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.
Union begins strikes at Australia's Ichthys LNG: Update
Union begins strikes at Australia's Ichthys LNG: Update
Adds statement from Inpex in paragaph 5 Sydney, 2 June (Argus) — The union representing oil and gas workers at the 9.3mn t/yr Ichthys LNG project near Australia's northern city of Darwin began strikes from 6am Australian Western Standard Time today (10pm GMT 1 June), according to the Offshore Alliance (OA) union. Protected industrial action authorised by members in April has started despite significant progress in talks between the union and project operator Japan's Inpex that led to delays to planned work stoppages last week, the OA said. The strike action includes union members downing tools between 6am and 8am and 6pm and 8pm, and bans on overcycle, working past 6am on demobilisation day, and swapping between day shift and night shift without at least four weeks' notice from management. All three Inpex facilities will be disrupted by stoppages of work and work bans, including the onshore processing facilities and LNG terminal at Darwin harbour, the floating production, storage and offloading (FPSO) and central processing facility (CPF) units. Management remains committed to engaging in good faith to reach a fair and equitable agreement, maintaining safe operations and ensuring reliable energy supply, Inpex's senior vice-president Bill Townsend said. The OA has served a further notice to Inpex setting out more strikes to occur from 11-23 June but the union remains committed to negotiating and pausing industrial action should Inpex return to genuine bargaining, it said. Ichthys can also produce about 100,000 b/d of condensate and 1.65mn t/yr of LPG, shipping about 1.36mn t of LPG in 2025. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
State lawmakers may hold fate of Alaska LNG
State lawmakers may hold fate of Alaska LNG
Houston, 1 June (Argus) — Alaska's state lawmakers are convening in a special legislative session to consider tax relief for the 20mn t/yr Alaska LNG export project, a potentially make-or-break decision that developer Glenfarne says is required to secure financing. Alaska governor Mike Dunleavy (R) ordered the state legislature to convene for a special session in late May with only one priority: pass a bill that would reduce upfront costs for Alaska LNG. Dunleavy first unveiled a proposal on 20 March pushing for a carve-out that would exempt Alaska LNG from the state's existing property tax law and replace it with a volume-based tax on its pipeline flows. But the legislature failed to pass a bill by the end of the legislative session on 20 May, citing a need for more information from Glenfarne. Lawmakers began the 30-day special session on 21 May. "I'll remain optimistic that the legislature just needs a little bit more time in this special session that they didn't have because of all the other bills they had to deal with in the regular session," Dunleavy told Argus . For Glenfarne, which took over the project in early 2025 after other developers abandoned it in 2016 citing cost concerns, tax reform is necessary to move forward with the project. The legislative effort is "one component of the requirements needed for Alaska LNG to proceed", a Glenfarne spokesman told Argus , calling Alaska's property taxes "a hurdle for the development of a North Slope natural gas project for more than a decade". Glenfarne plans to split Alaska LNG into two phases. The first encompasses construction of a 739-mile, 3.5bn ft³/d pipeline from Alaska's gas-rich North Slope to the state's south-central coast ( see map ). The line would also supply the domestic market, which faces a looming gas supply shortage amid declining domestic production in the Cook Inlet. The second phase of adding the liquefaction terminal would come later with a separate financial decision. Glenfarne hopes to begin construction on the pipeline in the first half of 2027, with first flows moving in late 2029. Under the state's existing law, Alaska LNG would be exempt from property taxes during construction. Once the project is in service, Dunleavy's proposal would replace the property tax with a volumetric tax of 6¢/1,000 ft³ of throughput on the pipeline. The volumetric tax would apply only after throughputs reach a 30-day average of 1bn ft³/d or 10 years after the first flows, granting Glenfarne a ramp-up period and reducing its upfront tax burden. The former is unlikely to occur without the liquefaction phase. The domestic gas market along the proposed pipeline consumes less than 300mn ft³/d, according to consultancy firm Rapidian Energy. The volume-based treatment equals about a 90pc reduction in property taxes that the state and local municipalities would collect under the existing law for oil and gas projects, according to the Alaska Department of Revenue. Legislators have proposed higher volumetric rates, up to as much as 55¢/1,000 ft³, to ensure more revenue. A concealed cost Though lawmakers broadly support Alaska LNG, they have questioned Glenfarne's ability to deliver the project as well as its true cost. The $44bn estimate for both phases comes from a study published in 2016. Rapidian Energy estimated last year that the project's total price tag will command between $53bn-63bn, with upside risk for labor and steel costs due to the project's remote location. "Glenfarne was unknown 18 months ago. They have no completed N. America projects. But they want a 92pc reduction in our local property taxes," senator Cathy Giessel (R), chair of the Senate Resources Committee, wrote in a newsletter to constituents in March. "They are holding all financial information about the project confidential. This is not a good business position for our state to be in." Dunleavy hopes the special session will provide enough time for lawmakers to receive the information they need. If not, Dunleavy told Argus he would consider calling another special session unless lawmakers outright oppose the project. By Tray Swanson Alaskan LNG projects Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Cheniere taps Bechtel for Sabine Pass LNG expansion
Cheniere taps Bechtel for Sabine Pass LNG expansion
Houston, 28 May (Argus) — US LNG developer Cheniere has signed a contract with Bechtel for the engineering, procurement and construction of the 7mn t/yr expansion at its 33mn t/yr Sabine Pass LNG export terminal in Louisiana, Cheniere said today. The deal covers the first phase of a 20mn t/yr expansion Cheniere plans to develop at Sabine Pass. The first phase, targeted for a final investment decision in early 2027, would add a 6mn t/yr train and 1mn t/yr of boil-off gas reliquefaction capacity. Cheniere has allowed Bechtel to begin early engineering and procurement. Cheniere has signed 10mn t/yr of offtake contracts that it can apply to expansion efforts, the company said in February. Beyond the first phase of the Sabine Pass expansion, Cheniere intends to follow a similarly phased approach at its 31.4mn t/yr Corpus Christi export terminal in south Texas, where an initial 6mn t/yr train would be part of a 24mn t/yr expansion. The developer expects to decide on the Corpus Christi expansion's first phase in mid-to-late 2027. Cheniere is still waiting for regulators to sign off on key permits for the Sabine Pass expansion. It expects the Federal Energy Regulatory Commission to authorize its plan to build and operate the expansion by the end of this year. The company also has a pending request with the Department of Energy to export LNG to countries that do not have free trade agreements with the US, which President Donald Trump's administration is likely to approve. On its current timeline, the new train's first exports could begin as early as 2030, with commercial service for Cheniere's long-term customers beginning in mid-2031. By Tray Swanson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Iran, US dispute status of Hormuz in draft deal: Update
Iran, US dispute status of Hormuz in draft deal: Update
Updates with US comments, other details London, 27 May (Argus) — A draft agreement to end the war between the US and Iran includes a pledge from Tehran to return the number of commercial ships passing the strait of Hormuz to pre-war levels within a month, Iranian state television reported on Wednesday. But President Donald Trump later on Wednesday pushed back against Tehran's assertion of control over Hormuz and other Iranian demands. Crude futures fell sharply after the report by Iranian broadcaster IRIB, with front-month Ice Brent approaching $94/bl, the lowest intraday level since 21 April. Prices subsequently regained some ground. IRIB said it had seen a "first draft" of a 14-point agreement that said "managing the passage of ships… and receiving fees for services remains at the discretion of [Iran], which will work in co-operation with Oman". In return, IRIB said the US has pledged to lift the maritime blockade on Iran, and has agreed to "make a commitment" on the issue of its military presence in countries neighbouring Iran. The IRIB report contains no mention of agreement on other key issues, like Iran's nuclear programme, or on the repatriation of funds to Tehran. Iranian officials previously indicated they are eyeing the return of its funds frozen in foreign banks under US mandates. Trump, in televised remarks at the Cabinet meeting on Wednesday, said he expects the strait of Hormuz to reopen immediately if an agreement is signed. "The strait (of Hormuz) is going to be open to everybody," Trump said. "We'll watch over it, but nobody's going to control it. That's part of the negotiation that we have. They would like to control it, nobody's going to control it." Tehran has touted a joint Iranian-Omani mechanism to control navigation through Hormuz. "It's international waters, and Oman will behave just like everybody else, and we'll have to blow them up," Trump said. "They understand that. They'll be fine." Iran should not count on immediate relief of US sanctions or repatriation of funds, Trump said. "We're not talking about any easing of sanctions or giving money," Trump said. "We'll keep control of that money. When they behave properly, and when they do what's right, we'll let them have their money, but right now we're not doing that." By Nader Itayim, Ben Winkley and Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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