LNG cargo prices maintain their upward trend and defy market gravity of high gas storage and warmer weather
Global liquefied natural gas cargo prices from North Asia to the European Union continued their upward trend for a fifth week, defying the record storage levels at the end of the winter season amid market concerns about possible energy policy or geopolitical threats that could undermine sentiment in the months ahead.
Equinor plans approved for three projects including fast-track pipeline gas for UK in competition to LNG
Norway’s Equinor has received approval for the development of three more fields in the Norwegian Continental Shelf to supply Europe, including the fast-track Irpa natural gas field to supply several million UK households with gas for seven years in competition to LNG cargoes.
Norwegian pipeline gas operator Gassco given all clear after phone threat led to brief spike in prices
Gassco, the Norwegian pipeline natural gas operator and whose transported volumes are the main competitor to LNG, said it was given the all-clear by Norwegian police after what it described as “an unclear situation” at the Nyhamna gas plant in Western Norway processing supplies for Europe.
Norway’s Equinor signs British Gas utility deal to supply more gas to UK for at least next three winters
Equinor, the Norwegian major and the UK’s Centrica, owner of the British Gas utility, have signed a deal for the delivery of more Norwegian pipeline natural gas over the next three winters and the accord will slightly lessen the need for more LNG deliveries to UK terminals.
Largest European LNG terminal in UK plans future Open Season amid expansion plans and record usage
The UK Isle of Grain LNG import terminal, located on the Medway River southeast of London in the county of Kent, intends to launch an Open Season to market capacity that will become available in the near future amid record usage and expansion plans.
Isle of Grain LNG
March 8 (LNGJ) - The 154,880 cubic metres capacity LNG carrier “BW Pavilion Vanda” was discharging a cargo on April 8 at the Isle of Grain terminal, operated by National Grid plc on the Medway River in Kent. The cargo was lifted on March 23 from the Corpus Christi export plant in Texas, according to shipping data.
Norwegian gas operator Gassco transports Australian LNG equivalent output to Europe
Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, transported 106.99 billion cubic metres of gas through the pipeline systems from Norway to Europe and the UK in 2019, less than in the previous year.
