LNG

The premium of Asian LNG benchmark JKM over Dutch TTF for December 2026 delivery has increased to $1.025/MMBtu, its highest level since May, pricing agency Spark Commodities said. Despite the widening spread, flexible U.S. cargoes for December delivery remain economics-wise directed towards Europe rather than Asia, according to Spark's intraday fair-value curves and arbitrage breakeven. "The JKM-TTF spread would have to increase a further $0.450 in order to open up the US arb to Asia via the Cape of Good Hope," Spark said in market commentary published this morning.

JERA has acquired the entire stake held by Japan Organization for Metals and Energy Security in Pan Pacific Energy (JOGMEC), the company through which JERA holds its interests in Wheatstone LNG project. The transaction raises JERA’s ownership in the Australian LNG export terminal to 50.1%, and strengthens its position in one of its key long-term LNG supply sources.

An International Chamber of Commerce (ICC) arbitration tribunal has ruled that Venture Global breached its LNG sales and purchase agreement (SPA) with Portugal’s Galp by failing to declare commercial operations at its Calcasieu Pass terminal in a timely manner.

Italian energy major Eni and Spanish counterpart Repsol have invited prospective bidders to submit initial expression of interest (EOI) in the Perla floating LNG project in the Gulf of Venezuela. Partners are evaluating a 3.5 mtpa FLNG terminal, linked to the Perla field.

Saudi Arabia’s energy minister Abdulaziz Salman has said the Kingdom is preparing to safeguard oil and gas supplies to be better prepared for future crisis. "Global energy today faces a real test, and we have put plans in place to preserve energy security before crises occur,” he said during the 25th WPC Energy Congress. The conference and trade show, held under the theme "Pathways to an Energy Future for All,” runs from October 11-15 in Riyadh.

Tanzania expects to finalise agreements for its long-delayed $42 billion LNG export project in the coming months, Finance Minister Khamis Mussa Omar said, in the clearest signal yet that the country’s flagship energy development may be nearing completion.

Saudi Arabia’s energy minister Abdulaziz Salman has said the Kingdom is preparing to safeguard oil and gas supplies to be better prepared in the future. "Global energy today faces a real test, and we have put plans in place to preserve energy security before crises occur,” he said during the 25th WPC Energy Congress. The conference and trade show, held under the theme "Pathways to an Energy Future for All,” runs from October 11-15 in Riyadh.

The International Monetary Fund (IMF) has warned that war-driven oil and LNG prices will keep global headline inflation high in 2027, adding to pressure on households, industry and public finances in energy import-dependent economies.

European households and industries face at least another year of high gas prices as inventories sit nearly 15% below normal filling levels for October, leaving the EU dependent on scarce LNG cargoes and facing a costly refill campaign next summer.

Shell Singapore and state terminal operator SLNG have imported and unloaded Singapore’s first internationally certified bio-LNG cargo, expanding expand the city-state’s role as a regional hub for lower-carbon marine fuels.