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Chinese LNG buyers were increasingly reselling US-sourced cargoes, as the impact of Trump’s huge tariffs against the country’s  goods significantly raises import costs.
Wednesday, 09 April 2025
NextDecade Corp has signed a 20-year LNG sale and purchase agreement (SPA) with a subsidiary of Saudi energy giant Aramco for offtake from Train 4 at the Rio Grande LNG Facility.
Free ReadThough Germany must phase out fossil gas by 2045 to become climate neutral, there is no clear roadmap for exiting natural gas in the power sector and the future role of LNG, the International Energy Agency (IEA) criticises. The German ‘LNG Acceleration Act,’ for once, stipulates an end of LNG…
Free ReadFinancial close on US LNG export projects could be at risk by a stable peace deal between Russian and Ukraine, analysts warn. Europe would subsequently rush to accommodate more Russian pipeline gas imports of up to 50 bcm per year, while the lifting of sanctions on Russian LNG would raise…
Spanish energy supplier, Reganosa Group, has strengthened its international interests with the result that the company now operates in 30 countries.
Italian energy company, Snam, together with Infinity Investments, wholly owned by the Abu Dhabi Investment Authority, has signed an agreement to acquire a 24.99% stake held by Infinity in Vier Gas Holding (VGH) for €920 mill.
Tuesday, 08 April 2025
Italian energy company, Eni is considering selling some upstream assets, following a recent deal with global energy trader Vitol, Chief Operating Officer for upstream activities, Guido Brusco, told newswires yesterday.
Free ReadThough India has not yet mandated the dispatch of gas peaking power stations, analysts see upside risk to LNG-burn following a government tender to purchase 1.8 Gigawatt of gas-fuelled generation between April and October. Torrent Power was awarded 1.35 GW, with Kashipur Gama and Kondapalli Lanco taking the rest of…
Free ReadUK energy giant Shell has lowered its LNG production outlook for the first few months of this year. LNG production reached between 6.4 mill and 6.8 mill tonnes in the first quarter of this year, down from an earlier forecast of 6.6 mill to 7.2 mill tonnes. Shell explained that the…
Asian spot LNG prices remained at their lowest level in nearly six months on Friday as President Trump's ‘liberation day’ tariffs hit worldwide markets amid fears of a global recession.