エキスパートへのお問い合わせ
これらの最新情報の配信はいつでも停止できます。お客様の個人情報は、当社のプライバシーポリシーに従い管理されます。
Generic Hero BannerGeneric Hero Banner
Latest market news

Glenfarne notches investment for Texas LNG ahead of FID

  • : Natural gas
  • 26/07/14

US LNG developer Glenfarne has unveiled a $500mn commitment from BlackRock-backed HPS Investment Partners as the firm steps closer to a final investment decision on its proposed 4mn t/yr (530mn ft³/d) Texas LNG export terminal.

Glenfarne said on Monday that the investment supports the development and early construction works at the terminal at the south Texas port of Brownsville. The backing comes after Glenfarne issued a limited notice to proceed on 3 July to Kiewit, the project's engineering, procurement and construction contractor. That notice covers procurement for long-lead equipment, engineering activities and geotechnical work.

Glenfarne missed its target to decide on Texas LNG by the end of June. The proposed terminal has allotted 3.5mn t/yr of its capacity, with 1mn t/yr to German utility RWE, 500,000 t/yr each to US gas producer EQT and traders Gunvor and Macquarie and 1mn t/yr to trading firm BGN. Only BGN's supply has not yet been finalized.

Texas LNG expects to begin commercial operations in 2031.

By Tray Swanson

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

News
26/08/18

Hormuz closed until US delivers on MoU pledges: Iran

Hormuz closed until US delivers on MoU pledges: Iran

Dubai, 18 August (Argus) — Iran will keep the strait of Hormuz closed until the US fulfils commitments made under the now-expired ceasefire agreement signed in June, parliament speaker Mohammad Bagher Ghalibaf said on Tuesday. The memorandum of understanding (MoU), signed on 18 June, set a 60-day deadline to negotiate an end to the war, reach a deal on Iran's nuclear program and ensure safe passage through Hormuz. The agreement included provisions for the US to begin easing economic and sanctions pressure on Iran. The deadline expired on Monday. The MoU collapsed in mid-July after weeks of disputes over control and administration of the strait, during which Iran targeted several vessels and the US reinstated its naval blockade. "As we predicted, the enemy, who accepted the memorandum to end the war out of desperation, soon reneged on its commitments in order to compensate for its heavy political defeat," said Ghalibaf, who has led the Iranian negotiating team. Hostilities in the region have subsided after an intensification in the weeks after the MoU's collapse, but Iran has continued attacks on shipping , restricting vessel transits through Hormuz. Only 12 vessels crossed the strait on 16 August, eight inbound and four outbound, according to maritime security firm Windward, compared with well over 100 daily crossings before the war began in late February. Ghalibaf said the strait "will not reopen until the US commitments in the memorandum, including lifting the blockade, releasing the frozen assets, lifting the oil embargo, ending the threats and military operations on all fronts, and other conditions that the US committed to." By Nader Itayim Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

Trump warns Oman against hindering Iran deal: Update

26/08/17
News
26/08/17

Trump warns Oman against hindering Iran deal: Update

Adds President Trump's threat to "bomb" Oman Dubai, 17 August (Argus) — President Donald Trump is threatening to bomb Oman if it "gets in the way" of negotiations between the US and Iran over the strait of Hormuz. Trump made the threat to "bomb the [expletive] out of" Oman in an unaired interview with Fox News on Monday, on the same day as the expiration of a US-Iran ceasefire deal that fell apart more than a month ago. The White House subsequently confirmed the remarks, which were made in regards to talks between Oman and Iran over the future administration of the strait of Hormuz. The US and Iran on 18 June signed a ceasefire agreement that included a 60-day deadline — expiring on Monday — to negotiate an end to the war, reach a deal on Iran's nuclear program and ensure safe passage of vessels through the strait of Hormuz. That negotiating window "is no longer relevant" following repeated US violations of the agreement, Iran's foreign ministry spokesman Esmail Baghaei said on Monday. The memorandum of understanding (MoU) was meant to kickstart a process under which Iran would allow shipping through the strait of Hormuz to return to pre-war levels within 30 days. But disagreements over control and administration of the strait caused the agreement to collapse by early July, as Iran began targeting ships transiting the strait and the US resumed targeting military sites in Iran. "We did not even begin the talks, because just weeks after the MoU was signed, the US began violating it," Baghaei said. "So, talk of this 60 days is no longer relevant." The daily tit-for-tat attacks have since wound down, though sporadic Iranian attacks on shipping in the region continue. Last week, Abu Dhabi's state-owned Adnoc reported attacks on several of its vessels as they transited the strait . Negotiations between Tehran and Washington appear to have come to a standstill. The US last week threatened an indefinite naval blockade against Iran and is preparing to roll out additional sanctions this week. Despite that negotiating deadlock, Baghaei said Iranian talks with Oman over the future administration of the strait of Hormuz continue and are making progress. "The views are being exchanged, and both sides have shown, to this point, that they are determined to develop a mechanism to oversee and safeguard the interests of both sides, and also cater to the considerations of international shipping" through the strait, he said. Baghaei said the mechanism will be finalized as part of a package, "a roadmap, alongside a joint statement" with Oman. By Nader Itayim and Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

Iran says 60-day MOU window ‘no longer relevant’

26/08/17
News
26/08/17

Iran says 60-day MOU window ‘no longer relevant’

Dubai, 17 August (Argus) — The 60-day window that Iran and the US agreed on in mid-June to negotiate an end to the war and a deal on Iran's nuclear programme "is no longer relevant" following repeated US violations of the agreement, Iran's foreign ministry spokesman Esmail Baghaei said on Monday, 17 August. Signed on 18 June, the agreement, a memorandum of understanding (MoU), was meant to also kickstart a process whereby Iran would ensure the return of shipping through the strait of Hormuz back to pre-war levels within 30 days, and allow for the passage of ships with no charge for 60 days. That 60-day window will have formally closed today. But disagreements over control and administration of the strait of Hormuz in the days and weeks that followed saw Iran target several vessels as they crossed they key waterway, resulting in the agreement's collapse in early July. "What we had in that agreement [was] a 60-day period which we would use to discuss two issues: The lifting of sanctions [on Iran] and the nuclear issue," Baghaei told reporters in his weekly press briefing in Tehran. "If we did not arrive at a solution in this period, we could then extend it." "But we did not even begin the talks, because just weeks after the MoU was signed, the US began violating it," he said. "So, talk of this 60 days, is no longer relevant." Hostilities in the region intensified in the weeks after the MoU collapsed, as the US began targeting key infrastructure as well as military and logistical sites in the south of Iran. Iran responded with attacks on facilities in several of its Arab Gulf neighbours that it said were being used to launch the US attacks. The daily tit-for-tat attacks have since wound down, though sporadic Iranian attacks on shipping in the region do continue. This past week, Abu Dhabi's state-owned Adnoc reported attacks on several of its vessels as they transited the strait . Iran-Oman keep talking on Hormuz Negotiations between Tehran and Washington appear to have come to a complete standstill, although Baghaei said some regional countries are continuing efforts to mediate between the sides and reduce tensions in the region. "Countries like Pakistan and Qatar are making efforts and playing a role," Baghaei said. But "the main challenge is not mediation. The issue goes back to the miscalculations and insistence of the US to persist with methods and approaches that have failed many times before." "The US' repeated breaches of the agreement have damaged the Pakistani mediation efforts," he said. Yet despite that deadlock, Baghaei said talks with Oman over the future administration of the waterway continue and are making progress. "The views are being exchanged, and both sides have shown, to this point, that they are determined to develop a mechanism to oversee and safeguard the interests of both sides, and also cater to the considerations of international shipping [through the strait]," he said. Baghaei said the mechanism will be finalised as part of a package: "a roadmap, alongside a joint statement" with Oman. By Nader Itayim Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

US threatens indefinite blockade on Iran: Update

26/08/14
News
26/08/14

US threatens indefinite blockade on Iran: Update

Adds details on President Trump's territorial claim to strait of Hormuz Washington, 14 August (Argus) — President Donald Trump is threatening an indefinite naval blockade against Iran — and a US territorial claim on the strait of Hormuz — marking a new approach to pressuring Tehran. The US resumed its naval blockade against Iran a month ago, seeking to ratchet up economic pressure on Tehran following the collapse of a short-lived ceasefire deal. Trump on Wednesday said the US had "total control" over the strait of Hormuz and might "keep it", even as Iran continues attacking passing ships. On Friday, Trump escalated his rhetoric at an event in New York. "After we finish defeating Iran, which is being very badly defeated, pretty soon I'll be declaring the Hormuz strait a territory of the United States," Trump said. Those remarks come as the Trump administration prepares to unveil new economic sanctions against Iran next week, while pledging to maintain a naval blockade against Iran indefinitely. "We can hold it as long as we need to. Indefinitely," US defense secretary Pete Hegseth said Thursday. The growing prospect of indefinite war marks a shift from earlier in the conflict, when Trump kept claiming that a US victory was only weeks away. Trump has been claiming "total control" over the strait of Hormuz, while saying that Iran's ability to threaten vessels will diminish because the country is "totally broke". Iran also claims to have control over vessel traffic through the strait. "The strait of Hormuz is closed. Our control over all movements is complete and decisive," Islamic Revolutionary Guard Corp Navy commander Ali Azami posted on X on Thursday. Iran is using sporadic drone and missile attacks to curtail traffic through the strait. The UAE on Friday said Iran had attacked two vessels affiliated with state-owned oil company Adnoc as they were transiting the strait of Hormuz. Such attacks may be nearly impossible for the US to stop, absent a massive escalation in the war or a ceasefire deal, analysts say. "There's no simple solution to it," Hudson Institute senior fellow Michael Doran said at an event the Washington-based think tank hosted on Thursday. "We have a messy conflict, which is going to be with us for many, many months, and probably years to come." The threat of indefinite war has created a tricky political environment for Republicans heading into the midterm elections on 3 November. On Friday, Trump said consumers currently paying an average of $4/USG for gasoline in the US should remember that that higher price is providing a "great service" for the world. "For you to pay a tiny little bit more for your gasoline, just remember you're doing it so that a very evil country cannot have" a nuclear weapon, Trump said. Trump administration officials say crude exports out of the Mideast Gulf are higher than would appear from available ship tracking data. US energy secretary Chris Wright said pipelines are exporting 6mn b/d, while tankers are exporting 8mn-9mn b/d through the strait of Hormuz. "In round numbers today, 14mn-15mn b/d are leaving the Arabian Gulf region, versus the 20mn b/d pre-conflict," Wright said Thursday in a Fox News interview, referring to the Mideast Gulf. "So we're short 4mn-5mn b/d from this region, but it's much smaller hole than people think it is." By Chris Knight and Charlotte Bawol Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

US' Alcoa, Australia's Equus ink 10-year gas sales deal

26/08/14
News
26/08/14

US' Alcoa, Australia's Equus ink 10-year gas sales deal

Sydney, 14 August (Argus) — Australian gas developer Equus Energy has signed a binding 10-year gas sales agreement (GSA) with global aluminium producer Alcoa to supply gas from the planned Equus project offshore Western Australia to Alcoa. Equus will provide 50 TJ/d of gas to Alcoa, equivalent to 182PJ over the term of the deal, the company said on 14 August. Alcoa will use the supplies to power its expanding portfolio of Western Australia-based (WA) alumina refineries. In return, Alcoa will provide advance payment of $30mn to complete a front-end engineering design (Feed) study for the Equus project in Western Australia's North West Shelf region. The funding will cover project costs until it reaches a final investment decision (FID), Equus said. It did not specify a timeline for the FID. Equus, which was known as Western Gas until December 2025, completed a pre-Feed study for the Equus project in May, confirming project design of 50 TJ/d of domestic gas, 2mn t/yr of LNG for export markets, and 12,000 b/d of condensate production over a 15-year project life. The project will address a peak day gas supply shortfall in Western Australia and will represent 5pc of the Western Australian domestic gas market upon completion, Equus said. Annual peak day gas demand in Western Australia is set to increase from 2026 by 36pc to 558 TJ/d in 2035 with the winter season recording the highest demand levels, according to the Australian Energy Market Operator's (Aemo) 2025 Western Australian Gas Statement of Opportunities . This is despite an expected decline in overall annual gas consumption over the same period due to increased large-scale wind and solar generation, Aemo said. The deal with Alcoa will fully satisfy Equus' commitments under Western Australia's domestic gas reservation policy, the company said. The reservation policy mandates that Western Australia-based gas producers retain at least 15pc of production for sale in the domestic market over a project's life. Alcoa operates the 30.5mn t/yr bauxite mine and the 4.2mn t/yr Pinjarra and 2.85mn t/yr Wagerup alumina refineries in Western Australia. Alcoa bought most of Australian mining company South32's aluminium supply chain stakes in June, including the 37mn t/yr Worsley bauxite mine and 4.4mn t/yr Worsley alumina refinery in Western Asutralia. Alcoa signed a three-year gas sales agreement with Australian independent Woodside Energy for 31.1PJ in June, which will begin in 2027. The company also secured a 10-year gas sales agreement with LNG operator Chevron in December 2024 for 130PJ, starting from 2028. This has built on Alcoa's existing 10-year gas sales agreements with Chevron, ExxonMobil and Australian independent Warrego Energy for a total of 198PJ of gas to its alumina refineries in Western Australia, starting in 2024. By Daniel Gage-Brown Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Argus Hydrogen Analytics

Argus Hydrogen Analytics

A quarterly analytics service delivering global clean hydrogen demand, supply and production cost forecasts to 2040, covering sectors and regions worldwide.

Argus Renewable Gas and Power

Argus Renewable Gas and Power

Electricity and gas energy attribute certificate prices, news, analysis and market data, bringing transparency to voluntary and compliance energy transition markets globally.

Argus Carbon

Carbon price benchmarks, policy and project news, and deep analysis, on a daily basis.

Argus North American Long-Term Electricity Forward Curves

Independent market valuation tool to support investment and trading decisions on North American Electricity markets

Argus North American Long-Term Natural Gas Forward Curves

Independent market valuation tool to support investment and trading decisions on North America Electricity markets
Generic Hero Banner

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