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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India launches $2.7bn compressed biogas scheme
India launches $2.7bn compressed biogas scheme
New Delhi, 7 August (Argus) — The Indian government has approved a $2.7bn national programme to increase compressed biogas (CBG) production by nearly ten-fold over the next decade, aiming to strengthen domestic renewable gas supply and improve energy security. The union cabinet approved the Galvanizing Organic Bio-Agro Resources Dhan (GOBARdhan) scheme, which will run from the current fiscal year through the fiscal year ending March 2036, according to a government notification issued on 6 August. The scheme is designed to convert agricultural residue, cattle dung, municipal organic waste and other biomass into CBG, a renewable fuel chemically equivalent to natural gas that can be injected into existing gas distribution networks. India's 217 operational CBG plants currently produce around 0.4mn m³/d, as per the notification. The government's target implies output rising to roughly 4mn m³/d by 2035-36, based on current production levels, Argus understands. India imported around half of its natural gas requirements in 2025, with regasified LNG imports averaging about 94mn m³/d, equivalent to 24.91mn t, according to Kpler. Even if the government achieves its target of 4mn m³/d of CBG production, this would displace only around 4pc of current LNG imports, according to Argus calculations. This suggests the scheme's significance lies less in materially reducing LNG imports and more in creating a domestic renewable gas stream for the city gas distribution sector while improving energy security. Under the scheme, city gas distribution companies will be required to procure increasing volumes of CBG to meet mandatory blending targets of 3pc in the current fiscal year, 4pc in the fiscal year ending March 2028 and 5pc from the following year onwards for both compressed natural gas (CNG) and domestic piped natural gas (PNG). The government has fixed an administered CBG price of 2,110 rupees/mn Btu ($22.16/mn Btu), equivalent to around $1.1/kg, alongside capital assistance of up to $210,000/t of installed capacity for eligible projects. This is higher from the current Argus -assessed spot LNG price at $19.12/mn Btu on 6 August prices for deliveries to west India for the first-half of September, as well as the average price of $11.98/mn Btu for 2025. Additional support includes funding for pipeline connectivity, credit guarantees covering up to 85pc of eligible loans for small enterprises, and a challenge fund aimed at strengthening local feedstock and supply chains. "The GOBARdhan scheme is the first biogas policy in India that tackles all three bottlenecks that kept private capital out of the sector: assured offtake, stable pricing, and capital support in a single framework," said Dilip Patil, regional director-west for the Indian Federation of Green Energy. The real impact of this will not be measured in kilograms of gas alone, but in paddy straw baled instead of burnt, dung that earns a dairy farmer a second income, fermented organic manure that rebuilds depleted soils, and a reduction in imported LNG that no longer needs to be paid for, Indian Biogas Association chairman Gaurav Kumar Kedia said. By Rituparna Ghosh and Nikhil Sharma Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Trump promises Hormuz deal 'soon'
Trump promises Hormuz deal 'soon'
Washington, 6 August (Argus) — President Donald Trump again said on Thursday that a deal to reopen the strait of Hormuz to navigation is imminent, even though Tehran appears to be insisting on major concessions from Washington. "I am involved in the negotiations," Trump told reporters at the White House, adding that "we're doing fine" and that a deal could be concluded "very soon". Trump may have been referring to the dialogue between Iran and Oman when he began on 2 August to reference ongoing talks with Iran that he said would result in reopening Hormuz within a day or two. Iran and Oman are close to issuing a joint statement specifying "geographical co-ordinates" of a safe transit route through Hormuz, Iran's foreign ministry said on Wednesday. But Tehran is demanding the lifting of the US blockade and other concessions from Washington. The deal with Oman "by itself would not make Hormuz safe for transit", Iran's foreign ministry said. The US naval blockade remains in place, and the strait of Hormuz is "sort of open right now", Trump said on Thursday. But he acknowledged that threats posed by Iran are deterring many shippers from using the Mideast Gulf waterway. "We control it, but they can always shoot something, or drop a mine, and if you have one mine sitting out there, you sort of mess things up because people don't want to take their billion-dollar boats and accidentally get hit by a mine," he said. Trump, who has been expressing unease about elevated energy prices, said on Thursday that "oil prices now are coming down very rapidly, it's down to $75/bl". September Nymex WTI rose by $2.07/bl to $77.29/bl on Thursday, bouncing higher after steep losses earlier in the week. Vessel traffic through the strait of Hormuz on Wednesday remained confined mostly to the Iranian-favored northern traffic lane, with maritime security firm Windward recording nine inbound transits and 11 outbound transits, with two transits in both directions taking place on the US-supported southern traffic lane along the coast of Oman. Iran continues to exert pressure on commercial shipping through the strait by attacking intermittently and by issuing warnings to vessels. A tanker transiting north toward the strait of Hormuz on Wednesday reported two loud explosions in its vicinity, leading it to alter its course and abort transit, according to the UK Trade Maritime Operations (UKTMO). Iran's forces on Thursday confronted "hostile enemy targets" near the Qeshm island in the strait of Hormuz, said Iranian news agency Tasnim, which is tied to the Islamic Revolutionary Guards Corps. The report did not detail whether any vessel came under attack. The Iranian claim has not been independently verified. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Cheniere’s next train nears LNG production
Cheniere’s next train nears LNG production
Houston, 6 August (Argus) — The final train of Cheniere's 14mn t/yr (1.9bn ft³/d) stage 3 project at Corpus Christi LNG in Texas is close to beginning production, the US LNG developer announced on Wednesday, as the expansion's earlier-than-expected startup helps the firm raise its 2026 output guidance. First LNG from the expansion's seventh train is "expected imminently", the producer said in its earnings release. Separately, Cheniere also sought permission to flow feedgas into parts of the cold end of train 7 on Wednesday, according to a filing with the Federal Energy Regulatory Commission (FERC), a request that has portended first LNG within the following week for the expansion's previous trains. Cheniere expects train 7 to be fully on line and begin commercial service this autumn. Contractor Bechtel has brought the seven-train expansion, which began producing LNG in late 2024, into service ahead of schedule, helping Cheniere tighten its production guidance for 2026 to 53mn-54mn t, up from 52mn-54mn t in the previous quarter and from 51mn-53mn t at the start of the year. The LNG producer told investors it has less than 1mn t of unsold spot capacity remaining. The company has undergone minor maintenance at Corpus Christi LNG and its 33mn t/yr Sabine Pass export terminal in Louisiana throughout 2026 and intends to wrap up its planned outages by the end of August. Cheniere reaffirmed its target to start construction on the first phase of an expansion at Sabine Pass in early 2027, pending FERC's approval by late 2026. The company signed a deal with Bechtel in May to oversee the engineering, procurement and construction of the 20mn t/yr expansion at Sabine Pass, the first phase of which would include a 6mn t/yr liquefaction train and 1mn t/yr of boil-off gas reliquefaction capacity. The first phase is already fully commercialized. Cheniere has sold 10mn t/yr under long-term contracts that it can apply to its expansion efforts, the company said earlier this year. By Tray Swanson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia's Beach to raise oil, gas output in FY27
Australia's Beach to raise oil, gas output in FY27
Sydney, 6 August (Argus) — Rebuilding reserves will be a priority for Australian independent Beach Energy in its July 2026-June 2027 fiscal year, the firm said in its full-year results published today. It has also set a higher production guidance for the 2026-27 fiscal year, forecasting 19.5mn-23mn bl of oil equivalent (boe) for the fiscal year, up from 19.4mn boe in the 2025-26 fiscal year . This is due to increased volumes from Beach's Waitsia gas plant in Western Australia given that the 250 TJ/d joint venture operated by Japan's Mitsui reached capacity in April after being hampered by performance issues during start-up. Ongoing discussions are underway with the Western Australian government and the 14.3mn t/yr North West Shelf LNG terminal on extending Waitsia's permit to export LNG beyond the end of 2028 . Waitsia can export about 1.5mn t/yr under the existing deal. Beach's underlying net profit was down by 21pc on the year to A$355mn ($250mn) due to lower sales revenue, impacts of a flood in the Cooper basin in South Australia and a decline in offshore Otway basin assets, with field decline of close to 10pc. Its capital management strategy aims to grow organic and inorganic reserves and to look at acquisitions, Beach said, with A$983mn in available liquidity on its balance sheet to fund potential acquisitions. It is targeting final investment decisions (FIDs) for a two-well exploration campaign in the nearshore Otway basin in the first half of its 2026-27 fiscal year and expects to take an FID for the Waitsia inlet compression project in January-June 2027. Beach holds a 25pc stake in the ATP 2081 exploration permit in Queensland's onshore Taroom trough where a two-well exploration campaign is planned in October-December, with operator Omega Oil and Gas considering a seismic survey in the 2027-28 fiscal year. The federal government's planned domestic supply obligation (DSO) to oversupply the market with gas from LNG producers' projects has been strongly opposed by Beach. Negotiations continue on the final design of the scheme, but chief executive Brett Woods said he was continuing to advocate for a fair system for domestic suppliers, noting that the competition regulator the Australian Competition and Consumer Commission (ACCC) has said A$12-13/GJ gas prices were needed to continue to support the market. Beach reported a realised gas price of A$11.50/GJ last fiscal year. Some contracting of gas supply has occurred in recent months, Woods said, despite uncertainty about the DSO's impact, at "strong pricing in and around ACCC-identified levels". A final outcome on the DSO design is expected by the end of 2026 ahead of commencement in July next year. The Argus -assessed AWX for spot gas deliveries in August to Wallumbilla rose by about A$0.08/GJ from a week earlier to A$10.65/GJ on 31 July, while Argus ' AVX for August deliveries into Victoria fell by A$0.08/GJ from a week earlier to A$10.35/GJ. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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