Tokyo Gas to supply LNG to Shizuoka Gas
Japan’s Tokyo Gas and Shizuoka Gas have signed a mid- to long-term contract under which, Tokyo Gas will supply five LNG cargoes annually to the smaller energy company, starting in 2027.
All change at Awilco
Awilco LNG’s CEO, Jon Skule Storheill is to step down with immediate effect by mutual agreement.
In his place, the Board has appointed CFO Per Heiberg as interim CEO, pending the appointment of a successor.
In addition, Awilco’s Board nomination committee will propose that Anders Onarheim be elected Chairman at the forthcoming AGM.
Onarheim has extensive experience in both the maritime industry and the broader energy markets, as well as having spent more than 25 years in the capital markets.
Middle East hostilities - day 70 roundup
EU kept Yamal LNG funded for first four months of 2026
Europe’s Russian Arctic LNG imports from Yamal hit a record high in first four months of this year, according to new analysis of Kpler data undertaken by German NGO Urgewald.
CCEC takes net income hit
Major LNGC player Capital Clean Energy Carriers (CCEC) has reported that its first quarter 2026 net income fell to $18.3 mill from $32.7 mill a year earlier.
Despite loss, Cheniere raises full year guidance
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.
US LNGC sailings drop
For the week ending 6th 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).
Middle East hostilities- day 69 roundup
Twists and turns. Asian shares surged this morning, led by a 5.7% jump in Tokyo’s Nikkei 225 to a record intraday high, as investors looked for signs of a possible US/Iran agreement that could open up the Strait of Hormuz.
Long-term LNG shipping contracts back in favour
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.
Equinor boosted by a surge in oil and gas demand
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.
