LNG News Updates

Shipowners and brokers are demanding more than $200,000 a day for LNG tankers in the Atlantic Basin, roughly double what they were commanding less than a day earlier, according to sources.

The U.S. and Japan unveiled the debut projects of a $550 billion investment fund, pressing ahead with a trade and economic pact in the weeks before Japan’s Prime Minister Sanae Takaichi is set to meet President Donald Trump.

Venture Global won a dispute with Spain’s Repsol involving the sale of liquefied natural gas shipments from its export plant in Louisiana. 

Exports are estimated to have risen 4% from last year to 429 million tons, according to Kpler. The rise was largely driven by projects like LNG Canada and Plaquemines in the U.S. ramping up output.

Billionaire Kelcy Warren’s Energy Transfer suspended development of a Louisiana liquefied natural gas export project to concentrate on building and expanding pipelines. 

Daily earnings to transport crude on key routes have seen the biggest jump this year, up 467%. Freight costs typically dip at year-end due to seasonal weakness in demand.

Electric trucks now outsell LNG models in China, so its demand for fossil fuels could fall, and "in other countries, it might never take off,” according to an analyst.

The spot rate to hire an LNG vessel for delivery from the U.S. to Europe jumped 19% to $98,250 per day, the highest since January 2024. Costs to hire a tanker in the Pacific Ocean also jumped 15%.

Venture Global lost a dispute with BP involving the sale of liquefied natural gas cargoes, a surprise defeat that comes eight weeks after Venture prevailed in a similar fight with Shell.

New Fortress Energy has reached a tentative deal that may allow it to deliver LNG to its terminal in Puerto Rico after it hammered out an agreement with tugboat operators, local media reported.