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Liquefied Natural Gas

Liquefied natural gas (LNG) is natural gas that has been cooled to approximately minus 162 °C, transforming it from a gaseous state into a liquid for ease of storage and transportation. The liquefaction process reduces the volume of natural gas by about 600 times, making it economically viable to ship across oceans where pipeline infrastructure is impractical or unavailable. LNG is transported in specially designed cryogenic tankers and regasified at import terminals before being distributed through pipeline networks to end users. The global LNG industry has grown substantially since the 1960s, with major exporting nations including Qatar, Australia, the United States, Russia and Malaysia, while key importers include Japan, China, South Korea and European nations. LNG serves as a critical fuel for power generation, industrial processes and increasingly as a marine fuel, and is often positioned as a transitional energy source in the shift away from coal and oil. The industry requires significant capital investment in liquefaction plants, shipping fleets and regasification terminals, with projects typically structured around long-term supply contracts. LNG prices are influenced by regional gas market dynamics, oil price indexation in some contracts, shipping costs and geopolitical factors affecting supply security. Environmental considerations include methane emissions during production and transport, though LNG combustion produces lower carbon emissions than coal or oil. The sector faces growing scrutiny regarding its role in energy transition strategies, with debate over whether it represents a bridge fuel or a lock-in to fossil fuel infrastructure.

Liquefied Natural Gas News


Ulan coal mine in Australia
Global coal demand forecast to rise by 1.2% in 2026 to a record 8.94bn tonnes due to Middle East conflict, IEA says
Updated 2 hours 16 minutes ago By: Reuters

Global coal demand is forecast to rise by 1.2% in 2026 to a record 8.94-billion tonnes due to the Middle East conflict, the International Energy Agency (IEA) said on Thursday. Disruptions to oil... 


A shale gas project in Australia
Australia's shale players say they've learnt from mistakes made in the LNG boom
4th September 2026 By: Reuters

Developers of shale gas in Australia's Northern Territory say they plan to replicate the liquefied natural gas (LNG) boom in the State of Queensland, but without the duplication of infrastructure... 


Naimon Capital executive director Roland Tatnall
Conflating power and gas cliffs will lead to sub-optimal outcomes, energy specialist warns
4th September 2026 By: Terence Creamer

South Africa’s response to the gas-supply cliff, which will arise as supply to industrial users from Mozambique falls away later this decade, should be treated separately from the country’s moves... 


Australia's Beetaloo Basin
Australia's new shale basin Beetaloo sends first gas to market
1st September 2026 By: Reuters

Developers of Australia's Beetaloo basin sent the first gas from the project north to Darwin on Tuesday in what they hope will demonstrate steady flows that can underpin wider commercialisation of... 


An image of an offshore gas rig
Greater PAJ project, Angola
28th August 2026 By: Sheila Barradas

The Greater PAJ project is Angola’s first integrated cross-block development. It is an offshore oil development integrating hydrocarbon resources across two adjacent concessions and brings... 


The above image depicts members of the USTDA and Powergas Nigeria
LNG technology improves energy access in Nigeria
28th August 2026

To strengthen energy access and security in northern Nigeria, US government agency, the US Trade and Development Agency (USTDA) is supporting the deployment of US liquefied natural gas (LNG)... 


Solar panels at a mine in South Africa
South African miners accelerate shift to renewable power to cut Eskom reliance
26th August 2026 By: Reuters

South Africa's mining firms are accelerating investment in renewable energy as they seek to diversify power sources, cut costs and meet decarbonisation targets, marking a shift after decades of... 


Woodside Energy CEO Liz Westcott
Woodside scraps clean energy target, posts 7% first-half profit rise
25th August 2026 By: Reuters

Australia's largest independent dedicated oil and gas company Woodside Energy on Tuesday abandoned a longer-term emissions target and $5-billion in planned clean energy spending by 2030 to focus on... 


Norway Energy Minister Terje Aasland
Norway will drill in Arctic regardless of EU's position, says energy minister
24th August 2026 By: Reuters

Norway will continue developing its oil and gas resources in the Barents Sea regardless of the European Union's support for a moratorium on Arctic hydrocarbon supplies, and no longer sees itself as... 


Driving Africa’s digital journey
Driving Africa’s digital journey
21st August 2026

Driving Africa’s digital journey Standard Bank Corporate & Investment Banking Executive VP for Telecommunications, Media & Technology (TMT) Client Coverage Kwanele Onyango is focused on partnering... 


Mozambique flag
ExxonMobil awards $1.1bn in contracts for Mozambique's Rovuma LNG project
18th August 2026 By: Reuters

ExxonMobil said on Monday it has awarded about $1.1-billion worth of pre-investment contracts for certain upstream equipment for the Rovuma LNG Phase 1 project in Cabo Delgado. The US oil major... 


ConocoPhillips' Willow project in Alaska
New ConocoPhillips CEO inherits $7bn cash flow pledge riding on Alaska oil project
11th August 2026 By: Reuters

Andy O'Brien will succeed longtime ConocoPhillips CEO Ryan Lance next month and will inherit a major Alaska oil project to complete, costs to control and a share price that has recently lagged... 


ADNOC project called Hail & Ghasha
ADNOC greenlights $6.2bn Umm Shaif Gas Cap project
21st July 2026 By: Reuters

Abu Dhabi's State energy company Abu Dhabi National Oil Company (ADNOC) has taken a $6.2-billion final investment decision (FID) to develop the Umm Shaif Gas Cap, in an acceleration of its... 


Jade Gas drill rig in Mongolia
Jade Gas secures A$1bn funding for coal bed methane gas, LNG development in Mongolia
20th July 2026 By: Marleny Arnoldi

ASX-listed Jade Gas has executed a non-binding collaboration agreement with a consortium comprising PT Beijing Energy Linking (PTBEL), its lead contractor, and subcontractors PetroChina and Hunan... 


LNG plant
LNG exports set to add $1.4trn to US GDP through 2040, S&P Global Energy says
17th July 2026 By: Reuters

Liquefied natural gas (LNG) is poised to become the US' second-largest net export industry within five years, adding nearly $1.4-trillion to its GDPthrough 2040, according to an S&P Global Energy... 


LNG Canada tank
LNG Canada offers five First Nations option to invest up to C$1bn in Phase 2 storage tank
15th July 2026 By: Reuters

LNG Canada said on Tuesday five First Nations will have an equity option to invest up to C$1-billion ($710.78-million) to acquire a storage tank planned to be built in a proposed expansion of the... 


Iran oil fields
Oil hits four-week high as US, Iran step up attacks in Strait of Hormuz
14th July 2026 By: Reuters

Oil prices rose on Tuesday to their highest in four weeks, as the US reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows... 


Canada Prime Minister Mark Carney
Canada, Alberta announce new west coast oil pipeline to boost exports
3rd July 2026 By: Reuters

Canada announced plans to build a new oil pipeline from Alberta to the Pacific coast, which would give the world's fourth-largest oil producer greater capacity to export to Asia and ease its... 


ZET director Oliver Naidu and ExxonMobil LNG Market Development Inc chairperson Andrew Barry
ZET says ExxonMobil agreement further strengthens LNG terminal’s commercial foundation
3rd July 2026 By: Terence Creamer

The Zululand Energy Terminal (ZET), which is aiming to build South Africa’s first liquefied natural gas (LNG) import terminal at the Port of Richards Bay in KwaZulu-Natal, has signed heads of... 


LNG vessels
US LNG exports to Europe decline as Asia prices surge, more goes to Africa
2nd July 2026 By: Reuters

For the first time in nearly two years, less than half of US (liquefied natural gas) LNG exports last month went to Europe as stronger prices in Asia and record imports by Egypt diverted cargoes,... 


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