In this issue

 

Thursday, 20 August 2026

Record US gas output, sub-$3.50 Henry Hub underpin LNG exports

Record US natural gas production and sustained sub-$3.50/MMBtu Henry Hub prices are set to strengthen the economics of both LNG export expansions and new gas-fired power projects, even as global…
Thursday, 20 August 2026

Santos targets Papua LNG FID by year-end despite fall in profits

Santos is targeting a final investment decision on the Papua LNG project in the fourth quarter, the Australian oil and gas producer said when reporting a drop in first-half profits…
Thursday, 20 August 2026

Two Korean shipping companies to merge to form K-LNG

South Korean private equity firm, Hahn & Company is restructuring its two shipping companies to create a large standalone gas carrier company. Around 16 LNGCs will be switched from H…
Thursday, 20 August 2026

Dynagas-linked ships delivered €2.35bn Russian LNG to EU ports

The Greek shipowner Dynagas has shipped 35 percent of all Yamal LNG volumes to European ports, worth an estimated €2.35 billion, after Greece secured an exemption on the EU’s 21st…
Thursday, 20 August 2026

Second Russia-built ice-class LNGC takes Northern Sea Route

A second Russian-build ice-class LNG carrier, the Konstantin Posiet, is heading to Asia via the Northern Sea Route, underscoring Moscow’s push to sustain Arctic LNG exports despite Western sanctions.
Thursday, 20 August 2026

Middle East LNG buyers return to Canada

Middle East buyers are looking to secure Canadian LNG as a hedge mechanism against geopolitical chaos, the President of Singapore-based Pacific Energy, which owns 70 percent of the Woodfibre LNG…
Thursday, 20 August 2026

ONGC explores LNG opportunities with Shell India

India’s Oil and Natural Gas Corp (ONGC) and Shell Energy India have signed a non-binding memorandum of understanding (MoU) to explore joint opportunities in deepwater oil and gas exploration, plus…
Thursday, 20 August 2026

Supply glut pushes LNG majors to tap SSLNG for demand growth

A record wave of LNG capacity coming online by 2030 is shifting the market’s binding constraint from supply to demand, with small-scale LNG (SSLNG) increasingly viewed not just as a…
Thursday, 20 August 2026

Honduras receives first LNG cargo

The first LNG cargo has arrived in Honduras under UK’s Centrica Energy's long-term sale and purchase Agreement (SPA) with local energy company, Exodus. This marked the operational start of a…
Thursday, 20 August 2026

YPF files application to for $51bn Argentina LNG project

Argentina’s state-controlled YPF, together with partners Eni and XRG, has submitted an application to enrol the Argentina LNG project in the country’s Large Investment Incentive Regime (RIGI). The $51 billion…
Thursday, 20 August 2026

McDermott wins LoI for Rovuma project

McDermott Energy Solutions (UK) Limited, a subsidiary of US offshore engineering giant, McDermott was awarded a letter of intent (LoI) by ExxonMobil Moçambique Limitada, on behalf of the Area 4…
Thursday, 06 August 2026

Two GasLog LNGCs and an FSRU struck by projectiles

Before the latest incidents, on 29th July, QatarEnergy sent an LNGC through the Strait of Hormuz, which at the time drew speculation that more would follow.
Thursday, 06 August 2026

US LNG exports drop slightly - Italian imports head Europe

US LNG exports fell to 10.48 mill tonnes last month from 10.6 mill tonnes recorded in June, according to preliminary data from financial firm LSEG, Reuters reported.
Thursday, 06 August 2026

EU gas imports need to double

Europe’s gas storage facilities were only around 55% full at the end of July, 2026 – the second-lowest level for this point in time since 2016.
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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.