Dec 29, 2025 : Woodside and BOTAS agreement
Woodside and BOTAS finalise long-term LNG supply agreement - PDF Woodside Press Release
South Korea’s climate pledge to cut coal, lower emissions clash with US push for LNG purchases - AP
Malaysia must prepare for future realities in natural gas industry - The Edge Malaysia
New Zealand Faces Growing Gas Supply Risk - OilPrice.com
China’s LNG Imports Set to Climb a Second Month, Kpler Data Show - Bloomberg
Australia's Woodside signs binding LNG supply deal with Turkey's BOTAS - Reuters
Woodside signs long-term gas supply deal with Turkish operator - Upstream Online (Subscription)
PV Gas plans over $3.8 bln investment for 2026-2030, eyes LNG infrastructure, M&A as priorities - The Investor
Japan LNG imports from North America set to triple by 2030 - Nikkei
Mergers Likely for Europe's €635 Billion Chemicals Sector - Bloomberg
10 things to know from the news of last week.
1. Russia’s LNG Expansion Timeline Has Slipped by Several Years
Russia’s plan to reach 100 mtpa of LNG production has been delayed well beyond 2030 due to sanctions, construction bottlenecks, and Arctic execution risk—removing a major tranche of expected global supply.
Read This: Reuters
2. Russian LNG Production Is Already Declining
Russian LNG output fell 3.3% year-on-year through November, showing that constraints are no longer theoretical but are already tightening available supply.
Read This: LNG Prime
3. Southeast Asia Import Growth Engine
Vietnam committed more than $3.8 billion to LNG terminals and pipelines as domestic gas depletes, cementing a long-term shift toward LNG imports.
Read This: The Investor
4. Vietnam Is De-Risking LNG-to-Power Projects
Vietnam’s prime minister ordered regulators to resolve bottlenecks at GS Energy-backed LNG projects, signaling urgency to convert LNG plans into bankable execution.
Read This: The Investor
5. Japan Is Rebalancing Toward North American LNG
Japan’s contracted LNG volumes from the U.S. and Canada are set to nearly triple by 2030, reflecting a strategic pivot away from traditional Asia-Pacific suppliers.
Read This: Nikkei
6. China’s LNG Demand Remains Structurally Weak
China’s domestic LNG prices fell to a five-year low, reflecting weak industrial demand and high inventories, despite a short-term rebound in imports.
Read This: Bloomberg
7. Australia Has Introduced Structural Policy Risk to LNG Exports
Australia confirmed a mandatory 15–25% domestic gas reservation from 2027, constraining future LNG export volumes and increasing contract renewal risk.
Read This: Reuters
8. Europe’s Industrial Demand Base Is Eroding
Closures and consolidation in Europe’s chemicals sector are reducing long-term industrial gas demand, weakening the structural floor for LNG imports.
Read This: Bloomberg
9. U.S. LNG Capacity Is Ramping Up Possibly Faster Than Demand Clarity
Cheniere completed another Corpus Christi Stage 3 train ahead of schedule, reinforcing U.S. supply growth even as Asia’s absorption weakens.
Read This: Reuters
10. LNG Prices Are Soft Despite Rising Structural Supply Risks
Asian spot prices remain weak amid Chinese demand softness and European oversupply, masking medium-term tightening from Russia delays and Australian policy shifts.
Read This: Reuters