Processing/LNG

The U.S. Department of Energy has approved a 12% increase in LNG exports from Cheniere’s Corpus Christi terminal, authorizing an additional 0.47 billion cubic feet per day and raising total capacity to 4.45 billion cubic feet per day.

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.

TotalEnergies has signed a Letter of Intent to purchase 2 MMtpy from Glenfarne’s Alaska LNG project, advancing commercialization of the 20 MMtpy export facility and 807-mile pipeline system.

Naturgy says nearly $13 billion in Russian LNG purchase commitments could be affected by a potential EU ban starting in 2027, raising questions about long-term supply contracts and force majeure clauses.

Cheniere Energy more than doubled quarterly profit on strong LNG demand, raised its buyback plan above $10 billion and moved closer to completing Corpus Christi Stage 3 as U.S. exports continue climbing.

Shell and METLEN have signed a five-year LNG supply and trading agreement covering 0.5–1.0 Bcm per year for delivery to Greek terminals, supporting Southeast Europe’s energy security.

A decade after its first Lower 48 LNG export cargo, the United States is the world’s top LNG supplier, with liquefaction capacity projected to double to 28.7 billion cubic feet per day by 2029.

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.

U.S. natural gas futures rose to a one-week high as LNG export flows approach record levels and a winter storm lifts Northeast demand, while Permian Waha prices remain negative amid pipeline constraints.

U.S. LNG exports are rising sharply as Europe posts record February imports to refill depleted storage, while weaker spot demand from China helps keep global prices in check.

Energy Transfer has terminated several offtake agreements tied to its suspended 16.45-MMtpy Lake Charles LNG project after failing to reach a final investment decision by contractual deadlines.

Targa Resources topped fourth-quarter expectations as natural gas and NGL volumes climbed, while outlining major Permian processing and pipeline expansions set to drive midstream growth.

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.

Golden Pass LNG in Texas has increased natural gas feed volumes to 300 million cubic feet as the ExxonMobil and QatarEnergy project moves closer to producing its first LNG cargo.

Vitol is backing a proposed $3 billion LNG import and gas-fired power project at South Africa’s Durban Port, positioning the global trader in a market targeting 16 GW of new gas generation.