LNG

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.

State-owned Pakistan LNG has purchased a cargo for late July delivery at nearly $21.88 per million British thermal units on Monday, its highest price since 2022, Bloomberg reported. In August, Pakistan seeks to buy more cargoes.

Malaysia’s Petronas has taken delivery of the newbuilt LNG carrier Puteri Kedah, following delivery of a the similar-sized Puteri Johor LNGC on late May. Both vessels are owned by the joint venture companies of ‘K’ LINE.

D.Trading, the trading arm of Ukraine’s DTEK Group, has completed a delivery of U.S.-origin LNG to the Netherland’s Gate terminal in Rotterdam. Though volumes and origin of the cargo was not disclosed, the shipment underlines D.Trading growing involvement in the Atlantic Basin.

Edison expects Qatari LNG supply will resume within 30-45 days after a peace deal, though initial deliveries would likely be just two-thirds of contracted supply, CEO Nicola Monti said.

Greek gas company DEPA has been awarded the tender for one LNG held by Bulgargaz. Delivery of the cargo will be to the Marmara Ereğlisi LNG terminal in Turkey.

Bangladesh and Pakistan are fast-tracking plans to expand nuclear power capacity as disruptions to contracted Qatari LNG deliveries and price spikes expose the risk of heavy reliance on imported gas.

QatarEnergies is offering 10 LNG carriers for lease in a bid to monetise idle shipping capacity, following the suspension of output at its 77 mtpa liquefaction facility. The 10 LNG carriers on offer for charter, include large Q‑Flex vessels and modern dual‑fuel ships.

Golar LNG is holding off fresh capital for its fourth floating LNG unit, citing deteriorating yard economics. The 3.5 mtpa unit had been scheduled for delivery in late 2027 with not deployment location confirmed as yet.

Turkish state gas company BOTAS has agreed to purchase a total of 11 bcm of LNG-equivalent over 10 years from Germany’s state-owned SEFE and Italy’s Eni starting from 2028. Shipments will take place in winter only, sourced the partner’s Atlantic Basin supply portfolios.