LNG

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The first LNG cargo from Golden Pass terminal in Texas is on its way to Belgium, awaited in Zeebrugge on May 8. The Q‑Max carrier Al Qa’aiyyah is loaded with LNG attributed to QatarEnergy’s Golden Pass equity quota and the cargo is understood to have been bought by Eni.

Australia’s Woodside Energy is struggling to market volumes from its planned Louisiana LNG export project, as its higher liquefaction fees put it at a disadvantage to US rivals.

Cheniere’s move to combine the CEO and chairman roles under Jack Fusco, effective May 14, could accelerate decision-making – though investors remain wary about the concentration of power at the leading US LNG exporter, which has more than 53 mtpa capacity in operation.

Expand Energy has terminated its first-ever offtake agreement with Delphin LNG and replaced it with a larger contract that more than doubles volumes to 1.15 mtpa of LNG per year at Henry Hub-linked pricing – solidifying demand ahead of an imminent financial close on the 13.2 mtpa floating LNG project offshore Louisiana.

US Federal Energy Regulatory Commission (FERC) has waived the mandatory pre-filing requirement for a third phase of Venture Global’s CP2 LNG expansion, signalling regulator’s openness to streamlining brownfield LNG build-outs. CP2 LNG Phase 3 is designed to boost peak liquefaction capacity from 28 mtpa to 35 mtpa.

The U.S. Department of Energy (DOE) and American companies have announced “billions of dollars” of LNG and gas pipeline-related infrastructure investment across Central and Eastern Europe (CEE). The key objective of Trump’s ‘Peace Pipeline Framework’ and the broader ‘Three Seas’ supply corridor is to facilitate more US LNG imports.

Fracking activity is ramping up across the U.S. as producers cater to booming LNG export demand and seek to pre-empt service price spikes. Early movers can reap superior margins. For an average Permian Basin well, a 10% rise in drilling and completion costs for a new well lifts the breakeven price by 7.5% and cuts the lifetime internal rate of return by 40% compared to a well drilled prior to the cost escalation, Rystad Energy finds.

Apollo Global Management, Blackstone and KKR are vying to acquire a substantial for a stake in Shell’s LNG Canada project, in a deal that could be valued at $10–$15 billion. The three asset management firms are the remaining bidder in an auction, run by Shell.

UK energy giant Shell's move to buy one of Canada's largest natural gas producers increases the likelihood that the LNG Canada plant expansion will move ahead. Shell has announced its intention to buy Calgary-based ARC Resources in a deal valued at $22 billion, accounting for the Canadian company's debt.