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The 30-day moving average of LNG shipments to Asia has fallen below 600,000 metric tons over the weekend – the weakest pace of arrivals in nearly six years, Bloomberg ship-tracking data shows. The decline reflects constrained vessel movements through the Strait of Hormuz and higher freight costs.
Canada must mobilise $500 billion in energy infrastructure by 2030 to capture a “generational, time-bound opportunity” in global LNG exports – or lose out to rival US developers, said TC Energy CEO François Poirier.
Shale gas production in the US is projected to surge by up to 40% as American supply fills the gap caused by force majeure on Qatari LNG shipments. Analysts expect US LNG to double, exceeding 30 billion cubic feet per day (bcf/d) by 2050.
Strait of Hormuz- Iran holds all the cards. Charts dated from 28th February to 9th April, published by Iranian news agencies ISNA and Tasnim, show a large circle marked 'danger zone' in Farsi over the Strait of Hormuz traffic separation scheme, newswires have reported.
Russia is offering South Asian countries LNG from its sanctioned facilities at a 40% discount to spot prices.
The European Union imported 69 cargoes of LNG from Russia’s Yamal Arctic LNG project during the first quarter of this year, generating an estimated €2.88 bill in payments to the country, according to Kpler data analysed by German NGO, Urgewald.
At a meeting of the European Commission’s Gas Co-ordination Group, the EC, EU countries and industry representatives discussed the security of EU gas supply, as the disruptions in the Middle East enter a sixth week.
Elenger, the largest privately owned energy company in Finland and the Baltic states, has started to prepare for the next heating season.
As you were!. Hopes that the Strait of Hormuz would be reopened for shipping transits appear to be dashed, as Iran claimed that an Israeli ceasefire against the Lebanese was included in the deal with the US for a two-week break in the conflict.
Petrovietnam Gas (PV GAS) has announced that its logistics subsidiary had completed a trial run to increase regasification capacity of its Thi Vai LNG terminal.