LNG

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October LNG flows jump as Pacific and Atlantic exports accelerate growth amid Middle Eastern output at full capacity

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US LNG developers signal confidence in long-term demand with major capacity announcements. Venture Global seeks to more than double Plaquemines to 58MMtpa, potentially exceeding 100MMtpa total capacity. Golden Pass targets February 2026 first cargo, adding 18MMtpa. Developers remain undeterred by medium-term oversupply concerns, backing multi-billion dollar investments.

Oversupply looms large in global LNG markets commencing from 2026 and intensifying towards 2030, as nearly 200 million tons per annum (mtpa) of new capacity comes online. High-cost projects feel the pinch as Qatari supply from the North Field expansion sets the global benchmark – forcing Shell and Petronas to consider delaying FID on LNG Canada Phase 2 until late 2026, if not 2027; our Markets Editor Anja Karl investigates. 

The industry is building into a potential near-term oversupply. The tolling model's incentive structure makes each deal rational for participants optimising across different time horizons, creating near-term overcapacity that may nonetheless serve long-term energy transition goals, our Market Editor Dr Alexander Wilk writes. 

Global LNG exports grew substantially month-on-month and year-on-year as the winter buying season began, our Market Editor Dr Alexander Wilk reports. 

ECOnnect’s IQuay Regas Terminal has gained traction with two pre-FEED contracts signed recently for thus far undisclosed LNG import projects. 

Emissions intelligence company, Momentick, has teamed up with Sompo Japan Insurance, Sompo Risk Management, and engineering firm JGC Corp to develop a methane detection solution.