World’s first three-tank LNG carriers ordered at Korean shipyards
Two shipping majors – TMS Cardiff Gas and BW Group and – have placed LNG carrier orders at South Korean shipyards, including the word-first three-tank carrier order. Expansion in the gas carrier segment is driven by rising ton-mile demand as Asian buyers replace curtailed Qatari volumes with cargoes from North America.
Korea turns to Oman to replace Qatari cargoes
South Korea’s Foreign Minister, Cho Hyun has pleaded his Omani counterpart Badr Albusaidi to supply LNG and crude oil. KOGAS, meanwhile, vowed to bring the entire LNG equity volumes from its projects in Australia and Canada to its Korean home market to mitigate the risk of fuel shortages.
South Korea
Market Summary: South Korea imported 6.07mmt of LNG over April to May 2026 from twelve supplier countries, down 22.5 pct on the 7.83mmt received in February to March.
Canadian PM seeks free trade deal with India, eyes LNG exports
Canada’s Prime Minister Mike Carney is pushing to advance a free trade agreement with India that would open a strategic outlet for LNG, agri-food and technology exports. The move reflects Canada’s effort to fast-track Pacific facing LNG infrastructure and lock in long-term offtake.
India turns down sanctioned Russian LNG
India has rejected a cargo of Russian LNG from the US-sanctioned terminal despite domestic supply shortages amid Middle East tensions – effectively stranding a 138,200-cbm tanker near Singapore, according to ship-tracking data.
ADNOC cargo awaited mid-June
An LNG tanker loaded at ADNOC’s Das Island terminal exited the Strait of Hormuz in May and is now on route to India. The most likely buyer is Indian Oil Corp, the counterparty to ADNOC’s latest long-term supply agreement. VesselFinder’s AIS log lists the Al Hamra at the Indian Coast, en route to Dahej with an estimated arrival on June 17.
Mid-scale Emerging Asia
Market Summary: India, Taiwan, Thailand and Bangladesh together imported 10.89mmt of LNG over April–May 2026, taking 171 cargoes from 18 supplier countries.
Venture Global, Thailand’s PTT near binding LNG deal
Venture Global and Thailand’s state-controlled energy giant PTT PCL are in advanced talks for binding LNG offtake, supposedly from the Plaquemines or CP2 export facilities in Louisiana. If finalized, the deal would help diversify Thailand’s LNG supply away from Middle Eastern sources.
Eni locks in 2 mtpa LNG offtake from Indonesia
Eni has secured about 2 million tonnes per annum (mtpa) of LNG from its South Hub and North Hub projects in Indonesia, supplied via the Bontang terminal in East Kalimantan. The additional supply will help Eni reach its target of more than 20 mtpa of contracted LNG supply by 2030.
AG&P takes full control of Cai Mep LNG
AG&P is raising its stake in Vietnam’s Cai Mep LNG terminal to 100%, taking full control of the 3 mtpa terminal as Hai Linh Company divests its interest.
