Shell CEO hesitant to invest equity in US LNG infrastructure
Shell CEO Wael Sawan has expressed reluctance to spend the company’s own equity on US LNG projects, citing the availability of low-cost infrastructure funding. His remark signals a shift towards prioritising shareholder returns over equity commitment in an increasingly oversupplied global LNG market.
LNG glut makes traders compete for European regas capacity
Traders and LNG portfolio players are competing for regasification capacity to land LNG cargoes in Europe, though the European LNG arbitrage stayed closed for much of 2025. According to Platts data, the economics begin to reflect oversupply with the LNG-TTF price spread widening.
LNG industry risks repeating 2010s’ coal bust, IEEFA warns
Exuberance in adding new LNG capacity makes the industry vulnerable to repeating the coal industry’s mistakes in 2010. Yet, consequences of an extended oversupply will be “more severe for the LNG industry as it is highly capital-intensive,” analysts warn.
Energy Transfer delays FID on Lake Charles LNG to Q1-2026
Energy Transfer has delayed its final investment decision (FID) on the $10.9 billion Lake Charles LNG export project to the first quarter of 2026, instead of year-end 2025 as intended earlier. This hold-up follows lengthy development stages, uncommitted volumes and rising concern over LNG oversupply risk.
Arctic LNG 2 ramp-up could crash TTF prices
“Full exports from Arctic LNG 2 would crash the TTF,” Energy Aspects warns, arguing European gas markets would not be able to absorb the wave of additional supply without requiring US LNG shut-ins to balance.
Financing split emerges in US LNG boom
Equity investors in US LNG projects are vary of margins squeezed by higher US gas prices vs lower global spot prices. Debt finance is still forthcoming supported by the Trump administrations overtly pro-gas policies, Wood Mackenzie finds.
Moody’s sees IOCs adapt to ‘low-carbon transition risk’
Hazards of oversupply are preoccupying International Oil Companies (IOCs) as less carbon-intensive sources of energy compound the risk of future oil and gas oversupply. Still, Moody's analysts are convinced oil majors will tackle these new issues through a triad of conservative financial policies to strengthen balance sheets, capital discipline, and robust long-term planning that anticipates secular shifts – like the global trend towards renewables and energy storage.
Buyers pay above variable cost for US LNG
Several LNG buyers seem happy to pay a premium for supply from Australia and the U.S. Forward prices, imply Asian LNG buyers pay above the variable cost of U.S. LNG delivered ex-ship which, according to S&P analysts, “is not what you would expect in an oversupplied market.”
