LNG

Australian energy major Woodside and its contractor Bechtel are accelerating construction at the 27.6 mtpa Louisiana LNG project with the aim of shipping a first cargo in 2029.

Cyprus-registered Premier Energy’s has committed to procure one LNG cargo of 1 million Megawatt-hours (MWh), equivalent to about 100 million cubic metres (MMcm) of natural gas, for delivery through Greece’s Alexandropoulos floating storage and regas unit (FSRU). The cargo is scheduled for April 2027.

Bangladesh’s state energy company Petrobangla has declined to unload the LNG supplied by Saudi Aramco after the carrier Alhamra, built in 1997, failed to satisfy the technical and safety standards required for unloading at the country’s floating LNG terminal at Moheshkhali. The Liberia-flagged Alhamra is carrying about 61,000 tonnes of LNG.

Soaring LNG prices have propelled up Pakistan power generation cost by 38% year-on-year, analysis by local brokerage Arif Habib Ltd shows. The latest cargo, delivered in late July, was purchased from TotalEnergies $21.88/MMBtu – the highest price Pakistan LNG ever paid for a spot cargo.

Europe is regaining some pull in the global LNG market with Kpler tracking six Atlantic Basin cargoes redirected to the bloc, versus two moving away – a sharp reversal from June when 13 cargoes were rerouted from Europe to Asia.

The Greek shipowner Dynagas has shipped 35 percent of all Yamal LNG volumes to European ports between January and July 2026, worth an estimated €2.35 billion, after Greece secured an exemption on the EU’s 21st sanction package for qualifying Russian LNG transport.

Woodside Energy has achieved first gas from its Scarborough reservoir offshore Western Australia, feeding the Pluto LNG terminal, with the first cargo from Train 2 targeted for export in the fourth quarter of 2026.

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.

QatarEnergies has notified Edison that it is unable to deliver three LNG cargoes, extending force majeure until the end of September, the Italian utility stated. A total of 24 cargoes, representing a combined 3 bcm of natural gas, are now subject to force majeure over the April-September delivery window, with Edison saying it has already replaced most of the lost volumes.

The Japan Korea Marker (JKM) for LNG delivery into northeast Asia for September could exceed $22/MMBtu at the start of this week as shipping disruptions widens and competition for Atlantic Basin cargoes intensifies between Europe and Asia.