LNG

Authorities in Italy have taken a significant step forward in supporting LNG in the maritime sector, with the publication of new guidelines for ship-to-ship bunkering.

Energy trading group Axpo has carried out the first ship-to-ship LNG refuelling operation at the Port of Sines in Portugal.

Energy developer OLT Offshore LNG Toscana has successfully launched its new small-scale LNG service at the FSRU Toscana terminal, marking the first time such a service has been offered in Italy.

Ningbo-Zhoushan Port has announced a new record in LNG volumes, supplying more than 100,000 cubic metres of the fuel for the first time.

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Following a slowdown thus far this year, growth in natural gas global demand is expected to rise in 2026, according to the International Energy Agency’s (IEA) latest quarterly ’Gas Market Report’ published this week.

Asian spot LNG prices softened last week, due to weaker demand and strong inventories and as south Asian buyers deemed prices were too high.

As part of its move towards a final investment decision (FID) on its Kakinada LNG development project, Crown LNG Holdings has signed a Memorandum of Understanding (MoU) with India’s Pipeline Infrastructure Ltd (PIL).

This year, the Middle East is on track to overtake Asia to become the world’s second-largest gas producer, behind North America.

Global gas consumption is projected to grow by 2% this year, primarily driven by rising demand in North America and Asia.