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Thursday, 31 October 2024
The US has strengthened sanctions against Russia, further targeting LNG exports from the Arctic LNG 2 project. New measures published on Wednesday, sanctioned nearly 400 entities and individuals, and called out several third-country operators that the US State Department believes have been supporting Russia’s energy production and military-industrial base.
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Thursday, 31 October 2024
Free ReadUS oil and gas firm Coterra Energy has signed a series of new LNG gas supply agreements, linking prices to long-term Asian and European indices. In the UK, the firm executed two natural gas sale and purchase agreements with utility firm Centrica LNG. Under the terms of the deals, Coterra…
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Thursday, 31 October 2024
QatarEnergy is reportedly set to award contracts for six new supersized LNG carriers to a joint venture between Japan’s Mitsui OSK Lines and China’s Cosco Shipping Energy Transportation (CSET). The partners have emerged as favourites to supply the 271,000-cbm LNG carriers that QatarEnergy contracted with Hudong-Zhonghua Shipbuilding in September.
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Wednesday, 30 October 2024
investment bank Goldman Sachs has cautioned that the upcoming US elections could introduce downward pressures on the global LNG market, driven by potential shifts in trade relations between the US, Russia, and China. "Any significant changes to US sanctions or tariff policies would potentially soften LNG and thus European and…
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Wednesday, 30 October 2024
Free ReadSapphire Gas Solutions has received approval from the US Department of Energy to export up to 51.75 billion cubic feet of LNG per year, supporting global energy needs through 2050. Utilizing ISO container technology, Sapphire bypasses traditional onshore transfers, enabling rapid deployment of LNG directly to crisis-affected areas, including those…
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Wednesday, 30 October 2024
The World Bank predicts that LNG prices will recover strongly next year, even as an oil glut sends global commodity prices to a five-year low. Analysts at the bank forecast that after falling in 2024, natural gas prices will recover in the US in 2025, and more modestly in Europe…
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Tuesday, 29 October 2024
Energy and infrastructure firm Sahara Group has signed a Heads of Agreement (HOA) with Mexican company Amigo LNG SA de CV, for supply of LNG from Amigo LNG’s facility in Guaymas, Sonora, Mexico. The facility is a large-scale 7.8 MTPA liquefaction and export facility on Mexico’s west coast, owned by…
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Tuesday, 29 October 2024
Offshore specialist PT. Layar Nusantara Gas (PTLNG) has signed a number of contracts to advance its floating liquefied natural gas (FLNG) project in West Papua, Indonesia. Agreements include a procurement contract with China National Machinery Import & Export Corporation (CMEC) and Shandong Kerui Energy Development, covering the design, engineering, and…
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Tuesday, 29 October 2024
Free ReadUS firm New Fortress Energy announced the completion of its third LNG cargo loading from its Fast LNG unit, an offshore natural gas liquefaction facility. The operation marked the first full production for the facility, as the Fast LNG unit is producing at its nameplate capacity of 1.4 million tons…
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Tuesday, 29 October 2024
Lithuanian terminal operator KN Energies has announced a €6 million investment to electrify the Klaipėda LNG terminal. The investment decision was reached during the Investment Committee meeting of the European Union’s Modernization Fund program and will see funds allocated to an ambitious transformation of the site.
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