LEAD STORY
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.
Also in this issue
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.
The International Maritime Organization’s (IMO) decision to postpone adoption of its Net-Zero Framework (NZF) has sent ripples through the shipping industry, offering LNG bunkering a temporary boost over rivals but raising deep questions about the sector’s long-term path to decarbonization. Fuelling Editor Malcolm Ramsay has more.
ADNOC: UAE’s energy major. ADNOC has signed a 15-year sales and purchase agreement (SPA) with Shell International Trading Middle East Limited for the delivery of up to 1 mill tons per annum of LNG.
