LNG

Stolt-Nielsen’s subsidiary, Stolt-Nielsen Gas has entered into a share purchase agreement to sell 50% of Avenir LNG to Nippon Yusen Kabushiki Kaisha (NYK Line).

Click to Download

As the war shows no signs of abating, in an attempt to ease market fears, the International Energy Agency’s (IEA) 32 member countries have agreed to release 400 mill barrels of oil from their emergency reserves.

Click to Download

Shiptracking data provided by analytics firms Kpler and LSEG show three LNGCs had been diverted towards Asia towards the end of last week.

Examining the Middle East conflict, ICIS has outlined three different scenarios that could have implications for European gas prices, LNG availability and storage levels.

QatarEnergy has circulated up to 10 LNGCs for charter in a bid to engender cash flow from idle shipping capacity, following the output suspension at its 77 mill tonnes per annum Ras Laffan liquefaction facility.

The UK Government has stressed that there will be no gas supply disruptions, due to the Middle East conflict.

Russia's Deputy Prime Minister, Alexander Novak confirmed that he had discussed with domestic energy companies the possibility of redirecting Russian LNG supplies from Europe to other markets, Interfax news agency and Izvestia newspaper reported.

According to a leading maritime law firm, international law does not permit Iran to obstruct vessels’ transits through an international strait, such as the Strait of Hormuz.