LNG

US LNG developer, Venture Global has signed two firm agreements with TotalEnergies and Vitol for the purchase of additional US LNG. 

India’s Minister for Petroleum and Natural Gas, Hardeep Singh Puri claimed that the country has 60 days of crude oil, 60 days of LNG, and 45 days of LPG reserves available.

Furthermore, he said that panic buying was on the rise in India, due to fear mongering.

He advised that India’s supply was in check, and no dryout has been reported. Puri mentioned that petrol consumption was up by 6%, due to rumours about supply.

On a social media video, he said: “There is no shortage of any petroleum product in the country... India has 60 days of crude oil, 60 days of LNG, and 45 days of LPG reserves available.

“Amid tensions in West Asia, to ensure uninterrupted supply, India has unprecedentedly increased its daily LPG production (from 35,000 tonnes to 54,000 tonnes),” he posted.

Noting that many countries experienced fluctuations in oil prices and availability, India was not affected at all. “Some people tried their best to engage in hoarding and spread rumours, but under the guidance of PM, Narendra Modi, our efforts ensured that there was no shortage of petrol, diesel, or LPG anywhere in the country,” he added.

Woodside Energy’s proposed Browse to North West Shelf (NWS) project represents a significant opportunity to strengthen Australia’s energy security, support the energy transition and deliver long-term economic benefits for Western Australia and the nation, a report has found. 

Relative newcomer, Houston-based Liberty Bay FLNG is finalising plans for a 1.4 mill tonnes per annum FLNG project in either Mexico or Argentina, aiming for startup in late 2029 or early 2030, according to CEO, Deepak Bawa, speaking with Platts.

PETRONAS LNG has signed a 20-year timecharter agreement with affiliate MISC Group (MISC) for five newbuilding 174,000 cu m LNGCs.

This reinforces its long-term LNG supply reliability, while supporting customers’ energy transition towards a lower-carbon future, the Malaysian energy major said.

This followed the conclusion of shipbuilding contracts between MISC and China’s Hudong-Zhonghua Shipbuilding (Group) in January and February, 2026.

The vessels will be constructed in Shanghai with charter commencements expected between 2029 and 2030.

Asian spot LNG prices fell last week, after two weeks of gains, on the prospect of a US/Iran peace agreement and subdued northeast Asia demand.

Excelerate Energy has signed a firm nine-month timecharter with Jordan's National Electric Power Co to deploy the FSRU ’Excelerate Acadia’ at the country’s Aqaba LNG import terminal.

During the first quarter 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.