Guangdong Power Prices Near Double Amid LNG Shortage
Power prices in China's industrial hub have almost doubled due in part due to a natural gas supply crunch 🇨🇳⚡ Spot rates in Guangdong climbed to ~680 yuan/MWh — a three-year high. The region is getting 40% less LNG due to the Middle East conflict https://t.co/35yD3WE5zk
Shipping CEO Warns Post‑war World Won’t Revert
A top shipping company: “We will not go back to the world where we used to” “It’s a bit naive to say that, after this has ended, that things will go back to pre-war situations,” said Tamura, CEO of Mitsui OSK Iran...
Qatar Readies US LNG Plant for First Exports
Qatar is preparing to begin exports from its LNG plant in the US 🇶🇦🤝🇺🇸 An empty tanker docked at the Golden Pass facility in Texas this week. The plant is partially owned by QatarEnergy -- its only overseas LNG facility Exports from Qatar...
Russia to Supply China Gas at One‑third Cheaper than Europe
China is getting cheap natural gas from Russia 🇨🇳🤝🇪🇺 The Russian government expects to sell gas to China through 2029 at about a third less than the price paid by Europe (this includes Turkey) https://t.co/LgIAxNwHXq https://t.co/5t7y1oF7zy
Hormuz Strait Unreliable, Threatening 20% Global LNG Supply
IEA'S BIROL: HORMUZ STRAIT LOST ITS STATUS AS RELIABLE About 20% of global LNG supply is locked behind the strait
7.4‑Magnitude Offshore Japan
Magnitude 7.4 quake hits offshore northeast Japan 🇯🇵 ⚠️ A tsunami warning was issued for the region. Tohoku Electric is currently checking the status of its power plants https://t.co/XJ8J5YUBOB
China Revives Coal‑to‑gas Projects to Curb Gas Imports
China is looking to tap cheap domestic coal to limit its exposure to gas imports 🇨🇳👀 A high-profile Chinese coal-to-gas venture that lay dormant for over a decade is set to launch this year. The country has 13 new projects under...
Three LNG Shipments Stalled, Pakistan Faces Heat‑driven Blackouts
There are at least *three LNG shipments* stuck in the Persian Gulf that are supposed to go to Pakistan, according to ship-tracking data 🇵🇰🚢 Pakistan hasn't received an LNG shipment in over a month due to the Hormuz closure. That risks...
European Gas Futures Jump 11% Despite Lower Overall Prices
European natural gas futures rise 11% after Iran closed Hormuz (again) 📈📈 No LNG shipment has been exported from the region since the war in Iran began in late-Feb Still, prices are down from the highs last month. This is partly due...
Asia Reconsiders LNG, Turns to Renewables Amid Iran Conflict
Asia thinks twice about plans to embrace LNG as Iran war chokes supply 🇻🇳 Vietnam gas power project may switch to wind/solar +storage 🇹🇭 Thailand pushes for more renewables 🇨🇳 China wants to use more domestic fuel 🇲🇾 Malaysia aims to pump more gas...
Middle East Conflict Triggers First LNG Export Decline in Decade
Global LNG exports are forecast to DROP this year for the first time in over a decade 🚢⚠️ This is a big turnaround. Analysts expected supply to rise by more than 7% in 2026. But now the Middle East conflict is...
India's LNG Importers Snap up Spot Shipments Despite High Prices
India’s LNG importers have accelerated purchases from the spot market, taking advantage of a recent dip in prices 🇮🇳💰 Several shipments were purchased for April-May delivery around $15/mmbtu (that's still 50% higher than pre-war prices) https://t.co/IuRfMTrXqs
Australian Fuel Crunch Deepens After Refinery Fire
Australia's fuel crunch is set to get worse 🇦🇺🚨 A major fire at one of Australia’s only two oil refineries will shut some of its production. The refinery supplies 10% of domestic demand Australia’s petroleum product supplies were already really tight due...
Pakistan to Impose Evening Rolling Blackouts Amid LNG Shortage
Pakistan plans more rolling blackouts due to a fuel shortage 🇵🇰⚠️ Power supply will be suspended for two hours during the evenings when demand rises Pakistan hasn't received an LNG shipment since early March due to the war in the Middle...
Japan Pledges $10 B to Fuel Southeast Asia
Japan will provide as much as $10 billion in financial support to Southeast Asian countries to help them buy oil 🇯🇵🤝🛢️ This is the biggest effort yet to help cash-strapped developing nations deal with fuel shortages (This benefits Japan. SE Asia key to...