LNG

Deutsche Regas GmbH, the operator of the floating liquefied natural gas import terminal at the Baltic Sea port of Lubmin, said operating permits had been received at the company’s second German Baltic regasification terminal, located at the port of Mukran on Germany’s largest island of Rügen to allow operations to formally begin.

Deutsche ReGas GmbH, the German owner of the floating LNG terminal at the Baltic Sea port of Lubmin and with another floating terminal set to start at the nearby port of Mukran, said it would hold an open season in November for short-term capacities.

A huge floating LNG storage unit, the “Saam FSU”, arrived in Russian waters off Murmansk on June 25 as LNG developer Novatek re-organizes its trading logistics for the Yamal export plant and the new Arctic LNG II project as the Yamal facility also started a shutdown and maintenance programme.

Russian Prime Minister Mikhail Mishustin said the government was taking additional measure to increase liquefied natural gas cargo deliveries to the Asia-Pacific by the Northern Sea Route to offset the loss of pipeline gas customers in the European Union.

The Netherlands said that almost a year after Russia invaded Ukraine, the country had virtually stopped importing energy from Russia, though received about the same amount of Russian LNG in 2022 than in the previous year and was looking at setting up new LNG import terminals and joint purchasing global cargoes with the European Union.

The European Union Agency for the Cooperation of Energy Regulators (ACER) said it planned to publish its own price assessment for LNG in Europe to replace the Dutch Title Transfer Facility (TTF) market price in a move seen as seizing control of prices and interfering with free markets.

Turkish President Recep Tayyip Erdogan said in a speech that Turkey, an LNG importer, was continuing to prepare for the creation of a natural gas hub for Russian pipeline gas on its territory and a road map was being drawn up and aimed at supplying the European Union.