LNG

Spanish energy giant, Repsol has posted adjusted net income of €873 mill for the first quarter of this year.

Five years after incorporating Knutsen LNG France, Ludovic Gerard is stepping down from his management position to pursue new professional and personal projects.

For the week ending 29^th April, 35 LNGCs sailed from US export terminals, the same number as registered in the two previous weeks.

The total LNG-carrying capacity of the vessels was 133 bill cu ft, down 1 bill from the previous week, according to data supplied by Bloomberg Finance to the US Energy Information Administration (EIA).

Nine vessels departed from Sabine Pass, seven from Plaquemines, six from Corpus Christi, five from Freeport, four from Cameron, two from Calcasieu Pass, and one each from Cove Point and Elba Island.

US arbitrage to Asia through the Panama Canal has opened, due to stronger Asian demand following the Middle East conflict.

US Secretary of Energy, Chris Wright joined officials and American companies at the Three Seas Initiative (3SI) Summit to announce billions of dollars of private capital investment in the Central and Eastern European region.

AKTOR LNG USA, a subsidiary of Greek energy company, AKTOR has signed a long-term sales and purchase agreement (SPA) with ALBGAZ, Albania’s state-owned natural gas company, to import US LNG for 20 years.  

Chinese LNG imports in April are expected to be the lowest since 2018, based on data from Kpler, Bloomberg reported, citing soaring prices.

European Commission (EC) President, Ursula von der Leyen has warned of rising energy costs for European Union member countries caused by the conflict in the Middle East.

Lantern LNG Holding, a US development company focused on building nearshore LNG liquefaction facilities on fixed platforms, is to appoint Honeywell as the end-to-end LNG technology and automation solutions provider for its planned offshore LNG development located in Matagorda Bay off Texas.

Lantern said it planned to use Honeywell’s full-service LNG technology portfolio, including natural gas pre-treatment, advanced liquefaction and coil-wound heat exchangers, coupled with its automation and digital solutions.

The company’s Matagorda Bay facility aims to produce around 12 mill tonnes per annum  of LNG utilising three trains of 4 mill tonnes per annum.

Lantern LNG currently expects a final investment decision (FID) for Train 1 in 2029, with a commercial operations date (COD) anticipated for late 2031.