LNG

Singapore has secured enough LNG from outside the Middle East to last through the end of this year, as state-owned buyer GasCo accelerated spot purchases to replace cargoes affected by disruptions around the Strait of Hormuz. Negotiations are underway long-term offtake from the US, Australia and Canada.

MidOcean Energy has secured an $120 million equity investment from The Arab Energy Fund (TAEF) as part of its ongoing capital raise, targeting up to $2 billion from new investors.

Kinetics LNG has secured a $125 million investment from Turkish private equity firm Actera Group to help fund the expansion of its floating LNG business, targeting emerging markets.

Click to Download

Click to Download

Kimmeridge’s LNG platform Caturus has made a positive final investment decision (FID) for its Commonwealth LNG project.

Russia's LNG switch to Asia after the loss of the European market will hit its revenue, due to at least a doubling of logistical costs, industry sources and analysts told Reuters.

Early signs of a recovery in Asian LNG demand are emerging, potentially tightening global balances and creating a European gas upside price risk, Goldman Sachs said in a note late last week.

European countries will import around 80% of their LNG supplies from the US by 2028, a report from the Institute for Energy Economics and Financial Analysis (IEEFA) predicted.

US-based developer, Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has signed a gas sales precedent agreement to supply natural gas produced at Alaska’s North Slope for Alaska LNG project Phase 1 to ConocoPhillips Alaska.