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.
At Argus, we expertly provide in-depth and reliable perspectives on the international LNG market. Our clients receive live access to critical data sets and analytics, comprehensive analysis and market-moving industry news. Our LNG service is the product of our market experts, who are based in all of the principal LNG trading hubs around the world.
Companies, trading firms and governments in 160 countries trust our data to support making more intelligent decisions, analysing situations, managing risk, facilitating trading and long-term planning.
Latest LNG news
Browse the latest market moving news on the global LNG industry.
US to lay out tariff demands in coming days: Trump
US to lay out tariff demands in coming days: Trump
London, 4 July (Argus) — The US will lay out its tariff demands on foreign trade partners in the coming days, President Donald Trump said today. From tomorrow, 5 July, Trump will send letters to 10-12 countries a day, with the aim that all countries will be "fully covered" by 9 July, Trump said. That rate will not cover the amount of tariff deals still to be done by the US, which to date has struck three deals — of 10pc with the UK and China and of 20pc with Vietnam. "[The tariffs will] range in value from maybe 60pc or 70pc tariffs to 10pc and 20pc tariffs," Trump said. Countries will start paying them on 1 August, he said. Since 5 April Washington has been charging a 10pc extra tariff on imports — energy commodities and critical minerals are exceptions — from nearly every foreign trade partner, and those rates could go higher after 9 July. Trump has justified those tariffs by citing an economic emergency caused by allegedly unfair trade practices in foreign countries, and his administration is engaged in talks with foreign governments with the nominal goal of lowering their trade barriers. By Haik Gugarats and Ben Winkley Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Gas integration a center of Mercosur meeting
Gas integration a center of Mercosur meeting
Buenos Aires, 3 July (Argus) — Presidents of Latin America's Southern Cone common market countries focused on integrating their gas markets as part of this week's semi-annual summit in Buenos Aires, Argentina. Integration of power grids is in place, with countries routinely supplying each other with electricity, and leaders pledged to deepen it and add natural gas integration in a joint declaration signed on 3 July. The bloc, known as Mercosur, includes Argentina, Brazil, Paraguay and Uruguay. Bolivia joined in 2024 and has four years to approve all bloc agreements for full membership. A vast pipeline system exists between Argentina, Bolivia and Brazil, and Argentina's government has approved 31 contracts for gas exports to Brazil through Bolivia, the most recent on 26 June between Argentina's Tecpetrol and Brazil's Eneva. Argentinian foreign minister Gerardo Werthein said the countries agreed to promote investment in production and transportation of natural gas. Another step during the Mercosur meeting was an initial agreement signed by Argentina and Paraguay to study the construction of a 1,050km (630-mile) pipeline that would provide it with natural gas and a link to Brazil. Gas would come from Argentina's Vaca Muerta unconventional formation, which holds 308 trillion cf of natural gas reserves. Paraguay president Santiago Pena said his country, Argentina and Brazil have led electricity integration for more than 50 years and "it is now time to think about new sources. The initial agreement for natural gas is an enormous opportunity for real integration." Other top points of discussion included external plans for new trade deals. Argentinian president Javier Milei, in charge of the meeting, called for the bloc to stop using it "as a shield to protect us" and, instead, use it as a lance for greater trade openness with the world. He cited the conclusion of negotiations on 2 July for a trade agreement with the European Free Trade Association (EFTA), which includes Iceland, Lichtenstein, Norway and Switzerland. Milei and Brazilian president Luiz Inacio Lula da Silva — Brazil will take over the rotating Mercosur presidency from Argentina — said Mercosur was confident it would sign a free-trade agreement with the EU by end-2025. Negotiations closed in December 2024. The presidents also cited potential agreements with a growing list of countries, including the UAE. That agreement could be finished in 2025. The bloc wants to work on trade agreements with Canada. Talks began in 2018, but stalled. Da Silva said Brazil's Mercosur presidency would work to restart those talks. Uruguay's president Yamandu Orsi said the bloc should also dust off the idea of a trade agreement with South Korea. Exploratory talks were held in 2017. By Lucien Chauvin Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Australia backs Inpex’s Bonaparte carbon capture scheme
Australia backs Inpex’s Bonaparte carbon capture scheme
Sydney, 3 July (Argus) — Australia's federal Labor government has provided major project status to Japanese firm Inpex's planned 10mn t/yr Bonaparte carbon capture and storage (CCS) project offshore Australia's northern coast. The announcement by Australia's industry minister Tim Ayres reflects the importance of CCS to the nation's net zero aims, Inpex managing director and country chair Tetsu Murayama said on 3 July. The status provides a single entry point for Australian government approvals, project support and co-ordination and assistance with state and territory agencies' regulatory processes. Pre-front end engineering started at the site in April, Inpex said, with initial CO2 injection planned for about 2030. The 9.3mn t/yr Ichthys LNG project based in the nearby city of Darwin is expected to be the first customer. Ichthys reported scope 1 emissions of 6.7mn t CO2 equivalent (CO2e) under Australia's safeguard mechanism in the July 2023 to June 2024 financial year, below its 7.46mn t CO2e baseline and earning 768,900 safeguard mechanism credits (SMCs) as a result. Appraisal works last year identified a high-quality saline aquifer with good prospects for permanent sequestration, Murayama said. Detailed data analysis will be done ahead of any application for a greenhouse gas injection licence. The firm was awarded acreage in the Bonaparte basin in 2022 and reached an initial agreement with Japanese utility Chubu Electric Power for potential CO2 imports in October last year. This followed a May agreement with Japanese power firm Jera to explore a CCS supply chain from Japan to Australia. Japan has limited domestic CCS sites. There are two major CCS projects currently operating in Australia, both of which are onshore: Chevron's 4mn t/yr Gorgon project on Western Australia's Barrow Island and Australian independent Santos' 1.7mn t/yr Moomba facility in South Australia. The technology has been criticised as prolonging fossil fuel usage. But Australia, a major exporter of LNG, has said CCS represents a huge opportunity as the world decarbonises. It passed laws to permit CO2 imports in 2023 in 2023. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Trump's Vietnam trade deal to keep US tariffs
Trump's Vietnam trade deal to keep US tariffs
Washington, 2 July (Argus) — The US will raise its tariff rate on imports from Vietnam to 20pc under a deal concluded today, President Donald Trump said. Vietnam was one of the largest targets of US tariffs imposed under Trump, with a 10pc tax on imports from that country effective since 5 April. The rate could have gone to as high as 69pc under initial plans by Trump. Instead, Trump said via his social media platform Wednesday that US imports from Vietnam would be subject to a 20pc rate, with a separate 40pc rate on products "trans-shipped" through Vietnam. Vietnam's leader, Communist Party general secretary To Lam, confirmed that a trade deal was agreed, without the granular details provided by Trump. "The US will significantly reduce reciprocal tariffs on many imports from Vietnam, and will continue to work with Vietnam to resolve outstanding trade-related issues," Vietnam's government said. The issue of "trans-shipment", to which Trump alluded, refers to allegations by US trade officials that much of Vietnam's shipments to the US include items originally produced in China and relabeled with a new certificate of origin. Trump's administration said in April that Vietnam and other targets of US tariffs could negotiate lower rates if they commit to buying more US energy commodities. Trump on Wednesday did not mention such commitments by Vietnam. "We will be able to sell our product into Vietnam at ZERO Tariff", Trump said. Vietnam said it will give preferential market access for US goods, including SUVs. The trade deal with Vietnam is the third trade agreement Trump has announced since beginning to impose tariffs on major US trade partners. Just like the deals with the UK and China, the latest deal keeps high tariffs in place. Trump said in recent days that a trade deal with India is close to completion. Senior EU trade officials are visiting Washington on Wednesday to put the final touches on a preliminary trade deal. Trump set 9 July as a deadline for foreign countries to negotiate trade deals, or face significantly high tariff rates on their products. US treasury secretary Scott Bessent said that the deadline could be pushed back. But Trump on Tuesday said he had no plans to extend the deadline. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
Explore our LNG products
Real time access to our independent and trusted benchmarks, critical market data and analytics, in-depth analysis, and the latest market news. Argus LNG is relied upon by energy companies, governments, banks, regulators, exchanges and many other organizations as source of reliable and unique insights into the global markets.
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.