Anja Karl

Exxon Mobil has signed a preliminary LNG supply agreement with Zululand Energy Terminal (ZET), South Africa's planned first LNG import facility, as the US energy major seeks to grow its global LNG supply to more than 40 mtpa by 2030.

The US-Iran memorandum has been signed by both presidents, ahead of Friday's scheduled ceremony, and commits Iran to clearing Hormuz of mines within 30 days. Yet ADNOC's carriers are holding back: four sit dark off Khor Fakkan, home from earlier delivery runs, even as Qatar's Disha ran the strait in the open just as the deal broke.

Global oil and LNG shocks are likely to abate following a comprehensive US-Iran peace deal, but embedded inflation and second-round effects are just beginning, Fitch Rating warns. Global inflation likely peaked in the second quarter of 2026, analysts said, but knock-on effects from the initial jump in energy prices threaten to keep inflation elevated in several markets.

GTT has received an order from China Chengda Engineering Co. to design three very large onshore LNG storage tanks for PipeChina's Yuedong LNG terminal in Jieyang, Guangdong province.

Trading and reselling Russian LNG will be forbidden for EU-based companies starting from 2027 – regardless if the Russian LNG is destined for the European Union or not, EU Energy Commissioner Dan Jorgensen specified.

Bullishness abounds for LNG prices and winter 2026/27 contracts at Europe's benchmark TTF gas trading hub after US President Donald Trump threatened to impose a US toll on shipments through the Strait of Hormuz. For spot prices, the sell-off after the peace memorandum was short-lived.

PipeChina is gearing up to add a second regasification terminal for cargoes from Russia's sanctioned Arctic LNG 2 project. The newly built Longkou LNG terminal in Shandong province meant to receive shipments before October.

No LNG carriers are at the Ras Laffan berths and no loadings under way, our vessel tracking data shows, and Sunday night's explosion and fire at the Barzan plant points to a slower return to market for the complex than its recent restart signals had implied.

Japan's Mitsui O.S.K. Lines has signed new supply agreements to expand the use of bio-LNG fuel on MOL-operated LNG-fuelled car carriers. Titan, part of Molgas, will supply bio-LNG fuel in Northwest Europe, while Axpo will take charge of supply in the Mediterranean region, where new agreement enables bio-LNG bunkering at Spanish ports including Malaga and Barcelona.

Rising renewable capacity and cheaper batteries are weakening the investment case for LNG import terminals and gas-fired generation, with Ember signalling out China as the clearest example of that shift.