Yesterday, Venture Global received approval from the US Department of Energy (DoE) to export LNG to non-FTA countries for its third project, CP2 LNG, located in Cameron Parish, Louisiana.
Australian engineering company Worley has won a contract from German state-owned Deutsche Energy Terminal (DET) for Phase 2 of the Brunsbüttel FSRU terminal.
Free ReadPeace between Ukraine and Russia – if and when agreed – will unlikely lead to large additional volumes of Russian gas returning to Europe beyond current LNG and Turkstream flows. According to Fitch Ratings, the resulting implications for the TTF gas price range from "negligible to a decrease of 50 to…
LNG as a marine fuel is gaining traction, notably in the very large crude carrier (VLCC) segment where 21 vessels are in service and 14 on order, Lloyds Register finds. Four of these VLCCs were built by Hanwha Ocean, as part of the ‘Neptune project’, on behalf of Advantage Tankers.
The US exported a record amount of LNG last month. More than 9 mill tonnes of LNG were shipped, according to preliminary data from LSEG.
Free ReadNorth America’s LNG boom will not only threaten to increase consumer bills but also jeopardise the long-term stability of the continent’s gas and electricity markets, a new report suggests. Gas industry analysts have known for more than a decade that LNG exports would boost North American gas prices, according to…
INEOS Energy has completed the acquisition of the US Gulf business held by CNOOC Energy Holdings USA Inc, a US subsidiary of CNOOC International (CNOOC).
Deutsche ReGas has succeeded in gaining permission to restart reloading LNG tankers at its Mukran floating regas and storage unit (FSRU). The environmental ministry had forbidden the practice in the autumn, arguing reloading was not covered by the terminal’s original permit.
Today it is believed that the US will rescind a policy issued by the Biden administration that requires LNG projects to begin exporting within seven years of receiving regulatory approval.
Free ReadEurope could need up to an extra 250 LNG cargoes this year at a cost of at least $11 bill. This volume would be needed to refill its depleted gas storage ahead of next winter, with Ukraine requiring at least another 30 cargoes, according to analysts and data. Demand during…