Global LNG demand is increasing

Since the outbreak of the conflict in Ukraine, European and Asian countries more than most have recognized that they must reduce reliance on any one region or country’s supply of energy including natural gas.

Natural gas is both a transition and a destination fuel. Natural gas and LNG are essential for the energy transition as they play an instrumental role in shifting away from coal and moving toward net-zero emissions. As the transition evolves, natural gas will remain vital in providing reliable and efficient energy to support economies in different parts of the world including Australia and all of Asia.

The re-drawing of global energy supply maps is pushing natural gas and LNG demand to new heights and spurring new off-take contracting and other activities and opportunities for companies like Gulf Energy, for example:

• EIG Global Energy Partners' MidOcean Energy said it has entered into definitive agreements to invest in Petroliam Nasional Bhd's (Petronas) Canadian businesses, including by acquiring a stake in the recently fired up LNG Canada. (Rigzone, 3 October 2025)

• Shell-led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) liquefied natural gas processing unit known as Train 2 in Kitimat, British Columbia. (Yahoo News, 3 October 2025)

• Sempra Infrastructure’s Port Arthur LNG Phase 2 project engineering contractor Bechtel Energy Inc. has let a contract to Baker Hughes to supply certain liquefaction equipment for the project, currently under construction in Jefferson County, Texas. (Oil & Gas Journal, 2 October 2025)

• Liquefied natural gas company MidOcean Energy confirmed on Tuesday that it will acquire a 20% interest in Petronas’ Canadian subsidiaries, including a stake in LNG Canada. (Upstream Online, 1 October 2025)

• Abu Dhabi National Oil Co PJSC (ADNOC), through its global investment arm XRG PJSC, has completed the purchase of an 11.7 percent stake in phase I of NextDecade Corp's Rio Grande LNG project in Brownsville, Texas. (Rigzone, 29 September 2025)

• Two recent developments in the LNG shipping sector underscore the accelerating demand for advanced vessel design and specialized fleet management services—key indicators of the offshore energy industry's evolving logistics and infrastructure needs. (Offshore, 27 September 2025)

• France’s energy giant TotalEnergies has secured a multi-year deal to provide liquefied natural gas (LNG) to South Korea’s HD Hyundai Chemical. This boosts the French player’s LNG sales growth. (Offshore Energy, 25 September 2025)

• Woodside signed a preliminary agreement to supply Turkiye's state-owned BOTAS about 5.8 billion cubic meters (204.83 billion cubic feet) gas equivalent liquefied natural gas (LNG) for up to nine years from 2030, mostly from the under-construction Louisiana LNG project. (Rigzone, 25 September 2025)

• Macquarie Group Ltd. aims to boost its liquefied natural gas business by ramping up physical trading, the latest effort by the bank to capture a larger share of the fast-growing market. (Rigzone, 24 September 2025)

• Equinor ASA and its partners have put onstream the Askeladd West field in the Barents Sea, unlocking new feed gas for Hammerfest LNG. (Rigzone, 24 September 2025)

• An application has been filed to boost the liquefaction capacity of a proposed floating liquefied natural gas (FLNG) project near Kitimat in British Columbia, Canada. (Offshore Energy, 23 September 2025)

• Santos Ltd said Monday Darwin LNG's new source field is now producing natural gas and that the liquefaction facility had received reauthorization from Australia's Northern Territory. (Rigzone, 22 September 2025)

• Western LNG, Houston, Tex., in partnership with the Nisga’a Nation and Rockies LNG, could begin construction of the proposed Ksi Lisims LNG export project on Canada’s northwest coast as early as this year. (Oil & Gas Journal, 19 September 2025)

• Exxon Mobil Corp. will pursue fossil fuel growth long into the future to meet demand it says will “not materially change” between now and 2050. (Rigzone, 19 September 2025)

• The European Union is planning measures to accelerate the bloc's phaseout of Russian liquefied natural gas, just days after US President Donald Trump called on the EU to do more to curb Moscow's energy trade. (Rigzone, 19 September 2025)

• U.S. energy infrastructure player New Fortress Energy (NFE) has ironed out the terms of a long-term gas supply contract with the government of Puerto Rico, which will enable it to provide liquefied natural gas (LNG) to the Caribbean nation. (Offshore Energy, 17 September 2025)

• The world needs to spend some $540 billion a year looking for oil and gas to maintain current output by 2050 as the pace of declines in existing fields increases, according to the International Energy Agency. (Rigzone, 16 September 2025)

• Canada cleared a C$10 billion ($7.3 billion) floating facility to export liquefied natural gas off its northwest coast as soon as 2028. (Rigzone, 16 September 2025)

• India's annual liquefied natural gas demand is set to contract in 2025 for the first time in years, as buyers hold out for a surge in production that is expected to push down prices.  The world's fourth-biggest LNG importer bought about 16 million tons of the super-chilled gas in the eight months through August, down 10 percent from a year earlier. (Rigzone, 16 September 2025)

• Ukraine's Naftogaz Group said it has so far received 400 million cubic meters (14.13 billion cubic feet) of liquefied natural gas (LNG) from the United States under an agreement with Poland's ORLEN SA. (Rigzone, 16 September 2025)

• With an environmental assessment certificate now in hand, the Ksi Lisims LNG project, proposed by the Nisga’a Nation, Rockies LNG, and Western LNG, is ready to start obtaining other permits and authorizations to build and operate two floating liquid natural gas structures at Pearse Island in northwestern British Columbia, employing an average of up to 450 workers during construction and having a permanent workforce of up to 250 people. (Offshore Energy, 16 September 2025)

• Woodside has held a groundbreaking ceremony to mark the rapid progress in developing the $17.5 billion Louisiana LNG project, formerly known as Driftwood LNG, in the United States, which is owned by Louisiana LNG Infrastructure (InfraCo), made up of Stonepeak (40% interest) and Louisiana LNG (HoldCo), the holding company operated by the Australian energy giant. (Offshore Energy, 16 September 2025)

• Glenfarne Alaska LNG, LLC said it entered into an agreement with Korea’s POSCO International Corporation to advance a strategic partnership for the development of the Alaska LNG Project. (Rigzone, 15 September 2025)

• Standard Chartered, which claims to have played a pivotal role in closing a $15.1 billion financing for the first phase of Venture Global’s CP2 LNG project, describes the achievement as a milestone transaction that marks the largest standalone project financing ever completed, attracting over $34 billion in commitments from financial institutions worldwide. (Offshore Energy, 15 September 2025)

• Baker Hughes Co has secured a contract from Bechtel Energy Inc to deliver the main liquefaction equipment for the fourth train of NextDecade Corp’s Rio Grande liquefied natural gas (LNG) project located at the Port of Brownsville, Texas. (Rigzone, 15 September 2025)

• Australian federal government approval allows Woodside to operate the Karratha Gas plant beyond 2030, supporting additional natural gas field development with consideration for environmental and cultural preservation. (Oil & Gas Journal, 13 September 2025)

• Australia's first and largest liquefied natural gas plant cleared the final hurdle to operate until 2070, after an almost seven-year process during which operator Woodside Energy Group Ltd. faced opposition from environmentalists and traditional owners concerned about the site’s pollution. (Rigzone, 12 September 2025)

• Eni announced that it and its partners CNPC, ENH, Kogas, and XRG have reached the Final Investment Decision (FID) to develop the Coral North FLNG project, which is located offshore Cabo Delgado, north of Mozambique. (Rigzone, 6 September 2025)

• St. John’s-based Fermeuse Energy Ltd. has unveiled plans for a new $15-billion liquefied natural gas (LNG) project off the coast of Newfoundland, and the company’s CEO says the announcement would never have happened without policy changes introduced by Prime Minister Mark Carney. (The Energy Mix, 5 September 2025)

• NextDecade signs 20-year LNG supply deal with EQT. Under the agreement, EQT will purchase 1.5 million tpy of LNG from NextDecade on a free on board basis at a price indexed to Henry Hub. (Oil & Gas Journal, 5 September 2025)

• US developers are racing to cash in on the nation’s natural-gas export boom while they still can.  The massive US buildout of terminals that process and ship liquefied natural gas, or LNG, has transformed the nation into the world’s top exporter of the fuel. But plants still in development are facing a tight deadline: By 2027, global LNG supply will exceed demand, BloombergNEF estimates. (Rigzone, 5 September 2025)

• Shell Plc is exploring the sale of its interest in the A$34 billion ($22 billion) North West Shelf liquefied natural gas export plant in Western Australia. The gas major is testing the market for possible buyers of its 16.67 percent stake in the project, which could be worth more than $3 billion. (Rigzone, 5 Sepmteber 2025)

• Monkey Island LNG has selected ConocoPhillips’ Optimized Cascade Process liquefaction technology for its planned 26 million tonnes/year (tpy) natural gas liquefaction and export plant in Cameron Parish, La. The 246-acre project site on Monkey Island in Cameron Parish, is positioned with access to deepwater shipping channels and US natural gas supply. (Oil & Gas Journal, 5 September 2025)

• U.S. exports of liquefied natural gas (LNG) reached an all-time high in August as plants exited planned maintenance programs and Venture Global's Plaquemines facility continued to increase output, preliminary data from financial firm LSEG show. (Yahoo Finance, 3 September 2025)

• Taiwan-based engineering, procurement, and construction (EPC) company CTCI said it was awarded a major liquefied natural gas (LNG) terminal-related EPC contract to support state-owned oil company CPC Corporation in building a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal in southern Taiwan. (Rigzone, 2 September 2025)

• The Nigerian National Petroleum Company Limited (NNPC), together with several upstream gas suppliers, signed long-term gas supply agreements (GSAs) with Nigeria Liquefied Natural Gas Limited (NLNG). NNPC said in a media release that the agreements are for the delivery of 1.29 billion standard cubic feet per day of feedgas. (Rigzone, 2 September 2025)

• Commonwealth LNG, a project of Kimmeridge Energy Management Co. LLC in Louisiana, has secured authorization from the Department of Energy (DOE) to export to countries with no free trade agreement (FTA) with the United States. (Rigzone, 1 September 2025)

• EQT Corp. has committed to buying two million metric tons per annum (MMtpa) for 20 years from Sempra’s planned Port Arthur LNG Phase II project in Jefferson County, Texas. (Rigzone, 30 August 2025)

• Glenfarne Group LLC affiliate Texas LNG Brownsville LLC in late July received the final supplemental environmental impact statement (FSEIS) from the US Federal Energy Regulatory Commission (FERC) for the 4-million tpy Texas LNG plant under development in the Port of Brownsville, Tex. (Oil & Gas Journal, 29 August 2025)

• The floating liquefied natural gas (FLNG) unit for the expansion of Congo LNG has departed Shanghai for the Republic of the Congo. Congo LNG Phase II’s floating production unit (FPU), which will treat natural gas for delivery to the FLNG or liquefaction unit, has also been completed and is set to sail to the Central African country in the coming days. (Rigzone, 29 August 2025)

• Technip Energies NV, together with JGC Holding Corp., secured a pair of Front-End Engineering Design (FEED) contracts for the Abadi liquefied natural gas (LNG) project being developed by INPEX Corp. in Indonesia’s Masela Block. (Rigzone, 29 August 2025)

• Seatrium to prepare Golar FLNG vessel for service offshore Argentina. The Hilli Episeyo FLNG vessel, which has operated offshore Cameroon since 2018, will undergo modifications ahead of a 20-year deployment offshore Argentina’s Rio Negro province. (Offshore Magazine, 29 August 2025)

• A tanker with a shipment of liquefied natural gas from a US-sanctioned export facility in Russia has docked at a Chinese terminal for the first time, the latest move by Moscow to expand fuel deliveries into Asia. The Arctic Mulan vessel, which is carrying fuel from the blacklisted Arctic LNG 2 plant in Russia’s north, docked at the Beihai LNG terminal on Thursday. (Rigzone, 28 August 2025)

• Abu Dhabi National Oil Co. PJSC (ADNOC) said Wednesday it had signed an agreement to supply one million metric tons per annum (MMtpa) from the Ruwais LNG project to Indian Oil Corp. Ltd. (Rigzone, 28 August 2025)

• Energy technology company Baker Hughes has secured a long-term equipment supply agreement from BP for its Tangguh LNG plant in Indonesia. The 90-month agreement covers spare parts, repair services, and field service engineering support for critical turbomachinery at the facility including heavy-duty gas turbines, steam turbines, and compressors for three LNG trains. (Gasworld, 27 August 2025)

• The United States Federal Energy Regulatory Commission (FERC) has upheld its approval for Glenfarne Group LLC’s Texas LNG project, acting on a second court remand. FERC also granted Glenfarne’s request to extend the deadline for the start of operations from November 2024 to November 2029. (Rigzone, 26 August 2025)

• AMIGO LNG S.A. de C.V. ("AMIGO LNG"), the Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, today announced the execution of a long-term Sale and Purchase Agreement (SPA) with Macquarie Group ("Macquarie"), a global trading and financial services group. (PR Newswire, 25 August 2025)

• The Doctors for the Environment (Australia) Inc. has failed to convince Australia’s Federal Court to revoke regulators’ approval of the environmental plan (EP) for Woodside Energy Group Ltd.’s Scarborough field development and liquefaction project. (Rigzone, 25 August 2025)

• The Lake Charles LNG project in Louisiana now has until 2031 to dispatch its first cargo, according to an order by the United States Department of Energy (DOE) granting owner Energy Transfer LP’s request to extend the deadline from 2025. (Rigzone, 25 August 2025)

• ConocoPhillips signed a long-term deal for 4 million tpy of LNG from Sempra's Port Arthur LNG Phase 2 development in Texas with the aim of enhancing its long-term energy supply strategy. (Oil & Gas Journal, 22 August 2025)

• Coastal Bend LNG LLC and Solvanic Inc. have kick-started a front-end engineering and design (FEED) study for electrochemically mediated amine regeneration (EMAR) carbon capture at the Coastal Bend liquefied natural gas (LNG) facility. (Rigzone, 20 August 2025)

• Golar LNG Ltd. has reported $75.67 million in operating revenue for the second quarter, up 17 percent from the same three-month period last year. Liquefaction services revenue totaled $56.51 million for 2Q 2025, compared to $56.12 million for 2Q 2024.  Vessel management fees and other revenues doubled to $10.94 million from $5.44 million. (Rigzone, 18 August 2025)

• A surge in U.S. LNG exports is looming, but the source and supply routes for the needed natural gas remain unclear. Cheniere Energy processes around 46 million tonnes per annum (mtpa) across two liquefaction and export facilities on the Gulf Coast: Sabine Pass in Cameron Parish, Louisiana, and Corpus Christi LNG, in the port of Corpus Christi, Texas. Another 14 mtpa of capacity was under construction as of the end of June. (Yahoo Finance, 15 August 2025)

• Amigo LNG SA de CV said it has awarded an engineering, procurement, and construction (EPC) contract for its marine facilities to international marine and port infrastructure contractor Constructora Manzanillo SA de CV (COMSA Marine). (Rigzone, 14 August 2025)

• Venice Energy has signed an agreement to sell its LNG project in South Australia, expected to reach a FID (final investment decision) this year, to AG&P LNG. (Rigzone, 14 August 2025)

• KBR said it was awarded a contract by INPEX Masela Ltd. to provide front-end engineering design (FEED) for onshore liquefied natural gas (LNG) facilities for the Abadi LNG project in Indonesia. The Abadi LNG project, which is planned to have peak production capacity targets of 9.5 million tons per annum of LNG and 150 million standard cubic feet per day of pipeline gas, has been designated a project of national strategic importance by the Indonesian government. (Rigzone, 13 August 2025)

• Cheniere Energy, Inc. subsidiary Cheniere Marketing LLC has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement with JERA Co. Inc. JERA has agreed to purchase approximately 1.0 million metric tons per annum (mtpa) of LNG from Cheniere Marketing on a free-on-board basis from 2029 through 2050. (Rigzone, 12 August 2025)

• Venture Global Inc. has received an amended permit from the Department of Energy (DOE) for increased exports of up to 12 million metric tons per annum (MMtpa) from the operational Calcasieu Pass LNG. (Rigzone, 11 August 2025)

• Fluor Corporation said its joint venture with JGC Corporation has been awarded the contract to update the front-end engineering and design (FEED) for a proposed phase 2 expansion of the LNG Canada facility, located on the traditional territory of the Haisla Nation in Kitimat, British Columbia, Canada. (Rigzone, 6 August 2025)

• The government of British Columbia has signed a new $145 million (CAD 200 million) contribution agreement with the Haisla Nation to support the development of the Cedar LNG facility with renewable electricity. (Rigzone, 4 August 2025)

• State-owned Hindustan Petroleum Corp. Ltd. (HPCL) has signed a heads of agreement with ADNOC Gas PLC for the delivery of 500,000 metric tons a year of liquefied natural gas (LNG) for 10 years to India. (Rigzone, 4 August 2025)

• Uniper and Tourmaline Oil Corp., Canada’s largest producer of natural gas, have finalised an eight-year physical gas agreement for 80 000 million Btu/d beginning in November 2028. The estimated lifetime total volume of the transaction is 234 billion ft3 (which equals approx. 6.6 billion m3). (LNG Industry, 1 August 2025)

• Floating liquefied natural gas (FLNG) terminals are increasingly making their mark on the global LNG market, with projections from Rystad Energy indicating that their capacity could triple by 2030. (Oil & Gas Journal, 30 July 2025)

• Venture Global Inc. on Monday announced a positive FID (final investment decision) and the closing of  $15.1 billion in financing for phase I of the CP2 LNG project and the associated CP Express Pipeline. (Rigzone, 29 July 2025)

• Qatar Gas Transport Co. Ltd. (Nakilat) said Sunday it had launched the first financing package with the Export-Import Bank of Korea (KEXIM) for 25 conventional liquefied natural gas (LNG) carriers commissioned from South Korean shipyards. (Rigzone, 28 July 2025)

• TotalEnergies SE and CMA CGM Group on Wednesday announced an agreement to form a 50-50 venture to supply liquefied natural gas (LNG) fuel at the Port of Rotterdam, the Netherlands. (Rigzone, 24 July 2025)

• Following an expected slowdown in 2025, global natural gas demand growth is forecast to accelerate in 2026, sending total demand to a new all-time high, the International Energy Agency (IEA) said in its latest quarterly Gas Market Report. (Oil & Gas Journal, 23 July 2025)

• Malaysia’s Petroliam Nasional Bhd. (Petronas), through its subsidiary Petronas LNG Sdn. Bhd. (PLSB), has signed a heads of agreement (HoA) with SMJ Energy Sdn. Bhd. that formalizes the terms for SMJ Energy's 25 percent equity participation in PFLNG 3 Sdn. Bhd. (Rigzone, 22 July 2025)

• State-owned GAIL (India) Limited has signed a long-term liquefied natural gas (LNG) sales and purchase agreement with Vitol Asia Pte. Ltd. GAIL said in a media release that the deal for the supply of approximately 1 million tonnes per annum of LNG for 10 years resulted from a binding Term Sheet signed in January 2024. (Rigone, 21 July 2025)

• Eni SpA has signed an agreement to buy two million metric tons per annum (MMtpa) of liquefied natural gas (LNG) for 20 years from Venture Global Inc.’s under-construction CP2 LNG in Cameron Parish, Louisiana. The Italian state-backed energy major expects deliveries, from phase 1 of the project, to begin by 2030. CP2 LNG is expected to start up 2027. (Rigzone, 17 July 2025)

• Equinor Energy AS has agreed to supply natural gas to BASF. The companies signed a 10-year agreement for the supply of about 2 billion cu m/year, representing what the companies call a “substantial share” of BASF’s natural gas needs in Europe. Deliveries will begin Oct. 1, 2025. (Oil & Gas Journal, 16 July 2025)

• Santos Ltd. signed a mid-term LNG supply contract with QatarEnergy Trading LLC (QET). The contract, calls for the supply of about 500,000 tonnes/year (tpy) of LNG over a 2-year period beginning in 2026. The LNG is to be supplied from Santos’ portfolio on a delivered ex-ship basis. (Oil & Gas Journal, 15 July 2025)

• Rystad Energy expects the Middle East region to overtake Asia this year as the world’s second-largest gas producer, behind North America. Gas production in the region has expanded by about 15% since 2020, with producers intent on monetising their gas resources and increasing exports to help satisfy global demand. (Offshore Mag, 15 July 2025)

• The Greater Lafourche Port Commission (GLPC) has acquired a 743-acre tract from the state of Louisiana to expand the site of the proposed Argent LNG project. Argent LNG, which signed a 144-acre lease agreement with Port Fourchon last year, has now secured nearly 900 acres to build a two-phase liquefaction complex with a capacity of about 25 million metric tons per annum (MMtpa). (Rigzone, 14 July 2025)

• ADNOC Gas PLC will supply Germany’s state-owned SEFE Securing Energy for Europe GmbH 700,000 metric tons a year of liquefied natural gas (LNG) for three years starting 2025. Abu Dhabi National Oil Co.’s gas processing and sales arm will source the LNG from the Das Island liquefaction facility, which has a capacity of six million metric tons per annum (MMtpa). The contract is valued about $400 million. (Rigzone, 11 July 2025)

• Four years after terrorist attacks halted a massive liquefied natural gas project in Mozambique, momentum behind $57 billion in facilities that will export the fuel is picking up. TotalEnergies SE and Eni SpA have readied contractors and signed agreements for preliminary work on projects to add capacity. (Rigzone, 11 July 2025)

• Venture Global, Inc. and Securing Energy for Europe GmbH (SEFE) have entered into an agreement under which SEFE’s subsidiary, SEFE Energy GmbH, will purchase an additional 0.75 million metric tons per annum (mtpa) of liquefied natural gas (LNG) from CP2 LNG for 20 years. (Rigzone, 11 July 2025)

• Australia’s Woodside Energy Group Ltd. has signed a memorandum of understanding (MOU) with Hyundai Engineering and Hyundai Glovis covering LNG project development, engineering services and shipping logistics. (Rigzone, 10 July 2025)

• Oil giant Saudi Aramco (2222.SE), opens new tab is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's proposed facility in Cameron, Louisiana, as it seeks to strengthen its position in the market for the superchilled fuel. (Reuters, 10 July 2025)

• Argentina’s Vaca Muerta shale basin holds massive natural gas reserves. The country has multiple LNG export projects underway, including a floating facility (2.5 Mtpa) and planned expansions with Shell, Eni, and others, aiming to export up to 28 Mtpa by 2035. (Oil Price, 10 July 2025)

• Malaysia’s national oil and gas company, which owns a 25 percent stake in LNG Canada, has sent its first cargo from the Kitimat, British Columbia project to Japan. The shipment embarked Monday through the 174,000-cubic-meter (6.14 million cubic feet) Puteri Sejinjang LNG vessel. (Rigzone, 9 July 2025)

• Australia’s oil and gas player Santos has signed a liquefied natural gas (LNG) supply agreement with QatarEnergy’s LNG trading arm, QatarEnergy Trading. The contract entails the delivery of around 0.5 million tonnes per annum (mtpa) of LNG over two years from 2026. The volumes will be supplied from Santos’ portfolio on a delivered ex-ship basis.  (Offshore Energy, 4 July 2025)

• Venture Global Inc. has secured a contract with Petroliam Nasional Bhd. (Petronas) to supply the Malaysian national oil and gas company one million metric tons per annum (Mtpa) of liquefied natural gas (LNG) from its CP2 LNG project in Louisiana. (Rigzone, 4 July 2025)

• ORLEN SA has agreed to deliver an additional 140 million cubic meters (4.94 billion cubic feet) of liquefied natural gas (LNG) from the United States to Ukraine’s Naftogaz Group via Poland. This is the fourth LNG supply contract signed by the state-owned companies this year, bringing Naftogaz’s total contracted gas volumes from ORLEN to 440 million cubic meters. (Rigzone, 3 July 2025)

• Thailand’s Gulf Development Company has signed an engineering, procurement, construction, and commissioning (EPCC) contract with the PEC-CAZ Consortium for the next phase of a liquefied natural gas (LNG) terminal on the eastern coast of the Gulf of Thailand. (Offshore Energy, 2 July 2025)

• LNG Canada has launched the first LNG cargo from the 14-million tonne/year (tpy) plant in Kitimat, BC, Canada. (Oil & Gas, 2 July 2025)

• Russia’s sanctioned Arctic LNG 2 project raised production to record levels during the last days of June as the facility appears to have resumed loading cargoes. Natural gas output at the Novatek PJSC-led facility averaged 14 million cubic meters a day on June 28 and June 29. (Rigzone, 1 July 2025)

• Shell PLC and its LNG Canada partners announced Monday they had dispatched the first cargo from the Kitimat, British Columbia project, saying the milestone introduces Canada as an exporter of liquefied natural gas (LNG). With a capacity of 14 million metric tons per annum (MMtpa) from two trains, the facility targets the Asian market. (Rigzone, 1 July 2025)

• Global gas markets are experiencing heightened volatility as prices spike in response to escalating tensions between Iran and Israel, even though underlying supply and demand fundamentals remain largely unchanged. The latest flare-up, triggered by Israel’s strikes on Iranian sites on 13 June and subsequent retaliatory actions, has reignited concerns over the security of critical shipping lanes, particularly the Strait of Hormuz. (Petroleum Australia, 1 July 2025)

See past activities and opportunities for companies like Gulf Energy below: