The International Energy Agency (IEA) forecasts global natural gas demand will fall 0.5 per cent in 2026 as Middle East conflict-driven supply disruptions, higher prices and reduced LNG flows through the Strait of Hormuz weigh on consumption.
The United States launched a fresh wave of military strikes across Iran overnight, targeting more than 80 sites after Tehran resumed attacks on commercial shipping in the Strait of Hormuz, further destabilising a fragile ceasefire agreed less than three weeks ago.
Yokogawa Corporation of America has been selected as Main Automation Contractor (MAC) for the Commonwealth LNG project in Louisiana, US, strengthening its role in one of the country’s major LNG developments.
Global liquefied natural gas (LNG) trade reached a record 436.98 million tonnes in 2025, rising 6.3 percent and marking the fastest growth since 2022, according to the International Gas Union (IGU).
British budget airline easyJet has agreed in principle to a revised takeover offer from US investment firm Castlelake, valuing the carrier at up to £5.5 billion ($7.34 billion).
Valvitalia Group has secured a contract worth approximately $30 million to supply valves for the Desert Southwest pipeline, one of the largest energy infrastructure projects currently under development in the southwestern US.
Saudi Water Authority will launch local production of energy recovery devices in 2027, establishing the world’s first facility outside the US to manufacture the desalination technology, boosting supply security and supporting exports.
Travellers are packing more tours and attractions into holidays despite flat per-person spending in the US and declining spend in Europe, an Arival and Phocuswright report found, with Americans averaging more than four experiences per trip despite shorter stays.
European and US airlines could remove more frequencies in the winter and ground more aircraft than usual as high fuel costs make weaker services uneconomic, aviation analyst John Strickland has warned.
Air defence systems in Saudi Arabia intercepted two ballistic missiles from Yemen on Saturday targeting oil refineries in Yanbu, Greek security sources a day after US forces launched fresh air strikes on Iran, said media reports. The defence system was operated by Greek military personnel.
