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QatarEnergy has declared force majeure on some of its long-term LNG supply contracts with Italian, Belgian, South Korean and Chinese buyers, among others.
Asian LNG buyers have diverted at least eight Atlantic Basin cargoes away from Europe, since the Middle East war began 28th February, according to S&P Global Commodities at Sea data.
Boots on the ground? In another crazy day in the game of claim and counter claim, President Trump said he had submitted a 15-point peace plan to Iran via Pakistani mediators.
Venture Global is working with countries all over the world to deliver critical cargoes. CEO Mike Sabel said the company is prepared to seal contracts for short-term delivery periods with potential LNG purchasers. Speaking at CERA Week in Houston, Texas, alongside Louisiana Governor Jeff Landry, the Venture Global CEO touted: “We have the most available LNG for years to come.”
Deutsche ReGas has been granted permanent to operate its Deutsche Ostsee LNG terminal at Mukran port on Rügen in the Baltic Sea, allowing the use of onboard gas generators on two floating storage and regasification units (FSRUs).
ABB has been contracted by Bechtel to deploy an automation platform for Trains 4 and 5 of the Rio Grande LNG project in Brownsville, Texas, as the plant moves to its full 30 mtpa production capacity.
The EU must implement the US trade deal without amendments or risk losing “favourable” access to US LNG shipments, President Trump’s ambassador to the bloc said, speaking to the UK’s Financial Times.
Commodity trading giant, Vitol has signed a binding agreement for the purchase of around 1.5 mill tonnes per annum of US LNG from Venture Global for five years, commencing this year.
Singapore-based oil and gas investment company, Sinolam has submitted an arbitration request with the International Centre for Settlement of Investment Disputes (ICSID) Convention against Panama, following the cancellation of a license for a major gas-fired power generation project.
Mixed messaging. Yesterday President Trump claimed the US and Iran had held talks in which the two sides had “major points of agreement”, and speculated that a deal could soon be done to end the war.
