LNG

Russia's largest LNG producer Novatek has reported a sharp 63% drop in net profit, citing lower commodity prices, Western sanctions, and operational disruptions at its Ust-Luga terminal following a Ukrainian drone attack. 2025 net profits fell to 183 billion roubles ($2.37 billion), down from 493 billion roubles in the previous year.

PetroVietnam Power is preparing to start up the Nhon Trach 3 power plant in the third quarter of 2025, while Nhon Trach 4 is scheduled to start commercial operations by the end of this year. Capital expenditure (CAPEX) for developing the two LNG-fuelled power plants comes to US$ 1.4 billion, financed under a 75:25 debt vs equity ratio.