Four LNG cargoes transit Hormuz, more to follow
At least four LNG tankers have transited through the Strait of Hormuz in recent days, setting sail to Pakistan, India and China, after being held back for almost three months.
CMA CGM preps new LNG boxship
The French shipping firm CMA CGM is preparing to deploy its new LNG-fuelled containership Notre Dame on its Asia-to-Europe service. The vessel made its maiden call at Yangshan Port in Shanghai on May 22 and is now en route to Le Havre, France, where it will be named in early June. The 24,211 TEU vessel is the first of 10 ships due for delivery through to 2028.
ADNOC LNG cargo exits Hormuz bound for India
An LNG tanker loaded at ADNOC’s Das Island terminal has exited the Strait of Hormuz and is now on route to India. The most likely buyer is Indian Oil Corp, the counterparty to ADNOC’s latest long-term supply agreement.
Kinetic LNG gets $125m investment from Actera
Kinetics LNG has secured a $125 million investment from Turkish private equity firm Actera Group to help fund the expansion of its floating LNG business, targeting emerging markets.
Third Qatari LNG tanker crosses Hormuz en route to China
A third Qatari LNG tanker has transited the Strait of Hormuz bound for China after Qatari mediators arrived in Tehran to help broker a deal to end the US-Iran conflict. The vessel, Al Sahla, is scheduled to arrive at China’s Tianjin LNG terminal on June 14, according to LSEG shipping data.
Singapore secured sufficient LNG to last until year-end
Singapore has secured enough LNG from outside the Middle East to last through the end of this year, as state-owned buyer GasCo accelerated spot purchases to replace cargoes affected by disruptions around the Strait of Hormuz. Negotiations are underway for long-term offtake from the US, Australia and Canada.
Cyprus gas to be commercialized via Egypt LNG route
QatarEnergy, ExxonMobil and Egypt have agreed to assess commercializing Cyprus gas discoveries via Egypt’s existing LNG infrastructure. Supply from the Aphrodite discovery, estimated at 4.5 trillion tcf, will be routed to Egypt’s underutilized liquefaction plants at Idku and Damietta, with 12.2 mtpa capacity combined.
Feedgas for US LNG plunges despite Golden Pass return
Volumes of natural gas feeding the nine major US LNG export terminals are sliding towards a 16-week low, even as ExxonMobil/QatarEnergies’ Golden Pass terminal returns from maintenance, according to LSEG data.
Shipping – biggest obstacle to resume Qatari LNG flows
QatarEnergy CEO Saad al-Kaabi has identified shipping logistics as the biggest hindrance to resuming LNG exports from Ras Laffan once the Strait of Hormuz reopens, underlining tight tanker availability and routing constraints may impact the recovery of one of the world’s largest LNG export terminals.
KEPCO upgrades Himeji No.1
Kansai Electric, better known as KEPCO, is planning to renew Himeji No.1 Power Station in western Japan with high-efficiency combined cycle units to increase output and lower emission. Himeji No.1 is an LNG-fuelled plant that has been in operation for over 30 years, and the repowering is meant to raise output from 1,442 MW to 1,950 MW and thermal efficiency from 54% to about 63%. Start of commercial operation is planned for fiscal 2033.
