EU Energy Sector Specialist Commentary

Latest edition · June 9, 2026

JPM TEx2, GLOBAL LNG TRACKER:HORMUZ, ENI, AKRBP, EQNR

The report provides an update on European energy market news, including major contract wins for Technip Energies, joint venture activity between Eni and PETRONAS, and asset updates for Aker BP. It also tracks ongoing LNG shipping developments in the Strait of Hormuz.

This J.P. Morgan European Energy commentary highlights corporate developments such as Technip Energies securing a major EPCIC contract for Mozambique's Coral Norte FLNG project and the formation of the Searah joint venture between Eni and PETRONAS. Additionally, it details Aker BP's stake increase in the Johan Sverdrup field and provides a status update on global LNG shipping through the Strait of Hormuz, where transit activity remains sporadic as the region moves toward a potential full reopening.

Key takeaways from the latest edition

• 1.Technip Energies secured a major EPCIC contract for the Coral Norte FLNG project in Mozambique.
• 2.Eni and PETRONAS launched 'Searah', a 50-50 joint venture consolidating 19 gas assets across the ASEAN corridor.
• 3.Aker BP is increasing its ownership interest in the Johan Sverdrup field to ~31.72%.

What this series covers

• Key Newsflow
• JPM Global Energy Spec Sales Content
• Access
• Oil Macro and Flows
• Company News
• Macro
• Global Oil & Gas Research
• J.P. Morgan Global Oil & Gas Access
• Sector Calendar

Edition archive

• JPM TEx2, GLOBAL LNG TRACKER:HORMUZ, ENI, AKRBP, EQNR

  June 9, 2026

• JPM AENA, PNN, NG, US OFFSHORE WIND, IBE

  June 3, 2026

• JPM CENTER FOR GEOPOLITICS, ENI, BP

  May 29, 2026

• JPM HBR, OMVx2, BP, ENI

  May 19, 2026