Multinational TotalEnergies and Oman’s OQ Exploration and Production have broken ground on a 1 mtpa Marsa liquefied natural gas plant at the port of Sohar in northern Oman.
Multinational energy business TotalEnergies, headquartered in France, has posted an 18% year-on-year drop in net income in the first quarter of 2025, falling from $5.1bn to $4.2bn.
China and the US are not heavily reliant on one another for LNG, and the impact of US tariffs on LNG trade flows has so far been limited, according to S&P Global Commodity Insights.
US-headquartered maritime and logistics firm Crowley’s new LNG-powered containership Quetzal is now sailing on routes across the US, central America and Dominican Republic.
Australia’s Woodside Energy has confirmed Sarah Bairstow will join in early May as Senior Vice-President for Louisiana LNG.
Argentine state-owned oil company YPF and multinational energy company Eni have signed a Memorandum of Understanding (MoU) to develop the Argentina LNG project.
Abu Dhabi sovereign investment firm Mubadala Energy has bought a 24.1% stake in Kimmeridge’s SoTex HoldCo, which owns Kimmeridge Texas Gas and Commonwealth LNG – marking its first major investment in the US.
The US position of using tariffs as a commercial negotiating tool appears to be bearing fruit in places, with Taiwan considering tripling US LNG imports to avoid tariffs.
As US and China tit-for-tat tariffs intensify, liquefied natural gas trade continues to be one of the most impacted sectors, following the most dramatic of first quarters.
US-based infrastructure investment firm Stonepeak has bought a 40% interest in Louisiana LNG Infrastructure, owned by Australia-based global company Woodside Energy Group.
