More of the same with attacks escalating across the region, which now includes the Eastern Mediterranean.
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Due to recent Iranian drone attacks on QatarEnergy’s operating facilities in Qatar’s Ras Laffan Industrial City and Mesaieed Industrial City, QatarEnergy ceased LNG and associated products’ production on Monday, sending European and Asian gas prices soaring.
About 2 mill tonnes of LNG supply from Qatar and the UAE could be blocked on a weekly basis, Drewry Maritime Research said, as a result of a Strait of Hormuz closure.
Global LNG markets are facing significant supply risks, due to last weekend’s Middle East hostilities, financial institution ING’s Head of Commodities Strategy, Warren Patterson has warned.
The US lobby group NRDC (Natural Resources Defense Council) has warned that energy company Sempra’s proposed Vista Pacífico LNG export project in Sinaloa, Mexico carries elevated financial, legal, and reputational risk for investors.
Qatar reads Iran/US tensions through the blunt logic of self-preservation*.
US Secretary of Energy, Chris Wright has agreed an export permit for the 12% expansion project at Cheniere Energy’s Corpus Christi LNG terminal.
US LNG developer, NextDecade Corp has given an update on Rio Grande LNG activities during the fourth quarter of last year and the early first quarter of 2026.
The Japan Bank for International Co-operation (JBIC) has signed two loan agreements amounting to up to around $319 mill and about $94 mill (JBIC portion), respectively, with Mitsui & Co.