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The White House is supporting the Alaska LNG tax reform, with a volumetric tax on feedgas flows meant to reduce early-stage fiscal burdens for the long-delayed $44 billion LNG export project. Financial close on Phase 1 is envisaged later this year.
Free ReadAbu Dhabi National Oil Co (ADNOC) has moved a second LNG carrier through the Strait of Hormuz, with tankers going off the radar when transiting the critical waterway as security risks persist. The two carriers loaded at Das Island terminal and appear to be heading to Japan and China. “Apparently,…
Twists and turns. Asian shares surged this morning, led by a 5.7% jump in Tokyo’s Nikkei 225 to a record intraday high, as investors looked for signs of a possible US/Iran agreement that could open up the Strait of Hormuz.
Long-term demand for LNG shipping contracts is expected to increase, according to US-based LNG developer NextDecade, due to the escalating situation in the Middle East.
Norwegian state-owned oil and gas giant, Equinor has seen a surge in interest for energy exports from customers as far afield as Australia after the Iran war curbed exports of oil and LNG from the Gulf, the energy group claimed.
Oslo-based TMC Compressors (TMC) has been contracted by Samsung Heavy Industries (SHI) to supply the marine compressed air system for four LNGCs under constructing for TMS Cardiff Gas.
Swiss commodity trader Gunvor has agreed to offtake 0.3 mtpa of LNG from Delfin Midstream’s FLNG1 facility offshore Louisiana over 20 years, pushing the project’s contracted volumes above 4 mtpa as it nears financial close.
An US-Iran peace deal resolution is expected “very soon,” Pakistan’s foreign ministry says – which would hit future prices immediately – but physical LNG and oil flows, deliveries, and broader supply normalization would lag by weeks, Rystad Energy cautions.
Pakistan LNG’s emergency tender for spot cargoes is closing today as the state-owned importer seeks urgent deliveries to help meet seasonal peak power demand more than 4,500 MW. Delivery windows for the cargoes are offered for May 12-14 and May 24-26.
More mixed messaging. In another U-turn, US President Trump has announced he will pause his plan to escort ships through the Strait of Hormuz, citing “great progress” towards a deal to end the war.