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The LNG market faces a potential oversupply. (Image source: Adobe Stock)

The gas and LNG markets face potential oversupply thanks to record FID and demand uncertainty, according to energy consultancy Wood Mackenzie, which identifies five key global gas and LNG themes for 2026:

LNG FID momentum to moderate despite continued project progress

2025 was a record year for final investment decisions, with nine projects totaling 72 mmtpa moving ahead. Three smaller floating LNG projects, two in Argentina and one in Mozambique, advanced, with CP2

Phase 2, Delfin FLNG 1 and Cheniere's Sabine Pass Stage 5 "probable" FID for 2026, supported by strong contracting and cost advantages.

However, with 225 mmtpa of LNG supply currently under construction, the expectation is for lower LNG prices and rising EPC costs. Several projects face delays from inflated construction costs, supply chain constraints and evolving financing conditions. Competition for customers between pre-FID projects and post-FID players is likely to increase. FIDs for well positioned projects, including LNG Canda and

Qatar’s North Field West, may slip into 2027. The outlook for FIDs is expected to moderate in 2026.

Prediction: 4-5 projects take FID in 2026

Asian LNG demand expected to rebound after sharp 2025 contraction

Asian LNG demand contracted by more than 12 Mt year-on-year (4.5%), with China declining by 11 Mt due to a mild winter, high LNG prices and US trade tariffs.

Supply growth of nearly 30 Mt is likely to drive spot prices below oil price parity, encouraging more spot procurement from emerging markets.

China will be the market to watch. Gas demand should grow by 5% on infrastructure projects and real estate recovery. With stable domestic production and flat pipeline imports, LNG will fill the gap, increasing by around 6 Mt but still below 2024 import levels. New gas-fired power stations and regasification capacity will contribute to increased demand across Taiwan, Bangladesh and Vietnam. Weather remains a wild card.

Firmer Asian demand will prove increasingly critical to absorb the wave of new LNG supply.

Prediction: Asian LNG demand to increase by 14 Mt (+5%) in 2026

Russia-Ukraine peace deal could reshape European gas and global LNG balances

The prospect of a US-brokered peace deal in Ukraine fuelled sharp gas price swings in 2025. Should a peace agreement be announced, the most likely market impact would be the lifting of sanctions on Arctic LNG-2 and Portovaya, which could add up to 10 mmtpa to a global LNG market already poised to increase by close to 30 Mt in 2026.

The EU agreed to phase out Russian LNG by 2027 and pipeline gas by 2028. Russian supply under short-term contracts is expected to end from April 2026 for LNG and June 2026 for pipeline flows. The immediate 2026 market impact would be limited, though the EU's resolve may be tested if the ban becomes a peace settlement bargaining point.

Prediction: The EU moves ahead with ban on Russian imports

Henry Hub to trade above US$4/mmbtu as US gas market tightens structurally

Colder than average temperatures briefly drove Henry Hub futures as high as $5.50/mmbtu in December 2025. The US gas market is becoming structurally tighter. LNG exports have increased 17% compared to the same period last year.

LNG export capacity expansion will require incremental feedgas of 2.7 bcfd, with data centres and other sectors adding 3.4 bcfd total in 2026, equivalent to 3%.

As usual, weather dynamics will be key for where prices settle in the winter. Beyond that, the pace and magnitude of price correction will depend on how quickly suppliers respond to tightening fundamentals.

Higher Henry Hub prices longer term will be necessary to promote growth.

Prediction: Henry Hub will average US$4/mmbtu in 2026

EU Methane Regulation and CSDDD face industry criticism over compliance challenges

The EU Methane Regulation (MER) and the Corporate Sustainability Due Diligence Directive (CSDDD) have faced strong criticism from the gas and LNG industries in 2025, especially from major global exporters.

Companies support MER objectives but say compliance difficulties are delaying new contracts and risk disrupting imports as Europe ends Russian reliance.

The CSDDD has already been scaled back by EU officials. Yet critics point out that the EU is imposing obligations on companies outside its jurisdiction, a major sticking point. The US and Qatar warned that the rules could threaten their ability to supply LNG to the bloc.

Prediction: The EU is likely to proceed with both regulations, but further watering down and additional practical compliance measures should be expected

"The gas and LNG industry is navigating a complex transition as abundant new supply meets questions about demand growth and regulatory risks," said Massimo Di Odoardo, vice president, Gas and LNG Research. "The structural tightening of the US gas market, combined with Europe's push to end Russian imports while implementing stricter methane rules, creates both opportunity and risk. How Asia responds to lower prices will be critical to absorbing the supply wave ahead."

Offshore oil and gas operations place workers in some of the most demanding environments in the energy sector. (Image source: Adobe Stock)

Offshore oil and gas operations place workers in some of the most demanding environments in the energy sector. Remote locations, changing weather conditions, and complex equipment all increase risk

Safety preparation is essential for protecting lives and ensuring that projects continue without disruption. Training plays a central role in preparing offshore personnel to respond effectively when unexpected situations arise.

Energy projects across offshore regions require strict safety standards that apply to every individual travelling to or working on an installation. These expectations are driven by the need for consistent emergency response skills and shared understanding across multinational teams. Standardised safety preparation helps ensure that workers arriving from different countries can operate confidently under the same procedures.

Practical preparation through BOSIET training is a key requirement for offshore readiness and is widely recognised across the industry. Access to structured programs such as the OPITO approved course available at helps offshore personnel gain the survival and emergency response skills expected by operators worldwide. Training aligned with standards set by OPITO supports safer offshore deployments and workforce confidence.

Offshore safety expectations in the oil and gas sector

Offshore environments present unique risks that are not commonly found onshore. Helicopter transport, confined spaces, fire hazards, and exposure to open water all require specialised preparation. Industry standards reflect these challenges by setting clear requirements for worker training before offshore travel.

Employers rely on consistent safety certification to verify readiness. Workers benefit from knowing what to expect during offshore assignments and how to respond during emergencies. Shared training standards reduce confusion and support coordinated responses during critical situations.

Understanding the purpose of BOSIET certification

BOSIET certification focuses on building essential offshore survival skills. The training covers emergency response techniques that are critical during offshore incidents. Participants learn how to manage high stress situations while protecting themselves and others.

The course also introduces offshore safety culture and responsibilities. Understanding personal accountability and teamwork strengthens overall safety performance. Certified workers arrive offshore prepared to follow established procedures and contribute to a safer working environment.

Helicopter safety and underwater escape awareness

Helicopter travel is a routine part of offshore operations, yet it carries inherent risk. Training addresses safe boarding, seating positions, and emergency procedures during flight. Workers learn how to respond calmly and efficiently if an aircraft incident occurs.

Underwater escape training is a core component of preparation. Participants practice techniques for exiting a submerged helicopter using emergency breathing systems. Familiarity with these procedures builds confidence and reduces panic during real emergencies.

Emergency response skills for offshore environments

Offshore installations must be ready to handle fire, evacuation, and medical emergencies at any time. Training provides hands on experience with alarms, escape routes, and muster procedures. Workers learn how to react quickly while following instructions from offshore leadership.

Fire response awareness is another critical area. Understanding fire types and initial response actions helps reduce escalation. Prepared personnel contribute to safer outcomes during emergencies and support the work of designated response teams.

Sea survival and personal protection

Open water survival skills are essential for offshore workers. Training includes techniques for entering the water safely, using life jackets, and boarding life rafts. Participants also learn how to manage exposure while awaiting rescue.

Personal protection knowledge extends beyond equipment use. Awareness of signaling methods and group survival strategies improves the chances of successful recovery. These skills are vital in remote offshore locations where rescue may take time.

Relevance of BOSIET for African offshore operations

Offshore energy projects continue to expand across African regions, increasing demand for trained personnel. International operators expect workers to meet the same safety standards regardless of location. BOSIET certification supports workforce mobility and project consistency.

African offshore installations often involve multinational crews. Shared training standards improve communication and cooperation across teams. Certified workers can transition between projects more easily while maintaining compliance with global expectations.

Training locations and accessibility

Access to approved training centres plays an important role in workforce readiness. Workers need convenient options to complete certification without excessive travel delays. Planning training schedules helps ensure certifications remain valid ahead of deployment.

Organisations benefit from working with providers that offer recognised programmes and flexible scheduling. Accessible training supports project timelines and reduces last minute disruptions caused by expired or missing certifications.

Maintaining certification and refresher requirements

BOSIET certification has a defined validity period, making refresher training essential. Regular updates ensure that skills remain current and aligned with evolving standards. Refresher courses reinforce critical knowledge and maintain confidence.

Ongoing competency supports long term safety culture. Workers who refresh their training stay familiar with procedures and equipment. This continuity strengthens offshore safety performance across multiple assignments.

Conclusion

Offshore oil and gas operations demand a high level of emergency preparedness and personal responsibility. Training aligned with OPITO standards equips workers with the skills needed to manage offshore risks and respond effectively during emergencies. BOSIET certification remains a cornerstone of offshore readiness, supporting safer deployments and international workforce mobility. FMTC Safety provides access to recognised training that helps offshore professionals meet industry expectations while strengthening safety performance across global operations.

The hull launch of the Coral North FLNG. (Image source: Eni)

Eni and its partners, China National Petroleum Corporation (CNPC), ENH, KOGAS and XRG have announced the hull launch of the Coral North FLNG

Coral North will be the second state-of-the-art floating LNG facility to be deployed in the Rovuma Basin waters, offshore Cabo Delgado, north of Mozambique, and will bring to production the gas from the northern part of Coral gas reservoir

Coral South, the first project to produce gas from the Rovuma Basin, has already delivered to the market more than 135 LNG cargoes. Building on the knowledge and experience gained since Coral South began production in 2022, Coral North is designed to deliver enhanced efficiency and optimised performances, reducing costs and minimizing execution risks with the goal of completing the project on schedule by 2028.

With a 3.6 MTPA liquefaction capacity, Coral North will double Mozambique’s total LNG output to 7 MTPA, making the country Africa’s third-largest LNG producer and exporter, strengthening its role as a key player in the global energy market.

Coral North is expected to bring big economic benefits for Mozambique, including revenues from LNG, a boost to local industry, and the creation of new jobs. Coral North will also expand investments in local development initiatives.

Eni has been present in Mozambique since 2006. Between 2011 and 2014, the company discovered vast natural gas resources in the Rovuma Basin, in the Coral, Mamba Complex and Agulha reservoirs, with around 2,400 billion cubic meters of gas in placeEni also contributes to improving the country’s economic diversification, access to education, health and water through implementation of a comprehensive sustainability plan.

The new detector combines advanced gas detection, lone worker protection, and radio-quality communication in one rugged device. (Image source: Blackline Safety)

Blackline Safety has launched G8, a new connected gas detector with a rugged, IP-67 rating designed to meet the most demanding industrial environments

Building on the company's G7 line, the new detector combines advanced gas detection, lone worker protection, and radio-quality communication in one rugged device that connects workers to each other, to their safety teams, and to the broader digital worksite — with real-time data streamed to the cloud.

The detector features swappable cartridges covering more than 20 gases, dual-band GNSS/GPS (L1/L5), delivering more reliable positioning in challenging environments, and access to ZoneAware geofencing in Blackline Live.

Offering enhanced speaker and mic technology it enables loud, clear worldwide radio functionality so crews can talk across sites, regions, or even countries; emergency voice calling – connecting workers directly with a live monitoring agent when an alert is triggered; text messaging and mass notifications; an internal full-range speaker delivering up to 1W of audio power, and optional RSM with up to 1.5W output to extend sound capability even further.

A 64-colour backlit display and 35-lumen, easy-access flashlight offer reliable visibility in low-light or confined spaces.

Live data is streamed from the device to Blackline’s data and analytics platform—Blackline Live—via the cloud. This gives safety leaders real-time visibility into worker status, gas readings, and site conditions, and it gives operations teams actionable insights to prevent incidents, reduce delays, and keep projects moving.

G8 is future-ready to plug into other digital platforms from human resource management systems (HRMS) to field service management tools to hot-permitting applications and more. It will continue to evolve with new capabilities, expanded integrations, and emerging technologies like AI-driven insights.

“G8 gives workers access to the tools and information they need to confidently get the job done and get home safe,” said Cody Slater, CEO and chair, Blackline Safety. “By unifying gas detection, real-time monitoring, and communication in one connected device, we’re delivering more than incremental improvement. We’re giving every worker a direct line to the people, data, systems and support they need to make faster, safer decisions.”

The move will enable TotalEnergies to refocus its portfolio on strategic priorities. (Image source: Adobe Stock)

TotalEnergies has signed a Sale and Purchase Agreement (SPA) with Vaaris for the sale of its 10% non-operated interest in the Renaissance JV licences in Nigeria

The Renaissance JV, formerly known as the SPDC JV, is an unincorporated joint venture between Nigerian National Petroleum Corporation Ltd (55%), Renaissance Africa Energy Company Ltd (30%, operator), TotalEnergies EP Nigeria (10%) and Agip Energy and Natural Resources Nigeria (5%), which holds 18 licences in the Niger Delta.

Under the agreement signed with Vaaris, TotalEnergies EP Nigeria will sell to Vaaris its 10% participating interest and all its rights and obligations in 15 licences of Renaissance JV, which are producing mainly oil. Production from these licenses represented approximately 16,000 barrels equivalent per day in company share in 2025. TotalEnergies EP Nigeria will also transfer to Vaaris its 10% participating interest in the three other licences of Renaissance JV which are producing mainly gas (OML 23, OML 28 and OML 77), while TotalEnergies will retain full economic interest in these licences which currently account for 50% of Nigeria LNG gas supply.

The move can be seen as a rebalancing of TotalEnergies’ portfolio in Nigeria, enabling the company to reduce its exposure to non-operated oil assets while freeing up capital for other priorities and allowing it to retain full economic interest in critical gas assets.

Closing is subject to regulatory approvals.

TotalEnergies has been present in Nigeria for more than 60 years and currently employs more than 1,800 people across different business segments. Nigeria makes a significant contribution to TotalEnergies’ hydrocarbon production with 209,000 boe/d produced in 2024. TotalEnergies also operates an extensive distribution network which includes about 540 service stations in the country. The company has a strong commitment to the socio-economic development of the country and is committed to working with local communities.

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