WaveCrest Energy has announced the start of a market consultation process for a proposed Teesside Flexible Regas Port as the UK’s third liquefied natural gas import destination in advance of a planned capacity auction to be launched in the third quarter of 2024.

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The UK will hold a unique online auction of an almost complete gas-fired power station that was originally built as an energy-from-waste project on Seal Sands on the River Tees  in northeast England.

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Trafigura, the international commodities trading company, has signed an agreement with Singapore LNG Corp. for storage and reload services at the city-state’s import terminal on Jurong Island.

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Global commodities trader Trafigura plans to invest in a liquefied natural gas import facility in Teesside in northeast England as it expands its LNG trading and UK gas market presence and forecasts a surge in cargoes from the United States.

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