In this issue

 

Thursday, 05 February 2026
Global LNG demand will rise faster and last longer than previously anticipated.
Thursday, 05 February 2026
In a look into its crystal ball, shipping consultancy Drewry has given its verdict on the current and future state of the LNG market.
Thursday, 05 February 2026
Citing a supply crunch and Jones Act impact, several US energy companies are importing LNG.
Zeeland Energy Terminal (ZET) developers,VTTI and Höegh Evi have launched an open season.
Türkiye is to double the LNG regasification capacity at its southern Dortyol terminal.
Thursday, 05 February 2026
This year, India's LNG imports could rise to 28 mill-29 mill tonnes, due to strong demand, Petronet LNG’s (PLL) Managing Director and CEO, Akshay Kumar Singh, said at a briefing…
Thursday, 05 February 2026
As the volume of US LNG imported by the EU member states reached around 60% of the total last month, the bloc is to increase its efforts to find other…
China’s LNG import recovery was expected to extend for another month, Kpler reported, resulting in three consecutive months of higher LNG imports year-on-year.
China Merchants Capital Management (CMC) and China Great Bay Area Fund Management (GBAFM) are completing a series of joint ventures with a global financial institution.
French energy major, TotalEnergies has announced the resumption of the Mozambique LNG construction project.
ExxonMobil and QatarEnergy’s export terminal, Golden Pass LNG Train 1, is due to produce its first, startup cargo in early March, 2026, according to the US energy giant’s CEO, Darren…
Tanzania is renewing its efforts to finalise the delayed $42 bill LNG project agreement by mid 2026.
Thursday, 05 February 2026
Paris-based class society and consultancy, Bureau Veritas Marine & Offshore (BV) has opened a Gas Center of Excellence in Doha, Qatar.
In the LNG sector last year, a 25% surge in purchases by European countries was a key highlight.

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.