LNG / Natural Gas News
Latest lng / natural gas coverage from Oil Authority and industry sources
Oil Authority Analysis96 articles
First Qatar LNG Ship Through Hormuz in Weeks Cannot Offset $20 Billion Annual Ras Laffan Revenue Loss
A first Qatari LNG ship cleared the Strait of Hormuz after three weeks, but Ras Laffan repairs could take five years and cost $20 billion annually.
QatarEnergy Buys 33 US LNG Cargoes to Honor Asian Contracts as Ras Laffan Output Drops to 4 Shipments Weekly
QatarEnergy bought 33 US LNG cargoes in 2026, up from 4 last year, as Ras Laffan war damage costs $20B annually and Venture Global fills Asian supply gaps.
European Gas Hits Three-Year High as Qatar Ras Laffan Drops to 4 LNG Cargoes Weekly on Hormuz Crisis
TTF European gas rose to its highest level since January 2023 as Qatar's Ras Laffan dropped to just 4 LNG cargoes per week, up 37.79% in a month.
Eni and TotalEnergies Sanction Cyprus Cronos Gas Field to Send 2.8 Million Tons of LNG Annually to Europe via Egypt
Eni and TotalEnergies sanctioned Cyprus' first gas project, the Cronos deepwater field, targeting 2.8 MTPA of LNG for European buyers via Egypt by 2028.
Libya Protesters Enter Mellitah Gas Complex, Threatening Greenstream Pipeline to Italy
Libyan protesters entered the Mellitah gas hub, threatening Italy's Greenstream supply of 11 Bcm per year and 17.9 million euros of daily gas flow.
Japan's $33 Billion US Energy Package Links AI Data Centers to Texas VLCC Crude Port and Mitsubishi's Aethon Energy Acquisition
Japan's $33B US energy push covers a gas-and-data-center complex, a Texas VLCC crude port, and Mitsubishi's Aethon buy, backed by JBIC and MUFG.
QatarEnergy LNG Force Majeure Extends Through October as Hormuz Closure Drives Buyers Toward US Supply
QatarEnergy extended LNG force majeure through October while Hormuz stays closed, pushing the US-to-Europe gas price spread to $16.89 per MMBtu.
DOE Issues 20-Year LNG Export Authorization to Argent LNG at Port Fourchon as Ukraine and Bangladesh Sign Buyer MOUs
DOE Order No. 5447 authorizes Argent LNG to export 25 million metric tonnes per year from Port Fourchon, Louisiana, with first cargo targeted for 2030.
TTF European Gas Climbs to EUR 63 Per Megawatt-Hour, Highest Since January 2023, as Iran Strikes Cut Persian Gulf LNG and EU Storage Trails Seasonal Norm
TTF gas hit EUR 63/MWh on July 24, highest since January 2023, as US Iran strikes cut Gulf LNG supply and EU storage trails seasonal norms by 13 points.
Asian LNG Spot Price Hits $21.35 as Qatari Outage Removes 12.8 Million Tonnes and Pakistan Cuts Imports 75 Percent
JKM LNG settled at $21.35/MMBtu Tuesday as 12.8 million tonnes of Qatari capacity stay offline 3-5 years; Pakistan cuts LNG imports 75% and pivots to coal.
European Gas Storage Falls to 53 Percent as TTF Climbs 91 Percent Year-on-Year and Equinor Warns 80 Percent Winter Target Will Be Missed
Equinor warns Europe will miss its 80 percent gas storage target as TTF surges 91 percent year-on-year and US LNG arbitrage hits $17.67 per MMBtu.
ADNOC Greenlights $6.2 Billion Umm Shaif Gas Cap FID with TotalEnergies, Eni and CNPC Targeting 600 MMscfd by 2030
ADNOC approved a $6.2B FID for Umm Shaif Gas Cap offshore Abu Dhabi, with TotalEnergies, Eni and CNPC as partners, targeting 600 MMscfd by 2030.
EQT Tops Q2 Volume Guidance at 634 Bcfe, Raises 2026 Outlook to 2,450 Bcfe and Inks Asian LNG Offtake Deal
EQT's Q2 production hit 634 Bcfe, topping guidance, while a new Asian LNG deal and $6B FCF scenario underscore the Appalachian giant's bet on export markets.
JKM Asian LNG Reaches $20.20 Per MMBtu as Hormuz Blockade Strands Qatar Exports, Widening Henry Hub Spread to $17.35
Asian LNG hit $20.20 per MMBtu as Qatar cargoes halted at Hormuz for a third day lifted the Henry Hub spread to $17.35 per MMBtu for US exporters.
US LNG Exports Reached 18.5 Billion Cubic Feet Per Day in March 2026, Topping EIA Full-Year Forecast of 17.4 Bcf Per Day
US LNG exports averaged 17.9 Bcf/day in April 2026, topping EIA's full-year forecast of 17.4 Bcf/day and pointing to a new supply record this year.
China's Qatar LNG Imports Fall 97.9% in Second Quarter as PetroChina and Sinopec Seek Hormuz-Free Contracts
China's Qatar LNG imports fell 97.9% in Q2 2026. PetroChina and Sinopec are seeking 10-year non-Hormuz contracts. Canada's LNG Canada is a leading option.
EU Gas Storage at 49 Percent Capacity as TTF Hits $19 Per MMBtu and Winter Rebuild Window Narrows
EU gas storage at 49% of capacity, below seasonal norms, as TTF climbs 42% in July to $19.27/MMBtu and QatarEnergy force majeure blocks winter rebuild.
Pakistan Pays $20.70 Per MMBtu for Spot LNG, Highest Since 2022, as QatarEnergy Force Majeure Extends Through August
Pakistan bought emergency spot LNG at $20.70/MMBtu, highest since 2022, as QatarEnergy's force majeure through August leaves Islamabad scrambling.
TotalEnergies Ships First LNG Cargo from Mexico's ECA Plant to Asia, Capturing 52 Percent of Output Under 20-Year Offtake
TotalEnergies shipped the first LNG cargo from its ECA plant in Baja California to Asia, under a 1.7 Mtpa 20-year offtake from Sempra Infrastructure.
EIA Raises Henry Hub to $3.67 for 2026 as Hormuz Crisis Drives TTF-Henry Hub Gap to $14.85 Per MMBtu
EIA raised Henry Hub 2026 to $3.67, spot at $2.94. A $14.85 gap versus TTF hands US LNG exporters $94 billion in gross margin as Qatar halts Hormuz shipments.
Henry Hub Falls to Two-Month Low at $2.88 as Freeport LNG Maintenance Trims US Exports, TTF Surges 3.7 Percent
Henry Hub fell to $2.88, a two-month low, as Freeport LNG maintenance removed US export demand; the Henry Hub-TTF spread widened to $15.57 per MMBtu.
BloombergNEF Delays Global LNG Surplus to 2028 as JKM Surges to $19.50 Per MMBtu and Pakistan Secures Emergency Spot Cargoes
BloombergNEF delayed the global LNG glut to 2028 as Hormuz risks sent JKM to $19.50 per MMBtu. Pakistan is racing to secure emergency spot cargoes.
EU Russian LNG From Yamal Hits Record 9.97 Million Tonnes as Hormuz Crisis Cuts Qatar Flows and TotalEnergies Stake Gains
EU Russian LNG imports from Yamal topped 9.97 million tonnes as Iran's Hormuz closure cut Qatar flows, lifting TTF gas 4.5% to €53.77 per MWh.
Pakistan Seeks Emergency Spot LNG for July as Qatari Cargo Canceled and Ras Laffan Runs at 83 Percent Capacity
Pakistan issued its second emergency LNG tender in two weeks as Hormuz tanker stalls and Qatari cargo cancellations leave South Asia facing a July supply gap.
Qatar Issues First Gulf-State Maritime Suspension, Ras Laffan LNG Frozen as TTF Surges 3.35%
Qatar's first-ever maritime suspension has frozen Ras Laffan LNG. TTF rose 3.35% to EUR 50.43/MWh as the Henry Hub-TTF spread reaches $14.55 per MMBtu.
Sempra Infrastructure and TotalEnergies Ship First LNG Cargo From ECA Phase 1, Opening Pacific Export Route for Permian Basin Gas
Sempra and TotalEnergies shipped the first LNG cargo from Mexico's ECA Phase 1 to Asia on July 9, opening the shortest Pacific route for Permian Basin gas.
ADNOC L&S Orders Four LNG Carriers as UAE Crude Output Hits Record 4.1 Million Bpd in June
ADNOC L&S placed a $900M order for four LNG carriers as UAE crude hit an all-time high of 4.1 million bpd in June 2026, doubling pre-pandemic output.
QatarEnergy Halts Ras Laffan LNG Ramp-Up After Iran Strikes Al Rekayyat Carrier, JKM Reaches $16.58 Per MMBtu
QatarEnergy CEO Saad Al-Kaabi has paused the Ras Laffan LNG ramp-up after Iran struck the Al Rekayyat tanker, pushing Asian JKM spot to $16.58 per MMBtu.
ADNOC Signs 15-Year Ruwais LNG Deal With INPEX and Launches 47 MTPA Trading Platform as Asia Seeks Supply Security
ADNOC secured a 15-year, 1 mtpa LNG deal with Japan's INPEX and launched a unified trading platform targeting 47 mtpa of supply by 2035 from Abu Dhabi.
Freeport LNG Takes 17 MTPA Terminal Offline Through Late August as Henry Hub Extends to Six-Week Low of $2.96
Freeport LNG's 17 MTPA terminal goes offline through late August, stranding 2.3 Bcf/d and driving Henry Hub to a six-week low of $2.96 per MMBtu.
Hormuz Tanker Halt Pushes Asian LNG Spot to $16.07/MMBtu as Pakistan Scrambles for Emergency Cargoes and Henry Hub Drops 6.6 Percent
Asian LNG spot (JKM) holds at $16.07/MMBtu while Hormuz forces Pakistan onto the spot market. Henry Hub dropped 6.6% to $3.00, widening US LNG export margins.
Wood Mackenzie Projects Henry Hub at $5 by 2035 as AI Demand and LNG Exports Squeeze the US Gas Surplus
Wood Mackenzie projects Henry Hub toward $5 per MMBtu by 2035 as AI data centers add 17 Bcfd of demand, even as US LNG exports hit a record 15 Bcfd.
Glenfarne Texas LNG Issues Kiewit LNTP for 4 MTPA Brownsville Terminal, Advancing Toward Final Investment Decision
Texas LNG issued an LNTP to Kiewit Energy on July 2, clearing the way for Brownsville fabrication of 4 MTPA liquefaction modules ahead of FID.
Henry Hub Climbs to $3.25 as Heat Wave Power Demand and Golden Pass Feedgas Pull Tighten US Gas Balance
Henry Hub rose 1.53% to $3.25/MMBtu on July 3 as summer heat wave power demand and Golden Pass Train 1 feedgas pull absorb Haynesville gas supply.
JKM LNG Averaged $17.33 Per mmBtu in June as Japan Gas Generation Fell 16%, Pushing All Asian Buyers to Coal
JKM spot LNG averaged $17.33 per mmBtu in June, 70% above pre-war levels, as Japan's gas generation fell 16% and all Asian buyers shifted to cheaper coal.
BlackRock-Backed Delfin Midstream Takes FID on First US Floating LNG Terminal, Adding 4.4 MTPA by 2030
Delfin Midstream took FID on America's first floating LNG terminal off Louisiana as Wood Mackenzie warns the cheap Henry Hub gas era is ending.
Canada and BC Fast-Track Four LNG Projects Adding 31.4 Million Tonnes of Coastal Export Capacity
Ottawa and BC will fast-track four coastal LNG projects, adding 31.4 million tonnes of Pacific export capacity toward Canada's 100 Mtpa goal.
Henry Hub Falls to $3.16 While TTF Holds at 43.79 EUR per MWh, Pushing the Gross LNG Export Spread to $11.47 per MMBtu
Henry Hub fell to $3.16 while TTF climbed to 43.79 EUR per MWh on July 2, widening the gross US LNG export spread to an estimated $11.47 per MMBtu.
BC Premier Eby Meets PetroChina in Beijing Over LNG Canada Phase 2 Investment Decision as Kitimat Targets 28 MTPA Total Capacity
BC Premier David Eby is in Beijing pitching LNG Canada Phase 2 to PetroChina ahead of a final investment decision worth $28 billion in provincial revenue.
Baker Hughes and Nigeria LNG Seal 13-Year Turbomachinery Deal for Train 7, Lifting Bonny Island to 30 Million Tonnes Per Year
Baker Hughes clinches a 13-year turbomachinery service deal with Nigeria LNG as Train 7 raises Bonny Island's capacity from 22 to 30 million tonnes per year.
TotalEnergies and BP Each Acquire 10% in Abu Dhabi's Bab Gas Cap Concession, Targeting 1.5 Bcf/d
TotalEnergies and BP each secured 10% in Abu Dhabi's Bab Gas Cap, targeting 1.5 Bcf/d and 2.19 trillion cubic feet over a 40-year ADNOC-led concession.
Europe Gas Storage at 46.7 Percent Sits 18 Points Below Seasonal Norm With Ras Laffan LNG Disruption Narrowing the Winter Injection Buffer
EU storage hits 46.7% but sits 18 points below the seasonal norm, with just 5 days of injection buffer before Europe misses its 90% winter target.
Barzan Facility Explosion at Ras Laffan Injures 54 and Derails QatarEnergy LNG Restart as EU Gas Storage Falls to 45.56%
QatarEnergy's LNG restart stalls after a Ras Laffan explosion on June 21 left 54 injured and 18 missing, as EU gas storage sits at just 45.56%.
Equinor Approves $412 Million TWIN Project at Troll Field with Shell, TotalEnergies and ConocoPhillips
Equinor and four partners approved a $412 million TWIN subsea project at Norway's Troll field, adding 11 billion cubic metres with a 2028 first-gas target.
TTF Gas Falls 9% on Iran MOU but Qatar Ras Laffan Damage Cuts 12.8 mtpa of LNG for Five Years
TTF gas fell to EUR41.34/MWh on June 18, down 9% since the Iran MOU, but Qatar's Ras Laffan damage cuts 12.8 mtpa of LNG supply for up to five years.
QatarEnergy Targets 80 Percent Ras Laffan LNG Output Within 60 Days as Shell, TotalEnergies and ExxonMobil Joint Ventures Prepare for Restart
QatarEnergy targets 80% of Ras Laffan LNG capacity within 60 days, recovering $16B in annual revenue as Shell and ExxonMobil JV partners lift force majeure.
Inpex Ichthys LNG Strike Ends After $200 Million Loss as Qatar Prepares Restart and TTF Drops 17% on Hormuz Ceasefire
Inpex's Ichthys LNG in Darwin ended a costly strike June 17 after $200M lost, as Qatar prepares Ras Laffan restart and TTF falls 17% on Hormuz ceasefire.
EIA Raises Henry Hub 2026 Forecast to $3.60 as US LNG Exports Hit 16.6 Bcf Per Day
EIA raised its 2026 Henry Hub forecast to $3.60 per MMBtu, up from $3.50 in May, as US LNG exports hit 16.6 Bcf per day and Asia took 36% of shipments.
Golden Pass LNG Ships First Cargo for QatarEnergy as Hormuz Crisis Tests US-Gulf Supply Strategy
QatarEnergy loaded its first Golden Pass LNG cargo on April 22 as the Hormuz closure peaked, but Train 1 ramp struggles limited the supply hedge.
Fair Work Commission Rejects Inpex Bid to Halt Ichthys LNG Strike, Clearing 400 Workers
Australia's Fair Work Commission denied Inpex's bid to halt an Ichthys LNG strike, clearing 400 workers to block cargoes worth a calculated $188M.