economics
Asia spot LNG prices edge up on South Korean demand
Asian spot liquefied natural gas prices edged up last week as forecasts for colder weather boosted demand in South Korea, but overall weak buying in China left prices down 34% since the start of 2025.
Five energy market trends to track in 2026, the year of the glut
This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.
Trinity Gas Storage reaches FID on Phase II expansion
The additional capacity is expected to be placed into service on August 1, 2026.
Russia delays LNG output target of 100 MMtpy due to sanctions
Russia's long-term plans to gain a fifth of the global LNG market by 2030–2035, from 8% currently, have been challenged by sanctions imposed over the conflict in Ukraine, including against the new Arctic LNG 2 plant.
Russia's pipeline gas exports to China seen up 25% this year
Russia has re-routed most of its oil to India and China since the start of the war in Ukraine in 2022 as Moscow and Europe - once its main commodity export market and source of revenue - severed ties.
Global LNG: Asia spot prices fall to 20-month low on weak demand
Asian spot liquefied natural gas (LNG) prices slipped to a fresh 20-month low this week, weighed by weak demand in the region and ample supplies.
Asia's imports of U.S. energy drop in 2025 despite Trump trade moves
The decline in imports from the United States is largely driven by China, the world's biggest buyer of commodities, which pulled back on purchases after Trump ramped up tariffs on U.S. imports of Chinese goods, with the current average rate around 47.5%.
Update: Venture Global hits back at Shell's fraud claims in LNG arbitration battle
The legal documents submitted in New York Supreme Court mark the latest development in a prolonged saga over Venture Global's claimed failure to deliver LNG under long-term contracts while selling on the spot market as prices soared after Russia's invasion of Ukraine.
Gazprom delivers first post-sanctions LNG cargo from Portovaya to China
Exports were suspended in February this year following the introduction of the U.S. sanctions over Ukraine to directly disrupt Russia's ability to produce and export LNG and reduce Russia's revenue from LNG exports.
U.S. natural gas prices surge 4% to 35-month high in cold snap
U.S. natural gas futures climbed about 4% to a fresh 35-month high as homes and businesses continued to crank up their heaters to escape a week of extreme cold, while flows to liquefied natural gas (LNG) export plants remained near record highs.
Opinion: U.S. LNG exports will shrink if margin squeeze intensifies
The U.S. became the world's biggest LNG exporter in 2023, surpassing Australia and Qatar. Exports from its eight main LNG terminals hit a record 12 Bm3 in November, a 20% rise from a year earlier.
YPF CEO sees green light for Argentina LNG project with Eni, XRG in mid-2026
Exports from the 12-MMtpy project phase involving Eni and XRG will likely start in 2030 or 2031, or four years from the potential FID in mid-2026.
The European countries most impacted by Russian gas phase-out
To help outline potential grounds for dispute among impacted countries, below is a breakdown of Europe's most gas-dependent nations and key regional gas import trends.
Turkey extends Russian gas imports for a year as it plans U.S. investment
Turkey is Russia's last major natural gas market in Europe after years of war-related Western sanctions on Moscow. It imports a total of 22 Bm3 of gas under the Gazprom contracts that expire at the end of the year, amounting to less than 40% of Turkey's overall gas mix, down from more than 50% in 2018.
Opinion: High and rising natural gas costs may spur fresh climb in U.S. coal use
Between January and March of this year, U.S. gas prices jumped by a third due to a cold snap and strong LNG exports, which in turn sparked higher U.S. coal-fired power generation as utilities cut costs by burning cheaper coal instead of gas.
China's LNG importer crown at risk as high prices cap demand
While China has increased output of domestic natural gas and imports via pipeline from central Asia and Russia, elevated spot prices for LNG that have persisted for much of the year are likely the largest factor in the drop in imports.
Britain withdraws $1.15-B backing from TotalEnergies-led Mozambique LNG
Britain had promised financial support for the $20-B project via UK Export Finance in 2020, shortly before it pledged to stop providing direct government support for overseas fossil fuel projects.
Opinion: Don’t expect Ukraine peace deal to alter Europe’s gas gameplan
The White House is pushing Moscow and Kiev to agree to a plan to end the almost four-year war. If successful, Russian oil and gas might soon begin to trade more openly. But that will likely do little to change Europe's gas landscape.
Russia sees scope for oil exports boost to China, urges cooperation in LNG
China's state energy giant CNPC has a 20% stake in Russia's Yamal LNG plant, while China's Silk Road Fund owns 9.9% in the Novatek-led project.
Data: U.S. LNG export dominance to be tested as sellers look beyond Europe
While U.S. liquefied natural gas exports in 2025 are nearly a third more than those of the next largest exporter, the heavy skew of sales to Europe leaves American LNG vendors at risk of rapid volume downturns as European buyers curb gas use.
Russia's Novatek gives deep discounts to sell sanctioned LNG to Chinese buyers
The purchases have ended the commercial limbo for the $21-B project, which is subject to some of the harshest sanctions the U.S. and Europe have imposed on Russia.
EU funnels fresh money to Ukraine for Naftogaz
Ukrainian gas imports have risen as the war with Russia batters the country's energy system.
Opinion: LNG prices will drop in 2026 to absorb supply surge, but how much?
Global supply of the super-chilled fuel is expected to rise to 475 MM tonnes (t) in 2026, according to data from commodity analysts at Kpler, a 10.2% gain over the 431 MMt forecast for 2025.
Shell challenges arbitration decision on Venture Global LNG supply contracts
Both arbitration cases were over Venture Global's failure to deliver LNG under long-term contracts while selling on the spot market as prices soared after the outbreak of the war in Ukraine.
U.S. urges Europe to stick to oil and gas, not renewables
The U.S. has become Europe's top oil and gas supplier on the back of the U.S. shale boom and its companies are seeking to boost the share as the European Union moves to fully cut off remaining Russian energy imports.
Before greenlighting Lake Charles LNG, Energy Transfer seeks 80% equity selldown
U.S. pipeline operator Energy Transfer will not give its Lake Charles LNG export facility in Louisiana a financial go-ahead until 80% of the project has been sold to equity partners, company executives said on a post-earnings call. Energy Transfer has been developing the 16.5-MMtpy LNG export facil..
Stop sour gas flaring: Advances in H2S treatment drive improved economics
FIG. 1. Gas can be recovered, which makes the wasteful and environmentally damaging practice of flaring unnecessary. Driven by increased global demand for natural gas and liquefied natural gas (LNG), countries across all oil-producing continents are addressing the removal of hydrogen sulfide (H2..
Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies
LNG is in strong demand globally, and suppliers typically stand to earn more by selling cargoes in the spot market than under long-term contracts.
U.S. natgas prices jump 4% to 6-month high as record LNG export flows boost demand
Record output earlier this year allowed energy companies to inject more gas into storage than usual.
Shell flags uncertainty in timing of new global LNG supply
New LNG projects are seeing delays as they face rising construction costs, with U.S. LNG exporters seeking to renegotiate deals to cover higher costs, while some big LNG projects are being delayed due to security concerns, for example in Mozambique.
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Emerson’s new tank monitoring hub optimizes inventory management and operational efficiency
- Mitsubishi to inject $260 MM into Brunei LNG project
- Golden Pass LNG revises EPC contract for Trains 2 and 3
- Freeport LNG export plant in Texas to take in more natgas after unit shut on Monday
