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…
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 –…
Qatar expects to restore normal liquefied natural gas production “within a few weeks,” Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani told the Financial Times, provided the US and Iran establish a “hotline” to ensure safe passage through the Strait of Hormuz.
Qatar is repositioning LNG carriers back into the Middle East Gulf as loadings resume and is understood to be seeking short-term charter coverage. Offtakers are counting on QatarEnergy’s promise to reinstate at least half of Ras Laffan production capacity within a month of safe passage through the Strait of Hormuz…
Glenfarne has warned Alaska’s proposed gasline tax package could still leave the $13.2–16.9 billion pipeline segment of the Alaska LNG project without a viable path to completion, undermining financing just as the project seeks to take FID.
Poland’s state-controlled TSO Gaz-System is considering adding a second floating storage and regasification unit (FSRU) to its planned LNG import terminal in Gdansk. The project is slated to start with 6.1 bcm per year of regas capacity and could be expanded by another 4.5 bcm to 10.6 bcm per year…
PipeChina is gearing up to add a second regasification terminal for cargoes from Russia’s sanctioned Arctic LNG 2 project. The newly built Longkou LNG terminal in Shandong province meant to receive shipments before October.