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LNG Role Report - July 14, 2026

LNG Role Report - July 14, 2026

Head of LNG Supply & Portfolio

  1. Pakistan LNG launched another July spot tender after renewed Hormuz disruption cancelled an expected Qatari cargo. Read This: OilPrice.com
  2. Qatari exports remained constrained after no LNG tankers were observed exiting Hormuz for several consecutive days. Read This: OilPrice.com
  3. Global LNG trade reached 56.3 Bcf/d during 2025, with America supplying 26% of total exports. Read This: U.S. EIA
  4. U.S. LNG exports are forecast to rise from 15.1 Bcf/d in 2025 to 17.4 Bcf/d during 2026. Read This: U.S. EIA
  5. The LNG glut is now forecast for 2028 instead of 2027 because of Middle East conflict and project delays. Read These: Bloomberg, Ira Joseph

Director of LNG Origination

  1. Shell reached final investment decision on a Bahamas regasification terminal and acquired 40% of its project company. Read This: Pipeline & Gas Journal
  2. The Bahamas terminal will receive LNG from Shell’s U.S. portfolio for electricity generation on New Providence. Read This: Pipeline & Gas Journal
  3. Pakistan LNG issued its second spot tender in two weeks and could purchase four July cargoes. Read This: OilPrice.com
  4. Gulf states may provide U.S. trade and investment commitments after Washington abandoned its proposed Hormuz cargo fee. Read This: Reuters
  5. Future LNG oversupply is expected to peak during 2031–2032 after multiple delayed liquefaction projects enter service. Read This: Bloomberg

Director of LNG Shipping & Chartering

  1. Al Bahyah and tanker Mombasa were struck by Iranian cruise missiles in Hormuz, causing casualties and significant damage. Read This: The National
  2. ADNOC L&S operated both attacked vessels, including LNG carrier Al Bahyah and time-chartered tanker Mombasa B. Read This: The National
  3. Hormuz traffic showed no observed LNG tanker exits for days as renewed hostilities disrupted Qatari shipments. Read This: OilPrice.com
  4. The proposed 20% fee on Hormuz cargoes was withdrawn one day after its initial announcement. Read This: Reuters
  5. Iranian shipping remains subject to a declared U.S. blockade covering vessels and cargo connected with Iranian ports. Read This: Reuters

Director of LNG Policy, Regulation & Market Access

  1. The United States abandoned its proposed 20% Hormuz cargo fee following discussions with Middle Eastern governments. Read This: Reuters
  2. The Iranian blockade remains limited to vessels using Iranian ports or carrying cargo connected with Iran. Read This: Reuters
  3. International law guarantees transit passage through international waterways and restricts coastal-state charges except for specific vessel services. Read This: Reuters
  4. The Bahamas sanctioned a new LNG terminal supporting government plans to replace imported diesel and fuel oil. Read This: Pipeline & Gas Journal
  5. EU sanctions contributed to an 8% decline in Russian LNG exports, equivalent to 0.4 Bcf/d, during 2025. Read This: U.S. EIA

Director of LNG Project Finance & Investment

  1. Shell acquired a 40% interest in New Providence Gas after sanctioning the Bahamas regasification terminal. Read This: Pipeline & Gas Journal
  2. New Providence Gas will construct, own and operate the Clifton Pier LNG terminal with Sun Oil Holdings. Read This: Pipeline & Gas Journal
  3. Project delays and Middle East conflict pushed BloombergNEF’s anticipated LNG oversupply date back one year to 2028. Read This: Bloomberg
  4. BP expects stronger gas prices to add $500–700 million to second-quarter gas and low-carbon earnings. Read This: Reuters
  5. BP net debt declined to approximately $22–23 billion at June-end from $25.3 billion in March. Read This: Reuters

Global LNG Portfolio Trader & Optimization

  1. Global supply concentration increased as the United States, Qatar and Australia produced 63% of 2025 LNG exports. Read This: U.S. EIA
  2. China’s gas imports rose 3.7% year-on-year in June but fell 3.4% across the first half. Read This: Reuters
  3. Asian LNG imports fell 4% to 35.7 Bcf/d during 2025, driven mainly by lower Chinese demand. Read This: U.S. EIA
  4. European LNG imports increased 29%, or 3.8 Bcf/d, during 2025 after Russian pipeline flows declined. Read This: U.S. EIA
  5. Egyptian LNG imports increased from 0.3 Bcf/d in 2024 to 1.2 Bcf/d during 2025. Read This: U.S. EIA

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