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Thursday, 16 October 2025

USTR reins back on Chinese LNGC fees

Last Friday. the US Trade Representative's (USTR) office said it would modify certain fees for foreign-built LNGCs and vehicle carriers, ahead of the port fees on Chinese-linked ships coming into effect this…
Thursday, 16 October 2025

Venture Global loses major LNG cargo case

UK energy major, bp, has won an arbitration hearing against Venture Global over the US supplier’s failure to deliver LNG under a long-term contract that was due to start in…
Thursday, 16 October 2025

Legal challenges to Woodside’s North West Shelf extension

Two separate legal challenges have been filed to the Australian Federal Environment Minister’s approval of Woodside’s North West Shelf extension plan, one of the world’s largest LNG projects.
Thursday, 16 October 2025

ARGLNG project’s FID moves closer

Argentina’s President, Javier Milei, met with Eni's CEO, Claudio Descalzi, in Buenos Aires last Friday to discuss the Italian energy company’s projects in the country and possible future initiatives.
Thursday, 16 October 2025

Gato Negro FID next year

Big River Energy, the Houston-based developer of an LNG export plant in Manzanillo, Mexico plans to make a final investment decision (FID) on the project in late 2026.
Thursday, 16 October 2025

FID taken on Port Arthur LNG Phase 2 pipeline

ARM Energy Holdings, a US infrastructure and energy marketing services company, has announced a final investment decision (FID) on its 236 mile, 42-inch Mustang Express Pipeline. 
Thursday, 16 October 2025

Shell’s Venezuela projects gets US approval

The US Government has granted UK energy giant Shell and Trinidad and Tobago authorisation to develop an offshore gas field in Venezuela close to the maritime border, Trinidad's attorney general…
Thursday, 16 October 2025

No single cause led to Bechtel workers’ deaths

Bechtel has revealed that there was no single, isolated cause of an incident, which claimed three of its workers’ lives last April.
Thursday, 02 October 2025

US Energy Secretary warns EU to reduce Russian LNG imports

US Energy Secretary, Chris Wright said in an interview last Thursday that reducing Russia's natural gas sales to Europe is the "most immediate hammer" Washington had to pressure Moscow into…
Thursday, 02 October 2025

India needs to ramp up LNG imports

India will need to import about 120 mill tonnes of LNG per annum by 2030 to raise its natural gas share in its primary energy mix to 15% from the…
Thursday, 02 October 2025

China’s LNG imports decline for 11th consecutive month

According to a Bloomberg report, China’s LNG imports will fall significantly this month, marking a continued trend of reduced purchases - the 11th consecutive month of year-on-year reductions.
Thursday, 02 October 2025

Shell bets on LNG for the future

LNG is set to become the UK energy giant Shell's largest contributor to the energy industry over the next decade in terms of value, CEO Wael Sawan has confirmed.
Thursday, 02 October 2025

Asian prices fall - European prices rise

Asian spot LNG prices fell again last week on lacklustre demand and were expected to remain under pressure, as ample inventories and stronger Chinese gas production limit interest in spot…
Thursday, 02 October 2025

TotalEnergies to increase oil and gas production

French energy group, TotalEnergies has announced plans to increase oil, gas and electricity production, while cutting spending by $7.5 bill between 2026 and 2030.
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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.