In this issue

 

Technip Energies has launched SnapLNG 1.5, a standardized and fully modular 1.5 mtpa liquefaction train, developed with Honeywell Technologies and Siemens Energy. The electrified solution could cut project timelines by…
Nigerian LNG producer NLNG plants to commission and start up its $10 billion Train 7 project before the end of 2027, lifting the project's capacity to 30 mtpa. NLNG plans…
Saipem, in consortium with Belgium’s Jan De Nul, has signed a €11 million (US$12.8m) letter of intent with ExxonMobil for preliminary engineering, procurement and technical services for the offshore scope…
TotalEnergies and Vietnam’s T&T Energy Group have agreed to establish a consortium to finance, build and operate the 1.5 GW Long Son LNG-fired power project in Ho Chi Minh City with…
Thursday, 03 September 2026
Europe looks to be entering the winter season with gas storage at the lowest level for 13 years, according to the UK’s Guardian news outlet in a report.
Qatar’s state-owned QatarEnergy has extended its force majeure on LNG deliveries, as the LNG shipments at the Strait of Hormuz remained blocked, despite increased oil cargo transits.
China's LNG import portfolio is seeing a growing share of Russian LNG, despite weaker-than-expected gas demand growth in the world's largest LNG importer.
Thursday, 03 September 2026
India's LNG demand remains firm, despite high spot prices, but rising gas costs could squeeze margins for downstream players, while the country may see higher LNG prices from this month,…
The US’ largest LNG exporter, Cheniere Energy has substantially completed its Corpus Christi Liquefaction Stage 3 Project (CCL Stage 3) in Texas.
Thursday, 03 September 2026
Brazilian energy major, Petrobras is weighing up the possibility of exporting LNG from its giant offshore fields.
Thursday, 03 September 2026
Technical problems in one of Bangladesh’s two FSRUs on 21st July have had a knock-on effect on various sectors of the country’s economy.
Thursday, 03 September 2026
BG Delta has taken a final investment decision (FID) on the Phase 12a development project in the West Delta Deep Marine (WDDM) gas field concession, located in Egypt's Nile Delta.
Thursday, 03 September 2026
Late last month, Belgian gas carrier player, EXMAR gave an update of its operations in all of the gas sectors during the company’s first half 2026 results presentation.
The Russia-linked Arc7 'Boris Davydov’ was due to arrive at Denmark’s Fayard shipyard for maintenance.

News Nudges

US arbitrage reverses

As of the final week of September, the arbitrage for US LNG cargoes has effectively reversed, favouring deliveries to Europe over northeast Asia. Shippers have to pay record fees for Panama Canal transits, which is encouraging flexible cargoes from the US Gulf Coast to discharge in northwest Europe instead of Asia, shortening average voyage distances and increasing vessel availability in the Atlantic basin. Reduced tonne-mile demand, in turn, puts downward pressure on spot rates as well as forward freight rates. Fourth-quarter LNG freight rates were last seen about $53,000/day, the second-lowest Q4-level on record. The US Gulf to European Continent freight rate at the Baltic Exchange (BLNG2), defined as a delivery from Sabine Pass to the UK-Continent/Isle of Grain, increased from $24,700/day to $32,400/day. By comparison, the BLNG3 rate for US Gulf Coast deliveries to Japan climbed from $51,900/day to $66,000/day as per market close on September 25.