Vietnam’s LNG-to-Power plans delayed
Plans to develop several LNG-fuelled power stations in Vietnam are facing delay, mostly due to affordability issues. Developers are also struggling with power-purchase agreement negotiations, land-clearance procedures and the high and volatile cost of imported LNG. Of 18 LNG power projects under government monitoring, only the Hiep Phuoc project is currently considered on track, while just two have begun construction.
LNG helps EU power sector hit 80% zero-carbon by 2030
Europe’s power sector will cross the 80% zero-carbon generation threshold by 2030 but slower offshore wind deployment will keep gas-fired generation higher than previously forecast, creating a need for LNG imports. Natural gas generation across 35 European markets is expected to average 6% above Wood Mackenzie’s previous forecast between 2026 and 2040.
Total, T&T target 2031 start-up for Vietnam LNG power project
TotalEnergies and Vietnam’s T&T Energy Group have agreed to establish a consortium to finance, build and operate the 1.5 GW Long Son LNG-fired power project in Ho Chi Minh City with a view to get the 1.5 GW plant into commercial operations by 2031.
Petronas, Hokuriku Electric to renew term LNG supply deal
Petronas LNG has signed a head of agreement with Hokuriku Electric to negotiate the renewal of an LNG supply deal for up to 0.54 mtpa for a decade starting 2028. The HoA underscores Japan’s reliance on LNG for power generation.
Cambodia plans to import first LNG in 2027
Cambodia is adhering to its plan to begin LNG imports in 2027, with the government’s timeline anchored by the 900 MW Botum Sakor LNG-fired power project. The plant’s first 450 MW unit is scheduled to start operation in April 2027, followed by a second unit in December.
Japan deepens LNG-to-power links across Asia
Japan’s JERA is stepping up its LNG-to-power strategy across Asia, offering term LNG shipments and project finance. For India’s Torrent Power, JERA will deliver four cargoes per year from 2027 to fuel 2,730 MW gas-fired powergen capacity along with some city-gas demand.
JERA advances LNG-fuelled power project on Hawaii
JERA Americas is advancing an LNG-fuelled power project on Hawaii, developed at a cost of $1.5 billion for the 500 MW plant plus around $500 million for offshore LNG import terminal.
US gas era shifts as Henry Hub seen at $5/MMBtu by 2035
The decade of structurally cheap US gas is drawing to a close, with Henry Hub prices forecast to rise towards $5 per MMBtu by 2035 from below $3 per MMBtu, as LNG demand growth tightens domestic balances, Wood Mackenzie said.
Egypt rushes for LNG as summer power demand tops 40 GW
Egypt is seeking to import more LNG as electricity demand this summer is forecast to rise 8% above last year’s peak of 40 Gigawatt. Regasification capacity has been maximised, while the Damietta LNG export terminal gets used to store cargoes for emergency use.
South Korea cuts LNG-burn, leans more on coal and nuclear
Nuclear restarts and coal has displaced LNG in the South Korean power mix as Qatari supply fell away, allowing utilities to defer procurement rather than chase spot cargoes priced above $20 per MMBtu. As a result, LNG’s share in Korean power generation fell to an estimated 22–24 percent in H1-2026, down from roughly 26–28 percent in H1 2025.
