LNG
Overview
LNG's role as a key feedstock is well established as it helps manage both input costs and carbon emissions. Heavy industrial users' drive to achieve net zero targets has added a new dimension to how and where it is being deployed. Overall, its use is expected to increase and is tipped to become the strongest-growing fossil fuel.
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Latest LNG news
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Turkey may cut spot LNG purchases in 1Q
Turkey may cut spot LNG purchases in 1Q
London, 11 September (Argus) — Turkey's spot LNG imports may halve year-on-year in January-March following the deals signed at the Gastech conference in Milan on 9-10 September. The Turkish energy ministry and Botas signed eight LNG supply agreements on 9-10 September with global firms BP, Shell, Eni, Sefe, Equinor, Cheniere, Jera and Hartree. Although timelines and pricing remain unclear, initial information suggests the new deals could add LNG supply of up to 14.4bn m³ of pipeline gas equivalent Turkey's supply mix in 2026-28. Turkish energy minister Alparslan Bayraktar said yesterday that some deliveries could take place in November or December, but traders believe the bulk the supply will be delivered from early 2026. Demand growth to decide spot LNG needs The pace of Turkey's gas demand growth will partly determine how many spot LNG cargoes will be needed to cover demand. Turkey's gas consumption rose by 21pc on year in the first eight months of 2025 . But some of the increase was down to unusually colder weather than average in the first quarter. Turkey's gas demand increased by 14pc year on year on 1-7 September, according to the latest energy ministry data. And some traders have estimated demand at 60bn m³ in this year as a whole, which implies a more conservative 13pc increase. Assuming that consumption rises by 13pc in the first quarter, and factoring in increased domestic production, elevated Turkmen flows from next year and storage withdrawals flat year on year, Turkey's combined LNG and pipeline gas import needs could reach 21bn m³ in the first quarter. This would be up from 18.9bn m³ in January-March this year, based on regulator EPDK data. LNG accounted for 31pc of Turkey's imports in first-quarter 2024 and 44pc in first-quarter 2025. But LNG might retain a share of around 44pc in first-quarter 2026, especially given uncertainty around the renewal of two Botas agreements with Russia's Gazprom for a combined 21.75bn m³/yr that expire at the end of 2025. This implies 9.24bn m³ of LNG demand, equivalent to 103mn m³/d of sendout. Turkey's five LNG import terminals — three floating storage and regasification units and two land-based — have a combined regasification capacity of 161mn m³/d, according to grid operator Botas. Botas already holds LNG delivery agreements for the full 2026 calendar year with Algeria's Sonatrach and Oman LNG for 5.8bn m³ of pipeline gas equivalent. The new deals could collectively add up to 5bn m³ in 2026, potentially raising total contracted LNG supply to up to 10.8bn m³. And Botas has a 4bn m³/yr agreement with Shell and a 1.6bn m³/yr deal with TotalEnergies starting from January 2027. Despite the Algeria contract expiring in October 2027, Botas could potentially hold roughly 16.4bn m³ of contracted LNG supply that year. In each of 2023 and 2024, 46pc of Turkey's annual LNG imports arrived in the first quarter. Assuming the same distribution next year, Turkey could receive around 5bn m³ of the 10.8bn m³/yr contracted for the full year from Sonatrach, Oman LNG and the eight new deals made this week. This could leave remaining LNG import needs of around 4.24bn m³ in January-March, which translates to roughly 46 spot LNG deliveries based on average delivery sizes of 91mn m³ in the first half of this year. Turkey had received almost double this number of spot cargoes at 78 in the same period of 2024. By Ugur Yildirim Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Durable permit reform key for US gas, LNG industry
Durable permit reform key for US gas, LNG industry
Milan, 11 September (Argus) — The main goal for the US gas and LNG industries under current president Donald Trump's administration is to ensure permitting reforms are durable, industry associations Natural Gas Supply Association (NGSA) and Center for LNG (CLNG) told Argus today. The Trump administration's executive orders have been supportive for the gas industry, but "executive orders can be undone by the next administration", NGSA president Dena Wiggins told Argus at Gastech in Milan. "That's why we're hoping that some of these executive orders can then be underpinned or overlaid by some statutory reforms that will be durable", Wiggins said. Similarly, the LNG industry has "navigated both Republican and Democratic presidents.. meaningful reform would obviously help, but the safeguarding is happening through the courts", said CLNG executive Charles Riedl. Riedl and Wiggins highlighted the example of the US Supreme Court decision in the Seven County Infrastructure Coalition v Eagle County, Colorado, case in May. The court ruled that the National Environmental Policy Act does not require federal agencies to study environmental effects beyond the proximate impacts of proposed projects. It narrows the scope of evaluation for federal agencies and may shorten the timeline needed for project evaluation. Rising tides lift all ships The proposed 20mn t/yr Alaska LNG project, personally championed by president Trump in executive orders and tariff negotiations, is not in direct competition with other planned export terminals on the US Gulf coast, Riedl said. Should the Alaska LNG project proceed, it would place further downward pressure in the near term, but he added that "downward pressure and oversupply is much shorter than what's currently being forecast". Wiggins and Riedl noted optimism on emerging bipartisan support for infrastructure projects in the US. The 628mn ft³/d (6.9bn m³/yr mConstitutional gas pipeline across New York and New Jersey has gained some support from New York Democratic governor Kathy Hochul. The gas supply unreliability in the region is a problem to be resolved, Wiggins said. The bipartisan support for infrastructure buildout has stemmed from the coming power demand boom from data centres, encouraging more "durable" changes, Wiggins added. By Bonnie Lao Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Australia’s Santos, Orica sign initial gas sales deal
Australia’s Santos, Orica sign initial gas sales deal
Sydney, 11 September (Argus) — Australian energy producer Santos has signed a non-binding initial agreement to supply 15 PJ/yr (400mn m³/yr) of gas from its developing Narrabri gas field in New South Wales to Australian chemical producer Orica for 10 years. The two companies will also cooperate on decarbonisation projects, Santos said on 11 September. "Santos is looking to execute foundation contracts as soon as possible to support Narrabri's development once regulatory and native title processes are concluded," its managing director Kevin Gallagher said today. The company's deal with Orica comes a little over a month after it agreed to sell 20PJ/yr of Narrabri gas to French utility Engie for a decade once production begins. It will also collaborate with Engie on decarbonisation projects. But Narrabri's production start date is still up in the air. Santos will likely start producing gas at Narrabri around 2028 or 2029 , depending on when authorities fully approve the project and related pipeline. Australia's Native Title Tribunal approved Narrabri on 20 May. But opponents of the project have appealed its decision . The Federal Court of Australia is set to hear the case in November. Santos also needs to secure a pipeline permit before it can export gas from the field. It aims to secure easement deals with 50-60pc of landholders around the pipeline within the next year to get the licence. Santos is progressing Narrabri as it prepares to be bought out by the UAE-led XRG consortium for $19bn. Several Australian gas producers have raised concerns over the deal, but discussions are ongoing. The deal will need to be approved by Australia's Federal Treasurer. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Australia’s Woodside inks LNG sales deal with Petronas
Australia’s Woodside inks LNG sales deal with Petronas
Sydney, 10 September (Argus) — Australian independent Woodside Energy will sell 1mn t/yr of LNG to Malaysian state-owned energy producer Petronas for 15 years starting from 2028. This would be the Australian oil and gas producer's first long-term Malaysian sales contract. The deal supports Petronas' efforts to enhance energy security in Peninsular Malaysia by integrating upstream gas developments with LNG imports, the two companies said in a joint statement on 10 September. Petronas and Woodside inked an initial agreement related to the deal in mid-June , on the sidelines of the Energy Asia 2025 conference in Kuala Lumpur. Petronas had also announced at the conference it would build an LNG import terminal in Malaysia , with a capacity similar to the country's existing 3.8mn t/yr Melaka and 3.5mn t/yr Pengerang terminals. Woodside is not the only company planning to support Petronas' import ambitions. US energy asset manager Kimmeridge announced a long-term, 1mn t/yr LNG sales agreement with Petronas earlier this year. US developer Venture Global did the same in early July, agreeing to sell the Malaysian firm 1mn t/yr of LNG for 20 years. Petronas also produces gas at its own Malaysian fields. The company's gas output reached 1.64mn b/d of oil equivalent in 2024, up 3.6pc on the year. It also started producing gas at its 75mn ft³/d Bindu gas field in late August. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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