LNG

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A second Qatar controlled LNGC, the 174,000 cu m Mihzem, sailed from Ras Laffan and was due to arrive at Port Qasim, Pakistan on 12th May, according to LSEG shipping data.

Asian spot LNG prices fell last week, after two weeks of gains, on the prospect of a US/Iran peace agreement and subdued northeast Asia demand.

Long-term demand for LNG shipping contracts is to increase, according to US-based LNG developer NextDecade, due to the escalating situation in the Middle East.

India has officially declined Russia's offer to sell LNG from projects currently under US sanctions, according to Indian media reports.

Relative newcomer, Houston-based Liberty Bay FLNG is finalising plans for a 1.4 mill tonnes per annum FLNG project in either Mexico or Argentina, aiming for startup in late 2029 or early 2030, according to CEO, Deepak Bawa, speaking with Platts.

Europe’s LNG imports from NOVATEK’s Yamal export plant hit a record high in first four months of this year, according to new Kpler data analysis undertaken by German NGO Urgewald.

Norwegian state-owned oil and gas giant, Equinor said it had seen a surge in interest for energy exports from customers as far afield as Australia after the Iran war curbed exports of oil and LNG from the Gulf.

US-based Sempra Energy expects to produce the first LNG from its Energía Costa Azul LNG project in Baja California, Mexico, next month, CEO Jeff Martin said during a first quarter earnings call last week.

Woodside Energy's long-delayed Browse LNG project is now expected to cost A$48.7 bill ($35.2 bill), according to a report commissioned by the company.