Marmara LNG capacity rises 63%
Turkey has started expanding its Marmara Ereğlisi LNG import terminal with construction of a fourth storage tank, state operator BOTAŞ said. The new 160,000-cubic-meter tank will lift total LNG storage capacity to 415,000 cubic meters from 255,000 cubic meters. Works began on July 7, with addition of the fourth storage tank set to increase the terminal’s total capacity by about 63%, once in operation around 2029.
LNG Canada gives First Nations option to buy Phase 2 tank
Five First Nations can invest up to C$1 billion to own an LNG storage tank – as part of the LNG Canada’s Phase 2 expansion – and lease it back to the terminal developer for the operational life of the project. The tank would have a capacity of 225,000 cubic metres and would be built in Kitimat, BC, with an investment decision on Phase 2 targeted by the end of 2026.
Egypt rushes for LNG as summer power demand tops 40 GW
Egypt is seeking to import more LNG as electricity demand this summer is forecast to rise 8% above last year’s peak of 40 Gigawatt. Regasification capacity has been maximised, while the Damietta LNG export terminal gets used to store cargoes for emergency use.
Europe struggles to attract LNG to refill storages
As Asian netbacks for delivered LNG cargoes outbid European prices, buyers are struggling to attract sufficient volumes to offset a looming storage shortfall. An additional 40 cargoes per month would be needed over the next five months, according to ICIS calculations, though economists doubt this is achievable.
Pakistan leans on local fuel sources to mitigate LNG supply risk
Pakistan’s diverse domestic energy mix – nuclear, coal and hydropower – is cushioning the country from the global energy price shock following Qatar’s suspension of LNG exports. With nearly three-quarters of its electricity now generated from local sources, Pakistan managed to mitigate the immediate fallout of halt in its contracted long-term LNG deliveries from QatarEnergies.
European gas prices soar beyond $500 on LNG cost spike
European gas prices have risen above $500 per thousand cubic meters (mcm) reflecting a rise in Henry Hub prices driven by a sharp increase in US LNG exports and cold winter weather.
Strong US gas storage build-out provides flexibility for LNG exports
Midstream operators in the US have announced fresh investment in gas storage capacity to provide flexibility as the LNG build-out progresses into 2026. Enbrige just took FID on new storage facilities in Texas and Louisiana while Energy Transfer started to build a cavern storage at Bethel.
Favourable arbitrage makes more US LNG head to Europe
US LNG exports are forecast to rise to 2.43 million metric tons per week heading into late 2025 and early 2026, driven by demand recovery and below-average gas storage in Europe. American shippers exported a record 9.4 million metric tons of LNG in September, with two-thirds of the cargoes sold to Europe as the arbitrage window stays open.
ICE to list two trading points at Trinity Gas Storage
Intercontinental Exchange (ICE) will launch two new trading points at Trinity Gas Storage’s Bethel facility in East Texas on October 1. Direct transactions in and out of the 24 Bcf gas storage facility will sharpen price transparency in one of the fastest-growing corridors for US LNG exports.
Pakistan seeks to re-sell LNG, considers floating storage
Pakistan LNG Ltd (PLL) is looking to resell excess cargoes and considers storing tankers offshore. Excess term LNG deliveries could incur state energy companies nearly $400 million in losses, especially since the rapid solar PV build-out cuts short the need of burning gas for generating electricity.
