US cargoes rotate to the Pacific as Europe's intake weakens
Europe's LNG intake fell about 16 percent in June, and reporting has placed the decline on lower US deliveries. The vessel record complicates that reading. US terminals loaded 151 cargoes in June, level with the 149 of May and above the 2025 monthly average of 136. Loadings did not fall. What changed was where the gas went.
Vietnam pivots to coal as Hormuz risk undermines LNG plans
Vietnam is relying more heavily on thermal coal as heightened security risks around the Strait of Hormuz adds another layer of risk for a market that is still scaling up its regas infrastructure, while the Ministry of Industry and Traded helped secure coal imports for power generation.
LNG tankers retreat from Hormuz after vessel attacks
Five crude oil and LNG tankers have turned back from attempts to transit the Strait of Hormuz after Iranian attacks on commercial shipping in the area. As tit-for-tat attacks between the US and Iran continue, maritime authorities raised the risk of transiting Hormuz to “severe.”
INPEX to offtake 1 mtpa from ADNOC’s Ruwais project
INPEX, Japan’s largest exploration and production company, has signed a 15-year sales and purchase agreement to offtake 1 mtpa of LNG from ADNOC Ruwais LNG project, further advancing commercialization of the UAE-based liquefaction project.
Shell raises outlook for LNG volumes, flags strong trading
Shell has raised its second-quarter guidance for integrated gas production and LNG liquefaction volumes, while flagging stronger trading performance, as heightened market volatility linked to Middle East tensions supports earnings.
Exxon seeks bidders for Rovuma LNG warranty services
ExxonMobil has invited bidders for marine warranty survey services for the first phase of its Rovuma LNG project in Mozambique, with expressions of interest due July 15 at 14:00 Maputo time.
Svanehøj lands LNG carrier-to-FSRU gauging order
Denmark-based Svanehøj has signed a contract with Drydocks World Dubai to supply LTD gauging systems for the conversion of the LNG carrier LNG Bayelsa into the floating storage unit (FSU) Cap Lopez. Drydocks World Dubai sees strong demand for such conversions amid rising global interest in floating LNG units for flexible gas supply in off-grid regions.
Cape routing held into June, most of it still at sea
The Shafallah loaded at Plaquemines in late June, booked for Świnoujście. It is now in the equatorial Atlantic off Brazil, steering south-east and declared for Incheon in South Korea. The Polish delivery has gone, and a cargo bought for northern Europe is now tracking east for Asia.
LNG feedgas ramp to US Gulf cools Henry Hub summer prices
Henry Hub cash and bal-summer price are set to soften as additional Texas-to-Louisiana pipeline capacity boosts LNG feedgas flows towards the US Gulf Coast, easing oversupply in Texas.
ADNOC sets up combined LNG sales and trading platform
Abu Dhabi National Oil Company (ADNOC) has launched a consolidated LNG marketing, sales and trading platform, targeting 47 mtpa of marketable LNG by 2035, including future volumes from the Ruwais LNG project.
