Adani affiliate to service Argentine FLNG
Adani Ports and Special Economic Zone (APSEZ), India's largest commercial ports operator, has secured a $70 million marine services contract for Argentina’s first floating LNG export project, which will supply LNG to India. Commercial operations for the FLNG facility in San Matías Gulf are expected to begin in September 2027, producing 2.45 million tonnes of LNG annually.
Kenya unveils plans for $2.9bn LNG-fuelled power plant at Mombasa
Kenyan authorities have announced plans for a $2.9 billion LNG-fuelled power plant near the port of Mombasa. The initiate targets a 1,200 MW plant in the Dongu Kundo area, provided attractively-priced term deliveries can be secured.
Morocco edges closer to creating $1 billion LNG hub
Morocco is advancing plans for an LNG import terminal and integrated 1.2 GW gas power plant at the Nador West Med Port. At the heart of the hub is a FSRU, initially sized at around 0.5 bcm/year, currently under tender and expected to start operations in late 2026 or early 2027.
Galveston Port secures first LNG bunker fuel offtake
Galveston LNG Bunker Port has signed a Heads of Agreement with an international shipping company to supply LNG as marine fuel starting in 2029.
Murkran FSRU gets permission to restart LNG reloading
Deutsche ReGas has succeeded in gaining permission to restart reloading LNG tankers at its Mukran floating regas and storage unit (FSRU). The environmental ministry had forbidden the practice in the autumn, arguing reloading was not covered by the terminal’s original permit.
SK Gas starts up LNG-/LPG-fuelled power station in Ulsan
South Korean utility SK GA Ulsan has started operations of a 1.2 GW combined-cycle power station that can run on LNG and liquefied petroleum gas (LPG). Dual-fuel capability allows the plant operator to optimise fuel costs while guaranteeing stable electricity supply for 2.8 million households in the Korean port city.
Unlikely extension of Taiwan’s last nuclear unit spurs pivot to LNG
Taiwan is one of the few markets in Asia where LNG demand is rising with a steady and substantial pace. Over 4.4 GW of new gas-fuelled power generation capacity is scheduled to start operations, underpinning LNG imports, while Taiwan’s law-making court is reviewing if the runtime of the final 951 MW unit at Maanshan nuclear power station can be extended.
Tapping Finland’s cheap energy to produce synfuels at Oulu
Verso Energy has reserved a site for a new plant to produce hydrogen (H2) and biogenic synthetic fuels at the Port of Oulu, in northern Finland. Similar production sites exist in various parts of France, and Verso's synfuels production process combines green H2 with carbon dixoide (CO2) recovered from nearby paper and pulp mills.
Electricity in Finland is among the cheapest in Europe: In the first half of 2024, the price of electricity for non-household customers in Finland was the lowest in the European Union at just €0.0939 per kilowatt-hour (€/kWh), given that most of it is derived from hydropower plants.
Using this electricity to produce H2 and related biogenic synfuels is becoming a lucrative business, not least because offtaker are situated very close to northern Finland - just a short shipping distance away across the Baltic Sea in Germany, Poland and Denmark, as well as in the Netherlands and the UK.
Cheap electricity, large talent pool
Asked why Verso chose Oulo as a location for its latest hydrogen plant, CEO Antoine Huard said "the region around the Finish port town is attractive because it provides an abundance of affordable renewable energy and biogenic carbon dioxide.”
In addition, experienced chemical researchers at Oulo University alongside large R&D investments in the area, ensure a “sufficient talent pool,” the Verso CEO said, and this offers the French company potential customers and subcontractors.
And last but not least, the Port of Oulu, with its rail and road links, provides good connections to the rest of the world.
H2-derivative projects already set up
Several other hydrogen production and H2 derivative projects have already been initiated in the greater Oulu region: Gasgrid Finland is planning to establish a hydrogen transport infrastructure to connect Oulu’s hydrogen production with the rest of Finland and other countries in northern Europe.
Verso Energy is hence keen to get its project off the ground, though Mr Huard cautioned the latest “land reservation is only a preliminary decision,” – a final investment decision (FID) will be taken at a later stage.
Qatar unlikely to lift LNG sendout capacity - bank
Qatar National Bank analysts expect the Emirate's hydrocarbon production and export capacity to "continue plateauing in the medium term", amid rising domestic demand. There's little room for more Qatari volumes beyond the current 77 mtpa, as cargoes have to compete against an upswing in Australian exports and new ventures in North America and east Africa.
