LNG Shipping

US natural gas prices hit an eight-week high of $2.94/MMBtu driven by strong LNG exports and sustained hot weather

New gas wells in Australia's Gippsland Basin are set to commence production by winter 2027, boosting eastern Australia's gas supply

MacGregor will provide RoRo equipment for two new battery-hybrid LNG ferries for TT-Line, enhancing Baltic Sea cargo capacity

Three LNG cargoes from Qatar and UAE were transferred ship-to-ship outside the Strait of Hormuz for delivery to Asia

Global seaborne LNG trade rebounded significantly in 2025, with volumes rising by 5.8% year-over-year to 431.9 million tons

QatarEnergy has extended force majeure on LNG deliveries to Europe and Asia into November due to Strait of Hormuz disruption.

European natural gas prices surged to their highest since March due to Persian Gulf tensions and British wholesale contract increases

COSCO Shipping has ordered 12 LNG dual-fuel container vessels, each 22,000 TEU, for $2.7 billion with delivery by 2030

Russia has nearly doubled its LNG tanker fleet in less than a year to boost gas exports despite Western sanctions

NYK Line acquired a 50% stake in Avenir LNG from Stolt-Nielsen Gas, establishing a joint venture for LNG and bio-LNG bunkering

Titan Clean Fuels and Sogestran Group have partnered for a new 6,000 cbm LNG bunker vessel to operate in the Western Mediterranean

Disruptions in the Strait of Hormuz are causing tanker freight rates to surge and tightening refined product markets.

WinGD's study highlights LNG retrofits for vessels as the fastest route to financial returns in decarbonization efforts.

Cheniere Energy has completed the third phase of its Texas LNG project, boosting liquefaction capacity to 56 MTPA.

TotalEnergies has finalized its departure from Russia's Arctic LNG 2 project, maintaining a $1.3 billion loan claim

The LNG shipping market continued to experience pressure last week, with Atlantic rates declining due to high vessel availability.

An online auction for the 4,917 DWT oil tanker "LONG MEI" is scheduled for September 16, 2026, on Shipbid.

Europe is drawing in additional LNG volumes due to low storage and the closure of the Strait of Hormuz, driving up gas prices

China's LNG imports from Russia are growing due to discounted Arctic LNG 2 cargoes and improved Russian shipping capacity.

US natural gas prices fell to $2.87/MMBtu, extending a retreat from recent highs due to anticipated supply increases

AFRY will provide technical advisory services for a major 1.5 GW LNG-to-power project in Vietnam, enhancing regional energy infrastructure

Fossil fuel importers faced an estimated $330 billion in additional costs for seaborne crude oil, oil products, and LNG.

A High Court ruling found that an LNG charterparty's bespoke hire formula did not trigger additional payments despite market changes.

Frontline plc announced its best-ever quarterly profit of $659.2 million for the second quarter of 2026

BW LPG announced record profits of US$120 million in Q2 2026, fueled by strong shipping performance and high TCE rates

A new Russian Arc7 LNG carrier has idled off China for two weeks, possibly awaiting repairs after an Arctic LNG 2 delivery.

Chevron is negotiating to expand its oil operations by adding two new fields in Venezuela, according to recent reports.

US natural gas inventories unexpectedly dropped, signaling a potential increase in future demand and influencing market sentiment

PTTEP and Petronas signed 35-year agreements for an offshore gas field in the Malaysia-Thailand Joint Development Area.

DNV's latest outlook prioritizes vessel efficiency for decarbonization, shifting from LNG as a bridging fuel.