LNG

The UK government is rescinding its $1.15 billion financial backing for the Mozambique LNG project, citing increased risks, while the Netherlands withdrew $1.1 billion in insurance support. The decisions deal a blow to TotalEnergies efforts to restart construction on the $20 billion project.

Swiss commodity trading house Gunvor is in talks to buy US upstream acreage – notably Baytex Energy assets in the Eagle Ford shale – in a bid to mend relations with the Trump administration, which had fiercely opposed Gunvor’s earlier bid for Lukoil’s foreign assets.

European gas prices continued to soften in November, with TTF month-ahead prices down by 25% year-on-year to $10.5 per MMBtu as a 15% yoy surge in global LNG supply outstrips demand.

JERA is taking action to stabilise electricity supply during the heavy-load winter season between December and March. One LNG cargo per month will be imported as 'strategic buffer' and Taketoyo plant will be powered by coal, not biomass, as a “provisional measure.”

Japanese largest city gas supplier Tokyo Gas has agreed to procure 1 mtpa of LNG from Venture Global for a 20-year tenure, starting 2030. The deal brings Venture Global’s new long-term commitments signed this year to nearly 8 mtpa, CEO Mike Sabel said in a statement.  

LNG exports from the United States are set to reach a record 10.7 mt in November, solidifying the country's lead over rivals Qatar and Australia. This marks a 40% jump in US exports, according to Kpler data, amid record loadings and a strong pull from European and Asian buyers stockpiling for winter.

LNG remains central to Britain’s energy security though the nation’s gas system faces an “emerging risk” to supply, the National Energy System Operator (NESO) warns. Imported LNG helps cushion the network during winter peaks, but NESO’s latest Gas Security of Supply Assessment urges the government to prepare for potential disruptions.

Osaka Gas seeks to expand its oversees LNG business via US upstream and power plant investments through subsidiary Sabine Oil&Gas, with Texas shale gas production expected to reach 3.8 mt LNG-equivalent this fiscal year.

Global climate finance commitments remain stuck at $100 billion annually – far below the $300 billion target. The widening finance gap and slow coordination on carbon policy translate into a growing role of LNG in Asia’s energy mix, particularly in emerging markets.

WhiteWater has announced an expansion of Eiger Express, adding 1.2 Bcf/d of incremental transport capacity to increase LNG feedgas supply for US Gulf Coast terminals. The mid-2028 in-service date will not be affected by the expansion.