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.
Iran and the US concluded a round of indirect talks on Wednesday with no sign they had made headway toward a lasting peace, focusing instead on issues that they said had been resolved when an interim deal was announced two weeks ago. Sources said negotiators spent two days in Doha discussing maritime traffic in the Strait of Hormuz.
Iran launched renewed attacks on US Gulf allies on Saturday after the United States completed a seventh consecutive night of strikes targeting Iranian military infrastructure, marking a sharp escalation one week after a fragile ceasefire collapsed, said media reports.
The United States intensified its military campaign against Iran on Tuesday, reimposing a naval blockade of Iranian ports, launching another wave of strikes on military targets and warning of attacks on key infrastructure unless Tehran returns to negotiations.
The United States and Iraq discussed expanding economic co-operation and increasing US investment in the Arab nation’s energy sector during high-level talks at the White House on Wednesday, as the two countries sought to deepen their strategic partnership.
