June 25, 2025 : Shell in Early Talks to Acquire BP
Shell in Early Talks to Acquire Rival BP - The Wall Street Journal
Energy Transfer Expands LNG Supply Agreement With Chevron by 1.0 Million Tonnes Per Annum From Lake Charles LNG - Press Release
About one-fifth of global liquefied natural gas trade flows through the Strait of Hormuz - U.S. EIA
Australia mad to sell Santos without gas restructuring - Macrobusiness
Vietnam Seeks Urgent Talks With Russia to Speed Nuclear Energy - Bloomberg
Japanese player lands engineering deal for work on strategic Middle East gas export facility - Upstream Online (Subscription)
Federal judge dismisses legal challenges to Woodfibre LNG's 'floatel' - Canadian Press
Iran-Israel ceasefire holding, Trump envoy says talks with Iran 'promising' - Reuters
China, India shift to higher-grade coal, cut Indonesian imports - Reuters
Govt to procure 1 cargo LNG, 1,05,000 MTs fertiliser - Business Standard
Woodside Completes Sale of 40 Pct in Louisiana LNG to Stonepeak - Rigzone
KARMOL takes delivery of fourth FSRU - LNG Prime (Subscription)
PetroVietnam Power fires up Nhon Trach 4 LNG power plant - LNG Prime (Subscription)
Freeport LNG Requests Additional Time for Train 4 Expansion Project - Natural Gas Intelligence (Subscription)
Contrarian Barrenjoey says Santos’ $36b sale won’t hit FIRB barrier - The Australian Financial Review (Subscription)
10 Things to Know from the Past 48 Hours of LNG News
1. Major U.S. LNG Supply Developments - Recent decisions by key players like Woodside, Energy Transfer, and Cheniere are set to boost U.S. LNG export capacity significantly.
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2. Rising LNG Shipping Costs - Freight rates for LNG carriers have surged to their highest levels in eight months due to a combination of tight vessel availability and escalating tensions in the Middle East.
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LNG Shipping Costs Soar to 8-Month High Amid Middle East Turmoil - **Oil Price**
LNG freight rates hit 8-mth top on tight tanker availability, Mideast conflict - **Reuters**
3. Potential Industry Consolidation - Shell's early-stage talks to acquire BP could result in one of the largest energy mergers in history, potentially reshaping the global LNG market.
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4. Geopolitical Stability in the Middle East - The ceasefire between Iran and Israel, along with promising talks between the U.S. and Iran, is crucial for maintaining stability in a region vital for LNG trade.
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5. Importance of Strait of Hormuz - The Strait of Hormuz is a critical chokepoint for global LNG trade, with about 20% of the world's LNG passing through it.
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6. Challenges in Mexico's LNG Development - Mexico's Saguaro EnergÃa LNG project is facing numerous hurdles, including permitting errors, internal turmoil, and security concerns.
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7. New Long-Term Supply Agreement - The agreement between Glenfarne Alaska LNG and PTT.
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8. Canada's LNG Milestone - Canada has finally entered the LNG export market with the production of its first export-ready LNG from the LNG Canada terminal.
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9. Germany's LNG Import Dynamics - Despite increased activity at Germany's LNG terminals, much of the imported gas is being redirected to neighboring countries, leading to lagging domestic storage levels.
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10. Coal Market Shifts in Asia - China and India are reducing their reliance on Indonesian coal in favor of higher-grade coal from other sources, potentially affecting the competitiveness of coal versus LNG in these key markets.
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