LNG

The Alaska LNG project has emerged as South Korea’s likely first U.S. investment under a $200 billion trade deal, with Seoul signalling a possible announcement in late August or early September.

BlackRock-backed funds, managed by HPS Investment Partners, have committed $500 million to Glenfarne’s Texas LNG project, bringing the Port of Brownsville export terminal closer to a final investment decision (FID).

The Private Department of Sheikh Mohammed Bin Khalid Al Nahyan has committed to slash out $1.13 billion on MidOcean Energy, marking its first entry into the global LNG sector. The investment strengthens MidOcean's capital base and supports its strategy to expand its diversified global LNG portfolio

MidOcean Energy has secured an $120 million equity investment from The Arab Energy Fund (TAEF) as part of its ongoing capital raise, targeting up to $2 billion from new investors.

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.

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.

Glenfarne has signed a definitive agreement to supply 1 mtpa of LNG to the South Korean trading house POSCO International over 20 years from its planned 20 mtpa Alaska LNG project, the only federally authorized LNG export project on the U.S. Pacific Coast.

British energy regulator Ofgem today approved the first £28 billion ($37.33 billion) of a total £90 billion of investment in UK power and gas network companies – including greater capabilities for LNG imports.

Osaka Gas seeks to expand its oversees LNG business via US upstream and power plant investments through subsidiary Sabine Oil&Gas, with Texas shale gas production expected to reach 3.8 mt LNG-equivalent this fiscal year.

Midstream operators in the US have announced fresh investment in gas storage capacity to provide flexibility as the LNG build-out progresses into 2026. Enbrige just took FID on new storage facilities in Texas and Louisiana while Energy Transfer started to build a cavern storage at Bethel.