LNG

On Monday, the US military said it would start to escort ships out of the Strait of Hormuz, however, by Tuesday, President Trump had temporarily brought the operation to a halt.

Last week, US Secretary of Energy, Chris Wright joined US officials and American companies at the Three Seas Initiative (3SI) Summit to announce billions of dollars of private capital investment in the Central and Eastern European region.

Asian spot LNG prices rose last week, as efforts to end the Iran war remained at an impasse, while an extended force majeure on Qatari volumes supported prompt markets.

Australia’s Woodside Energy was believed to be having trouble finding buyers for the LNG to be produced at its Louisiana LNG plant, Reuters reported, citing unnamed sources.

Malaysian energy giant, PETRONAS and Japan’s ENEOS Xplora have signed definitive agreements to formalise the latter’s re-entry into Malaysia LNG Tiga (MLNG Tiga) production plant.

The International Group of P&I Clubs (IG) has issued a circular following the 23rd April, 2026, adoption of the EU’s 20th package of restrictive measures against Russia.

Against the backdrop of the Middle East crisis, Polar LNG (Polar Train LNG), a recently formed US Arctic energy infrastructure company, is to develop a nearshore LNG project on Alaska’s North Slope.

Knutsen LNG’s owning company, TS Shipping Invest, stressed that it is committed to a tonnage investment strategy, despite the ongoing Middle East conflict.

Apollo Global Management, Blackstone and KKR are vying to acquire a significant stake in the LNG Canada project from energy major Shell, according to sources talking with Reuters late last week.

South Korea’s large diversified shipowning entity, Pan Ocean’s results have beaten market expectations in the first quarter of this year, helped by strong performance in its LNG and tanker businesses.