LNG

Abu Dhabi National Oil Company’s (ADNOC) is exploring investments in Canada’s upstream and LNG sectors through its affiliate XRG, upstream CEO Musabbeh Al Kaabi said at the at the Global Energy Show in Calgary this week.

Sempra’s Port Arthur Pipeline Louisiana Connector project is now complete and in-service, offering additional gas takeaway capacity for US Gulf Coast LNG export terminals along the US Gulf Coast. Port Arthur LNG Phase 1 is under construction and, when complete, will be able to process and ship up to 13 mtpa of LNG, according to project developers.

Japan’s largest power generator JERA has signed an LNG sales and purchase agreement with Malaysia’s Petronas to secure up to 2 mtpa of supply over 20 years starting in 2028.

Japan’s Inpex is seeking urgent orders from Australia’s Fair Work Commission to block a strike at its Ichthys LNG facilities. The move follows unions' threats to escalate strike actions starting Thursday after wage negotiations failed, raising the risk of disruptions to roughly 10% of Australia’s LNG exports in an already tight market.

A fifth Qatari LNG cargo, aboard the Al Daayen, has transited the Strait of Hormuz bound for China where it is expected to arrive on July 6, ship tracking data shows. Yet the cargo could change destination last minute, mirroring four China-bound US LNG cargoes that were diverted to South Korea and Japan instead.

German utility Uniper has signed a preliminary LNG offtake agreement for 2 mtpa from Canada’s proposed Ksi Lisims project, as developers target an FID on the 12 mtpa floating liquefaction facility by the end of this year.

Adani Ports and Special Economic Zone (APSEZ), India's largest commercial ports operator, has secured a $70 million marine services contract for Argentina’s first floating LNG export project, which will supply LNG to India. Commercial operations for the FLNG facility in San Matías Gulf are expected to begin in September 2027, producing 2.45 million tonnes of LNG annually.

Technip Energies has been awarded an Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) contract for Eni’s Coral Norte floating LNG project offshore Mozambique. Announced as a “major” contract win, the deal is expected to generate more than €1 billion in revenue.

Prolonged LNG price volatility is upending sales and purchase agreements (SPAs) as traders sound alarm over JCC/Henry Hub swings eroding fixed-price economics. Risk-averse buyers increasingly demand take-or-pay flexibility, diversion rights and reopeners to avert margins getting eroded or wiped out.

India’s power-sector LNG buying stays high into June as utilities scramble to offset missing term cargoes. None of India’s 16 GW gas-grid connected powergen capacity received contracted Qatari LNG cargoes in April and May, amid widespread heatwaves. Provisional June data indicate the shortfall persisted, keeping spot procurement at unusually high levels.