LNG

Shell-led LNG Canada is about to start loading its first cargo at Train 2. Shippers were alerted to have tankers ready starting from early October, people familiar with the matter told Bloomberg, with loading likely to begin before the end of this week.

OLT Offshore LNG Toscana will hold the first auction for Small Scale LNG (SSLNG) service at its FSRU Toscana on October 29, when twelve slots of 7,500 liquid cubic meters will be made available to operators. The slots will be distributed monthly from November 2025 to November 2026.

US LNG outperforms coal in economic terms and carbon intensity when evaluated over its full lifecycle for power generation. Two-thirds of US LNG originates from Haynesville and Northeast basins, where drier gas production with less associated liquids create more favourable emission profiles, Wood Mackenzie finds.

Oil-indexed LNG exporters brace for a squeeze in profit margins as ICE Brent crude oil prices fell to $65 per barrel on October 5, down from $70/bbl at last week’s high, after OPEC announced a production increase on Sunday. Rystad Energy reckons ICE Brent will unlikely to hold above $60-65/bbl in 2026 unless OPEC+ adjusts its sanctions on Russia and Iran severely limits exports.

The value of US-Mexico trade is shifting as Mexico evolves as a conduit for re-exporting American gas to global LNG markets. Though US exports rose 5% the trade value fell more than 30% to $4.2 billion during the first half of 2025, largely due to lower fuel prices.

“Full exports from Arctic LNG 2 would crash the TTF,” Energy Aspects warns, arguing European gas markets would not be able to absorb the wave of additional supply without requiring US LNG shut-ins to balance.

Excelerate has received an award letter from the Iraqi government to develop a floating LNG import terminal. Capital expenditure is sought not to exceed $300 million, officials close to the project indicated.

Baker Hughes has secured a contract from Bechtel Energy to supply liquefaction equipment for Phase 2 of Sempra’s Port Arthur LNG project in Jefferson County, Texas. The new equipment supports a nameplate capacity of 13 mtpa.

Spot gas prices at Canada’s AECO hub in Alberta have plunged recently turned negative as production overruns collide with technical issues at the country’s first LNG export facility. Train 1 at LNG Canada struggles to scale up operation, creating a gas supply overhang in British Columbia.

The New Zealand Government will launch the registration of interest (ROI) phase for LNG import facility services on October 6, in the face of fuel shortages due to rapidly declining domestic gas reserves. The actual tender will be managed separately.