LNG

Japan's top power generator, JERA has claimed that it has secured adequate LNG inventories through October, and sees no risk to stable power supply even if ‌a summer heatwave boosts demand.

Italy was Europe’s top LNG importer last month.

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Asian and European LNG buyers plan to ask for lower prices and additional supply guarantees from Qatar and the United Arab Emirates, as the US/Iran war raises insurance costs on deliveries, buyers, traders and industry executives told Reuters.

Any longer delay in ramping up LNG exports from the Middle East Gulf risks saddling the global LNG market with tighter conditions for longer, the head of the International Energy Agency (IEA) recently warned.

Chinese LNG buyers have resumed commercial re-export activity after a three-month pause.

India’s state-owned Hindustan Petroleum Corp (HPCL) has asked LNG producers and traders to register interest in supplying spot cargoes and term deliveries.

Egypt is negotiating with energy majors, including Shell, TotalEnergies and bp, plus commodity trader Hartree Partners, to buy 15 to 18 LNG cargoes per month for at least three years, trading and industry sources told Reuters.

The US Department of Energy has authorised US developer, Argent LNG to export from its proposed Louisiana terminal to countries that have free-trade agreements with the US, giving the company a key federal approval as it works toward a final investment decision (FID) on the project.