LNG

Global LNG supply will surge from 2027, due to major expansions in the US, Qatar and new projects in Algeria and Morocco.

At last month’s United Nations climate talks, South Korea's new Ministry of Climate, Energy and Environment announced plans to close most of the country’s coal-fired power plants by 2040 and to at least halve its carbon emissions by 2035.

More LNG sales and purchase agreements (SPAs) have come to light recently.

Russia has postponed its annual target of 100 mill tonnes LNG production for several years.

Egypt has signed a memorandum of understanding (MoU) with Qatar to strengthen co-operation in the energy sector, particularly in the sales and import of LNG, as well as in other energy areas.

Malaysia’s state-owned energy company, PETRONAS is aiming to reach a final investment decision (FID) on its new gas project in Suriname this year.

Asian spot LNG prices started 2026 on a steady note, as muted regional demand and ample supply kept the market flat following a 34% slump last year.

India’s domestic natural gas consumption is expected to grow by 3-4% year-on-year in FY2027, following a period of near-term moderation in FY2026, according to a report by industry researcher, ICRA, Moody’s Indian affiliate.

Engineering giant Babcock’s LGE business has announced improved performance guarantee and new ecoSMRT® technology.

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