LNG

Laden LNG transits through the Strait of Hormuz have dropped sharply, down from roughly 0.8 cargoes per day in late June to just 0.2 cargoes per day by July 15, as shipowners grow increasingly cautious after the attack on QatarEnergy LNG carrier Al Rekayyat. Only one LNG cargo is known to have transited the Strait of Hormuz in the past week, according to S&P Global Energy’s vessel-tracking data, while a growing number of LNG stored aboard tankers waiting inside the Persian Gulf for safer passage.

Near-term availability of floating LNG terminals is tightening fast, with Fernley expecting a fresh wave of vessel conversions as floating storage and regas units (FSRUs) have achieved their highest-ever share of global LNG imports.

Kinetics LNG has secured a $125 million investment from Turkish private equity firm Actera Group to help fund the expansion of its floating LNG business, targeting emerging markets.

Expand Energy has terminated its first-ever offtake agreement with Delphin LNG and replaced it with a larger contract that more than doubles volumes to  1.15 mtpa of LNG per year at Henry‑Hub‑linked pricing. Shipments will originate from Delfin FLNG Vessel 1, with targeted commercial start around 2031.

Substantial upstream investment in Vaca Muerte shale is meant to help Argentina evolve from seasonal floating liquefaction to a multi-phase LNG exporter. To that end, state-controlled YPF plans to channel $3.3 billion into Vaca Muerta shale, with recent FIDs on two FLNG units in the Gulf of San Matías and associated infrastructure.

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.

Deutsche Energy Terminal GmbH (DET) increased its contribution to Germany’s security of supply by more than a third in 2025, supported by higher utilization of existing floating LNG terminals and the start‑up of a third unit at Wilhelmshaven. The state‑owned operator said its three FSRUs delivered 79 Terawatt-hours (TWh) of natural gas into the German grid last year, up from 59 TWh in both 2024 and 2023.

Kosmos Energy expects material growth in 2026 from expanded gas production both in Ghana and at the Greater Tortue Ahmeyim (GTA) floating LNG project offshore Mauritania and Senegal.

ST LNG, led by the U.S. entrepreneur Sharad Tak and Alap Shah, New Fortress Energy’s former head of FLNG, has announced plans to develop a floating LNG export facility with a capacity of up to 8.4 mtpa offshore Matagorda, Texas. The modular project is designed to process and export LNG directly from offshore platforms starting from 2026.

Bangladesh’s state-run gas company RPGCL has issued a tender to buy two further spot LNG cargoes by mid-August. Bid submission deadline is on July 7.