Natural gas cooled to liquid form for transport and storage.
UTM Offshore aims to reach a Final Investment Decision in September on a roughly $3 billion floating LNG plant at the Yoho field, 60 km off Akwa Ibom. It would export 1.5–1.8 mtpa LNG and supply 300,000–500,000 tonnes of LPG domestically, backed by a 15-year gas sale agreement and financing from Afreximbank, with NNPC Limited and Delta State owning stakes.
Canadian Prime Minister Mark Carney has met French President Emmanuel Macron on Saint-Pierre and Miquelon and has announced plans to deepen economic and security ties with France and the European Union, including backing for a proposal that Canada become the EU's first "associate member." The leaders have discussed energy, critical minerals, defence and technology as Ottawa shifts away from U.S. dependence.
Chinese leader Xi Jinping has arrived in Washington for a state visit and a summit with U.S. President Donald Trump to discuss extending a trade truce, AI safety and the fate of Americans detained in China. Preparatory talks have produced limited deliverables; officials are expecting targeted, incremental agreements rather than a broad breakthrough.
South Korea is evaluating a proposed $50 billion Alaska LNG project as part of a broader $200 billion investment package announced with the United States. While Washington touts the deal as a boost for energy infrastructure, Seoul is weighing commercial viability and legal compliance amid concerns about the project’s cost, timelines, and long‑term LNG demand.
The government has weighed final consent for the Jackdaw gas field and the Rosebank oil field, amid pressure from climate advocates and industry groups. Officials say a decision is imminent, with Jackdaw potentially delivering gas this winter, and Rosebank’s fate tied to environmental assessments.
The Alaska LNG project is touted by President Trump as a major energy bridge linking Alaska, Taiwan, and the United States. Taiwan’s CPC Corp. has signed a plan to buy LNG from Alaska and invest up to $4.4 billion, with first supply anticipated around 2032. The claims come as Trump rallies in Alaska push for support ahead of a midterm election, while officials caution on project timelines and feasibility.
Ferries on the Islay route face further delays as CMAL says MV Loch Indaal will miss October handover; final regulator approval is still pending and a mid-November handover is anticipated, with up to 10 days of prep before sailing. Lochmor and Claymore remain in the works.