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Electric trucks now outsell LNG models in China, so its demand for fossil fuels could fall, and "in other countries, it might never take off,” according to an analyst.

The spot rate to hire an LNG vessel for delivery from the U.S. to Europe jumped 19% to $98,250 per day, the highest since January 2024. Costs to hire a tanker in the Pacific Ocean also jumped 15%.

Venture Global lost a dispute with BP involving the sale of liquefied natural gas cargoes, a surprise defeat that comes eight weeks after Venture prevailed in a similar fight with Shell.

New Fortress Energy has reached a tentative deal that may allow it to deliver LNG to its terminal in Puerto Rico after it hammered out an agreement with tugboat operators, local media reported.

Phillips 66 is looking to buy liquefied natural gas from the U.S. through long-term contracts and is hiring staff in Houston to do this, according to people familiar.

The oil giant will nearly double the amount of fuel it will buy from an export plant Sempra is expanding in Texas.

Venture Global on Aug. 12 said it won arbitration proceeding with Shell related to the timing of contractual shipments from the Calcasieu Pass plant.

Venture Global prevailed over Shell in an arbitration case about a contract dispute, capping a two-year fight between the oil giant and the liquefied natural gas exporter.

The energy infrastructure company also sees years of robust demand for the fuel, which currently makes up about 15% of the market, according to CEO Chad Zamarin.

The Baker Hughes deal will expand the oil field service giant’s reach into liquefied natural gas, data centers and other technologies.