Capital Pressure

March 27 to April 1, 2026 News

1. PRIMARY CAPITAL MOVEMENTS

No articles in this batch qualify. All capital activity is pre-decisional — FEED awards, MOU extensions, and viability assessments rather than committed capital.

2. SECONDARY CAPITAL SIGNALS

• JGC Corporation / Hyundai E&C: Selected as EPC contractor candidate for Papua LNG's ~4 MTPA low-carbon liquefaction plant (three 1.33 MTPA trains) at Port Moresby, with contract award and notice to proceed contingent on a 2026 FID by operator TotalEnergies and partners ExxonMobil, Santos, and ENEOS Xplora. (JGC press release)
• INPEX: Extended its MOU with PT Pertamina on the Abadi LNG Project in Indonesia's Masela Block and signed a separate upstream MOU with PT Pertamina Hulu Energi covering Indonesia and Southeast Asia. No binding commitments, volumes, or timelines disclosed (INPEX press release)
• LNG Canada: Awarded FEED to Técnicas Reunidas subsidiary TR Canada E&C for Phase 2 of the Coastal GasLink pipeline — five additional 30MW compressor stations that would double capacity from 2.1 to potentially 5 Bcf/d using existing infrastructure. (Técnicas Reunidas press release)

3. PROJECT ECONOMICS RESPONDING TO CAPITAL PRESSURE

• New Zealand government: PM Christopher Luxon confirmed the planned ~NZ$1 billion (~$600M) Taranaki LNG import terminal will only proceed if the business case is economically viable, with procurement ongoing among multiple bidders and a 2027–early 2028 target. (Reuters)