LNG

Canada’s stop-start natural gas market is “about to turn the corner” into a new era of higher prices, according to BMO Capital Markets commodities analyst, Randy Ollenberger.

Large LNG export plant developer, Venture Global has quietly begun producing LNG from Phase 2 of its Plaquemines export terminal in Louisiana, sources told Reuters.

German state-owned Safe Energy for Europe (SEFE) has signed two offtake agreements in recent weeks.

Indian state-run GAIL (India) has signed a long-term LNG sales and purchase agreement (SPA) with Vitol Asia for the annual supply of around 1 mill tonnes per annum over a 10-year period, starting in 2026.

Last month, Swiss-based trading house, BGN handled its inaugural physical LNG cargo at Germany’s Mukran FSRU facility, utilising the chartered LNGC ‘Celsius Gandhinagar’.

Italian natural gas consumption saw an increase in the first half of this year.

In a bid to tackle the country's worsening energy crisis, the Bangladesh Government is planning to purchase three additional spot LNG cargoes next month to help meet the surging demand for natural gas across the country.

Australian oil and gas developer, Woodside Energy has signed a non-binding memorandum of understanding (MoU) with Hyundai Engineering and Hyundai Glovis.

Swedish engineering conglomerate, Alfa Laval has completed the acquisition of the cryogenics business unit of Fives (Fives Energy Cryogenics), a supplier of cryogenic heat transfer and pump technologies.

The heads of Russia's Gazprom and China's energy company CNPC discussed future Russian gas supplies to China during talks in Beijing, Gazprom said last Friday, as Moscow seeks stronger ties with the world's biggest energy consumer.