LNG

Qatar Gas Transport Company, better known as Nakilat, has kept first-half net profit broadly flat at 857 million Qatari Riyals, even as its Marine Services segment was “significantly affected” by the military conflict in the region.

Glenfarne has warned Alaska’s proposed gasline tax package could still leave the $13.2–16.9 billion pipeline segment of the Alaska LNG project without a viable path to completion, undermining financing just as the project seeks to take FID.

The British government is anticipated to announce new sanctions today targeting Russia’s illicit shadow fleet for oil and LNG, following the interception of a sanctioned Russian oil tanker in the Channel on Sunday. The move could disrupt a segment of LNG trade that relied on opaque shipping and financing channels.

Caturus, a Houston-based independent gas company, has secured $9.75 billion in project finance-style debt for its Commonwealth LNG, with total equity and debt commitments reaching $21.25 billion.

Mozambique has been promised $6 billion in concessional financing, so-called soft loans from the World Bank for public investment projects – plus $4 billion of funding for the private sector, potentially supporting energy infrastructure projects like the Coral Norte FLNG.

Investors are seeking better incentives for integrated LNG and power projects in Vietnam as guaranteed electricity offtake levels are still too low to make projects break even. Developers said Power Purchase Agreements (PPAs) with 25-year tenures or a higher minimum offtake level, ideally 85-90%, would help secure predictable cash flows and attract international lenders.

Across Southeast Asia, burning coal for power generation is rising faster than anywhere in the world – except for Bangladesh which is on course to overtake Pakistan as an LNG importer by 2035. The pivot to coal threatens to undermine Just Energy Transition Partnerships (JETPs) in Indonesia and Vietnam, not least because clean energy finance is hard to come by.

Kimmeridge-owned Commonwealth LNG has entered a long-term deal to supply 1 mtpa to Saudi Aramco, the world’s largest oil exporter, sources told Reuters. This latest SPA brings Kimmeridge one step closer to achieving 8 mtpa of upfront-contracted LNG sales, out of the terminal’s total nameplate capacity of 9.5 mtpa.

Nhon Trach 3&4, Vietnam’s first two LNG-fired power plants were inaugurated on Sunday. The US$1.4 billion, 1.6 GW project secured US$1.1 billion in financing – without state guarantees.

Nhon Trach Unit 4 — one of two units at Vietnam’s first LNG-fired power plant — is scheduled to begin commercial operations on December 20. PetroVietnam invested an estimated $1.4 billion in the twin units, which have a combined capacity of 1,620 MW.