EE — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• In October 2025, we executed a definitive commercial agreement with a subsidiary of Iraq’s Ministry of Electricity for the development of the country’s first LNG import terminal. The integrated project includes a five-year agreement for regasification services and LNG supply with a customer extensio…

• In June 2026, we executed a long-term time charter party agreement with a subsidiary of Frontera Energy Corporation to redeploy the Express to a new LNG import terminal under development in Colombia. The agreement is expected to commence in the first quarter of 2027 under a seven-year term with mult…

• current deployment, secures long-term utilization of the asset, and supports Colombia’s efforts to strengthen energy security and diversify its sources of natural gas supply.

• In July 2026, we executed an agreement to acquire an LNG carrier, the Methane Patricia Camila, which is expected to serve as the dedicated vessel for our first FSRU conversion project. We currently expect that the converted FSRU will be available for commercial deployment in 2028.

• During the second quarter of 2026, global LNG markets remained heavily influenced by geopolitical developments in the Middle East. Market conditions remained volatile as buyers continued to balance supply security considerations against evolving geopolitical risks. Elevated shipping costs, higher in…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• In October 2025, we executed a definitive commercial agreement with a subsidiary of Iraq’s Ministry of Electricity for the development of the country’s first LNG import terminal. The integrated project includes a five-year agreement for regasification services and LNG supply with a customer extensio…

• During the first quarter of 2026, global LNG markets were materially impacted by the armed conflicts in the Middle East, which disrupted supply availability and drove significant price volatility. The conflicts resulted in the effective closure of the Strait of Hormuz and damage to LNG infrastructur…

• These disruptions led to sharp increases in spot LNG prices during the quarter, particularly in Asia. Elevated prices, increased shipping and insurance costs and logistical challenges contributed to volatile trading conditions and prompted demand curtailment in certain price sensitive markets. As a …

• Natural gas and LNG prices increased across European and Asian markets during the first quarter of 2026 as compared to the fourth quarter of 2025. Dutch Title Transfer Facility (“TTF”) and Japan Korea Marker (“JKM”) reported average first quarter prices of $13.69 per million British thermal units (“…

• Global LNG trade during the first quarter of 2026 decreased to 116 million tonnes (“MT”), compared to 119 MT in the fourth quarter of 2025. Approximately 20% of the world’s LNG trade flows through the Strait of Hormuz. The closure of this critical passage resulted a major disruption in global LNG tr…