Liquefied Natural Gas
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Latest LNG Stories
China's LNG imports rebound after prolonged slump
China's LNG imports are projected to reach 7.17 million tons by year-end, marking a 13.6% annual increase. This follows a period of 12 consecutive months of declines, with November and December showing import increases. Despite the rebound, annual totals for 2025 are expected to be lower than 2024, with a predicted decline of 12%.
Petronas signs LNG supply agreement with CNOOC
Petronas has signed a liquefied natural gas supply agreement to supply 1 million tonnes per annum to CNOOC Gas and Power Singapore Trading & Marketing. This agreement strengthens the partnership between Petronas and CNOOC and supports China's clean energy goals.
LNG prices forecast to decline as supply surges in 2026
Bernstein analysts predict LNG prices will drop to an average of $9 per mmbtu in 2026 due to a significant increase in supply. Approximately 93 mtpa of new LNG capacity is expected to enter the market between 2025 and 2026, with demand growth primarily driven by Asia. The analysts warn that if the new supply cannot be absorbed, prices could fall toward the marginal cash cost of production, risking shut-ins in North America.
Kosmos Energy updates on Ghana drilling and LNG project progress
Kosmos Energy successfully drilled the J-74 well in Ghana, expected to produce over 10,000 bopd. The company anticipates gross Jubilee production to reach nearly 70,000 bopd by early 2026. Additionally, the GTA LNG project in Mauritania and Senegal is operating at nameplate capacity, with cargo liftings expected to nearly double in 2026.
Energy Transfer suspends Lake Charles LNG plant development
Energy Transfer suspends development of its 16.45 million tonne/year Lake Charles LNG plant to focus on natural gas pipeline projects. The company reallocates capital towards the Desert Southwest expansion, increasing its capacity from 1.5 Bcfd to 2.3 Bcfd.
Woodside signs LNG supply agreement with JERA for winter deliveries
Woodside Energy Trading Singapore Pte Ltd has executed a Sale and Purchase Agreement with JERA Co., Inc. for the supply of three LNG cargoes per year, totaling approximately 0.2 million tonnes, starting in 2027. The LNG will be delivered during Japan's peak winter months, enhancing energy security and supply resilience for JERA. This agreement builds on previous collaborations and reflects Woodside's commitment to reliable energy supply in Asia.
Egypt signs LNG supply deal with QatarEnergy for 24 cargoes
QatarEnergy and the Egyptian government have signed a preliminary deal for at least 24 LNG cargoes this year, worth $35 billion. This agreement aims to diversify Egypt's energy sources amid declining domestic gas production, which peaked in 2021 at 6.6 billion cubic feet daily. Egypt's gas imports from Israel have also increased, accounting for a fifth of total imports.
LNG project approvals expected to slow due to rising costs and supply concerns
LNG developers are anticipated to reduce the pace of project approvals in 2026 following a strong year in 2025. Rising construction costs and concerns over a potential supply glut are key factors influencing this slowdown. Additionally, spot and futures gas and LNG prices, along with exporter netbacks, are being monitored across major regions.
Glenfarne signs 20-year LNG offtake agreement with RWE
Glenfarne's Texas LNG has signed a 20-year Sales and Purchase Agreement with RWE for one million tonnes per year of LNG, equating to approximately 1.4 billion cubic meters of natural gas annually. This agreement finalizes all previously announced Heads of Agreement and supports RWE's LNG supply strategy. Glenfarne is now focusing on financing as it aims for a final investment decision in early 2026.
Spot LNG prices fluctuate in Northeast Asia and Southwest Europe
Spot LNG prices in Northeast Asia decreased by 20¢ to $9.60 per million Btu, while prices in Southwest Europe increased by 40¢ to $9.25/MMBtu. These changes reflect regional demand and supply dynamics.
Venture Global signs 20-year LNG offtake agreement with Tokyo Gas
Tokyo Gas will purchase 1 million tons per year of LNG from Venture Global for 20 years, starting in 2030.
Eni signs long-term LNG agreement with Thailand
Eni has signed a long-term agreement to supply 800,000 tonnes/year of LNG for 10 years to a private power producer in Thailand.
Indian Oil Corp issues tender for LNG cargo delivery in January
Indian Oil Corporation has issued a tender for a liquefied natural gas cargo scheduled for delivery on January 20 at the Dahej terminal. The tender process will conclude on December 9, reflecting India's ongoing energy procurement efforts.
Upstream M&A trends shift towards gas-weighted basins and LNG connectivity
Upstream M&A activity is evolving as high-quality US shale assets become scarce. Buyers are increasingly targeting gas-weighted basins linked to LNG growth, focusing on connectivity to Gulf Coast LNG and existing infrastructure. This shift is reshaping deal structures, with public companies and investors seeking strategic positions in secondary basins like Haynesville and Anadarko.
China LNG prices drop to five-year low amid rising inventories
China's domestic wholesale LNG price fell below 3,500 yuan per ton, the lowest since mid-2021, due to increased inventories and lower heating demand. Mild winter temperatures and a slow economic recovery contributed to the price decline, with terminal operators selling stockpiles at reduced rates.
Petrovietnam signs first LNG term deal with Shell for 400,000 metric tons annually
Petrovietnam Gas has awarded its first term supply contract for LNG to Shell, which will deliver 400,000 metric tons annually from 2027 to 2031. The LNG will be supplied to Vietnam's Thi Vai terminal, primarily for two gas-fired power plants. Vietnam began importing LNG in 2023 and previously relied on spot market purchases.
Delfin Midstream extends LOA with Samsung Heavy Industries for FLNG project
Delfin Midstream extends its Letter of Award with Samsung Heavy Industries and executes a Purchase Order with Siemens Energy for the Delfin LNG project. The company is nearing the Final Investment Decision for the first floating LNG vessel, with manufacturing of key equipment set to begin. The project aims to establish the first offshore LNG export facility in the U.S., with a capacity of up to 13.2 million tonnes of LNG annually.
Glenfarne and Baker Hughes form alliance to advance Alaska LNG Project
Glenfarne Alaska LNG and Baker Hughes announced a strategic alliance to advance the Alaska LNG Project, with Baker Hughes supplying main refrigerant compressors and power generation equipment. The project includes an 807-mile pipeline and an LNG terminal with a capacity of 20 million tonnes per annum. Glenfarne has secured preliminary commercial commitments for 11 MTPA of LNG from buyers in Japan, Korea, Taiwan, and Thailand.
JERA signs long-term LNG deal with Torrent Power in India
Japan's JERA has signed a 10-year LNG supply agreement with India's Torrent Power, providing 270,000 tonnes annually starting in 2027. The deal aims to support India's electricity demand and enhance JERA's LNG portfolio by leveraging seasonal demand differences between Japan and India.
Texas passes key bills on oilfield theft and LNG industry support
Texas has passed legislation addressing oilfield theft, including a new DPS crime prevention unit and increased penalties. Additionally, the state is enhancing its support for the liquefied natural gas industry to maintain its global leadership. Refinements to business courts aim for quicker resolution of commercial disputes.
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