with a view to bringing the 1,500 MW plant into operation by 2030 – even as imported fuel costs weigh on profitability.
US regional gas prices near zero despite Middle East risks
Regional US gas prices in the Southwest and Southern California are trading near zero, even as LNG export demand hits maximum capacity. Domestic gas output exceeds 105 Bcf/d, flooding storage and capping upside, while LNG feedgas demand increased to 20.3 Bcf/d amid soaring US LNG export driven by panic buying.
US LNG arbitrage to Asia falls as JKM-TTF spread narrows
The arbitrage for shipping US LNG cargoes to Northeast Asia has fallen to –$0.2/MMBtu, the lowest level since February 2025 – even though Atlantic freight rates have declined by more than $70,000 per day over the past month, a move that would typically bolster Asia-bound LNG shipping.
