Japanese power producer Jera said this week that it has signed multiple long-term LNG supply agreements with US partners over the past two months, to procure up to 5.5mn t/yr over 20 years. This includes 2mn t/yr from NextDecade and 1mn t/yr from Commonwealth LNG. It also signed non-binding interim agreements with Sempra Infrastructure for 1.5mn t/yr and with developer Cheniere for 1mn t/yr. The deals offer competitive pricing and flexible contract terms. All supply will be delivered on a fob basis priced against the US' Henry Hub, allowing Jera to optimise shipping routes and respond flexibly to domestic demand and market conditions, the company said.
Share
Related news posts
Trump calls off attacks against Iran: Update
Trump calls off attacks against Iran: Update
Updates with Trump's cancellation of attacks Washington, 11 June (Argus) — President Donald Trump on Thursday called off the threat of a massive military attack against Iran he announced just hours earlier, citing progress in negotiations with Iran on resolving a war that has lasted more than 100 days. Trump this morning had threatened to launch a "VERY HARD" wave of military strikes tonight against Tehran, which he said would be followed up at some point by "taking" control of Iran's Kharg Island in the Mideast Gulf, along with "other oil infrastructure points." Five hours later, Trump said the planned attack would not go forward. "Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening," Trump wrote on Truth Social at 1:28pm ET. Nymex WTI prompt month crude futures fell to $86.72/bl at 1:52pm ET, down from more than $90/bl immediately before the post. Trump's latest military threat — and rapid reversal — followed two days of heavy clashes between the US and Iranian armed forces and of attacks on shipping in the Middle East. Trump said that the US would keep enforcing a naval blockade against Iran "until this Transaction is finalized — Time and place of the signing to be announced shortly." The low intensity clashes between the US and Iranian forces that have been underway since late May escalated into an exchange of strikes on 10-11 June that are more reminiscent of the active phase of the war in March-April. The US has pounded Iran's defensive and — according to Tehran — civilian infrastructure near the strait of Hormuz and across Iran. Iran's military has responded with attacks on US bases in Jordan, Kuwait and Bahrain. Both the US and Iranian navies have attacked commercial vessels in the Gulf of Oman and the strait of Hormuz, respectively. Control of navigation through the critical Mideast Gulf waterway appears to be the cause of the latest flare up. Trump claimed on Wednesday that the US military had been running a clandestine operation to unblock Hormuz and that over 100mn bl and hundreds of vessels traveled the strait under the US military umbrella. Iran, which also claimed to be directing limited traffic through the strait, said on Thursday that the strait of Hormuz is "closed" following overnight US strikes on Iran. By Chris Knight and Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Global warming set to exceed 1.5°C by 2030: Scientists
Global warming set to exceed 1.5°C by 2030: Scientists
London, 11 June (Argus) — The rise in global temperature is projected to surpass 1.5°C above pre-industrial levels — the limit sought by the Paris climate agreement — "in about four years", an international team of more than 70 scientists said today. "Human-induced warming reached 1.37°C" in 2025, compared with the 1850-1900 average, the latest Indicators of Global Climate Change report found. The Paris agreement seeks to curb the global rise in temperature to "well below" 2°C above pre-industrial levels, and pursues a 1.5°C limit. "The rate at which heat is accumulating in the earth system suggests high levels of future warming", the report found. "The rate of human-induced warming remains at the all-time high of around 0.27°C per decade, driven primarily by record-high greenhouse gas levels." It estimated the remaining global carbon budget — the amount of CO2 that can still be emitted before the 1.5°C threshold is exceeded — is 130bn t/CO2, from the start of 2026. This estimate, which is a central one, "will be exhausted in around three years at current levels of CO2 emissions", the report found. Global greenhouse gas emissions reached a record high 56.8bn t/CO2 equivalent (CO2e) in 2024, according to the report, "mainly from the burning of fossil fuels." "Although we still have record high levels of emissions, the growth of those CO2 emissions is slowing," the EU Copernicus programme's strategic lead for climate Samantha Burgess said today. "That doesn't mean we're on track yet, but it does mean that policy, technology, and societal choices are starting to bend the curve." Burgess was speaking at climate talks underway in Bonn, Germany, hosted by UN climate body the UNFCCC. El Nino weather conditions have now developed in the tropical Pacific, the US National Oceanic and Atmospheric Administration (NOAA) confirmed today. The weather pattern, which is naturally-occurring, typically leads to higher global temperatures. Current forecasting suggest it is "likely to be a very strong event", the UK's Met Office said today. Some forecasts suggest "values that would be of record strength", the Met Office said. "It is also highly likely that the El Nino will cause a temporary spike in global annual temperature with the residual heat potentially making next year the hottest in the global series from 1850", Met Office head of long-range forecasting Adam Scaife said. The hottest year on record to date is 2024. The past three years, 2023-25, are the hottest three years recorded. The average temperature across 2023-25 was 1.48°C above pre-industrial levels — with a margin of uncertainty of 0.13°C — data consolidated by the World Meteorological Organisation show. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Trump escalates threats against Iran
Trump escalates threats against Iran
Washington, 11 June (Argus) — President Donald Trump on Thursday stepped up threats against Tehran following two days of heavy clashes between the US and Iranian armed forces and of attacks on shipping in the Middle East. "The United States will be hitting Iran (Whose Navy, Air Force, Radar, Anti Aircraft, and all other forms of Defense, together with most of its offensive capability, are GONE!), VERY HARD TONIGHT," Trump said in a social media post. The low intensity clashes between the US and Iranian militaries that have been underway since late May escalated into an exchange of strikes on 10-11 June that are more reminiscent of the active phase of war in March-April. The US has pounded Iran's defensive and — according to Tehran — civilian infrastructure near the strait of Hormuz and across Iran. Iran's military has responded with attacks on US bases in Jordan, Kuwait and Bahrain. Both the US and Iranian navies have attacked commercial vessels in the Gulf of Oman and the strait of Hormuz, respectively. Control of navigation through the critical Mideast Gulf waterway appears to be the cause of the latest flare up. Trump claimed on Wednesday that the US military had been running a clandestine operation to unblock Hormuz and that over 100mn bl and hundreds of vessels traveled the strait under the US military umbrella. Iran, which also claimed to be directing limited traffic through the strait, said on Thursday that the strait of Hormuz is "closed" following overnight US strikes on Iran. Trump, in his social media post on Thursday, went on to say that the US would soon take control of Iran's Kharg Island in the Mideast Gulf "and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela". By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US escalates attacks on Iran: Update 2
US escalates attacks on Iran: Update 2
Updates with details throughout, including the start of the attacks London, 10 June (Argus) — The US launched a new, broader wave of attacks on Iranian targets for the second consecutive day, prompting Tehran to say it will prevent all ships from passing through Hormuz in retaliation. US forces began launching additional "self-defense" strikes at targets across Iran at 5:15pm ET (21:15 GMT) on Wednesday, said the US Central Command (Centcom), which oversees the Middle East-based US forces. Trump previewed the attack by saying earlier in the day that Iran will "have to pay the price" for taking too long to reach a peace deal, marking a clear shift in tone from recent weeks when he had talked up progress towards an agreement. The latest US attack followed an exchange of fire between the US and Iranian forces a day earlier, which involved US strikes against Iranian air defense targets around the strait of Hormuz and Iranian attacks on US military bases in Kuwait, Jordan and Bahrain. The flare up in the US-Iran conflict follows claims by Washington and Tehran that they are enabling the transit of tankers and other vessels through the strait of Hormuz, on their own terms. The Iranian military declared Hormuz closed to all navigation following the latest US attack, Iranian news agency Tasnim, which is affiliated with the Islamic Revolutionary Guard Corps, said in the early hours Thursday Tehran time. "We're going to be attacking them and attacking them very hard," Trump told reporters at the White House on Wednesday before Centcom launched the latest attack. "Based on the helicopter, I guess we have the right to do that," Trump said, referring to a US helicopter patrolling the strait of Hormuz that went down due to Iranian fire earlier this week . The attacks "that will happen tonight will be strong and they will be clear", defense secretary Pete Hegseth said before the strikes commenced. July Nymex WTI rose by $1.83/bl to $90.03/bl on Wednesday while August Ice Brent rose by $1.65/bl to $93.10/bl, following the flare up in the US-Iran confrontation. Trump earlier on Wednesday told Fox News that he "may order new strikes against the Iranian regime", potentially targeting "Iranian power plants and bridges", according to the news network's account of the interview, which the White House confirmed. Trump repeatedly threatened strikes against Iranian power and civilian infrastructure during the high intensity phase of the conflict in March and April. The US and Iran reach a ceasefire agreement on 8 April and extended it indefinitely later that month. But low-intensity fighting between US and Iranian forces has flared up repeatedly since late May. Trump's remarks mark a clear break from his recent messaging. Earlier this week, Trump said negotiations with Iran were ongoing and could yield results within days. Trump claimed for months that Iran's military capacity had been "obliterated", but he attributed Iran's apparent ability to target US military bases and equipment in the Middle East to Tehran's partial restoration of its defense capabilities. He added that recent US strikes "took out about 55pc of what they were even able to rebuild." By Haik Gugarats and James Keates Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Related Products
Business intelligence reports
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more