UAE’s Adnoc has signed a 15-year sales and purchase agreement with a unit of Japan’s Inpex to supply the latter with LNG from its terminal in Al Ruwais.
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South Korean shipbuilder Hanwha Ocean has launched MOL’s floating storage and regasification unit (FSRU), which will serve Singapore’s second LNG import terminal.
French energy giant TotalEnergies and Vietnamese conglomerate T&T have signed a memorandum of understanding to jointly develop the 1,500 MW Long Son LNG-to-power project in Vietnam.
Adnoc’s gas and LNG unit, Adnoc Gas, reported a net income of $665 million in the second quarter of this year, a drop of 52 percent year-on-year due to disruptions caused by the ongoing Middle East conflict. Adnoc Gas has also taken the final investment decision on the second and third phases of its Rich Gas Development (RGD) project.
Japan’s Inpex said on Friday that it expects to take a final investment decision on the Abadi LNG project in Indonesia "around mid-2027," while the company also started EPC tendering for the project.
Japan’s Inpex expects the Ichthys LNG project in Australia to exceed its previous 2026 production guidance, with an annual average of approximately 10 cargoes per month, due to "strong" production in the first half of this year.