LNG

ADNOC has taken a $6.2 billion final investment decision on the Umm Shaif Gas Cap project in Abu Dhabi with partners TotalEnergies, Eni and CNPC. The project will unlock more than 600 million standard cubic feet per day of gas and associated liquids by 2030, or nearly 10% of current UAE gas consumption. It also builds on ADNOC’s launch of a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), which is targeting 47mtpa of combined marketable LNG capacity by 2035.

Egypt is close to sealing a multi-year LNG supply deal that could lock in 15 to 18 cargoes a month for at least three years. Reuters calculations put the deal value at $8-11 billion a year, depending on pricing and volume, with final terms still under negotiation.

Japan’s JERA is stepping up its LNG-to-power strategy across Asia, offering term LNG shipments and project finance. For India’s Torrent Power, JERA will deliver four cargoes per year from 2027 to fuel 2,730 MW gas-fired powergen capacity along with some city-gas demand.

Qatar Gas Transport Company, better known as Nakilat, has kept first-half net profit broadly flat at 857 million Qatari Riyals, even as its Marine Services segment was “significantly affected” by the military conflict in the region.

State-owned Pakistan LNG has purchased a cargo for late July delivery at nearly $21.88 per million British thermal units on Monday, its highest price since 2022, Bloomberg reported. In August, Pakistan seeks to buy more cargoes.

JERA Americas is advancing an LNG-fuelled power project on Hawaii, developed at a cost of $1.5 billion for the 500 MW plant plus around $500 million for offshore LNG import terminal.

A tropical depression that could strengthen into Tropical Storm Bertha is increasing the risk of temporary LNG shipping and offshore logistics delays, according to NGI. The system is being monitored closely, with any disruptions hoped to be limited and short-lived.

An oil tanker in the Strait of Hormuz was hit by an unknown projectile, forcing the crew to abandon ship, according to United Kingdom Maritime ‌Trade Operations agency (UKMTO). No LNG carriers or very large very large crude carriers (VLCCs) were seen passing through the strait this week so far, as shipowners take precautions.

India’s Hindustan Petroleum Corp is calling on LNG producers and traders to register interest in supplying spot cargoes and term deliveries. The state-run refiner is understood to look for 1mtpa of LNG under contracts stretching 10-15 years.

Sanctioned Arctic LNG 2 has already despatched more LNG to China this year than in the whole of 2025. LNG Journal's own research shows 24 cargoes totalling 1.49 MMt sailed for China by 16 July on a sailed-date basis, against 17 cargoes and 1.05 MMt across all of last year, a total passed as early as 19 May.