Jan 9, 2026 : Asia spot prices slip on tepid demand
Asia spot prices slip on tepid demand - Reuters
India's BPCL issues tender for LNG term contract - S&P Global
US Developer Glenfarne Launches Financing for Texas LNG Project - Bloomberg
U.S. Natural Gas Weekly Update for week ending January 7, 2026 - U.S. EIA
How might the evolving situation in Venezuela affect global oil and LNG markets? - J.P. Morgan
Geopolitics And Energy Security: What Recent Moves Say About Africa’s Global Gas Role - eurasiareview
EU imports of Russian LNG gave Moscow €7.2bn in 2025 - Brussels Signal
In 2025, U.S. natural gas spot prices increased from 2024’s record low - U.S. EIA
Shale chiefs warn Trump that Venezuelan oil will hobble US drillers - Financial Times (Subscription)
Vietnam's first LNG power complex starts commercial operation - VnEconomy
Alaska LNG Signs Preliminary Deal to Supply Gold Mine - Energy Intelligence (Subscription)
Norwegian Natural Gas Output Decline Widens Path for More U.S. LNG to Europe - Natural Gas Intelligence (Subscription)
Atlantic LNG rates dip to $48,000 per day - LNG Prime (Subscription)
‘Writing on the wall’ for LNG prices as record wave finally hits - The Australian Financial Review (Subscription)
LNG Signals The Week of January 5-9, 2026
🔹 STRUCTURAL SUPPLY SIGNALS (2026+)
1. Global · Record supply wave exceeding 150 million tonnes over three years begins commissioning in 2026, shifting pricing power structurally toward buyers through decade-end.
Read this: 'Writing on the wall' for LNG prices as record wave finally hits — The Australian Financial Review
2. Canada / LNG Canada · LNG Canada's second train restart drives January exports to record levels, tightening Western Canadian gas balances and establishing structural demand floor for basin pricing.
3. West Africa / GTA · Greater Tortue Ahmeyim reached nameplate capacity with cargo liftings expected to double in 2026, adding material Atlantic Basin supply as the project transitions to sustained commercial operations.
Read this: Kosmos Energy Provides Operational and Financial Update — Kosmos Energy
4. Mozambique · UK financing withdrawal increases Mozambique LNG's cost of capital and extends development timeline, delaying a material East African supply source.
5. US Gulf Coast / Texas LNG · Texas LNG advances toward financing close with CIBC and Mizuho as advisors, adding 4 mtpa of incremental capacity targeting 2028 commercial operations.
Read this: US Developer Glenfarne Launches Financing for Texas LNG Project — Bloomberg
6. Russia / Arctic · Russia completes first domestically assembled Arc7 carrier, doubling Arctic LNG 2's constrained winter export capacity while maintaining sanctions-circumvention logistics via shadow fleet.
🔹 FLOW & LOGISTICS SIGNALS
7. Russia / Arctic · Arctic LNG 2 activates shadow fleet transshipment via sanctioned vessels in Ura Bay to bypass Western restrictions, complicating sanctions enforcement while enabling Novatek to monetize stranded production.
Read this: A secretive LNG transshipment scheme takes shape outside Kola Peninsula — The Barents Observer
8. Global Trade Patterns · Intra-basin flows now account for two-thirds of global LNG trade, driven by US-to-Europe displacement that increases fleet productivity and compresses ton-mile demand.
9. Global FSRU · FSRU-based LNG imports reached record 67.1 million tonnes in 2025, up 35% year-on-year, signaling accelerated reliance on floating regasification as flexible import solution.
Read this: FSRU use for LNG imports hits record high in 2025, Fearnleys says — TradeWinds
🔹 DEMAND & CONTRACTING SIGNALS
10. Vietnam · Vietnam's first LNG power complex enters commercial operation with 1,624 MW capacity, converting the country from prospective to active importer in Southeast Asia.
Read this: Vietnam's first LNG power complex starts commercial operation — VnEconomy
11. Vietnam / Shell · Shell wins Vietnam's first-ever term LNG contract, securing 400,000 tonnes annually through 2031 and marking structural shift from spot-only procurement.
Read this: Petrovietnam Gas awards first-ever LNG term contract to Shell — Reuters
12. Germany · German FSRU grid injections rose one-third year-on-year to 79 TWh with utilization exceeding European average, confirming structural pivot toward LNG import dependency.
Read this: DET Increases Contribution to Security of Supply by More Than One Third — Deutsche Energy Terminal
13. China · Chinese contracted LNG volumes set to increase by 20 mtpa over coming years, positioning buyers to influence regional spot pricing through discretionary re-export rather than domestic demand growth.
Read this: Chinese LNG under long-term contract will be shooting up over the next few years — @ira_joseph via X
14. Turkey / Azerbaijan · Azerbaijan's 15-year pipeline agreement with Turkey for 33 bcm locks in long-term volumes that reduce Turkish incremental LNG import demand through the 2040s.
Read this: Azerbaijan and Türkiye ink agreement on 33 bcm of gas supply — APA Group
15. India / BPCL · Bharat Petroleum issues 10-year term tender with hybrid JKM-Brent indexation shifting to crude-linked post-2029, reinforcing India as structural Asian demand anchor.
Read this: India's BPCL issues tender for LNG term contract — S&P Global
16. China · Rural heating demand destruction in northern China reflects affordability collapse following subsidy withdrawal, creating downside exposure for contracts positioned on residential sector growth.
Read this: Chinese villagers shiver in winter as gas subsidies phased out — Bloomberg
🔹 POLICY & REGULATORY SIGNALS
17. EU / Russia · EU Russian LNG ban approaching April 2026 implementation will redirect approximately 15 million tonnes per year toward Asian markets, creating immediate European reallocation pressure.
Read this: EU imports of Russian LNG gave Moscow €7.2bn in 2025 — Brussels Signal
18. Japan / Nuclear · Japan's nuclear regulator may restart Chubu Electric's Hamaoka review from scratch following data falsification, sustaining structural LNG import dependence in Japan's central region.
Read this: Japan regulator says it may start Chubu Electric nuclear review from scratch — Reuters
19. Venezuela · US assumption of indefinite control over Venezuelan oil production reduces LNG-to-power substitution pressure in Latin America while opening medium-term Trinidad feedgas optionality via Dragon field.
Read this: Trump Says U.S. Oversight of Venezuela Could Last for Years — The New York Times
20. US Shale · Venezuelan crude expansion policy targeting sub-$60 oil threatens shale drilling economics, constraining associated gas production that feeds Gulf Coast LNG export capacity.
Read this: Shale chiefs warn Trump that Venezuelan oil will hobble US drillers — Financial Times
21. Canada / BC LNG · Federal referral of two major Canadian LNG projects totaling 46 mtpa to major projects office signals intent to de-risk permitting timelines for North American supply growth.
Read this: How B.C. LNG projects could benefit from referral to federal major projects office — Vancouver Sun
22. US / Exports · Trump approval of three new LNG export facilities and elimination of permitting pauses accelerates capacity expansion toward doubling volumes by 2030, intensifying domestic price transmission from international markets.
Read this: Are exports to blame for surging US gas and electricity prices? — Financial Times
🔹 PRICING & MARKET STRUCTURE SIGNALS
23. Global Oversupply · Global LNG markets enter 2026 structurally oversupplied as new US capacity commissions into weakening demand, compressing netbacks toward curtailment threshold.
Read this: From Oil to LNG, Too Much Supply Is Still the Problem in 2026 — OilPrice.com
24. US Feedgas · US gas production stagnation since July 2025 tightens domestic supply and creates structural competition between power generation and LNG export feedgas.
25. Canada / AECO · Canadian gas prices projected to rise substantially in 2026 as LNG Canada absorbs Western Canadian surplus, confirming liquefaction infrastructure is materially rebalancing regional markets.
26. Asia Spot · Asia spot LNG prices declined to approximately $9/mmBtu amid weak Northeast Asian demand, with JKM-TTF spread narrowing sufficiently to redirect US arbitrage flows toward Europe.
Read this: Asia spot prices slip on tepid demand — Reuters