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As Asian netbacks for delivered LNG cargoes outbid European prices, buyers are struggling to attract sufficient volumes to offset a looming storage shortfall. An additional 40 cargoes per month would be needed over the next five months, according to ICIS calculations, though economists doubt this is achievable.
Eskom has entered an LNG supply agreement with Zululand Energy Terminal (ZET) to underpin its planned 3,000 MW gas-to-power project in Richards Bay, South Africa. The deal will make Eskom a “foundation customer” at the proposed regas terminal, which will offer open-access LNG imports.
Sempra Infrastructure’s ECA LNG Phase 1 liquefaction project located at Ensenada, Mexico, has started producing LNG, the Sempra subsidiary confirmed.
Fierce competition between Europe and Asia for destination-flexible LNG is squeezing the global market.
Russian President Vladimir Putin has issued a presidential decree demanding that French energy giant, TotalEnergies sells a 10% stake in the Arctic LNG 2 project to a company set up last month called NordLine.
Malaysia’s PETRONAS Gas and a company connected to Tenaga Nasional, have signed a heads of agreement (HoA) to jointly develop a third regasification terminal (RGT-3) at Lumut, Perak.
The number of LNGCs sailing from US terminals fell this week to 29 from 32 the week before.
China imported 4.9 mill tonnes of LNG last month, a slight increase year-on-year, Bloomberg reported.
European Union LNG imports fell on an annual basis for the second consecutive month in May.
US offshore LNG plant developer, Delfin Midstream, has taken a final investment decision (FID) for its first FLNG.
