LNG

Santos is targeting a final investment decision on the Papua LNG project in the fourth quarter, the Australian oil and gas producer said when reporting a drop in first-half profits following the start-up of its Barossa LNG and Pikka oil projects.

Global gas demand is on course for a 4% fall, with damage to gas processing facilities curbing fertiliser production in the Middle East and high LNG prices accelerating gas-to-coal switching in Asia, the International Energy Agency (IEA) forecasts.

Bangladesh’s state energy company Petrobangla has declined to unload the LNG supplied by Saudi Aramco after the carrier Alhamra, built in 1997, failed to satisfy the technical and safety standards required for unloading at the country’s floating LNG terminal at Moheshkhali. The Liberia-flagged Alhamra is carrying about 61,000 tonnes of LNG.

Soaring LNG prices have propelled up Pakistan power generation cost by 38% year-on-year, analysis by local brokerage Arif Habib Ltd shows. The latest cargo, delivered in late July, was purchased from TotalEnergies $21.88/MMBtu – the highest price Pakistan LNG ever paid for a spot cargo.

ExxonMobil, on behalf of the Rovuma LNG Area 4 partners, has awarded about $1.1 billion in pre-investment contracts for long-lead upstream equipment, a move designed to push the long-delayed Mozambique project toward a final investment decision (FID) later this year.

Europe is regaining some pull in the global LNG market with Kpler tracking six Atlantic Basin cargoes redirected to the bloc, versus two moving away – a sharp reversal from June when 13 cargoes were rerouted from Europe to Asia.

The Greek shipowner Dynagas has shipped 35 percent of all Yamal LNG volumes to European ports between January and July 2026, worth an estimated €2.35 billion, after Greece secured an exemption on the EU’s 21st sanction package for qualifying Russian LNG transport.

A record wave of LNG capacity coming online by 2030 is shifting the market’s binding constraint from supply to demand, with small-scale LNG (SSLNG) increasingly viewed not just as a niche segment but as a demand-creation tool.

Record US natural gas production and sustained sub-$3.50/MMBtu Henry Hub prices are set to strengthen the economics of both LNG export expansions and new gas-fired power projects and, even as global demand tightens.

Two LNG tankers seem to have conducted a ship-to-ship (STS) transfer outside the Strait of Hormuz, as suppliers seek to keep fuel moving from inside the Persian Gulf to global markets.