LNG

Eni has taken a final investment decisions (FIDs) for the Gendalo and Gandang gas project (South Hub) and for the Geng North and Gehem fields (North Hub), only 18 months after the approval of the projects of development (PODs).

In a tit-for-tat escalation of the conflict, Israel has attacked Iran’s giant South Pars gas field and in retaliation, Iran has badly damaged Qatar’s large LNG hub at Ras Laffan.

Brazilian oil and gas major, Petrobras has reported a new discovery of gas accumulation in the Copoazu-1 exploratory well, in the GUA-OFF-0 Block, located in deep waters off Colombia.

Gas Malaysia has announced that it has received a formal letter to proceed from the Malaysian Energy Commission (EC) for a large LNG  regasification terminal in Yan, Kedah.

Known as RGT Yan, this project is estimated to have a development cost of between RM2 bill and RM3 bill and will utilise an FSRU.

This development marks a shift for Gas Malaysia, as it moves towards large-scale upstream infrastructure to secure long-term gas supply for the peninsula.

Iran has increased attacks on other Gulf states’ oil installations in retaliation for the death of its security chief and other leading figures in the ruling administration.

Cash strapped US oil and gas developer, New Fortress Energy (NFE) has signed a restructuring support agreement (RSA) with its creditors.

Oslo-based LNGC owner and manager, Flex LNG has won contract extensions for two of its LNGCs.

Flex LNG said it had received notice from the charterer, a super major, of the vessels ‘Flex Resolute’ and ‘Flex Courageous’ of the exercising of the second extension option of 730 days under the original timecharter contracts for the period 1Q27 to 1Q29 for each ship.

The charterer extended the original contracts in 2024, which comprised of three firm years, plus two two-year extension options, by adding a further three firm years for the period 1Q29 to 1Q32.

The Charterer also holds additional extension options of up to seven years per vessel from 2032.

With this announcement, both vessels will be employed on firm contract with the super major until minimum 1Q32, Flex LNG explained.

Following the exercising of these options, the fleet’s firm contract backlog is 53 years and may increase to 74 years if the charterers exercise the extension options.

In addition, the ‘Flex Constellation’ commenced a 15-year timecharter contract this month with a large Asian utility and asset backed LNG trader.

Glenfarne’s $44 bill Alaska LNG project is seeing increased interest from Asian interests, due to the Middle East situation, company executives told Reuters on the sidelines of a Tokyo conference.

The unofficial Ukraine ‘coalition of the willing’ has turned into the ‘coalition of the unwilling’ when it came to helping the US police the Strait of Hormuz.

Global LNG demand is forecast to rise by 54-68% by 2040 and 45-85% by 2050 from 422 mill tonnes in 2025, boosted by growing Asian appetite, UK energy giant Shell said in its 2026 Outlook.