LNG

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Asia’s LNG imports are predicted to reach their second-highest level in October.

Asian spot LNG prices continued their downward trajectory, albeit slightly, last week on high storage inventories, continued weak demand and lack of progress on Russia/Ukraine peace talks.

Australian oil and gas developer, Woodside Energy has welcomed the Australian Federal Court's decision confirming the validity of the National Offshore Petroleum Safety and Environmental Management Authority’s acceptance of the Scarborough offshore facility and trunkline (operations) environment plan (EP).

Russia continues to supply oil, oil products and coal to India but also sees a potential for LNG exports, First Deputy Prime Minister, Denis Manturov has said.

Pakistan is to seek the deferment of 177 Qatari LNG cargoes over the next five years, due to a huge reduction in gas consumption in the country.

Three more long-term LNG sales and purchase agreements (SPAs) were announced recently.

Petronas subsidiary MISC has reported Group revenue of RM2,721.3 mill for the second quarter of this year, some RM608.1 mill or 18.3% lower than 2Q24’s results.

Australian oil and gas developer, Santos has reported a delay in its takeover proceedings.

Norwegian based Awilco LNG suffered a net loss of $3.1 mill and loss per share of $0.02 in the second quarter 2025, compared to a net loss of $3.3 mill and $0.02 per share in the previous quarter.