LNG

UK oil and gas giant, Shell posted stronger than expected first quarter earnings as the Iran war drove up oil and gas prices and boosted trading profits, offsetting conflict-related declines in production.

Excelerate Energy has signed a firm nine-month timecharter with Jordan's National Electric Power Co to deploy the FSRU ‘Excelerate Acadia’ at the country’s Aqaba LNG import terminal.

Major LNGC player Capital Clean Energy Carriers’ (CCEC) first quarter 2026 net income fell to $18.3 mill from $32.7 mill a year earlier, the Marinakis owned company reported.

During the first quarter of 2026, the US largest LNG producer, Cheniere Energy generated revenues of around $5.9 bill, consolidated adjusted EBITDA of about $2.3 bill, distributable cash flow of around $1.7 bill, but reported a net loss of circa $3.5 bill.

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The shipping industry faces a period of increased uncertainty, following the failure to reach agreement on decarbonisation frameworks at a meeting of the International Maritime Organisation (IMO) last week, but this may bolster the outlook for LNG as shippers seek more flexible solutions.

Energy group CNOOC has completed the first refuelling from the Hai Yang Shi You 301, the world’s largest LNG bunkering vessel, at Mawan Port in Shenzhen.

Finnish engine manufacturer Wärtsilä has secured a new contract to supply cargo handling and fuel gas supply systems for four LNG bunkering vessels under construction at Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) in China.

The future of energy transition investment across Europe has come under unprecedented strain following the outbreak of the Hormuz crisis earlier this year, with LNG emerging as a key battleground for regulators.