Global liquefied natural gas (LNG) imports surged by 9.4 percent year-on-year in June, marking the strongest annual increase since November 2022, the Gas Exporting Countries Forum said in its latest report.
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Australian LNG player Santos has signed two separate, non-binding LNG agreements that underscore the company’s growing global LNG portfolio position. Santos entered into a non-binding heads of agreement to buy LNG from the Ksi Lisims LNG project in Canada and the company agreed key commercial terms with South Korea's Posco Steel to supply the latter with LNG.
Chinese independent gas distributor ENN has signed a memorandum of understanding with commodity trader Trafigura to explore cooperation in liquefied natural gas (LNG).
Atlantic spot LNG shipping rates rose for the first time in seven weeks, rising $3,750 week-on-week to $15,500 per day, according to Spark Commodities.