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To: [email protected]
Date: Fri, 15 May 2026 08:14:02 GMT
Subject: Gas to Power Weekly - 15 May - Jordon charters Excelerate FSRU to meet summer demand peak; Asia’s call on cross-basin LNG cargo lifts JKM-TTF spreads
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<p style="margin: 0;"><span style="font-weight: bold; font-size: 16px; color: rgb(128, 126, 131);">LEAD ARTICLE</span></p>
<p style="margin: 0;"><br></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131); font-size: 18px; font-weight: bold;">Jordon charters Excelerate FSRU to meet summer demand peak</span></p>
<p style="margin: 0;"><br></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131); font-weight: bold;">Jordan's National Electric Power Co has signed a nine-month timecharter for the FSRU </span><span style="font-weight: bold;">‘</span><span style="color: rgb(128, 126, 131); font-weight: bold;">Excelerate Acadia’ to be deployed at the country’s Aqaba terminal. Imported LNG will help meet Jordan’s rising gas demand for power generation during the peak summer season. </span></p>
<p style="margin: 0;"><br></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131);">The additional floating LNG import capacity will reinforce fuel supply to Jordan’s gas-fired power plants, which account for the bulk of the country’s electricity generation. Demand typically increases sharply during the summer months, driven by higher electricity use for air conditioning.   </span></p>
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<p style="margin: 0;"><span style="font-size: 16px; color: rgb(128, 126, 131); font-weight: bold;">M A R K E T S</span></p>
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<p style="margin: 0;"><span style="font-size: 16px; color: rgb(128, 126, 131);">Australia mandates gas reserve for domestic market</span></p>
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<p style="margin: 0;"><span style="color: rgb(128, 126, 131); font-size: 18px; font-weight: bold;">Australia mandates gas reserve for domestic market</span></p>
<p style="margin: 0;"><br></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131); font-weight: bold;">Australian LNG exporters will be required to reserve 20% of their gas production for the east coast domestic market under a new policy, effective July 1, 2027. The measure targets three LNG projects – Shell/Arrow Energy's Queensland Curtis LNG, Santos’ Gladstone LNG, and Origin/ConocoPhillips' Australia Pacific LNG.</span></p>
<p style="margin: 0;"><br></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131);">The mandates will not interfere long-term export contracts, Australia’s energy minister Chris Bowen insisted; but will instead apply to spot market sales and future offtake agreements. </span></p>
<p style="margin: 0;"><br></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131);">“This is a policy which will obviously not please everyone – often good policy doesn't – but it's good policy,” Bowen told reporters, underlining the policy has been “carefully calibrated (…) to ensure Australia's national best interests are put first.”</span></p>
<p style="margin: 0;"><br></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131);">The move follows warnings from Australian Competition and Consumer Commission (ACCC) of a 9 petajoules shortfalls in the third quarter of 2025, and structural gaps from 2028. Southern states urgently need Queensland’s gas production surplus as regional reserves deplete.</span></p>
<p style="margin: 0;"><br></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131);">Under the new scheme, producers must prove that they have delivered – not merely offered – natural gas to the domestic market, before being granted permits to export. </span></p>
<p style="margin: 0;"><br></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131);">"It's a structural shift which creates a buyers' market … where producers have to compete among themselves for contracts to supply the domestic market,” Resources Minister Madelaine King commented, suggesting it will put “quite strong downward pressure on prices.”</span></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131);"><span class="ql-cursor"></span></span></p>
<p style="margin: 0;"><span style="color: rgb(128, 126, 131);">East coast gas prices have almost tripled over the past four years, escalating fuel cost for power generation and industries like aluminium smelters. The Wallumbilla (WGSH) east coast spot gas price was last seen trading at A$12.00 per Gigajoule (GJ), while contracted supply averaged A$13-15 per GJ. </span></p>
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Email from Gas to Power Journal Our weekly update covering everything you need to know about Natural Gas Power Generation LEAD ARTICLE Jordon charters Excelerate FSRU to meet summer demand peak Jordan's National Electric Power Co has signed a nine-month timecharter for the FSRU ‘Excelerate Acadia’ to be deployed at the country’s Aqaba terminal. Imported LNG will help meet Jordan’s rising gas demand for power generation during the peak summer season. The additional floating LNG import capacity will reinforce fuel supply to Jordan’s gas-fired power plants, which account for the bulk of the country’s electricity generation. Demand typically increases sharply during the summer months, driven by higher electricity use for air conditioning. DOWNLOAD NOW << C O M P A N I E S Siemens Energy raises outlook on strong Q2 earnings M A R K E T S Australia mandates gas reserve for domestic market Fuels crisis rattles Asian economies P R O J E C T S Bids for Singapore CCGT tender close June 24 Centrica completes £370m Severn CCGT acquisition in Wales P O W E R M I X Offshore wind crunch bolsters role of gas-fired power Australia mandates gas reserve for domestic market Australian LNG exporters will be required to reserve 20% of their gas production for the east coast domestic market under a new policy, effective July 1, 2027. The measure targets three LNG projects – Shell/Arrow Energy's Queensland Curtis LNG, Santos’ Gladstone LNG, and Origin/ConocoPhillips' Australia Pacific LNG. The mandates will not interfere long-term export contracts, Australia’s energy minister Chris Bowen insisted; but will instead apply to spot market sales and future offtake agreements. “This is a policy which will obviously not please everyone – often good policy doesn't – but it's good policy,” Bowen told reporters, underlining the policy has been “carefully calibrated (…) to ensure Australia's national best interests are put first.” The move follows warnings from Australian Competition and Consumer Commission (ACCC) of a 9 petajoules shortfalls in the third quarter of 2025, and structural gaps from 2028. Southern states urgently need Queensland’s gas production surplus as regional reserves deplete. Under the new scheme, producers must prove that they have delivered – not merely offered – natural gas to the domestic market, before being granted permits to export. "It's a structural shift which creates a buyers' market … where producers have to compete among themselves for contracts to supply the domestic market,” Resources Minister Madelaine King commented, suggesting it will put “quite strong downward pressure on prices.” East coast gas prices have almost tripled over the past four years, escalating fuel cost for power generation and industries like aluminium smelters. The Wallumbilla (WGSH) east coast spot gas price was last seen trading at A$12.00 per Gigajoule (GJ), while contracted supply averaged A$13-15 per GJ. Enjoyed your free read? Consider a trial subscription Follow us on social media Gas to Power Journal | 39-41 North Road | London, N79DP GB Unsubscribe | Update Profile | Constant Contact Data Notice
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