Shell LNG outlook
Feb 16 (LNGJ) - Shell said in a liquefied natural gas sector outlook that Europe’s increased need for LNG looks set to intensify competition with Asia for limited new supplies over the next two years. Total global trade in LNG reached 397 million tonnes in 2022. Shell added that European countries, including the UK, imported 121MT of LNG in 2022, an increase of 60 percent compared with 2021, which enabled them to withstand a slump in Russian pipeline gas imports following the invasion of Ukraine.
“With reduced Russian pipeline gas, LNG is becoming an increasingly important pillar of European energy security, supported by the rapid development of new regasification terminals in northwest Europe. In contrast, China is evolving from being a rapidly growing import market to playing a more flexible role with an increased ability to balance the global LNG market,” stated the Shell report.
Intercontinental Exchange reports high volumes for June in North American and European natural gas
Intercontinental Exchange, a leading global provider of energy trading platforms for futures and options, reported very high volumes for June and for the second quarter highlighted derivatives included North American natural gas, the European Union benchmark Dutch Title Transfer Facility and North Sea Brent crude oil.
GasLog reports consequences of weak LNG demand, high inventory levels and move to Piraeus
GasLog Ltd, the LNG carrier fleet owner with 36 ships split with its US affiliate GasLog Partners, posted a first-quarter 2020 loss as LNG demand faced multiple headwinds.
French firm EDF Trading merges LNG activities with Japan's Jera Co. under Jera banner
Japanese LNG and energy procurement company Jera Co. Inc., formed by Tokyo Electric Power Co. and Chubu Electric, has signed a binding agreement with French firm EDF Trading Ltd to form an LNG and trading joint venture.
French law firm releases first standard terms and conditions for more efficient LNG trading
French law firm De Gaulle Fleurance and Associés has released the first standard terms and conditions for the sale and purchase of liquefied natural gas, offering a more efficient way to trade LNG on the spot and short-term markets.
International Group of LNG Importers says global cargo trade back to robust levels before 2011
The France-based International Group of Liquefied Natural Gas Importers (GIIGNL) said global LNG trade last year recorded a growth rate of around 7.5 percent, returning to a robust pace experienced before 2011.
