LNG

Bulgarian state owned energy company, Bulgartransgaz is to issue a tender for LNG supplies.

Russia is offering South Asian countries LNG from its sanctioned facilities at a 40% discount to spot prices.

Australian gas exporters will be one of the only domestic industries to benefit from the global fuel crunch caused by the Middle East conflict.

At a meeting of the European Commission’s Gas Co-ordination Group, the EC, EU member countries and industry representatives discussed the security of EU gas supply, as the disruptions in the Middle East continued.

The second largest US LNG exporter, Venture Global’s subsidiary, Calcasieu Pass Funding, which indirectly controls the Calcasieu Pass project, has signed a $1.75 bill senior secured, term loan B credit facility.

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Asian LNG buyers are outcompeting European rivals in a scramble for spot cargoes, as the Strait of Hormuz closure reverted the price-setting power to Asia Pacific. Most utility buyers simply switch to coal, especially in Southeast Asia where cash-strapped importers “cannot compete aggressively for alternative volumes.

Shipping disruptions through the Strait of Hormuz are hoped to ease by end April, by when Energy Aspects reckons more Middle Eastern LNG supply will start reaching international buyers. If the Hormuz transit disruption lasts to end-July or beyond, however, prices for imported LNG would need to rise to well above 2022-levels for Europe to stock up for winter – in stark competition with utility buyers in North Asia.

Australia’s Prime Minister Anthony Albanese is considering a 25 percent windfall tax on gas producers as LNG prices surge, asking to model new levy options for the gas industry. Government data showing LNG exports worth about A$65.4 billion and volumes of 79.8 million tonnes in the 12 months to April 2025.

India’s energy security is under strain due to loss of Qatari LNG deliveries, prompting Petronet to activate emergency clauses in other import agreements and scrambles for spot cargoes from Australia and the US to offset the shortfall.