LNG

An important logistical link in Russian liquefied natural gas trading, a huge floating storage unit called “Saam FSU”, was heading past the Norwegian coast on June 20 for its destination port of Murmansk.

GAIL India Ltd., the state-owned LNG importer and natural gas pipeline grid and city-gas operator, reported a halving of net profits for the fiscal year as Russian LNG supplies resumed and it considered taking a stake in a US export project.

Fluxys Belgium, the national gas grid company and operator of the Zeebrugge LNG import terminal, increased revenues and profits and said its infrastructure was used particularly intensively by customers to support security of supply in Germany and the Netherlands.

March 15 (LNGJ) - Belgium is scheduled to receive two LNG cargoes from Russia this week. The “Nikolay Urvantsev”, a vessel with 170,000 cubic metres capacity, was scheduled to berth on March 15 at the Belgian import terminal at Zeebrugge, according to shipping data. The cargo was lifted on March 8 from the Yamal plant in northern Siberia.

   A second Russian cargo was due at Zeebrugge on March 19 on board the 172,000 cubic metres capacity “Vladimir Voronin”. The shipment was lifted on March 11 from the Yamal Peninsula export terminal.

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.

Gas Authority of India (GAIL), the LNG importer and natural gas pipeline grid and city-gas operator, reported a decline in net profits even as total revenues increased for the fiscal third quarter and the year to date.

Fluxys Belgium, the operator of gas infrastructure including the Zeebrugge LNG import terminal, has given the go-ahead for the construction of a new pipeline between Desteldonk and Opwijk in Belgium to improve west-to-east gas flows in the European Union.

The European energy crisis is expected to last for several years and in addition to limits on global liquefied natural gas supplies there has also been less than adequate investment in regasification facilities.

Novatek, the Russian natural gas company and operator of the Yamal LNG export plant and developer of Arctic LNG II currently under threat from Western sanctions imposed because of the Ukraine invasion, said LNG cargoes sold on international markets fell in the second quarter.

Chinese liquefied natural gas imports reached almost 79 million tonnes in 2021, increasing by more than 18 percent and overtaking Japan to become the World No. 1 importer of the fuel.