The agreement was signed between GAIL and LNG Japonica Shipping Corporation Ltd, a joint venture between MOL (74 per cent stake) and GAIL (26 per cent stake), on Tuesday during the India Energy Week 2026 in Goa.

Hisashi Umemura, Senior Managing Executive Officer, Director General, Headquarters of Energy Business, MOL, and S Bairagi, Executive Director (International Shipping & LNG), GAIL, signed the agreement.

MOL is the world’s second-largest ship owner by fleet size.

GAIL has a significantly large and diversified LNG portfolio to ensure long-term supply security. With a global LNG portfolio of around 14 MMTPA, GAIL has emerged as one of the leading global LNG players. It is actively involved in the LNG trading business in the international market.

As part of its logistics integration strategy, GAIL has built the largest LNG fleet in the country, strengthening India’s maritime capabilities and ensuring uninterrupted LNG availability to meet the country’s growing domestic demand.

GAIL has chartered six LNG carriers from global fleet owners on a long-term basis to transport the super chilled fuel, including two-time charter agreements with Mitsui O.S.K Lines Ltd and two with NYK Line Ltd, both from Japan.

Of the six LNG carriers it has hired, GAIL has a stake only in ‘GAIL Bhuwan’, which was initially chartered by GAIL for five years in 2021 through a wholly owned subsidiary of MOL. With the five-year time charter for ‘GAIL Bhuwan’ ending this year, GAIL and MOL have signed a fresh ten-year time charter agreement for the LNG carrier.

MOL said it shares a long-standing business partnership with GAIL, and this collaboration further strengthens cooperation in LNG shipping and energy logistics.

The time charter agreement marks an important milestone under the ‘Maritime Amrit Kaal Vision 2047’, reinforcing India’s maritime and energy supply chain capabilities, MOL said. Both MOL and GAIL have set ambitious net-zero emission targets, and this agreement contributes to the realisation of a low-carbon, decarbonised world.

MOL has positioned regional strategy as one of the key pillars of its group management plan ‘BLUE ACTION 2035’, identifying Asia as a region expected to deliver strong economic growth.

MOL has been actively expanding its business presence in India through the scale-up of its energy business, including this project, and further strengthening its partnership with GAIL.

MOL group will continue to play a part in India’s transport and logistics infrastructure, which supports the rapidly growing demand for energy, including natural gas, and contributes to a stable energy supply, MOL said.

https://infra.economictimes.indiatimes.com/news/ports-shipping/mol-and-gail-sign-long-term-charter-deal-for-lng-carrier-gail-bhuwan/127617303

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The company is seeking four cargoes for the calendar years 2026-2029 and then eight a year for the calendar years 2030-2035, officials said.

BPCL had in February last year signed a five-year deal with Abu Dhabi’s ADNOC Gas to receive 40 cargoes or shiploads of LNG totalling 2.5 million tonnes, starting in April 2025. The supply under this agreement will initially be lower and will increase gradually over the first two years.

The new LNG deals that BPCL is seeking prices the gas at different benchmark indices, officials said.

LNG is being sought in a band of USD 6 per million British thermal units (mmBtu) (floor or minimum price) and a ceiling of USD 14 per mmBtu.

For the years 2026 to 2028, LNG is to be priced at 50-50 weightage to Japan Korea Marker (JKM) and Dated Brent 301 (average of Dated Brent over the preceding three months). From 2029 through 2035, the formula shifts to a structure allocating 75 per cent weight to a crude-linked slope and 25 per cent to a Henry Hub-linked formula.

Officials said BPCL is looking to broaden its LNG sourcing portfolio to ensure competitive and dependable gas supplies to cater to India’s rising energy needs.

The company needs gas in its own oil refineries as well as to feed the fast growing city gas network supplying CNG to automobiles and piped gas to households for cooking and industries.

With domestically produced natural gas barely meeting half the country’s demand, India imports the fuel used to generate electricity, produce fertiliser and power city gas, in its supercooled liquid form (LNG).

As a lower-carbon energy source, LNG plays a critical role in global efforts to transition to cleaner energy solutions. India is targeting to raise the share of natural gas in its energy basket to 15 per cent by 2030 from current 6 per cent.

BPCL owns a 12.5 per cent stake in Petronet LNG Ltd, India’s largest LNG importer. It holds marketing rights for 10 per cent of the 7.5 million tonnes a year LNG imported at Petronet’s main Dahej terminal in Gujarat. It has a higher stake in the capacity of the 5 million-tonne Kochi terminal, with marketing rights for 40 per cent of the LNG supplied there.

https://www.theweek.in/wire-updates/business/2026/01/28/bpcl-seeks-4-to-8-annual-lng-cargoes-over-ten-years.html

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K LINE, Gail, and J M Baxi have agreed in principle on the joint ownership of an LNG carrier, which is being built by South Korea’s Samsung Heavy Industries. Upon delivery, the vessel is scheduled to be put into service under a long-term time charter with India’s state-owned gas player.

The three partners held a signing ceremony on January 27, 2026, that was attended by Shri Hardeep Singh Puri, the Minister of Petroleum and Natural Gas of the Government of India. This initiative is part of K Line’s strategy, ‘Acquiring opportunities in future growth markets such as Asia,’ identified in its medium-term management plan.

The Japanese player, which concluded a long-term time charter contract with Gail that was announced on December 2, 2024, has an established long-standing track record of collaboration with J M Baxi in the Indian market through agency services and logistics operations.

By jointly owning the vessel, K Line aims to further strengthen its relationships with both companies and continue to pursue the development of new business opportunities, particularly in the Asian region.

The company intends to continue to expand its long-term contracts and accommodate the growing demand for energy by responding to the diverse needs of its customers in the LNG carrier business.

This LNG vessel arrangement comes shortly after K Line, which entered into bareboat charter contracts and time charter contracts for three of the four liquefied CO2 carriers ordered by Northern Lights, revealed the delivery of the third liquefied CO2 carrier to be engaged by the JV.

https://www.offshore-energy.biz/trio-shakes-hands-on-lng-vessel-south-koreas-shipbuilding-giant-is-bringing-to-life/

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The agreement shall remain valid for a period of five years, with a provision for a further extension upon mutual agreement between Petronet LNG and ONGC, according to a statement from Petronet LNG.

ONGC has evinced interest in entering gas marketing by importing LNG and selling regasified LNG for market and captive use, as the growth of the Indian gas market is supported by the expansion of gas pipelines, city gas distribution (CGD) networks, and LNG regasification terminals.

The agreement aligns with ONGC’s strategic objective of supplementing domestic natural gas production with LNG-based supplies to address the growing demand across various consuming sectors, the statement said.

The Master Regasification Agreement was signed on January 27, 2026, in the presence of Akshay Kumar Singh, Managing Director and CEO, PLL, and Arunangshu Sarkar, Director, Strategy and Corporate Affairs, Oil and Natural Gas Corporation Limited, at India Energy Week 2026, held at ATI ONGC, Goa.

ONGC is one of the promoters and is a related party of PLL. The CMD of ONGC is one of the Nominee Directors on the Board of PLL, in accordance with ofthe provisions of the Articles of Association of PLL. This transaction is being done on arm’s length, it said.

Petronet LNG Limited is a joint venture promoted by four oil and gas Maharatna PSUs–GAIL, ONGC, IOCL, and BPCL–each holding a 12.5 per cent equity stake.

Incorporated in 1998, PLL commands 43 per cent of India’s LNG regasification capacity and manages around two-thirds of the nation’s LNG imports. With a turnover of approximately Rs 51,000 crore in 2024-25, PLL plays a vital role in India’s energy ecosystem, contributing about 33 per cent of the country’s total natural gas supply.

PLL, with its two LNG regasification terminals at Dahej, Gujarat and Kochi, Kerala, has a total regasification capacity of 22.5 ΜΜΤΡΑ.

It is further augmenting Dahej terminal capacity from 17.5 MΜΤΡΑ to 22.5 MMTPA, which is likely to be commissioned “shortly”.

Further, PLL is also in the process of setting up a land-based greenfield LNG regasification terminal with a capacity of 5 MMTPA on the east coast of India at Gopalpur, Odisha.

PLL is also setting up a 750 KTA PDH unit and a 500 KTA PP unit, including ethane and propane handling facilities, at Dahej, Gujarat.

ONGC is the largest crude oil and natural gas Company in India, accounting for around 71 per cent of India’s domestic production. (ANI)

https://www.aninews.in/news/business/petronet-lng-ongc-sign-5-year-regasification-agreement-for-dahej-terminal20260128113423

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The agreement will be valid for a period of one year, with a provision for extension based on the mutual consent of both parties, officials said. The agreement will enable MGL to optimise and supplement its gas supply portfolio through the use of international spot prices of LNG, providing greater flexibility in sourcing and managing gas supplies.

For PLL, the proposed execution of the agreement is part of its strategy of optimal use of its LNG regasification infrastructure, while providing integrated LNG sourcing and regasification services to gas consumers, including City Gas Distribution (CGD) entities with adequate storage and operational flexibility.

The current Master Agreement was signed at India Energy Week in Goa, in the presence of PLL Managing Director and CEO Akshay Kumar Singh and MGL Managing Director Ashu Singhal.

MGL is a related party of PLL, as GAIL (India) Ltd holds a 32.5 per cent equity stake in MGL and is also a promoter of PLL. Officials clarified that the transaction has been undertaken on an arm’s-length basis.

PLL, a joint venture of GAIL, ONGC, IOCL, and BPCL, operates LNG regasification terminals in Gujarat and Kochi in Kerala, with a total capacity of 22.5 MMTPA.

https://www.millenniumpost.in/business/mgl-gains-spot-market-flexibility-with-petronet-lng-gas-supply-deal-645941

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He was speaking at a press conference held ahead of the Symposium on International Automotive Technology (SIAT 2026), which will be organised by ARAI from January 27 to January 30, 2026.

He said the automotive sector is witnessing rapid technological change, prompting ARAI to expand its research efforts in several new areas. He noted that the sharp rise in road accidents has made vehicle safety a major concern and said the institute is focusing on research that can help ensure new vehicles are safer and better equipped with essential safety features.

Dr Mathai said ARAI is also extending support to startups promoted under central government initiatives by providing access to technology and technical guidance. Over the past three to four years, the institute has registered 18 patents. He said ARAI is working on traffic data collection using intelligent vehicle systems, vehicle testing, digital sensor studies, and research aimed at addressing air pollution caused by fuel use.

He added that ARAI plans to set up a photometric laboratory to test automobile spare parts made in India, along with indoor and outdoor lighting systems. Under the MARG 2.0 programme, the institute is measuring road surface conditions using advanced sensors and data analysis methods, linking road quality data with mapped road images.

So far, around 50,000 km of road data from nearly 20 states has been collected. This information is being used to support vehicle design improvements, assess durability, evaluate ride comfort and carry out validation tests. Dr Mathai also said that ARAI has recently launched several new facilities, including a battery testing laboratory, cylinder testing facilities excluding hydrogen, and an advanced driver assistance systems smart city track.

https://bioenergytimes.com/arai-plans-to-set-up-hydrogen-ic-engine-development-facility-in-india/

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Anil Taparia, chief operating officer (COO) at ACME Green Hydrogen and Ammonia Business Unit, said in an interview that the agreement for the greenfield plant has been inked with Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL).

ACME is in talks with several global shipping lines to sign offtake agreements, with the green methanol project to be commissioned by 2029-30.

“We are setting up multiple green hydrogen and ammonia projects around Paradip and Gopalpur for both domestic and export purposes,” Taparia said.

ACME already has a green ammonia facility in Gopalpur, Odisha, which is operated through its joint venture with Japan-based IHI Corp. The greenfield methanol project will be adjacent to another project for 2,200-tonne green ammonia, the company is setting up in Paradip in the state under the ₹19,000 crore National Green Hydrogen Mission.

This comes amid growing demand for green methanol, a derivative of green hydrogen, as global marine fuel standards tighten, including the European Union’s FuelEU Maritime Regulation and the International Maritime Organisation’s (IMO) targets. This, in turn, has attracted investments from AM Green, Adani Group, Reliance Industries Ltd, ReNew and Indian Oil Corp., and NTPC Green Ltd in India’s green hydrogen space.

The European Union’s FuelEU Maritime Regulation and the International Maritime Organisation’s (IMO) call for net-zero greenhouse gas (GHG) emissions in global shipping by 2050.

Sustainable fuels

Green methanol, green ammonia, and green hydrogen are considered sustainable green fuel options in the shipping industry. Green ammonia is produced from green hydrogen and nitrogen via the Haber-Bosch process, and green methanol is made by combining green hydrogen with captured carbon dioxide, according to The Energy Research Institute (Teri).

By 2030, the global green methanol market is expected to be driven primarily by shipping decarbonisation, with maritime demand estimated at 5–10 million tonnes per annum. According to industry estimates, Europe is expected to account for around 40–50% of import demand, with additional interest from hubs in Singapore, Japan, and South Korea.

Given global demand projections, the government is looking to develop India as an export hub for green hydrogen and its derivatives, including green methanol, backed by large-scale renewable capacity, port access, and policy support under the National Green Hydrogen Mission.

Taparia added that the abundant availability of biogenic feedstock, supportive industrial policies, and a low-cost green power supply have created a robust ecosystem in Odisha for the production of green methanol at globally competitive costs. He also said that the project would be funded through debt, internal accruals, with an equity fund raise also on the agenda, but no final decision has been taken yet.

“Discussions with several global financial institutions are underway. IPICOL will largely play the role of a facilitator for the project,” he said.

ACME Group has already set up a small-scale green ammonia project in Bikaner, Rajasthan. It is also developing a 0.1 million metric tonne per annum (MMTPA) green ammonia project in Duqm, Oman. By 2032, it aims to build a 10 MMTPA portfolio of green ammonia or equivalent green hydrogen.

Demand for green fuels

ACME has received six letters of award (LoAs) from Solar Energy Corporation of India Ltd (SECI) under the first tranche of the scheme for the supply of green ammonia to India’s fertilizer sector. Under the LoAs, ACME Group will supply 370,000 tonnes per year of green ammonia to some of India’s largest chemicals and fertiliser companies for 10 years.

The maritime sector is expected to be the primary sector requiring green methanol. Under the National Green Hydrogen Mission, Shipping Corporation of India is working to retrofit a few ships to run on green methanol, green hydrogen, or other derivatives by 2027.

According to Teri’s November 2024 report on green hydrogen, the choice between fuel cells and internal combustion engines depends on vessel type and operational requirements. Two broad categories of shipping, short-distance and long-distance, demand different technological solutions. “Short-distance shipping takes place on routes between nearby ports. The relatively shorter distances allow the use of cleaner energy, electric propulsion, and biogas,” the report said.

While noting that hydrogen-powered engines for shipping are also under development, green ammonia and green methanol are currently more favourable options, as they can provide the required energy for long routes, the report said.

https://www.livemint.com/companies/acme-group-green-methanol-shipping-hydrogen-mission/amp-11769165230092.html

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Unfurling the national flag on the occasion of the 77th Republic Day at Indira Gandhi Park here, the Governor said that the state government has declared 2025-2035 as the “Decade of Hydropower” and is formulating the Arunachal Pradesh Energy Vision 2047 to ensure sustainable and community-centric growth.

He said a major milestone has been achieved with the commencement of commercial operations of one 250 MW unit of the 2,000 MW Lower Subansiri Hydropower Project, while the remaining units are expected to be commissioned by the end of the year, further enhancing the state’s hydropower capacity.The Governor noted that on September 22, 2025, Prime Minister Narendra Modi laid the foundation stones for the 186 MW Tato-I and 240 MW Heo hydropower projects, underscoring Arunachal Pradesh’s critical role in India’s renewable energy transition.

According to him, the state government is also working towards achieving 150 MW of rooftop solar capacity by 2030 under the ‘PM Surya Ghar: Muft Bijli Yojana’, with priority being given to schools and government offices to reduce dependence on conventional energy sources.

Highlighting infrastructure development, Lt. General Parnaik (retd) said that air connectivity has been significantly strengthened with the inauguration of the new terminal at Donyi Polo Airport and the launch of daily direct flights between Itanagar and Delhi, along with regular services to Kolkata.

He said that Arunachal Pradesh marked 50 years of its Legislative Assembly in August 2025, reaffirming its democratic legacy.

Judicial infrastructure has also been strengthened with the inauguration of the Gauhati High Court’s Itanagar Permanent Bench, marking 25 years of the judiciary in the state, along with the establishment of a modern Forensic Science Laboratory to ensure timely and credible justice.

On surface connectivity, he said mega projects such as the Rs 55,000 crore Frontier Highway and the Vibrant Villages Programme — covering over 1,000 km of roads connecting more than 125 border villages — are improving last-mile access, border security and national integration.

Phase II of the Vibrant Villages Programme has now been extended to villages along the India-Myanmar and India-Bhutan borders.

Stressing the importance of investment, the Governor said that at the Rising North East Investors Summit 2025, memoranda of understanding worth Rs 6,375 crore were signed, primarily focusing on green industries. He added that 29 industries have been registered under the UNNATI (Uttar Poorva Transformative Industrialisation) scheme.

The Governor also said that women’s empowerment and protection of vulnerable sections remain central to the state’s inclusive growth agenda, with over 1.4 lakh women associated with more than 14,000 Self-Help Groups (SHGs). Fixed-deposit support has been extended to over 3,400 SHGs, while more than 10,600 ‘Lakhpati Didis’ have been registered.

Referring to healthcare initiatives, he said the Chief Minister’s Organ Transplant Scheme facilitated 51 life-saving transplants last year. Construction of the state cancer institute in Itanagar is underway, while patient support services have been strengthened through upgrades to the Arunachal Cancer Home in Mumbai and the inauguration of the Arunachal Patients’ Guest House in Vellore.

The Governor said that over the past decade, Arunachal Pradesh has made significant economic progress, with the Gross State Domestic Product (GSDP) growing 2.6 times and the state recording a 17 per cent increase in its own revenue during FY 2024-25. He added that citizen-centric governance remains a key reform priority, with initiatives such as ‘Sarkar Aapke Dwar’ and ‘Seva Aapke Dwar 2.0’ (government at your doorstep and service at your doorstep), delivering services directly to people through more than 1,100 outreach camps, benefiting over 15 lakh citizens, particularly in remote and border areas.

https://www.thehansindia.com/news/national/arunachal-key-to-indias-clean-energy-future-with-major-hydropower-push-governor-1042589

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The remaining 500MW capacity was allocated to Jammu & Kashmir and Himachal Pradesh, officials said. The project, developed at an estimated cost of Rs 5,492 crore, offers a competitive tariff of Rs 2.57 per unit, backed by viability gap funding (VGF) of Rs 44 lakh per MW.

Energy sector officials said the project reflects a course correction in the renewable energy policy, following years of political criticism that the state was exporting green power despite facing domestic shortages.

The political class earlier raised concerns that Rajasthan was bearing the land and infrastructure burden of large solar projects without commensurate benefits for its own consumers.

Speaking to TOI, Ajitabh Sharma, additional chief secretary (Energy), said the focus is now on dedicating more renewable capacity to the state.

“In the coming times, more solar plants dedicated to Rajasthan are coming up. The power from 2,450MW capacity Pugal Solar Park with battery storage will be used for consumption in the state,” he said, adding that grid and transmission constraints limit how much capacity can be absorbed in the state immediately.

During the current financial year, Rajasthan added around 8,000MW of solar capacity, including rooftop, PM-Kusum, and utility-scale industrial projects. Of this, about 3,000MW was utilised for the state’s consumers, highlighting a gradual increase in domestic consumption.

According to Rajasthan Renewable Energy Corporation Ltd, the state has an installed renewable capacity of about 42,000MW, of which 18,000MW is dedicated to Rajasthan, meeting nearly 18–20% of the state’s total power consumption. Officials said projects like Bikaner underline Rajasthan’s transition from being merely India’s solar hub to becoming a major consumer of its own clean energy.

The Bikaner project, spread over 5,000 acres, is being developed under the CPSU Scheme Phase-II (Tranche-III) and uses bifacial DCR solar modules, making it the largest EPC solar project at a single location in the country. The foundation stone was laid by President Droupadi Murmu on January 3, 2023.

The plant, designed in 4 phases with 120 inverter stations and 4 250 MVA transformers, is expected to generate around 2,450 million units annually.

https://timesofindia.indiatimes.com/city/jaipur/raj-to-get-500mw-solar-power-from-5400-crore-sjvn-project/articleshow/127646972.cms

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He said Andhra Pradesh is poised to become the country’s leading hub for green energy, with Kakinada set to emerge as India’s Green Hydrogen Valley. Naidu noted that the plant, spread across 495 acres with an investment of $2 billion, will produce 1.5 million metric tonnes of green ammonia annually from June 2027.

 “Within a year of granting approval, the project has taken shape. By 2029-30, AM Green should become one of the finest projects in the world. From Kakinada, green ammonia will be exported to Germany. This is history being rewritten, and it is possible only with Telugu people,” he asserted.

The Chief Minister emphasised that the project will protect the environment, and support sustainable agriculture. “Protecting environmental balance is our present goal, and this project is a major step in that direction,” he remarked.

Naidu highlighted that the initiative aligns with Prime Minister Narendra Modi’s target of 500 GW of green energy. AP has set its own target of 160 GW, leveraging solar, wind, hydro, and pumped storage. “From now on, whenever the world discusses green energy, the name of Kakinada will be heard. Green hydrogen and ammonia will put AP firmly on the global map,” he said.

State’s Clean and Green Energy Policy 2024 best in the country, says CM

The Chief Minister noted that green ammonia is beneficial for natural farming, which in turn helps the environment, and ultimately public health.

“Ensuring public health, and at the same time focusing on speed of doing business should be key for wealth generation and public welfare,” he averred.

Naidu praised AM Green’s decision to establish 2 GW electrolyser manufacturing capacity in Kakinada, and said the State’s Clean and Green Integrated Energy Policy 2024 is the best in the country.

“We are granting industrial approvals without delay. Development must lead to prosperity, and prosperity must ensure welfare,” Naidu said.

The Chief Minister also outlined futuristic initiatives like reducing power purchase cost by Rs 1.19 per unit, setting up an AI data centre by Google in Visakhapatnam, establishing a research and development centre in Tirupati, launching drone ambulances this year, and drone taxis within a year, and commencing quantum computing services in Amaravati within six months.

He added that Andhra Pradesh will also develop a space city, with satellite launches from Hope Island becoming a reality.

 “About 25% of foreign investments coming to India are flowing into AP. This reflects the trust investors have in our State. We want global companies to operate from Andhra Pradesh, and the government will extend full cooperation to them,” Naidu assured.

https://www.newindianexpress.com/states/andhra-pradesh/2026/Jan/18/kakinada-set-to-emerge-as-indias-green-hydrogen-valley-cm-naidu

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The signing ceremony was held under the patronage of Abdulsalam bin Mohammed Al Murshidi, President of Oman Investment Authority (OIA). The ceremony was attended by Hamed bin Mohammed Al Numani, CEO of Oman LNG; Ahmed bin Ali Al Balushi, CEO of Asyad Drydock and Infrastructure Services at Asyad Group; and Karim Cordahi, Executive Director for the Middle East and North Africa at Svitzer.

This project builds on the long-standing partnership between Oman LNG and Asyad Group, based on shared roles across Oman’s energy, logistics, and maritime ecosystem. It takes this partnership beyond operational, marine, and logistics services into a more advanced phase of industrial collaboration. The project also reflects Oman LNG’s focus on in-country value (ICV) and the technical capabilities of Asyad Drydock.

Al Murshidi commented: “This project signifies a pivotal new phase of integration within our national investment ecosystem. It underscores our strategic imperative to localise the construction and execution of strategic assets in Oman. The selection of Asyad Drydock for this critical marine asset is a testament to the advanced state of the national industrial capabilities. Furthermore, it demonstrates the profound confidence our national companies place in local platforms to deliver high-value assets that meet the most exacting international standards. This initiative is in direct alignment with OIA’s mandate to channel investments into sustainable industrial ecosystems that enhance ICV and foster the long-term, robust growth of our national economy.”

This project underscores the increasing confidence placed in Asyad Drydock’s profound technical expertise, state-of-the-art infrastructure, and highly qualified national talents. It serves as a powerful demonstration of the company’s capability to execute complex ship repair, shipbuilding, and major marine engineering projects in Oman, consistently adhering to the highest international standards.

Al Balushi stated: “Asyad Drydock serves as a national industrial platform for localising the construction of high-value marine assets in Oman. We are guided by a sustainable approach aimed at maximising local content. The project is planned to achieve 50% local content. In 2025, our total local expenditure reached approximately OMR 46 million, of which OMR 7.777 million was directed to local SMEs. This underscores our unwavering commitment to empowering national businesses and strengthening local industrial capabilities.”

This initiative also reflects Oman LNG’s approach to turning ICV commitments into measurable results. It does so by embedding ICV into contracts and operating models to maximise local economic impact and create jobs. Omanisation among service and business partners has exceeded 85%. In addition, 79% of total supply chain spending has been directed to locally registered companies.

Al Numani added: “From the start, Oman LNG was clear that building the tugboat locally, supported by Asyad Group’s investment, should go beyond delivering an operational asset. It should strengthen our country’s maritime legacy and connect it to our business. That is why Asyad has always been our strongest partner. By making local construction a core contractual requirement, we ensured the project contributes directly to national capability building and knowledge transfer. It also supports future growth linked to the marine and shipbuilding industries. This is fully aligned with our firm commitment to ICV.”

https://www.lngindustry.com/lng-shipping/26012026/asyad-drydock-and-svitzer-to-build-first-locally-manufactured-tugboat-for-oman-lng/amp/

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The shipment, consisting of 150,000 cubic meters (m³), was transported aboard the Methane Becki Anne carrier on behalf of Shell, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

This follows a similar shipment of 150,000 m³ sent earlier this month to Canada via French TotalEnergies’ LNG Endeavour vessel.

The MoPMR noted that these exports are part of Egypt’s ongoing efforts to fulfill contractual commitments to international investment partners and maximize the value added by domestic LNG infrastructure.

The strategy is supported by an incentive package introduced in August 2024, which allows International Oil Companies (IOCs) to export a portion of their share of new gas production. The proceeds from these exports are directly utilized to settle outstanding government dues, creating a sustainable cycle for reinvestment in domestic exploration and production (E&P).

During 2025, Egypt supplied LNG to Asian and European markets, including Spain, Italy, Taiwan, Greece, and Türkiye with volumes totaling around 891,000 m³.

https://egyptoil-gas.com/news/egypt-exports-150000-m%C2%B3-of-lng-to-turkiye

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The Barossa project, with a total investment of approximately $1.6 billion, is located about 300 kilometers offshore from Australia’s northwest coast. SK E&S holds a 37.5% stake in the venture, having joined the project in 2012. The field is operated by Australia’s Santos Corp., which owns 50%, while Japan’s JERA holds the remaining 12.5%. The three partners jointly undertook reserve appraisal, navigated regulatory approvals, and oversaw the construction of both offshore and onshore facilities necessary to bring the project to fruition.

The gas extracted from the Barossa field is transported to the Darwin LNG terminal, where it is processed and liquefied before being loaded onto LNG carriers. Notably, the project employed a brownfield development strategy, utilizing and refurbishing the existing Darwin LNG terminal rather than building a new one. This approach, as described by SK E&S officials, significantly reduced capital expenditure and helped shorten the path to production. It also improved cost competitiveness by reducing shipping times to South Korea to about 10 days—a logistical advantage that could prove crucial in a volatile energy market.

SK E&S expects to secure around 1.3 million metric tons of LNG annually from Barossa over the next 20 years. This volume is equivalent to roughly 3% of South Korea’s total annual LNG imports, providing a stable resource base for domestic power generation. The company has also indicated that, over time, the imported LNG could serve as feedstock for hydrogen production after carbon removal, aligning with broader energy transition goals.

For South Korea, the successful launch of LNG shipments from Barossa arrives at a time of heightened volatility in global gas markets, with energy security and long-term supply stability top of mind for both policymakers and industry leaders. By securing a steady stream of LNG outside the often unpredictable spot market, SK E&S is positioning itself—and, by extension, South Korea—to better weather fluctuations in supply and demand.

Lee Jong-soo, president of SK Innovation E&S, highlighted the broader significance of the achievement. In a statement reported by The Korea Herald, he said, “The first LNG production from Barossa demonstrates the results of a long-term, private-sector-led commitment to overseas resource development.” He added, “The company plans to further strengthen its business foundation while contributing to stable energy supply and national energy security through continued LNG production.”

The Barossa project’s journey has not been a short one. SK E&S first joined the initiative in 2012, and the intervening years have seen the company and its partners navigate a host of technical, regulatory, and financial challenges. The joint investment of $1.6 billion covered everything from initial reserve appraisal to the construction of state-of-the-art offshore platforms and the refurbishment of the Darwin LNG terminal. This long-gestation effort, which spanned 14 years from SK E&S’s perspective, underscores the complexity and risk involved in bringing a major energy project online—especially in a sector as capital-intensive and geopolitically sensitive as LNG.

According to SK E&S, the use of existing infrastructure in Darwin was a key factor in keeping costs down and accelerating the project’s timeline. Rather than building a new terminal from scratch, the partners opted to upgrade the already operational Darwin LNG terminal, which is located conveniently close to the Barossa field. This brownfield strategy not only minimized environmental impact and capital expenditure but also allowed the first shipment to take place sooner than might have been possible with a greenfield approach.

As global energy markets continue to grapple with supply chain disruptions, shifting demand patterns, and the ongoing transition toward lower-carbon fuels, the Barossa project offers a glimpse into how established players are adapting. By locking in long-term LNG volumes, SK E&S is reducing its reliance on volatile spot markets. This move is widely seen as a hedge against future price spikes and supply shortages, which have become more common in recent years due to geopolitical tensions and climate-related disruptions.

The LNG produced from Barossa is slated primarily for use in South Korea’s domestic power generation sector, providing a cleaner-burning alternative to coal and oil. In the longer term, SK E&S has signaled its intention to leverage the imported LNG as a feedstock for hydrogen production, once carbon emissions are removed—a step in line with South Korea’s broader ambitions to decarbonize its energy mix and become a leader in the emerging hydrogen economy.

Industry analysts note that the successful launch of Barossa’s LNG exports could inspire other South Korean private companies to pursue similar overseas resource development projects. The combination of stable, long-term supply contracts and cost-effective infrastructure investments is likely to be increasingly attractive as the country seeks to diversify its energy sources and enhance security of supply.

Reflecting on the broader implications, SK E&S officials emphasized the project’s role in strengthening South Korea’s energy security. The company stated that the long-term LNG supply from Barossa is expected to contribute significantly to a stable resource base, providing a buffer against the unpredictable swings of the global energy market. This sentiment was echoed in Lee Jong-soo’s remarks, as he pointed to the company’s commitment to ongoing LNG production and its contribution to both business growth and national interests.

With the first shipment now complete and a steady stream of LNG expected for the next two decades, SK E&S and its partners are already looking ahead. The focus will remain on maximizing operational efficiency, ensuring environmental compliance, and exploring new opportunities for value creation—especially in areas like hydrogen production, which could further cement the project’s role in South Korea’s energy future.

For now, though, the successful launch of LNG shipments from Australia’s Barossa field stands as a testament to the power of persistence, partnership, and strategic investment. It’s a development that not only marks a major achievement for SK E&S, but also signals a new chapter in South Korea’s ongoing quest for energy security and sustainability.

https://evrimagaci.org/gpt/sk-es-ships-first-lng-from-australias-barossa-525644

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With a cargo capacity of 174,000 cubic meters, the ship measures 295 meters in length and 45 meters in width, with a deck area equivalent to three standard football fields.

Designed to transport liquefied natural gas at ultra-low temperatures, a single voyage can supply enough gas to meet the monthly needs of about 3.3 million households.

https://news.cgtn.com/news/2026-01-12/China-to-deliver-world-leading-LNG-carrier-Tianshan-1JSG0vbqX8A/share_amp.html

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According to the Ministry of Petroleum and Mineral Resources (MoPMR), this step supports the country’s role as a regional Hub for gas trading as well as encourages foreign partners to pump more investments for increasing domestic gas production.

Parallel to its global trade efforts, Egypt is expanding its regional influence through integrated energy networks. In January 2026, the MoPMR signed two Memoranda of Understanding (MoUs) with the Syrian Ministry of Energy to supply natural gas for electricity generation and various petroleum products.

This follows a December 2025 agreement with the Lebanese Ministry of Energy and Water to provide natural gas to the Deir Ammar Power Plant. These agreements leverage Egypt’s robust infrastructure, including the Arab Gas Pipeline and regasification units, to stabilize the regional energy landscape.

In 2025, Egypt exported over five LNG cargoes to European and Asian markets, including shipments to Greece, Türkiye, and Italy carrying 150,000–155,000 cubic meters each.

https://egyptoil-gas.com/news/egypt-exports-lng-shipment-to-canada/

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