LNG Transportation

Analysts and industry executives say that global orders for LNGCs are expected to rebound this year following a slump in 2025, as the growing production of LNG and improved fuel efficiency on vessels will drive demand. The increase in orders offsets concerns that the U.S. - Iran war could reduce shipping demand near-term and?pressure freight rates. According to Poten & Partners & Drewry, since late last year, South Korea and China shipbuilders have received more orders. In the first quarter of this year, 35 new LNGCs were contracted. Drewry data show that, by comparison, 37 LNGCs have been ordered for...

Kalshi, a prediction markets platform, announced on Wednesday that it has launched a 'commodities hub', expanding its offering to include markets related to energy, metals, and agriculture. The launch comes at a time when the commodity markets are being roiled by geopolitical conflicts, such as the U.S./Israeli war against Iran, and the disruptions that followed in the Strait of Hormuz as well as inflation uncertainty. Oil prices have been trading around $100 per barrel and this has contributed to an increase in intrading on commodity-linked markets. Kalshi's expansion has added contracts for natural gas, coffee, sugar, corn and soybeans, wheat...

For now, the war that shut down the Strait of Hormuz is over. Tehran's insistence on acting as the toll booth keeper for the world's critical?oil artery could make energy markets more vulnerable and lead to higher prices. According to U.S. president Donald Trump, the U.S., Iran and Pakistan agreed to a ceasefire on Tuesday, which was mediated by Pakistan. Tehran must halt its blockade against oil and gas through the Strait. According to an Iranian official, the waterway through which a fifth or more of the world's gas and oil flowed prior to the U.S./Israeli war against Iran, it...

According to LSEG data and other sources, Cheniere Energy's Sabine Pass liquefied gas plant in Louisiana has reduced its natural gas flows due to an outage of one of its production units. Sabine Pass is the largest LNG plant in America, and it can process more than 5 billion cubic feet per day. LSEG data shows that it requested only?2.6bn cubic feet a day on Thursday. Two people familiar with Cheniere's operations said that at least one production train is not running as the company does maintenance. The work is expected to be completed by Thursday, and production should begin...

The company announced on Friday that Train 5 of the Corpus Christi Liquefied Natural Gas expansion project, operated by Cheniere Energy, is now at full capacity. Train 5 is a part of the seven-train development that will add 10 million tons of export capacity per year to Corpus Christi LNG in Texas. According to documents from the company, this new unit is expected to increase output by a little under 1.5 million tonnes per year. LNG trains are units that cool natural gas to a super-cooled, liquid form for export. The global LNG supply is currently being hamstrung by Iran's...

In a speech to senior Taiwanese officials on Thursday, the top U.S. diplomatic representative in Taiwan tried to send a "reassuring" message that the U.S. government supports the island in terms of?both strengthening its defences and assuring energy supplies during Iran's?war. Despite the lack of formal diplomatic relations, the 'United States' is Taiwan's largest arms supplier and international supporter. Raymond Greene, speaking at an American Chamber of Commerce dinner in Taiwan with President Lai Ching te and top officials in attendance, said that U.S. obligations under the Taiwan Relations Act, which mandates, among other things arms sales, remained "rock-solid". "Our...

Jack Fusco, CEO of U.S.-based LNG exporter Cheniere Energy, said that the company's Asian customers have asked for more liquefied gas due to the ongoing conflict in the Middle East, which has caused Qatari supplies to be cut. He also stated that the company was already operating at full capacity. Fusco hopes that Cheniere will be able to start commercial operations on its Train?5 expansion in Corpus Christi (Louisiana) by Friday, so as to send more cargoes from Asia. QatarEnergy used to?produce 20% of the world’s LNG. However, its plants were shut down as a result of?the U.S./Israeli war against...

The Iran war's natural gas price shock could accelerate Europe's decoupling with Russian energy while pushing the continent further into U.S. arms. Last week, an Iranian attack forced QatarEnergy to stop production, forcing the second largest liquefied gas exporter in the world. European benchmark gas prices soared by almost 50%. The European benchmark gas prices soared by nearly 50% as a result of the Iranian attack that forced?QatarEnergy, the world's second-largest liquefied natural gas exporter, to halt production last week. Qatar will only supply 4% of the gas imported by the European Union in 2025 according to the European Council....

The U.S. and Israeli war against Iran has caused a sudden and acute disruption in Middle East oil supply, forcing buyers to use every barrel available. This is quickly destroying?forecasts that an oil glut would occur this year. The International Energy Agency predicted in February that the global oil supply will exceed the demand by 3.7 million barrels a day (bpd). This surplus would continue into 2026. One month later, this projection seems redundant. After the near-complete closing of the Strait of Hormuz, nearly 15 million barrels per day of crude oil production and another 4.5 millions barrels per day...

In a filing to the stock exchange on Wednesday, India's largest gas importer, Petronet LNG Ltd. issued a "force majeure" notice to its supplier QatarEnergy and local buyers because its vessels are unable to reach Ras Laffan loading port due to the Middle East crisis. Fuel shipments have been disrupted by the U.S./Iran conflict. The transit through the Strait of Hormuz, between Iran and Oman - which carries one-fifth of the world's oil consumption as well as large amounts of liquefied - natural gas - has come to a near halt after some vessels in the area were hit. In...

Investors are betting that disruptions to Middle East oil supplies will be brief. This optimism, however, may not be justified. The third day of conflict has not yet caused any damage to the oilfields in the region, but the inability of fuel to be shipped out of the Gulf has already put a strain on a global energy system that is tightly interconnected. Each day of disruption increases pressure on both producers and consumers, causing bottlenecks in the Middle East for exporters and a worsening of shortages elsewhere. The oil prices rose by more than 10% on Monday, reaching the...

Cheniere Energy Inc revealed this week that the 'Trump administration gave it a tax credit of $370 million for burning liquefied gas in their massive 'tankers. Critics argued that such a credit was intended for a 'far smaller boat. In financial disclosures, the company announced on Thursday that it won the IRS tax break for alternative fuels. The tax credit was part of a 2005 law signed by George W. Bush that was intended to subsidize a variety of alternative fuels, including those derived from biomass, coal and natural gas. The credit was intended to be claimed only by those...

The long-term contract between Turkey and Iran for the?import of natural gas is due to expire within the next few months. Both countries could discuss a possible extension. However, no?negotiations have yet been initiated, according to the Turkish energy minister. The agreement expiring in July calls for a delivery of 9,6 billion cubic meters of gas per year. However, actual flows are often far below the agreed amount. Turkey imported 7,6 bcm of gas from Iran in 2012, which accounted for 13% total imports. Data from regulators shows that the pipeline's contracted volume was last reached in 2022. According to...

Ship-tracking data on Saturday showed that five vessels loaded with LNG?from Ras Laffan in Qatar are approaching the Strait of Hormuz. The vessels would have been the 'first?to successfully transit LNG cargoes in the waterway after the U.S./Israel war against Iran started on February 28. Iran reopened Friday the Strait of Hormuz, which carried before the war a fifth the world's LNG traffic. This was after a separate ceasefire agreement, brokered by the United States, reached on Thursday between Israel and Lebanon. On Saturday, a convoy of oil tankers crossed the Strait of Hormuz. The data from the analytics firm...

The Iran war ceasefire will bring much-needed relief to the economies that are suffering from the worst energy crisis in history. However, hopes of a quick return to normal oil and natural gas flow out of the Middle East is almost certain misplaced. Donald Trump, U.S. President, agreed on Tuesday to a ceasefire for two weeks, provided that Iran halted its blockade of oil-and-gas shipments through Strait of Hormuz. This 'narrow waterway' is responsible for about one-fifth of the global oil trade. Iran's Abbas Araqchi, the country's Foreign Minister, said Tehran would stop counter-attacks on vessels transiting through the Strait...

LSEG, a financial firm, reported that U.S. exports?of liquefied gas reached a record high in March. This was due to plants running above their nameplate capacity and the addition of new units. The number of shipments to Asia has more than doubled compared to the previous month. This is due to the Middle East conflict that has caused energy markets to be agitated and forced nearly 20% of the global LNG supply to go offline. Customers who depend on cargoes transiting the Strait of Hormuz have been forced to find alternative sources of LNG. The data shows that exports in...

An official of the federal shipping ministry revealed on Tuesday that India was loading liquefied petroleum gas onto its empty ships stranded in the Persian Gulf due to a 'gas shortage' caused by the conflict in the Middle East. The 24 Indian flagged vessels were stranded on the Persian Gulf after shipments from the Gulf were interrupted and the Strait o'Hormuz. Rajesh Kumar Sinha said that two ships, Shivalik and Nanda, have already arrived in India. Pine Gas?and Jag Vasant will arrive between March 26-27. Sinha stated that one vessel has?exited the dry dock and will be fully loaded with...

The Iran war seems to have a similar impact on oil and gas, as missiles, drone attacks and shipping disruptions clog up the Strait of Hormuz. Underneath the surface symmetry, there is a serious imbalance. Gas consumers are more affected by the 'global supply chain' because it has less rerouting and storage options than the oil markets. The construction and repair of key gas infrastructure, liquefaction plant in particular, is more expensive and complex than the equivalent oil infrastructure. Oil refineries are able to resume operation more quickly after a shutdown than export hubs for?liquefied?natural?gas. The prices have shown the...

The Iran war seems to have a similar impact on oil and gas, with missiles, drone attacks and shipping disruptions choking the Strait of Hormuz. Underneath the surface symmetry, there is a serious imbalance. Gas consumers are more affected by the global supply chain because it has fewer rerouting and storage options than the oil markets. Gas infrastructure, liquefaction plant in particular, is more complicated and expensive to build and maintain than oil equivalents. Oil refineries are able to resume operation more quickly after a shutdown than LNG export hubs. Prices have made this imbalance clear: European and Asian benchmarks...

Gas-fired electricity production in Europe reached multi-year-highs early in 2026. This gave liquefied gas (LNG), exporters hope that the region would regain its love for the fuel. Gas consumption has been slowing down in March. The average level of?gas production across major consumers is down by about a third compared to the previous month. At least part of this slowdown is likely due to a sharp increase in regional gas prices following the outbreak of the 'U.S.-Iran War on February 28. The above-normal temperatures in Central and Western Europe has also led to a sharp drop in regional?gas consumption, as...

Three sources said that Shell, the largest LNG trader in the world, declared force majeure for all LNG cargoes purchased from QatarEnergy, and sold to clients around the globe. Qatar, the second largest LNG exporter in the world, declared force majeure last week on LNG shipments and announced a halt to production at its 77-million-ton per annum (mtpa). Shell refused to comment. Two sources confirmed that other Qatari LNG buyers including TotalEnergies, some Asian companies and others have received force majeure notifications from Qatar. These notices state that they will not sell Qatari LNG to their customers as long as...

The U.S./Israeli war with Iran has disrupted Middle East fuel supplies, and affected India's Liquefied natural gas (LNG), which it imports from its key supplier Qatar. As India, the fourth largest LNG consumer in the world, reduces its supply, several?Indian?industries?are?being affected. GAIL (India), the Indian gas marketing company would consider reducing supplies to customers of natural gas after Petronet LNG, its long-term supplier, issued a notice of force majeure due to?vessels limitations. ONGC Petro Additions operates its Dahej?gas?cracker? in western India with a "dramatically" reduced capacity due to falling?supplies of gas and other feedstock. Adani Total Gas has raised prices...

GAIL (India), a long-term natural gas supplier in India, said it would assess whether to reduce supplies after receiving a 'force majeure' notice from Petronet LNG. This was due to 'constraints placed on vessels by the Middle East conflict escalating. India's imports from Qatar of liquefied gas have been affected by the U.S.-Israeli war against Iran. After some vessels were 'hit', the fallout from U.S. and Israeli attacks on Iran has caused the transit of LNG through the Strait of Hormuz. GAIL announced that, as of March '4, the allocation of LNG to GAIL from Petronet has been reduced to...

GAIL (India), a subsidiary of India's GAIL, said it would 'assess' reducing supplies to its natural gas customers after receiving a notice of force majeure from its long-term supplier Petronet LNG due to constraints imposed on vessels resulting from the escalation in conflict in the Middle East. India's imports from Qatar of liquefied gas have been affected by the U.S.-Israeli war against Iran. After some vessels were damaged by the fallout of the U.S. and Israeli?attacks against Iran, the transit of 'oil' and LNG through Strait of Hormuz has been brought to a halt. GAIL announced that, as of March...