LNG

Egypt is close to sealing a multi-year LNG supply deal that could lock in 15 to 18 cargoes a month for at least three years. Reuters calculations put the deal value at $8-11 billion a year, depending on pricing and volume, with final terms still under negotiation.

India’s Hindustan Petroleum Corp is calling on LNG producers and traders to register interest in supplying spot cargoes and term deliveries. The state-run refiner is understood to look for 1mtpa of LNG under contracts stretching 10-15 years.

Long-term LNG charters – not spot cargoes – are buyers’ favourite, once again, as they provide greater protection against freight rate spikes and shipping disruptions. This trend could tighten global LNG carrier availability for years to come.

Kenyan authorities have announced plans for a $2.9 billion LNG-fuelled power plant near the port of Mombasa. The initiate targets a 1,200 MW plant in the Dongu Kundo area, provided attractively-priced term deliveries can be secured.

JERA Global CEO Yukio Kani has highlighted volatility of future LNG demand as the company’s greatest risk. “The worst-case scenario is we underestimate future demand, run short on term supply and have to go to the spot market to buy additional cargoes as this undermines fuel economics,” he said at Gastech today.

Trafigura has agreed to supply 1.5 mtpa of LNG to Korea Gas Corp (KOGAS) over ten years, beginning in 2026. Deliveries will include cargoes sourced from Cheniere Energy.

Pakistan LNG Ltd (PLL) is looking to resell excess cargoes and considers storing tankers offshore. Excess term LNG deliveries could incur state energy companies nearly $400 million in losses, especially since the rapid solar PV build-out cuts short the need of burning gas for generating electricity.

PetroChina’s trading division strives to enhance the flexibility of its LNG portfolio by adding US LNG, which comes without destination clauses. This offers room for re-sale, compared to deliveries under long-term countries from countries like Qatar.

Malaysian state energy company Petronas and Japan’s leading LNG importer and power producer JERA have signed a memorandum of understanding (MoU) to provide “reliable LNG supply for Japan.” The accord was signed during the Energy Asia 2025 conference.

Switzerland-based Mercuria Energy Trading has entered into a long-term LNG sales and purchase agreement (SPA) with Guangzhou Gas Group. Mercuria called the deal a "pragmatic commercial collaboration and sustainable supply chain development," but fell short of disclosing financial terms or volumes.

“This long-term agreement enhances Guangzhou Gas Group’s capacity to secure stable gas resources, optimize the local energy mix, and reduce carbon emissions — enabling high-quality regional economic development,” Mercuria said in a statement.

Though prices and volumes were not made public, Mercuria stressed this agreement enhances its role as a strategic LNG partner in China and across Asia-Pacific, consolidating the foundation of its global LNG portfolio.

SPA with Oman LNG

The latest SPA follows Mercuria’s earlier deal with Oman LNG in February, under which Oman LNG will supply the Swiss trading company with 800,000 metric tons of LNG annually over a 10-year period on a free-on-board (FOB) basis.

Earlier this month, Mercuria also sealed offtake agreement with Cowboy Clean Fuels, a Wyoming-based company specializing in renewable natural gas (RNG). The deal marks the first commercial sale of RNG produced using CCF’s proprietary biomass carbon removal and storage methodology at its Triangle Unit Project near Gillette, Wyoming.

Mercuria describes itself as one of the world’s largest independent energy and commodity groups. Over 50% of its new investments are dedicated to renewables and transitional energy.