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QatarEnergy has extended force majeure on term LNG deliveries through mid-June, with Edison notified of a 10-cargoe shortfall while Petronet says it expects to receive its full contacted Qatari LNG volumes once Hormuz transits resume.
The US Department of Energy (DOE) and American companies have announced “billions of dollars” of LNG and gas pipeline-related infrastructure investment across Central and Eastern Europe (CEE). The key objective of Trump’s ‘Peace Pipeline Framework’ and the broader ‘Three Seas’ supply corridor is to facilitate more US LNG imports.
Australia’s Woodside Energy is struggling to market volumes from its planned Louisiana LNG terminal, as its higher liquefaction fees put the 16.5 mtpa project at a disadvantage to US rivals.
Norwegian shipping firm Knutsen seeks to defend its position in the LNG carrier market as activity heats up, with its charter backlog surpassing $15 billion across 68 operating vessels.
Shipments from Canada’s LNG Canada plant surpassed 1 million metric tons in April, marking a new monthly record, according to LSEG data, as the $40‑billion facility is ramping toward its full design capacity. All cargoes set sail to Asia, mainly South Korea.
Bangladesh and Pakistan are fast-tracking plans to expand nuclear power capacity as disruptions to contracted Qatari LNG deliveries and price spikes expose the risk of heavy reliance on imported gas.
Spiking oil prices. Yesterday, Brent peaked at $126.41 per barrel, mainly due to the June contract rolling over into July, which was up around 1% to above $111 per barrel.
Apollo Global Management, Blackstone and KKR are vying to acquire a significant stake in the LNG Canada project from energy major Shell, according to sources talking with Reuters.
Malaysian energy giant, PETRONAS and Japan’s ENEOS Xplora have signed definitive agreements to formalise the latter’s re-entry into Malaysia LNG Tiga (MLNG Tiga).
Spanish energy giant, Repsol has posted adjusted net income of €873 mill for the first quarter of this year.
