QatarEnergies extends force majeure on Edison LNG cargoes
QatarEnergies has notified Edison that it is unable to deliver three LNG cargoes, extending force majeure until the end of September, the Italian utility stated. A total of 24 cargoes, representing a combined 3 bcm of natural gas, are now subject to force majeure over the April-September delivery window, with Edison saying it has already replaced most of the lost volumes.
LNG importers seek optionality, not just molecules
Optionality, not just molecules, is what LNG buyers are scrambling for as spare capacity shrinks and shipments from Qatar remain constraint. As sources for ‘safe’ supply become finite, each new shipping disruption has a greater impact on prices and procurement decisions, analysts warn.
Asyad sells stakes in Oman LNG carrier pair
Asyad Shipping has agreed to sell minority stakes in the companies that own its two newest carriers, Muscat LNG and Musandam LNG, to two Omani investors. The deal leaves Asyad with 80% of each vessel-owning company and brings domestic capital into the group’s gas-shipping platform.
Total, Eni approve Cyprus gas project tied to Egypt LNG route
TotalEnergies and Eni have approved development of the Cronos gas field offshore Cyprus, a project that will route gas through Egypt’s LNG export infrastructure with first production expected in 2028.
India’s seaborne coal import drop in July, LNG no alternative
High prices are causing a drop in seaborne coal imports to India, though LNG is no alternative due to supply constraints and record prices, leaving Indian utilities struggling to meet soaring electricity demand this summer.
Cambodia plans to import first LNG in 2027
Cambodia is adhering to its plan to begin LNG imports in 2027, with the government’s timeline anchored by the 900 MW Botum Sakor LNG-fired power project. The plant’s first 450 MW unit is scheduled to start operation in April 2027, followed by a second unit in December.
Wärtsilä services LNG-powered cruisers
Wärtsilä has signed an eight-year Lifecycle Agreement with Carnival Corp covering four LNG-powered cruise ships, including two vessels currently under construction. The deal covers ships operating under the Princess Cruises and Carnival Cruise Line brands.
Alaska LNG could become South Korea’s first U.S. investment
The Alaska LNG project has emerged as South Korea’s likely first U.S. investment under a $200 billion trade deal, with Seoul signalling a possible announcement in late August or early September.
First ECA LNG cargo en route to South Korea
The first cargo from Sempra’s Energia Costa Azul LNG terminal on Mexico’s Pacific coast is heading to South Korea, offering a new route for US LNG to Asian markets. The cargo, loaded aboard the Pacific Success, is still underway in the Pacific.
Electricity demand outpaces GDP growth, impacting LNG imports
Through 2030, global electricity consumption will grow at least 2.5 times as fast as overall energy demand, the International Energy Agency (IEA) forecasts, with emerging Asian economies accounting for near 80% of incremental electricity and related LNG demand to fuel gas peaking power stations.
