CNOOC eyes US energy cooperation, mulls joint investments
China’s state-owned oil and gas company CNOOC sees potential for an energy cooperation with the US, and would consider investing alongside US partners in future projects, a senior executive said, as signs of a thaw in trade relations emerge.
UK weighs FSRU options to confront gas security gap
The UK government is actively considering chartering or funding a floating storage and regasification unit (FSRU) to shore up gas storage and import capacity amid warnings the country could face supply shortfalls by the 2030s. The option emerged in the government’s response to a consultation by the Department for Energy Security and Net Zero (DESNZ) on gas supply security, which found the market alone is unlikely to deliver sufficient resilience against high-impact stress scenarios.
Asia invests in domestic energy to curb reliance on imported LNG
Asian countries are stepping up investment in domestic energy to curb reliance on imported LNG, as energy security overtakes cost following the three-month disruption of the Strait of Hormuz. China, India and Pakistan are accelerating spending on coal, renewables and nuclear power to reduce exposure to LNG imports.
Energy prices fall, embedded inflation persists; Fitch warns
Global oil and LNG shocks are likely to abate following a comprehensive US-Iran peace deal, but embedded inflation and second-round effects are just beginning, Fitch Rating warns. Global inflation likely peaked in the second quarter of 2026, analysts said, but knock-on effects from the initial jump in energy prices threaten to keep inflation elevated in several markets.
China’s e-truck push dents diesel, reshapes LNG demand
China’s push to electrify heavy-duty trucking is set to materially lift electricity demand, with potential knock-on effects on LNG imports. Around Beijing, electrification rates are expected to reach as high as 80% on certain corridors, accelerating the shift away from diesel and LNG toward grid-based energy.
Oil majors’ slash clean spend, pivot to LNG
Supermajors are redirecting capital towards LNG and other core oil & gas businesses, while retrenching from energy transition-related investment. Majors with large US LNG positions – notably Shell, BP and TotalEnergies – benefit from wider export margins and rising demand in 2026.
Australia mulls windfall tax on energy majors as LNG prices soar
Australia’s Prime Minister Anthony Albansese is considering a windfall tax on gas producers as LNG prices surge, asking to model new levy options for the gas industry. Government data showing LNG exports worth about A$65.4 billion and volumes of 79.8 million tonnes in the 12 months to April 2025.
Pakistan leans on local fuel sources to mitigate LNG supply risk
Pakistan’s diverse domestic energy mix – nuclear, coal and hydropower – is cushioning the country from the global energy price shock following Qatar’s suspension of LNG exports. With nearly three-quarters of its electricity now generated from local sources, Pakistan managed to mitigate the immediate fallout of halt in its contracted long-term LNG deliveries from QatarEnergies.
Clean energy, not LNG helps Asia hedge against energy shocks
US-Israeli air strikes against Iran has exposed Asia’s vulnerability to imported LNG and the lack of energy self-sufficiency through domestically generated clean energy. China, India, Japan and South Korea account for 75% of oil and 59% of LNG flows through the chokepoint.
Shell, METLEN target LNG deliveries to Greece from 2027
METLEN Energy & Metals has established a framework with Shell for the supply and trade of 0.5 to 1.0 bcm per year over the between 2027 and 2031. Deliveries will go to the Greek LNG regas terminals in Revithoussa and Alexandroupolis.
