LNG

The Shafallah loaded at Plaquemines LNG terminal in late June, booked for Świnoujście. It is now in the equatorial Atlantic off Brazil, steering south-east and declared for Incheon in South Korea. The Polish delivery has gone, and a US LNG cargo bought for northern Europe is now tracking east for Asia.

Bangladesh’s state-run Petrobangla has raised concerns after QatarEnergy warned it may cut contracted LNG deliveries by up to half, deepening supply uncertainty for the South Asian importer amid ongoing disruptions at Qatar’s Ras Laffan export complex.

Henry Hub cash and bal-summer price are set to soften as additional Texas-to-Louisiana pipeline capacity boosts LNG feedgas flows towards the US Gulf Coast, easing oversupply in Texas.

LNG carrier ordering activity in the first half of 2026 has rebounded from last year’s slowdown, with MS Cardiff Gas, Hayfin and BW LNG are again seen circling Korean shipyards for 2029 delivery windows.

Delivery of 17 LNG carrier new-buildings tied to the TotalEnergies-led 12.8 mtpa Mozambique LNG project has been delayed, with shareholders asking shipyards Hyundai Heavy Industries and Samsung Heavy Industries to defer declaration dates to September 2026.

The global fleet of LNG-fuelled could almost double from its current base of 850 ships if scheduled deliveries and orders proceed as expected, Shell told investors, projecting LNG bunkering demand to jump from 3-4 mtpa to about 26 mtpa by 2035.

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Talks were continuing at the time of writing over the future jurisdiction of the Strait of Hormuz.

Global LNG demand is expected to increase to nearly 700 mill tonnes a year by 2050, a rise of around 65% from 2025 levels, according to UK major Shell’s ‘LNG Outlook 2026’.