LNG tankers are diverting toward Asia as buyers scramble for replacement cargoes following supply disruptions tied to the Middle East conflict and halted shipping through the Strait of Hormuz.
India’s GAIL is assessing gas supply reductions after Petronet LNG declared force majeure amid Middle East shipping disruptions that halted LNG cargo movements through the Strait of Hormuz.
Venezuela’s oil exports fell 6.5% in February to around 737,000 bpd as shipments to China plunged sharply, despite increased flows to the U.S. and Europe.
Venture Global has signed a 20-year sales and purchase agreement with Korea’s Hanwha Aerospace for 1.5 MMtpy of U.S. LNG beginning in 2030, expanding its long-term contracted portfolio to more than 46 MMtpy.
Eni is expected to reach a final investment decision next month on $15 billion offshore gas projects in Indonesia’s Kutei Basin, including Geng North and Gendalo-Gendang developments.
Inpex plans to begin EPC bidding for Indonesia’s $21 billion Abadi LNG project, a 9.5 MMtpy development in the Masela block backed by government efforts to accelerate permitting.
Saudi Aramco has sold its first cargoes of Jafurah condensate to U.S. majors and Indian buyers as the $100 billion shale gas project prepares to begin exports.
Turkmenistan’s former president said diversifying gas exports remains a “primary goal,” highlighting progress on the TAPI pipeline to South Asia and renewed support for the Trans-Caspian route to European markets.
Japan will finance a major Texas deepwater crude export terminal and what officials call the largest natural gas-fired power plant in history, marking the first projects under a $36 billion U.S. investment package.
China has not imported U.S. LNG in a year amid renewed trade tensions, yet long-term supply contracts tied to Gulf Coast export terminals continue to move cargoes — largely redirected to Europe — underscoring the flexibility of the global LNG market.
China’s Offshore Oil Engineering and Saipem have secured a $4 billion contract from QatarEnergy LNG to build two offshore compressor platforms in the North Field, advancing Qatar’s massive LNG expansion program.
China has commissioned a new 190-km (118-mile) natural gas pipeline segment in Sichuan, advancing its west–east gas network and strengthening supply links between resource-rich regions and high-demand markets.
China’s LNG imports are expected to rebound in 2026 as global supply growth weighs on prices, but analysts say domestic gas production and pipeline imports will continue to limit how much demand can recover.
Oxford Flow has entered the Japanese market through a new distribution partnership with VENN, focusing on pressure and liquid regulators for gas and water infrastructure projects.
Vietnam has awarded a $974 million EPC contract to build the 1.6-GW Quang Trach II LNG power plant as the country ramps up gas-fired generation to support economic growth and energy security.
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