LNG

Norway’s Equinor has delivered its first LNG cargo India's Deepak Fertilisers and Petrochemicals Corp. (DFPCL), marking the start of a 15-year supply agreement that will deliver 9.75 million tonnes of LNG to support ammonia and fertilizer production.

Vitol’s head of LNG, Pablo Galante Escobar, has warned the halt in Middle Eastern supply could develop into a food crisis, unless transits through the Strait of Hormuz resume. Longer term, the Gulf market could lose 20 mtpa of LNG supply growth in 2027 and 2028, because of damage to Qatari capacity and delays to new regional projects.