LNG

TotalEnergies has raised claims to get reimbursed approximately $1.3 billions for loans to Novatek’s Arctic LNG 2 project, as it completes its exits from the US-sanctioned Russian LNG project.

JPMorgan and Santander are among banks arranging a $14-15 billion debt financing facility of for the Argentina LNG venture, as project partners YPF, Eni and ADNOC’s XRG target a final investment decision (FID) in November.

The collapse of US-Canada trade negotiations, followed by new US tariffs of up to 50% on a range of Canadian imports, could raise construction costs and make new Canadian LNG export projects harder to finance.

Kino Aski, led by the Atikamekw Nation, has partnered with energy developer Marinvest Energy Canada to develop a 15 mtpa LNG project in Quebec, targeting European buyers. The project is still in the development phase, with technical studies, environmental assessments and consultations underway.

Argentina’s state-controlled YPF, together with partners Eni and XRG, has submitted an application to enrol the Argentina LNG project in the country’s Large Investment Incentive Regime (RIGI). The $51 billion project will export liquefied natural gas from the Vaca Muerta shale formation, with operations targeted to begin in 2031.

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.

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.

INPEX, Japan’s largest exploration and production company, has signed a 15-year sales and purchase agreement to offtake 1 mtpa of LNG from ADNOC Ruwais LNG project, further advancing commercialization of the UAE-based liquefaction project.

Italy’s energy major Eni has agreed to acquire a 32% interest in three upstream blocks in the Vaca Muerta basin, designated as feedstock for an Argentine LNG export project. Argentina’s state oil company YPF, together with Eni and the Abu Dhabi-based investment firm XRG are working intensively to reach FID on the 12 mtpa Argentina LNG project during the second half of 2026.

Vietnamese authorities in Nghe An province are urging PV Power to accelerate development of the $2.25 billion Quynh Lap LNG-to-power project with a view to bringing the 1,500 MW plant into operation by 2030 – even as imported fuel costs weigh on profitability.