LNG

Australian LNG output fell 4pct to 76.74mmt in 2025, driven by feedstock depletion at North West Shelf. The arrival of Woodside's Scarborough FPU this week marks a turning point, with first cargo on track for H2 2026. Notably, the facility's processing headroom goes beyond Pluto's immediate needs, potentially positioning it as a future regional hub.

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The United States became the first country to export more than 100 million metric tonnes of LNG in a single calendar year, reaching approximately 111 million tonnes in 2025. The milestone cements American dominance in global LNG trade and sets the stage for further growth in 2026 as new capacity comes online.

The focus of Middle Eastern LNG trade is shifting away from regional resource holders to global portfolio players, regardless whether for imports or exports, writes our Market Editor Dr Alexander Wilk.

Dynamics in global LNG markets are undergoing a sea-change as the negotiating power is tilting from producers to consumers. A flurry of new liquefaction capacity – much of it still seeking long-term buyers – is colliding with an already well-supplied market; our Markets Editor Anja Karl investigates.

Global LNG exports rose modestly month-on-month whilst year-on-year growth remained robust, with the Atlantic Basin maintaining strong expansion and Pacific volumes recovering, our Market Editor Dr Alexander Wilk reports. 

The US remains the world’s largest producer, consumer, and exporter of natural gas and the Federal Government has indicated that natural gas pipelines will be a focus for environmental policy in 2026 and beyond, writes Benjamin Muzi.* 

The global demand for natural gas as an alternative to coal and oil is rising, necessitating increased production of LNG for international trade.*