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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Latest LNG news
Browse the latest market moving news on the global LNG industry.
Workers at Australia’s Pluto LNG set to strike
Workers at Australia’s Pluto LNG set to strike
Adelaide, 16 December (Argus) — Staff working for project contractor Bechtel building the 5mn t/yr second train at Australia's 4.9mn t/yr Pluto LNG terminal are set to strike from next month. The Offshore Alliance (OA) workers' union have provided notice to Bechtel and action starts at 6am local time on 5 January 2026, a union spokesman said on 16 December. Bechtel continues to engage constructively with its employees on the Pluto train 2 enterprise bargaining agreement (EBA), a spokeswoman said, adding that work onsite continues safely, and Bechtel remain focused on the successful completion of the project Hundreds of union members represented by the OA voted to authorise protected industrial action via ballots published by the Fair Work Commission on 4 December allowing an unlimited number of stoppages at the site from 30 minutes to 24 hours in length. But a new vote on the EBA is planned to take place on 20 December, which could see the industrial action cancelled. The present EBA covering Bechtel's workers expires on 19 December, Argus understands. Australian independent Woodside Energy is the operator of the Pluto project, which is planning to produce 8mn t/yr of LNG from its Scarborough gas field offshore Western Australia later next year. A Woodside spokesman told Argus the industrial dispute is a matter for Bechtel, its workforce and its unions. Train 2 is due to come on line in the second half of 2026, Woodside has said, while train 1 modifications will be completed by early 2027 ahead of that facility processing an eventual 3mn t/yr of Scarborough's drier gas . By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Japan’s energy demand falls on economic slowdown
Japan’s energy demand falls on economic slowdown
Osaka, 12 December (Argus) — Japan's energy consumption in the April 2024-March 2025 fiscal year fell again from a year earlier, pressured by slower industry activity. The country's 2024-25 final energy use totalled 292mn kiloliters, or 1.84bn bl of oil equivalent (boe), down by 1.7pc from a year earlier, according to preliminary data released on 12 December by the trade and industry ministry Meti. This marks the third consecutive annual decline. Coal use in final energy consumption fell by 3.7pc from a year earlier to 172mn boe in 2024-25, while oil demand declined by 3.7pc to 841mn boe. This came as energy consumption in the manufacturing and transportation sectors declined by 3.2pc to 766mn boe, and by 1.5pc to 445mn boe respectively. But demand for natural gas and city gas rose by 1.5pc from a year earlier to 167mn boe. Power demand also edged up by 1pc to 517mn boe. Coal-fired power generation edged up by 0.9pc to 283.4TWh during the period, while oil- and gas-fired power dropped by 2.7pc to 71TWh and by 2.4pc to 315.7TWh. Zero-emission power supplies, including renewables and nuclear power, rose by 3.9pc to 322.1TWh. Japan's energy-derived CO2 emissions fell by 1.4pc from a year earlier to 908mn t in 2024-25, supported by the increased use of renewable and nuclear power supplies. The 2024-25 emissions represented a 26pc fall compared with the country's 2013-14 baseline, or the lowest level since 1990-91. The lower energy consumption, as well as increased use of domestic renewable and nuclear energy, helped lift Japan's energy self-sufficiency rate to 16.4pc in 2024-25, up by 1.1 percentage points from a year earlier, based on International Energy Agency methodology. By Motoko Hasegawa Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
TotalEnergies ends Papua LNG rebid phase: Correction
TotalEnergies ends Papua LNG rebid phase: Correction
Corrects headline and 'FID' to 'development forum' in last paragraph Sydney, 12 December (Argus) — New engineering, procurement and construction (EPC) contract offers have been received for the proposed 5.6mn t/yr Papua LNG project in Papua New Guinea (PNG), operator TotalEnergies said, following extensive design revisions for the delayed development. The firm is concluding the rebid phase after receiving new offers at reasonable costs, managing director of TotalEnergies EP PNG Arnaud Berthet told the PNG Resources and Energy Investment Conference in Sydney on 10 December. TotalEnergies relaunched EPC tendering late last year after previously estimated costs were considered too high for the project to proceed. The company expanded the contractor pool to include Chinese firms and reduced the gas pipeline diameter to 30 inches from 40 inches. This change increased the number of vessels able to perform pipelay, Berthet said, increasing competition, while it also routed the condensate pipeline west to a new floating storage and offloading vessel, reducing pipeline length. A development forum is planned for January-March next year, a legal requirement ahead of a final investment decision, which JV partner Australian independent Santos has previously signalled is likely in early 2026 . LNG sales and purchase agreements are under negotiation, and seven export credit agencies along with more than 30 commercial banks are interested in financing the project, Berthet said. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Japan’s Hokkaido approves Tomari nuclear restart
Japan’s Hokkaido approves Tomari nuclear restart
Osaka, 10 December (Argus) — Japan's Hokkaido prefecture has approved the restart of Hokkaido Electric Power's (Hepco) Tomari nuclear power plant, removing the final hurdle to restarting the first reactor in the northernmost prefecture since the 2011 Fukushima nuclear disaster. Hokkaido governor Naomichi Suzuki officially approved the restart of the 912MW Tomari No.3 reactor on 10 December, nearly two weeks after stating on 28 November that the use of nuclear power remains a practical option for the time being. His decision was supported by four local authorities — Tomari village, Kyowa town, Iwanai town and Kamoenai village — whose consent is also required to resume operations at the Tomari plant. Approval from local governments is essential before any nuclear reactor restart in Japan, even when reactors meet stricter safety standards designed to prevent a repeat of the Fukushima-Daiichi reactor meltdown following the 2011 earthquake and tsunami. The approval means the Tomari No.3 reactor is likely to restart once reinforcement work is completed, as the unit already received a safety clearance from Japan's nuclear regulation authority (NRA) in July. Hepco hopes to restart the reactor as early as possible in 2027. The Tomari plant is Hepco's sole nuclear facility, comprising the 579MW No.1 and No.2 reactors in addition to No.3 unit. The No.1 and No.2 reactors are still undergoing the NRA safety inspections. Hepco has been without nuclear power since May 2012, relying on thermal generation instead, which has increased costs. The utility consumed 1.78mn t of coal over April-September, up by 9.6pc from a year earlier, while oil usage edged up by 0.9pc to 3,884 b/d. LNG consumption fell by 61pc to 85,000t during the period, mainly because of maintenance at a gas-fired plant. Hepco expects household electricity rates under regulated tariffs to fall by around 11pc following the planned restart of Tomari No.3 reactor. For non-regulated tariffs, overall rates are projected to decline by an average of 7pc, including roughly 11pc for low-voltage customers and about 6pc for high- and extra-high-voltage users. By Motoko Hasegawa Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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