LNG

Early signs of a recovery in Asian LNG demand are emerging, potentially tightening global balances and creating a European gas upside price risk, Goldman Sachs said in a note late last week.

European countries will import around 80% of their LNG supplies from the US by 2028, a report from the Institute for Energy Economics and Financial Analysis (IEEFA) predicted.

US-based developer, Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has signed a gas sales precedent agreement to supply natural gas produced at Alaska’s North Slope for Alaska LNG project Phase 1 to ConocoPhillips Alaska.

Gas Malaysia has signed a joint development agreement (JDA) with Japan’s Tokyo Gas Co and Netherlands-based VTTI to develop an LNG regasification terminal in Yan, Kedah with an estimated cost of up to RM3 bill.

Iran’s top security body has announced the formation of a new body to manage the Strait of Hormuz.

LNG Canada, and both the Canadian Federal and British Columbia Governments, have agreed on a process to resolve the remaining ‘final items’ needed to support a potential 2026 financial investment decision (FID) on the project’s Phase 2 expansion.

Louisiana lawmakers have unanimously endorsed the proposed Argent LNG export facility at Port Fourchon.

US LNG developer, Venture Global has signed two firm agreements with TotalEnergies and Vitol for the purchase of additional LNG.

Oslo-based LNGC owner, Awilco LNG suffered a net loss of $6.4 mill and loss per share of $0.05 in the first quarter of 2026, a further drop from a loss of $4.4 mill and of $0.03, respectively, in the previous quarter.

Flex LNG has reported first quarter revenue of $80.5 mill, surpassing its forecast of $79.38 mill, while net income reached $19.5 mill or $0.36 per share.