Pakistan pays for supplier concentration
Pakistan LNG Ltd reportedly accepted a lone bid from TotalEnergies on 20 July, at $21.88 per MMBtu for a cargo nominally delivering on 27 to 28 July. It was the seventh spot purchase since QatarEnergy declared force majeure on 4 March, and the fifth procured for a July delivery window. The four before it cleared successively higher, at $16.74, $17.37, $18.23 and $20.70, the last of which was already the most expensive spot cargo Pakistan had bought since 2022. Not all of the purchased cargoes had berthed at the time of writing, according to our data.
Egypt close to sealing term LNG supply deal worth up to $11bn
Egypt is close to sealing a multi-year LNG supply deal that could lock in 15 to 18 cargoes a month for at least three years. Reuters calculations put the deal value at $8-11 billion a year, depending on pricing and volume, with final terms still under negotiation.
First cargo from Mexcio’s ECA LNG en route to Asia
TotalEnergies has shipped the first LNG cargo from ECA LNG Phase 1 in Mexico to Asia, marking a commissioning milestone for the 3.25 mtpa Pacific-facing terminal, feed with U.S. natural gas delivered by pipeline from Permian Basin.
Mozambique LNG shareholders delays delivery of 17 new carriers
Delivery of 17 LNG carrier newbuildings tied to the TotalEnergies-led 12.8 mtpa Mozambique LNG project has been delayed, with shareholders asking shipyards Hyundai Heavy Industries and Samsung Heavy Industries to defer declaration dates to September 2026.
U.S. feedgas flows to Mexico rise as Costa Azul LNG ramps up
Feedgas flows from the United States to Mexico are on pace for a record June as Energía Costa Azul LNG project prepares for export start-up. Sempra began producing LNG at the 3.25 mtpa terminal on June 4, with commercial exports due to begin in September.
All Russian LNG trade banned for EU operators from 2027
Trading and reselling Russian LNG will be forbidden for EU-based companies starting from 2027 – regardless if the Russian LNG is destined for the European Union or not, EU Energy Commissioner Dan Jorgensen specified.
Ksi Lisims LNG eyes end-2026 FID as offtaker talks progress
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.
Sempra’s ECA LNG terminal receives first feedgas
Sempra's Energía Costa Azul (ECA) LNG terminal has received its first feedgas with a view to start LNG production this spring. The Pacific-facing terminal is targeting Asian markets, with offtake by TotalEnergies and Mitsui supporting Phase 1 project economics.
Mitsui close to buying stake in $17.5bn Qatar LNG expansion
Japanese trading company Mitsui & Co is in advanced negotiations to buy a minority stake in Qatar’s North Field South LNG expansion, a 16 mtpa liquefaction project being developed at an estimated cost of $17.5 billion. The deal would give Mitsui access to one of the world’s lowest-cost LNG developments.
TotalEnergies sells Nigerian onshore stake, keeps NLNG assets
TotalEnergies EP Nigeria has agreed to sell its 10 percent stake in Renaissance JV licenses to Vaaris Marine but retains its economic ties to blocks supplying feedgas to Nigeria LNG export terminal. The move signals majors are still committed to Nigerian LNG cash flows.
