The US Federal Reserve’s interest rate cut has had little effect on oil and LNG prices as uncertainty about the macro-economic outlook stays high. “For commodity markets, the message is clear: monetary policy is no longer a dominant driver of price direction,” Rystad analysts commented.
Italian LNG player, Edison has signed a contract with Knutsen OAS Shipping for the long-term charter of a new 174,000 cu m LNGC.
The US Federal Energy Regulatory Commission (FERC) has approved Trans-Foreland Pipeline Co’s request for an extension to convert a dormant LNG export terminal at Nikiski on the Kenai Peninsula to an import facility.
According to its AIS tracking data, in recent days, Russia’s medium Ice Class LNGC ’Buran’ has failed to reach the Arctic LNG 2 terminal in Ob Bay on several occasions, due to thick ice, which has closed regular navigation.
Aktor’s joint venture with Greece’s state gas supplier Depa has signed a deal with Venture Global to import US LNG for domestic use and re-export to Ukraine and Romania. Initial re-exports are intended to start as early as 2026.
Galveston LNG Bunker Port has signed a Heads of Agreement with an international shipping company to supply LNG as marine fuel starting in 2029.
Russian energy giant Gazprom has delivered an LNG cargo from its Baltic Portovaya LNG plant to China, according to LSEG data, Reuters reported.
Large energy and commodity trader, Vitol is expected to supply Colombia’s new LNG import terminal on its northern Caribbean coast, Bloomberg has reported.
US engineering company, Fluor Corp has completed LNG Canada Project’s Train 2 with its joint venture partner JGC Corp.
Not a single US LNG cargo transited the Panama Canal during the first three weeks of November, according to S&P Global Commodities at Sea data, as the arbitrage window prompted most tankers to head to Europe rather than Asia.