Role Signal Board — May 14, 2026
ORIGINATION
Venture Global pricing unsold 2026 cargoes at $9.50-$10.50/mmBtu liquefaction fee — double last year; 3+ mtpa new SPAs since war began. Read This: Reuters
Chiyoda eyeing EPC for QatarEnergy's 12.8 mtpa damaged trains; process early stage; Honeywell sole-source heat exchangers 4-5 year lead. Read This: Upstream Online
Samsung Heavy signed $504M contract for two LNG carriers for Oceania client; delivery June 2029. Read This: Yonhap News
Ecopetrol Puerto Bahia regas on track for 2026 supply start; 13 market agents contracted; 7-year volumes secured. Read This: bn Americas
PORTFOLIO
Taiwan received zero Qatar/UAE cargoes April-May; spot reliance surging from 30% to 60-65%; US LNG imports hit record 700K t in April. Read This: OilPrice.com
US LNG departures hit 37 vessels / 141 Bcf (+26 Bcf w/w) — strongest export week of the chain. Read This: U.S. EIA
China Xi told Trump wants more US oil to reduce Hormuz dependence; opposed transit tolls; three LNG vessels en route Tianjin. Read This: Bloomberg
PROCUREMENT
Ichthys strike talks enter final day; if notice served Friday, stoppages as soon as May 20 at 9.3 mtpa facility. Read This: Reuters
Woodside Offshore Alliance strike action starting Wednesday at Karratha gas plant and Pluto LNG in Western Australia. Read This: Reuters
Taiwan 11 days LNG cover; gas generates 50% of electricity; secured through September via Australian contracts and spot. Read This: OilPrice.com
Philippines warned of 7-hour power cuts; 27 plant outages; spot electricity market suspended on fuel supply risks. Read This: Reuters
Pakistan discharged record 210,250 cbm / 92,510 MT from Al Kharaitiyat at Port Qasim — largest LNG cargo ever at the facility. Read This: Business Recorder
SHIPPING
LNG freight Atlantic spot 2.7× YoY, Pacific 2.8× YoY; Baltic 6-month period rates +160% YoY, 1-year +117%, 3-year +49%. Read This: Lloyd's List
Hormuz transits ticking up — 10 large vessels since Sunday including two India-bound LPG carriers; deadlock in peace talks persists. Read This: Bloomberg
NYT confirmed ~1,600 vessels trapped near Hormuz; 14 full Qatari LNG tankers stranded inside; 118 empties outside. Read This: New York Times
GREENFIELD DEVELOPMENT
LNG Canada Phase 2 FID target year-end 2026; JV partners released hundreds of millions May 1; enhanced cooperation with Canada/BC governments. Read These: Reuters CBC
Cornyn-Fetterman LNG Export Security Act introduced — bipartisan bill to prevent future presidential export moratoriums. Read These: Houston Chronicle @ira_joseph via X
Ecopetrol Puerto Bahia regas 2026 start; gas imports meeting 26% of Colombia demand in 2026 versus 18.4% in 2025; El Niño upside. Read This: bn Americas
CAPITAL & INVESTMENT
Inpex raised FY2026 net profit forecast to ¥350-450B; cut production forecast on Abu Dhabi Hormuz losses; Ichthys ~10 cargoes/month prioritising Japan. Read This: Reuters
Atlantic LNG appointed Donnie Brown as CEO replacing Jean Andre Celestin; ex-bp SVP Safety and Operational Risk. Read This: Trinidad Express
RISK
NYT confirmed Honeywell sole-source cryogenic heat exchangers for Qatar damaged trains; 4-5 year procurement lead; single US manufacturer. Read This: New York Times
Ichthys 9.3 mtpa strike as soon as May 20 if Friday talks fail; Woodside Karratha/Pluto strike starting Wednesday — compound Australian labor risk. Read This: Reuters
Taiwan zero Gulf cargoes since April; 11 days LNG cover; nuclear restart before 2028 unrealistic; Hsinda 2 GW coal backup available. Read This: OilPrice.com
Freeport LNG Train offline again scheduled maintenance; feedgas 1.6 Bcf/d versus 2.4 capacity; return in several weeks. Read This: Reuters
POLICY & REGULATION
Iran expanded Hormuz "operational area" from Jask to Siri Island — 10× wider; sovereignty bill progressing alongside failed diplomacy. Read This: Reuters
Cornyn-Fetterman LNG Export Security Act would require permitting based on economic and national security interests only. Read This: Politico Pro
Japan PM Takaichi directly contacted Iranian president for Eneos tanker transit; 39 Japan-related vessels still stuck in Gulf. Read This: Reuters