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Poland’s ORLEN and Ukraine’s Naftogaz Group have agreed to deepen their LNG cooperation by jointly using regasification terminals and transmission infrastructure across the Baltic and Eastern Europe, which would include Poland’s Świnoujście terminal as part of the wider logistics chain.
Asian countries are stepping up investment in domestic energy to curb reliance on imported LNG, as energy security overtakes cost following the three-month disruption of the Strait of Hormuz. China, India and Pakistan are accelerating spending on coal, renewables and nuclear power to reduce exposure to LNG imports.
Golden Pass LNG, the QatarEnergy and ExxonMobil joint venture, has received U.S. regulatory approval to begin preliminary commissioning activities on Train 2 – just two days after the company filed its request.
A suspected drone strike on a merchant vessel near the Strait of Hormuz is testing a fragile U.S.–Iran framework agreement to restore shipping flows through one of the world’s most critical energy corridors, with implications for LNG trade.
The European Union cannot set climate rules for the rest of the world as it moves to penalise LNG imports based on methane emissions, Philip Mshelbila, secretary general of the Gas Exporting Countries Forum (GECF) said at the Reuters Global Energy Forum in New York.
Vietnamese authorities in Nghe An province are urging PV Power to accelerate development of the $2.25 billion Quynh Lap LNG-to-power project with a view to bringing the 1,500 MW plant into operation by 2030 – even as imported fuel costs weigh on profitability.
Most European LNG buyers are expected to import less than anticipated due to higher prices and tighter markets, with Poten & Partners estimating around 17 mtpa of demand destruction this year, particularly in Italy and Belgium.
Delfin LNG has secured a long-term offtake agreement for its second floating LNG vessel offshore Louisiana as British utility Centrica locks in more US LNG supply. Delfin recently reached financial close on its first $5 billion FLNG project, set to add 4.4 mtpa of liquefaction capacity with a targeted start-up in 2030.
Bureau Veritas has classed CMA CGM Notre Dame, a 24,092 TEU LNG dual-fuel ultra-large container ship delivered by Jiangsu Yangzi Xinfu Shipbuilding, marking the first in a planned series of 24 vessels for CMA CGM.
The last LNG carrier, still holding the cargo it was carrying when March's closure of the Strait of Hormuz trapped it in the Persian Gulf, is preparing to leave the region, our data shows. The Patris, carrying a 0.07MMt cargo, had listed Himeji, Japan, as its destination in March – but now shows none, with the scheduled delivery likely cancelled or rescheduled.
