The move comes amid continued uncertainty in global energy markets linked to tensions in the Middle East and concerns over potential disruptions in the Strait of Hormuz.

Global energy prices, however, have shown a downward trend on expectations of a possible peace agreement between Iran and the United States.

Sources said Iran and the US have agreed to a memorandum of understanding aimed at ending more than three months of conflict. Mediated by Pakistan and Qatar, the agreement is expected to be signed in Geneva on Friday (June 19).

RPGCL officials expect to receive more competitive offers from international suppliers as a result of the softer market sentiment.

Each spot LNG cargo contains approximately 3.36 million MMBtu, according to RPGCL officials. The deadline for bid submission is 8:10pm on June 16.

The cargoes will be delivered to Moheshkhali Island, with the option of unloading at either of the country’s two floating storage and regasification units (FSRUs) located there.

RPGCL, a subsidiary of state-owned Bangladesh Oil, Gas and Mineral Corporation (Petrobangla), is responsible for LNG procurement and trading in Bangladesh.

If the tenders are successful, Bangladesh’s total spot LNG purchases this year will rise to 31 cargoes, including 29 bought after the outbreak of the Middle East conflict.

The purchases would also raise the number of spot LNG cargoes scheduled for July delivery to five, according to RPGCL.

Bangladesh imported a record seven spot LNG cargoes in each of April, May and June to avoid supply shortages during the peak summer demand period.

The country has increasingly relied on spot LNG purchases since several long-term suppliers from Qatar and Oman reportedly suspended deliveries under force majeure declarations following the regional conflict.

Bangladesh imported 49 spot LNG cargoes in 2025, an RPGCL official said.

https://today.thefinancialexpress.com.bd/last-page/govt-moves-to-buy-three-more-spot-lng-cargoes-for-july-delivery-1781548039?amp=true

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The global real time data and analytics provider pointed out that LNG imports weakened in March 2026 before recovering in April-May. Qatar’s share dropped sharply in recent months, while the US, Oman, Nigeria and Angola became more important sources of supply.

Cumulative LNG imports

India’s cumulative LNG imports for the first 90 days (March- May 2026) stood at 5.8 mt, a decline of 6.5 per cent on an annual basis.

In terms of import share, Washington surged to the top accounting for more than one-fourth (25.86 per cent) of India’s cumulative LNG imports during March to May this year, compared to a little over 8 per cent in the year-ago period.

On the other hand, Qatar’s share slipped from more than 48 per cent during March-May 2025 to just 1.72 per cent during March-May 2026.

The conflict also significantly impacted the share of top suppliers in West Asia (Qatar, The UAE, Saudi Arabia and Kuwait), which fell to 29.31 per cent in March-May 2026 from a whopping 74.2 per cent a year-ago.

Asian buyers were forced to secure higher-priced volumes to offset disrupted long-term LNG deliveries from Qatar and the UAE. In March–April 2026, nearly 100 spot cargo tenders were issued in Asia, up from 89 in the same period in 2025, with India issuing tenders for 44 cargoes, double a year earlier, Gas Exporting Countries Forum (GECF) said.

Key supplier

Analysts and trade sources said that Washington emerged as the key balancing actor in the global LNG market after the West Asia conflict led to closure of the Strait of Hormuz (SoH) effectively choking half of India’s natural gas requirement.

As per Gastech, the world’s fourth-largest importer of LNG purchased 27 mt of LNG in FY25, of which 11.2 mt were sourced almost entirely from Ras Laffan.

The attack on QatarEnergy’s Ras Laffan facility has choked almost half of India’s LNG consumption as the world’s largest LNG liquefaction facility at Ras Laffan operated by QatarEnergy was attacked by Iran in April leading to wide scale damages.

For comparison, about 93 per cent of Qatar’s and 96 per cent of the UAE’s LNG exports transited through the SoH, representing almost one-fifth of global LNG trade in 2025. There are no alternative routes to bring these volumes to market, said the International Energy Agency (IEA).

In 2025, Ras Laffan produced 112 billion cubic metres (bcm) of LNG, as well as 300,000 barrels per day of liquefied petroleum gas (LPG) and 180,000 barrels per day of condensate, making it the largest LNG facility in the world by some distance, IEA said.

The GECF said that US LNG exports increased by 2.4 mt and 1.6 mt y-o-y in March and April 2026, respectively, supported by the ramp-up of production at recently commissioned LNG facilities.

While Europe remained the largest destination for US LNG exports, incremental volumes were increasingly redirected to Asia, including 1.6 mt in March and 1.3 mt in April 2026, reflecting tighter regional balances and stronger price signals in Asian spot markets. Destination flexibility of US LNG enables offtakers to redirect cargoes to markets offering the highest netback prices, thereby enhancing short-term supply responsiveness, it added.

https://www.thehindubusinessline.com/economy/in-a-first-us-pips-qatar-as-indias-largest-lng-supplier-during-march-may/article71109738.ece

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“Cabinet has given its no-objection to the commencement of negotiations with the firms, with the objective of agreeing to an O&M arrangement for the NGL operations,” the Prime Minister’s Office said in a statement.

Government said the decision was taken following a competitive public procurement and evaluation process,

The Office of the Prime Minister says this O&M engagement relates only to the operations and maintenance of the Phase 1 Natural Gas Liquids Plant. It does not include the supply and bottling of LPG, the sale and marketing of remaining NGLs, or the development of other NGL storage and offloading facilities, which are being advanced through separate processes.

Tuesday’s announcement followed last week’s comment in the Trinidad and Tobago Parliament by that country’s Energy Minister that there were ongoing talks with Guyana on the operation of the NGL plant at Wales. PPGPL is majority stakeholder is the State-owned National Gas Company. “The President of Guyana came here, had important discussions with the Prime Minister of Trinidad and Tobago. That has deepened and we are now in discussions with the government of Guyana over Trinidad and Tobago operating and maintaining their NGL plant at Wales in Guyana,” Dr Moonilal said.

GuyGas Inc is a wholly-owned private company.

The selection follows an open Request for Proposals, advertised in January 2025 in the Guyana Chronicle, Guyana Times, Kaieteur News, and Stabroek News, under the National Procurement and Tender Administration Board.

Government said five proposals were received and assessed by an Evaluation Committee against administrative, technical, and financial criteria. The proposal led by PPGPL, with GuyGas Inc. as local partner, ranked first overall, achieving the leading technical assessment together with the most advantageous cost-benefit commercial offer.

The Office of the Prime Minister explained that the intended arrangement covers O&M Core Services and the Long-Term Maintenance Plan for the Phase 1 NGL Plant, with PPGPL and GuyGas Inc, to be finalized through negotiation.

Government says PPGPL, a regional natural gas liquids operator with established experience, will serve as the lead O&M operator, while GuyGas Inc. participates as the local partner, supporting local content and the transfer of skills and capacity to Guyanese workers.

The NGL Plant forms part of the integrated Gas-to-Energy facility near Georgetown, which brings associated gas ashore from the Stabroek Block to produce cleaner, lower-cost energy for Guyana, alongside the recovery of propane, butane, and pentanes-plus for domestic and export markets. Engaging an experienced operator is intended to ensure the plant is run safely, reliably, and efficiently from start-up, which is targeted for the first quarter of 2027.

The Office of the Prime Minister also confirmed that Siemens Energy has been selected as the O&M operator for the 300-megawatt combined-cycle power plant and the balance of plant (BOP) and auxiliary facilities. Siemens Energy will hold overall responsibility for coordinating operations and maintenance across the integrated facility, with the NGL Plant operations integrating into that framework.

A central objective of the engagement is the development of Guyanese personnel. The arrangement is structured to maximize Guyanese employment at the facility and to provide for a deliberate transition through which the maximum number of Guyanese will progressively operate and maintain the plant over time, supported by structured training, mentorship, and the transfer of skills from the experienced operator to the local workforce, the Prime Minister’s Office said.

Prior to signing, the arrangement will be subject to further technical and legal due diligence reviews — including by the Ministry of Legal Affairs and the Attorney General’s Chambers — to confirm that the commercial terms, benchmarks, and arrangements are reasonable and consistent with best practice and with comparable arrangements in the sector, government added.

The Gas-to-Energy project remains a cornerstone of the Government’s strategy to deliver reliable, affordable, and cleaner energy to the people of Guyana, while building local capacity and creating opportunities across the energy value chain.

https://demerarawaves.com/2026/06/16/trinidad-and-tobago-company-selected-for-operation-and-maintenance-of-wales-natural-gas-liquids-plant/

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The expansion of production at the Tamar field was achieved at an investment of $664 million and included, laying a third 150 kilometer gas pipeline from the reservoir to the production platform in Ashdod, as well as upgrading compressors at the production facility itself. The project was carried out by Chevron, Tamar’s operator, which also operates the Leviathan field.

The work was carried out during the most recent war with Iran, while the international contractors of the Tamar reservoir continued to work even during the war, while the Tamar field was the only one producing gas, due to the Ministry of Energy’s order to stop gas production from the Leviathan and Karish fields for over a month.

The significance of increasing Tamar’s production capacity is that in the event of war, the Tamar reservoir will be able to supply a larger amount of gas to the domestic economy, thus relying less on coal and diesel as emergency fuels.

Competition for gas agreements with new power plants

The Tamar reservoir is Israel’s second largest in terms of gas reserves but is now the largest in terms of the rate of production for Israeli consumers, according to the Gas Authority’s 2025 report. 47% of gas for power plants and local factories comes from the Tamar field, followed by 41% from the smaller Karish field, and just 12% from Leviathan.

In terms of exports, Leviathan supplies the vast majority (74%) of the gas, mainly to Egypt and the rest to Jordan, while the Tamar reservoir supplies only 26% of exports.

A number of gas-fired power plants are expected to be built in Israel in the coming years, and not all of them have yet signed gas agreements. OPC Energy (TASE: OPCE) will build a power plant in Hadera and has not yet signed a gas agreement, and Dorad (Luzon, the State and others) and Reindeer (Generation Capital) are competing for the additional space in the electricity grid, which will also have to sign gas agreements soon.

The Leviathan field has also expanded production to 15.8 BCM per year, which is significantly higher than the initially planned (14 BCM). Due to the agreement between the Leviathan reservoir and the state for export to Egypt, Leviathan is committed to selling at a relatively cheap price to the domestic economy, which means that both fields are competing to sign gas agreements with the new power plants.

In addition, the Tamar field also has an export contract with Egypt and will increase gas exports once the new gas pipeline between Israel and Egypt is built, in Nitzana. A few months ago, all of the gas fields in Israel signed their share of the investment for the development of the pipeline, and it is currently under construction.

https://en.globes.co.il/en/article-tamar-gas-field-boosts-production-by-45-1001546029

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“As one of Germany’s top LNG suppliers, Venture Global is proud to strengthen our partnership with EnBW and support the region’s energy security with a reliable supply of LNG,” said Venture Global CEO Mike Sabel. “The new mid-term agreements build on our strong, long-standing relationship with EnBW and reflects our commitment to meeting our customers’ evolving energy needs. Our dynamic marketing platform uniquely positions us to provide supply solutions across the short, medium, and long term.”

https://www.lngindustry.com/liquid-natural-gas/19062026/venture-global-and-enbw-announce-new-lng-purchase-agreements/

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Understanding Hydrogen Storage and Infrastructure

Hydrogen storage is the process of storing hydrogen in a way that maintains its availability, purity, and cost-effectiveness until it is required. These storage technologies are key to managing hydrogen supply, allowing excess energy to be stored when demand is low for use as demand increases.

Infrastructure encompasses everything involved in transporting hydrogen from the place of production to its point of usage. Refueling stations, electrolysis plants, and various storage and distribution technologies are all key components of hydrogen infrastructure.

Storage and infrastructure form the framework that dictates safety, price, and the speed of growth in the hydrogen economy. Scaling up hydrogen use across sectors such as transportation, power generation, and industry is virtually impossible without reliable storage and well-planned infrastructure.

Why Energy Storage and Infrastructure Are Key to Hydrogen Adoption

Hydrogen addresses a critical challenge in energy systems: how to effectively store energy for use in periods when supply and demand do not match.

Electricity from solar or wind often peaks when it is not required, but hydrogen allows any surplus power to be stored in chemical form and used hours, days, or months later as required. Hydrogen becomes practical for everyday use when a reliable storage and delivery system is in place.

Consistent power delivery is vital for industries such as ammonia production and steelmaking, which typically require steady fuel supplies because they operate 24 hours a day.

Solar and wind output changes rapidly, but hydrogen can help balance these renewables by storing surplus power for use when the grid needs an additional power source.

A constant hydrogen supply bridges the gap when heavy sectors like steel, ammonia, and long-haul transport are looking to decarbonize but cannot switch to batteries alone.

Market confidence also improves as investors support projects when they see clear distribution pathways and storage rules that protect their capital.

Key Challenges and Opportunities

The most common roadblocks to more widespread hydrogen storage applications include:

Complexity and cost of storage at scale

Infrastructure gaps between production and end-use locations

Material limitations in pipelines and tanks

Standardization issues across global markets

These challenges also create momentum for innovation. There are now a number of public-private partnerships focusing on overcoming these barriers to accelerate deployment and reduce costs.

Widespread exploration is taking place into modular hydrogen electrolyzer hubs, emerging tank materials, and hybrid storage systems, such as hydrogen electrolyzers used in conjunction with fuel cell battery banks.

Hydrogen Storage Methods

Different applications require different storage techniques. The three primary hydrogen storage categories are fuel cell battery style, liquid, and compressed gas.

Solid-State Hydrogen Storage

Hydrogen can be stored within or on the surface of certain solids, referred to as metal hydrides. Metals like magnesium and palladium alloys absorb hydrogen on their surfaces and release it when heated. Solid-state storage is extremely safe because pressure stays low.

Liquid Hydrogen Storage

Hydrogen can be liquefied to store more of it in less space. Cooling hydrogen to -253 °C allows liquid hydrogen to be stored in cryogenic tanks, resulting in hydrogen occupying 1/800th the volume of its gaseous state.

This reduction facilitates high energy density by volume, making it an ideal solution for compact and lightweight applications. Filling up works similarly to using a diesel pump, except there is an additional nitrogen purge step to clear the lines.

Liquid hydrogen provides more energy per gallon than compressed gas, but cooling it to this temperature is expensive and consumes a large portion of its energy potential.

Liquid storage is less attractive for long-term applications due to evaporation losses and boil-off, but advanced insulation can help mitigate these issues.

Hydrogen Gas Storage

The most commonly used hydrogen storage method is high-pressure tanks at pressures between 350 and 700 bar (5000 to 10,000 psi).

These tanks are often made from carbon fiber composites to ensure they can withstand high pressures and maintain safety. Compressing and storing gas is relatively simple, with well-understood pressure systems employed across various industries.

Stationary storage for backup power systems and fueling stations typically makes use of large steel or composite tanks. Mobile storage, for example, in fuel cell vehicles, necessitates the use of lightweight carbon fiber cylinders rated for 700 bar pressure.

Real-time pressure monitoring, safety mechanisms, and regulatory codes ensure these systems are resilient and reliable.

https://www.azocleantech.com/article.aspx?ArticleID=2150

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