Middle East
Price rise as Iran war hostilities flare, LNG supply tightens
Dutch and British wholesale natural gas contracts rose on Wednesday morning as fresh strikes in the Gulf cloud the outlook for any peace deal and the reopening of the Strait of Hormuz and as a strike in Australia could curb global liquefied natural gas (LNG) supply further.
New analysis sheds forecast three global LNG market scenarios as Iran conflict removes 20% of global supply
Wood Mackenzie has published new analysis outlining three distinct outcomes for global LNG markets following the closure of the Strait of Hormuz. The conflict has removed more than 80 million tons per annum (Mtpa) of LNG from world markets, equivalent to 20% of global supply. The longer the strait r..
IEA: Natural gas spending to hit 10-yr high in 2026 as oil investment falls
As global energy markets remain disrupted by the Iran war, which has halted tanker traffic through the Strait of Hormuz and caused production stoppages across the Middle East, companies are accelerating investment in other geographies and boosting spending on renewables, LNG and coal to shore up supply security.
Not everybody is a loser from the Iran war—just ask Brunei
The focus from the Iran conflict has largely been on the increasing cost the world is having to pay through higher crude oil and natural gas prices resulting from the effective closure of the Strait of Hormuz.
QatarEnergy extends force majeure until mid-August, Italy's Edison says
Edison holds a long-term contract with QatarEnergy for the supply of 6.4 Bm3y of liquefied natural gas per year to Italy which has been impacted since April by disruptions linked to the Iran war.
ADNOC deploys heavy-duty inspector robot for hazardous environments
ADNOC co-develops next generation ‘operator’ robot to lift heavy equipment and operate with precision in harsh industrial environments AI, autonomous systems and robotics are driving smarter energy production across the UAE ADNOC has successfully deployed Taurob’s heavy-duty inspector robot at..
ADNOC signs two strategic collaboration agreements with Indian partners
The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.
Iraq, Pakistan strike energy deals with Iran as Tehran flexes Hormuz control
The U.S. has blockaded Iranian ports in recent weeks. And though Iran initially sought to halt traffic through the strait, that stance is now changing.
Seven markets to track if peace breaks out in the Middle East
Here are key charts - across crude, products, shipping, gas, industrial commodities and equities - to gauge whether markets are pricing a temporary easing of tensions or a structural shift in global supply and demand if a peace deal emerges.
QatarEnergy extends force majeure on Edison LNG supply to early July
Edison, a unit of French energy group EDF, said in a statement that QatarEnergy would not deliver the two cargoes, on top of the 10 that have been cancelled since the start of the U.S.-Israeli war on Iran.
Second ADNOC LNG tanker crosses Strait of Hormuz amid Iran war
The 136,357-m3, Mraweh, which is chartered by ADNOC GAS, was shown loaded off Indonesia on Wednesday.
Petronet expects Qatar to start LNG exports in 3–4 wks of Iran war end
Petronet has started getting supplies under its new 1.2-MMtpy supply deal with ExxonMobil from Australia's Gorgon project
U.S. LNG exports to Asia surged in April as Middle East conflict curtailed supply
Nearly a quarter of all U.S. LNG exports went to Asia during the month, marking a sharp increase since the conflict began in late February and underscoring the growing role of the U.S. as a swing supplier amid elevated prices and strained global gas flows.
UAE's ADNOC to invest tens of billions to build U.S. gas business
The strategy is to diversify XRG's commodity exposure by operating across the entire gas value chain.
ADNOC LNG tanker crosses Strait of Hormuz for first time since Iran war
The 136,357-m3 tanker, which is managed by Adnoc Logistics & Services and was last seen in the Gulf on March 30, has shown up off the west coast of India, suggesting it has crossed the Strait of Hormuz after several weeks without signal.
IEA: Middle East conflict could cause 120 Bm3 of LNG supply loss from 2026–2030
The loss will ultimately be offset by the starting of new liquefaction facilities but the impact on growth will be mostly this year and next and will therefore delay the effects of an expected wave of LNG supply from new projects.
International LNG prices rise amid Strait of Hormuz closure
Prices for natural gas in Europe and Asia have diverged from those in the U.S. since the February 28 closure of the Strait of Hormuz.
ADNOC receives 6th LNG carrier in $1.2-B fleet order from Jiangnan Shipyard in China
‘Al Taweelah’ is the 6th new-build LNG carrier in a $1.2 billion fleet order placed in 2022 175,000 m³ vessel family strengthens ADNOC L&S’ ability to support reliable global energy supply Fleet expansion supports ADNOC’s integrated upstream and downstream operations ADNOC Logistics & Service..
Energy services group Saipem ‘well positioned’ to win Iran war repair contracts
The cost of repairing damage resulting from the war and restoring energy-linked infrastructure could hit $58 B, Rystad Energy said in a recent report, with oil and gas facilities alone facing a potential bill of $50 B.
Turkey says Iran gas pipeline contract nearing expiry, no talks yet on extension
The agreement, due to expire in July, provides for delivery of 9.6 Bm3y of gas, but actual flows have often fallen short.
Iran ceasefire eases fears but LNG sector left scarred
A Middle East ceasefire signals de-escalation, but the conflict has scarred the global LNG industry, denting confidence in Gulf suppliers and raising doubts among Asian buyers, particularly poorer countries, over the fuel’s reliability and affordability, a top industry executive said.
QatarEnergy preparing for LNG production startup
In March, QatarEnergy halted production of LNG and associated products due to military attacks on facilities in Ras Laffan and Mesaieed.
Loaded Qatar LNG vessels retreat after nearing Strait of Hormuz
Had the vessels successfully crossed the strait, it would have been the first transit of LNG cargoes through the waterway since the U.S.-Israel war with Iran began on February 28.
ADNOC Gas says domestic demand still being met after Habshan attack
ADNOC Gas said that domestic demand in the UAE was being met through its other facilities after its Habshan complex in Abu Dhabi was hit by debris from an intercepted attack on Friday. The attack, which killed one Egyptian citizen, "caused damage to certain facilities" at the Habshan complex, ADNOC..
Japanese-owned LNG tanker crosses the Strait of Hormuz
Until U.S.-Israeli attacks on Iran began at the end of February, leading to the effective closure of the Strait, it was the route for about a fifth of global oil and liquefied natural gas supplies.
Saudi Aramco and Sonatrach raise LPG prices for April by between 38% and 80%
Saudi Arabia's state oil producer Saudi Aramco and Algeria's Sonatrach have raised official selling prices for liquefied petroleum gas in April by between 38% and 80% due to limited global supply, traders said. The war in the Middle East has led to the largest energy supply crisis in decades, pushi..
Mexico’s AMIGO LNG Signs 20-Year Supply Deal with Abu Dhabi’s IRH
International Resources Holding (IRH), part of 2PointZero Group, has signed a 20-year agreement to purchase 1 MMtpy of LNG from Mexico’s AMIGO LNG export project in Guaymas, Sonora. Deliveries are set to begin in the second half of 2028, once the facility becomes operational. The project’s Pacific c..
Iran war is both a boost and a threat to Australia's LNG
The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.
Edison says Qatar still evaluating impact of Iran attack on LNG supply
A pause in LNG supply until mid‑June, which QatarEnergy notified the Italian utility of last week, was mainly due to the shipping blockade in the Strait of Hormuz.
Kazakhstan decides against Shell, Eni participation in Karachaganak gas plant project
Kazakhstan will not proceed with constructing a gas processing plant at the Karachaganak field in partnership with Shell and Eni, said PSA LLP, the government body overseeing major oil and gas projects under production sharing agreements.
- Cheniere signs deal with Bechtel to expand U.S. LNG export capacity
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- NextDecade to use Honeywell liquefaction technology for 30-MMtpy LNG terminal
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
- SUBLIME Energie inaugurates world's first system capable of liquefying biogas into a renewable fuel
