LNG

Shipments from Canada’s LNG Canada plant surpassed 1 million metric tons in April, marking a new monthly record, according to LSEG data, as the $40 billion facility is ramping toward its full design capacity. All cargoes set sail to Asia, mainly South Korea.

Energía Argentina has awarded a spot LNG cargo to Spain’s Naturgy at tender, with the shipment due to arrive at the Escobar floating storage and regasification unit (FSRU) in the second week of May.

Sempra's Energía Costa Azul (ECA) LNG terminal has received its first feedgas with a view to start LNG production this spring. The Pacific-facing terminal is targeting Asian markets, with offtake by TotalEnergies and Mitsui supporting Phase 1 project economics.

Argentina’s Camuzzi Gas Inversora has signed a memorandum of understanding (MoU) with commodity trading giant, Vitol regarding its LNG del Plata project.

• March-April exports amounted to 21.28MMt • Up by 1.11MMt (6pct) from January-February period • Shipments up by 2.91MMt (16pct) over period year-on-year • Comb. US LNG capacity utilisation at 99pct for the report period 

Period between 1 March 2026 and 30 April 2026, inclusively

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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.