LNG

During the first three months of 2026, the US largest LNG producer, Cheniere Energy generated revenues of around $5.9 bill, consolidated adjusted EBITDA of about $2.3 bill, distributable cash flow of around $1.7 bill, but reported a net loss of circa $3.5 bill.

For the week ending 6^th May, 30 vessels left US ports, down five vessels from those reported for the week before.

Their LNG-carrying capacity was 115 bill cu ft, a decrease of 18 bill from the previous week.

Seven vessels each left from Plaquemines and Sabine Pass, five from Corpus Christi, four from Freeport, three from Calcasieu Pass, and two each from Cameron and Cove Point, according to Bloomberg Financial data relayed to the US Energy Information Administration (EIA).

Long-term demand for LNG shipping contracts is expected to increase, according to US-based LNG developer NextDecade, due to the escalating situation in the Middle East.

Norwegian state-owned oil and gas giant, Equinor has seen a surge in interest for energy exports from customers as far afield as Australia after the Iran war curbed exports of oil and LNG from the Gulf, the energy group claimed.

Oslo-based TMC Compressors (TMC) has been contracted by Samsung Heavy Industries (SHI) to supply the marine compressed air system for four LNGCs under constructing for TMS Cardiff Gas.

French engineering company, GTT has received an order from China’s Hudong-Zhonghua Shipbuilding shipyard for the tank design of five new LNGCs under construction for Malaysia’s MISC.

GTT will design the cryogenic tanks of the 174,000 cu m vessels, which will be fitted with the NO96 Super+ membrane containment system developed by the company.

Delivery of the vessels is expected between 2029 and 2030.

The South Korean government is reportedly reviewing a project to build an LNG export terminal in Louisiana.

The South Korean Government's review of Frontier Resources, an affiliate of Indonesia's Sinar Mas Group, pursuit of Hyundai LNG Shipping, was said to be in its final stage.