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Welcome back to LNG4U — your front-row view of the forces shaping the LNG market.
We start with an insight to keep you ahead of the curve 🎓, then dive into the stories making an impact — from market shifts 💰 to offshore projects 🚢.
Let’s get started.

🎓 LNGKnowledge

Each hydrocarbon gas has a Flammable Zone area 🔥

What does it mean ❓

Assuming a tank has a mixture of HC/O2, the flammability won't occur unless it's within the Flammable Zone Area.

The Methane CH4 has a FZA between 5️⃣ -1️⃣4️⃣ %. if the percentage of the CH4 is less than 5% or more than 15%, the explosion 🔥 won't happen assuming O2 between 13-20.9 %.

The FZA is limited by 👉 LEL (Low Explosive Limit) and 👉 UEL (Upper Explosive Limit).

Source : LNG ship Cargo operating manual

💰 LNGPrices

Freight rates / 174,000 m3 / 2 Stroke

Atlantic - (Spark30S)

$ 61,250 / day

Pacific - (Spark25S)

$ 41,250 / day

Natural Gas

Asia (JKM) - Dec 25

$ 11.117 / mmBtu

Europe (NWM) - Dec 25

$ 10.167 / mmBtu

Bunkers

$/MT

LNG

VLSFO

MGO

Singapore

676.88

471.50

737.00

Rotterdam

671.99

434.00

705.00

🏭 LNGTerminals

Excelerate Energy has struck a new deal for the construction 🤝 of a fully integrated floating LNG (FLNG) import terminal in Iraq.

Excelerate Energy has signed a definitive commercial agreement with a subsidiary of the country’s Ministry of Electricity for the development of the first LNG import terminal 💧 at the Port of Khor Al Zubair.

(C) Copyright Offshore Energy 2025

Source: Excelerate Energy

Banning Russian LNG would be difficult for Japan 🚨, the country’s new Prime Minister Sanae Takaichi is reported to have told US President Trump during his visit to the country.

Japanese PM Takaichi discussed Russian LNG imports to Japan 💧 during her meeting with Trump in Tokyo.

(C) Copyright Tradewinds 2025

Source: Scanpix

An LNG carrier is inbound to QatarEnergy and ExxonMobil’s long-delayed Golden Pass LNG project in the US 🏭, indicating production start-up is underway.

The QatarEnergy-chartered 174,000-cbm newbuilding 👉 Imsaikah, which is owned through JP Morgan’s Oceonix Services, is due to arrive at the Texas-based Golden Pass facility on 1 December.

(C) Copyright Tradewinds 2025

Source: Schulte Marine Concept

Shell expects to start up its second liquefied natural gas processing unit 🏭 at its LNG Canada facility later this quarter.

LNG Canada is the first major LNG export facility in Canada, and the first on the west coast of North America 🥇 that provides direct access to Asia, the world’s largest LNG market. Train 1 began production in June.

(C) Copyright Energy Now 2025

Source: LNG Canada

Cheniere Energy has reached a new milestone at its liquefied natural gas (LNG) facility, with the completion of the third train 🏭 forming part of its expansion project on the La Quinta Ship Channel, along the north shore of Corpus Christi Bay in Texas, United States.

Bechtel Corporation, as its engineering, procurement, and construction firm, has transferred 🤝 care, custody, and control of Train 3 to the firm.

(C) Copyright Offshore Energy 2025

Source: Bechtel

🚢 LNGShips

Capital Clean Energy Carriers has secured long-term business 🤝 for one of its numerous newbuildings.

The firm said that a “major energy company” agreed to forward fix the 👉 174,000-cbm Athlos (built 2027) for a firm period of seven years at an undisclosed rate.

(C) Copyright Tradewinds 2025

Source: Capital Clean Energy Carriers

The LNG tanker Perle, which was sanctioned by the United States in January 🚫, had been carrying a cargo from the designated Russian export terminal in Portovaya on the Baltic Sea.

The sanctioned 170,200-cbm Russian-controlled Perle (ex-Pearl, built 2014) transferred its cargo to the 145,000-cbm steam turbine CCH Gas (ex-Condor LNG, built 2006) 💧 in the waters off the east coast of peninsular Malaysia and northeast of Singapore sometime between October 17-24 📅.

(C) Copyright Reuters 2025

Source: SPT

ConocoPhillips is being named as the mystery charterer 🤝 behind a new long-term fixture of a Capital Clean Energy Carriers LNG newbuilding.

The US energy major has secured the vessel for up to 10 years at a rate in the high 💰80,000 per day region.

ConocoPhillips has been on the hunt for LNG tonnage and was recently linked to other newbuildings 🚢 from at least two different owners.

(C) Copyright Tradewinds 2025

Source: ConocoPhillips

Gazocean celebrated the delivery of its 13th LNG carrier the 👉 Elisa Halcyon, under French flag.

She was delivered on 31st October by the South Korean shipyard Hyundai Heavy Industries 🎊

Elisa Halcyon has a capacity of 174 000 m3, LOA 298 m and 46 m. She is owned by France LNG shipping (NYK & Geogas).

(C) Copyright Gazocean 2025

Source: Gazocean

🏗 LNGShipbuilding

Two shipyards have extended into next year the deadline 🚫 for declaring berths for 17 LNG carriers earmarked for the TotalEnergies-led, 💰24.5bn Mozambique LNG project, as the four-and-a-half-year force majeure is lifted.

Its shareholder partners and the shipowners allocated to yard slots now have until early 2026 to make a call on the nine 9️⃣ berths at HD Hyundai Heavy Industries and the eight 8️⃣ at Samsung Heavy Industries.

In April 2021 TotalEnergies and its partners declared force majeure on the 12.9-mtpa project as the security situation deteriorated with a wave of attacks by Islamist militants 🔥 in the Cabo Delgado region where the liquefaction plant is to be sited.

(C) Copyright Tradewinds 2025

Source: Drilled media

Qatari gas shipowning giant Nakilat has secured financing for 2️⃣5️⃣ LNG carrier newbuildings scheduled to begin delivery next year.

Nakilat has improved its financial flexibility through a financing agreement 💵 with the Export-Import Bank of Korea to support the delivery of its new vessels.

(C) Copyright Tradewinds 2025

Source: Qatar Energy

Chinese shipbuilders' liquefied natural gas (LNG) tanker deliveries are set to reach a record high in October 🏆 with four fifth-generation high value-added, high-tech LNG carriers being delivered 🚢, marking the first time the number reached four in a single month.

Hudong-Zhonghua Shipbuilding Co has received more than 50 LNG carrier orders 🤝, with more than 20 under construction. The company is expected to deliver 11 large LNG carriers this year, setting a new national record for the highest number of deliveries in a single year 🏆.

(C) Copyright Global times 2025

Source: Hudong-Zhonghua Shipbuilding

LNG newbuilding orders are set to pick up next year 📈 as owners get twitchy over berth availability for the vessels needed to cover upcoming demand.

Shipowners are “perplexed” at the instability of regulations, citing the US-China tariff wars 🚨.

GTT Chief executive Philippe Berterottiere said owners would like a more stable environment before making decisions 🎯, particularly as LNG carriers are among the most expensive commercial ships 💵.

(C) Copyright Tradewinds 2025

Source: ADNOC L&S

🤝 LNGContracts

Qatar Energy signed a 17-year Sales and Purchase Agreement (SPA) with Gujarat State Petroleum Corporation (GSPC) 🤝 for the supply of up to 1 million tons per annum (MTPA) of LNG to the Republic of India.

Pursuant to the terms of the SPA, the contracted LNG volumes will be delivered ex-ship 🚢 to terminals in India, starting in 2026.

(C) Copyright Qatar Energy 2025

Source: Qatar Energy

ADNOC has signed a 15-year LNG supply agreement with Shell 🤝 for the delivery of up to 1 million tons per annum (mtpa) of LNG 💧, marking the first long-term LNG partnership with the company and the eighth 8️⃣ offtake deal for the Ruwais LNG project.

With over 80% of Ruwais LNG’s 9.6 mtpa capacity now contracted just 16 months after FID, ADNOC continues to set new benchmarks for speed to market and reliability in delivering lower-carbon LNG to the world 💧.

(C) Copyright ADNOC 2025

Source: ADNOC

💧 LNGBunkering

Vizhinjam International Seaport is set to become India’s first ship-to-ship LNG bunkering facility 🥇, marking a transformative step in the country’s maritime energy transition.

Conceived as a dedicated LNG refuelling hub for international vessels, the project will provide a cleaner and more sustainable alternative 🔥 to conventional marine fuels.

(C) Copyright New Indian Express 2025

Source: India seatrade news

OLT Offshore LNG Toscana announced the successful completion of the first auctions for Small Scale LNG (SSLNG) service 💵, allocating all available capacity: 12 slots of 7,500 cubic meters each 💧, from November 2025 to November 2026.

FSRU Toscana is the first terminal in Italy to offer SSLNG service, confirming its strategic role in supporting the development of the LNG supply chain, energy diversification, and the decarbonization of maritime and heavy transport 🌎.

(C) Copyright OLT Offshore LNG Toscana 2025

Source: OLT Offshore LNG Toscana

🔥 LNGAsFuel

Daphne Technology and Maran Gas announced the successful conclusion of the first shipboard pilot installation of SlipPure 🎊, Daphne’s plasma-catalytic methane slip aftertreatment system.

SlipPure abates methane in exhaust gases, splitting the gas 🚫 into CO2 and water using the plasma-catalytic process. The first of its kind retrofit on Maran Gas Chios enabled the partners to test the technology under the rigors of real world operations at sea 🎯.

(C) Copyright Seatrade Maritime 2025

Source: Maran Gas

👨‍💻 LNGJobs

Bernhard Schulte Shipmanagement is looking for :

Chief Engineers 🎯

Requirements

  • LNG Experience

📺 LNGAds

ADIPEC 2025 returned to Abu Dhabi this week from 3–6 November under the theme “Energy. Intelligence. Impact.” — bringing together 205,000+ attendees, 1,800 speakers, and 2,250 exhibitors from across the global energy, technology, and finance sectors.

Register now to join the world’s meeting place for energy, AI, and innovation:

Have a great week ahead !

Mustapha 👋🏻

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