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Thursday, 11 June 2026

Inpex seeks to block Ichthys LNG strike

Japan’s Inpex is preparing to seek urgent orders from Australia’s Fair Work Commission to block strike actions at its Ichthys LNG facilities. The move follows threats from workers to escalate…
Thursday, 11 June 2026

Price volatility upends SPAs as buyers demand flexibility

Prolonged LNG price volatility is upending sales and purchase agreements (SPAs) as traders sound alarm over JCC/Henry Hub swings eroding fixed-price economics. Risk-averse buyers increasingly demand take-or-pay flexibility, diversion rights…
Thursday, 11 June 2026

Fifth Qatari cargo exits Hormuz, bound for China

A fifth Qatari LNG cargo, aboard the Al Daayen, has transited the Strait of Hormuz bound for China where it is expected to arrive on July 6, ship tracking data…
Thursday, 11 June 2026

Europe struggles to attract LNG to refill storages

As Asian netbacks for delivered LNG cargoes outbid European prices, buyers are struggling to attract sufficient volumes to offset a looming storage shortfall. An additional 40 cargoes per month would…
Thursday, 11 June 2026

India’s spot LNG purchases surges 300%

India’s power-sector LNG buying stays high into June as utilities scramble to offset missing term cargoes. None of India’s 16 GW gas-grid connected powergen capacity received contracted Qatari LNG cargoes…
Thursday, 11 June 2026

Uniper signs tentative 2 mtpa offtake from Ksi Lisims LNG

German utility Uniper has signed a preliminary LNG offtake agreement for 2 mtpa from Canada’s proposed Ksi Lisims project, as developers target an FID on the 12 mtpa floating liquefaction…
Thursday, 11 June 2026

Asia’s seaborne coal imports up 75 Mt on Qatari LNG squeeze

Suspension of nearly 10.2 mtpa of Qatari LNG supply to Asia is forcing utility buyers to switch to coal, with an additional 150 million tonnes of consumption projected through 2030,…
Thursday, 11 June 2026

ECA LNG Phase 1 starts production

Sempra Infrastructure’s ECA LNG Phase 1 liquefaction project located at Ensenada, Mexico, has started producing LNG, the Sempra subsidiary confirmed. This forms part of the commissioning process before commercial operations…
Thursday, 11 June 2026

Eskom agrees LNG offtake for Richards Bay power project

Eskom has entered an LNG supply agreement with Zululand Energy Terminal (ZET) to underpin its planned 3,000 MW gas-to-power project in Richards Bay, South Africa. The deal will make Eskom…
Thursday, 11 June 2026

TotalEnergies ordered to sell Arctic LNG 2 stake

Russian President Vladimir Putin has issued a presidential decree demanding that French energy giant, TotalEnergies sells a 10% stake in the Arctic LNG 2 project to a company set up…
Thursday, 28 May 2026

Canada’s LNG driven infrastructure boom attracts investors

With LNG Canada and other projects advancing, Canada is entering a broader energy-infrastructure boom rather than a one-off build-out. For upstream companies like Canadian Natural Resources, that shift lifts realized…
Thursday, 28 May 2026

US LNG diverts to Asia as JKM-TTF arbitrage widens

Five US-loaded LNG cargoes have diverted from European or Egyptian destinations into the Pacific Basin in the four weeks through mid-May: the WilPride, SK Audace, Umm Al Houl, Adamastos and…
Thursday, 28 May 2026

Equinor flags EU gas shortfall risk

Equinor said Europe could face a critical gas stock shortfall if disruption to shipping through the Strait of Hormuz lasts one to three months, as low inventories and distorted prices…
Thursday, 28 May 2026

ADNOC LNG cargo exits Hormuz bound for India

An LNG tanker loaded at ADNOC’s Das Island terminal has exited the Strait of Hormuz and is now on route to India, going ‘dark’ when transiting the critical waterway. The…
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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.