Japex buys two spot LNG cargoes

Japex said it bought two substitute spot LNG cargoes at significantly higher prices to replace shipments originally due from the Persian Gulf, as the Strait of Hormuz disruption continues. While the company says gas and power supply remain secure, it warned that higher LNG procurement costs and the suspension of output at Iraq’s Garraf oil field could cause a significant drop in profits in fiscal Q1 2026.

‍

Contracts

July 4, 2025

BP seals LNG SPA with Italy’s A2A

BP has signed a long-term SPA with Italy’s A2A

Glencore, Commonwealth LNG finalize 20-year supply deal

Contracts

July 2, 2025

Glencore, Commonwealth LNG finalize 20-year supply deal

Switzerland-based Glencore has finalized a SPA with Kimmeridge's Commonwealth LNG to purchase 2 mtpa of LNG for 20 years from Commonwealth's planned export terminal in Cameron, Louisiana. The deal also includes a natural

Liquefaction/Upstream

April 3, 2026

Woodside resumes NWS LNG production

Woodside has resumed LNG and domestic gas production at the North West Shelf project’s Karratha plant after tropical cyclone Narelle disrupted operations in Western Australia.

Japex buys two spot LNG cargoes

Related posts