LNG

LNG Canada, the federal government, and British Columbia have agreed on a process to resolve the remaining “final items” needed to support a potential 2026 financial investment decision on the terminal’s Phase 2 expansion.

Inpex Mirai Upstream has agreed to acquire PetroChina's 10.67% stake in the Browse joint venture, covering the Brecknock, Calliance, and Torosa gas fields, offshore Western Australia. Market observers noted the deal could shift Inpex’s future exports from a China-focused NorthWestShelf pathway to a Japan-focused Ichthys pathway.

Two shipping majors – TMS Cardiff Gas and BW Group and – have placed LNG carrier orders at South Korean shipyards, including the word-first three-tank carrier order. Expansion in the gas carrier segment is driven by rising ton-mile demand as Asian buyers replace curtailed Qatari volumes with cargoes from North America.

ADNOC Logistics & Services has benefitted from higher global shipping rates that offset disruptions to maritime traffic through the Strait of Hormuz. First-quarter attributable profit rose 12% year-on-year to $202.7 million, with 60 percent of the company’s revenue secured under term contracts.

Abu Dhabi's sovereign wealth fund Mubadala Energy has backed Kimmeridge’s $13 billion Commonwealth LNG project in Louisiana with equity financing, enabling the project to reach financial close.

Woodside Energy's Australian LNG production faces disruption as union members voted to strike at the Pluto LNG 2 project, threatening the facility's planned second-half 2026 start-up.

Norway’s Equinor has delivered its first LNG cargo India's Deepak Fertilisers and Petrochemicals Corp. (DFPCL), marking the start of a 15-year supply agreement that will deliver 9.75 million tonnes of LNG to support ammonia and fertilizer production.

Arctic LNG 2 is expanding its tanker fleet to re-route exports to Asia ahead of the EU’s planned 2027 ban on Russian LNG imports. The Novatek-led project is estimated to need up to 40 additional LNG carriers to sustain Arctic LNG 2’s targeted export volumes beyond 2026.

Argentina’s Vaca Muerta shale is drawing investor interest to a 15-block licensing round for blocks suited for LNG feedgas development. The bidding round comes as LNG buyers reassess their portfolio exposure to supplies chains build around the Strait of Hormuz. Disruption or perceived risk to future LNG exports from Qatar and the UAE have increased interest in Atlantic Basin alternatives.

Shell has won a tender to deliver one LNG cargo to Turkey on behalf of Bulgaria’s state-owned gas supplier Bulgargaz, in a move highlighting Sofia’s reliance on LNG to meet seasonal electricity demand.