LNG

Record US natural gas production and sustained sub-$3.50/MMBtu Henry Hub prices are set to strengthen the economics of both LNG export expansions and new gas-fired power projects, even as global demand tightens.

Santos is targeting a final investment decision on the Papua LNG project in the fourth quarter, the Australian oil and gas producer said when reporting a drop in first-half profits following the start-up of its Barossa LNG and Pikka oil projects.

South Korean private equity firm, Hahn & Company is restructuring its two shipping companies to create a large standalone gas carrier company. Around 16 LNGCs will be switched from H Line Haeun to SK Haeun and in return, H Line Haeun will transfer 12 tankers, plus around $300 million in cash. By adding its existing 14 LPG carriers, SK Haeun plans to concentrate on the gas carrier market and will change its name to ‘K-LNG’.

The Greek shipowner Dynagas has shipped 35 percent of all Yamal LNG volumes to European ports, worth an estimated €2.35 billion, after Greece secured an exemption on the EU’s 21st sanction package for qualifying Russian LNG transport.

A second Russian-build ice-class LNG carrier, the Konstantin Posiet, is heading to Asia via the Northern Sea Route, underscoring Moscow’s push to sustain Arctic LNG exports despite Western sanctions.

Middle East buyers are looking to secure Canadian LNG as a hedge mechanism against geopolitical chaos, the President of Singapore-based Pacific Energy, which owns 70 percent of the Woodfibre LNG project.

India’s Oil and Natural Gas Corp (ONGC) and Shell Energy India have signed a non-binding memorandum of understanding (MoU) to explore joint opportunities in deepwater oil and gas exploration, plus LNG sourcing. The agreement covers potential collaboration across India’s energy sector, including joint participation in deepwater and ultra-deepwater offshore blocks offered under the government’s Open Acreage Licensing Policy (OALP), as well as future bidding rounds.

A record wave of LNG capacity coming online by 2030 is shifting the market’s binding constraint from supply to demand, with small-scale LNG (SSLNG) increasingly viewed not just as a niche segment but as a demand-creation tool.

The first LNG cargo has arrived in Honduras under UK’s Centrica Energy's long-term sale and purchase Agreement (SPA) with local energy company, Exodus. This marked the operational start of a project that will support the country's energy transition and strengthen energy security across the region, Centrica said.

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.