KN Energies offers long-term regas capacities
Klaipėda LNG terminal operator, KN Energies is offering 28 TWh of terminal regasification capacities for the period 2033–2044.
Long-term booking of regasification capacity provides market participants with an opportunity to secure strategic LNG supply positions in the region and to structure long-term LNG supply contracts, the company claimed.
The capacity allocation procedure began on 25th March and closes on 24th April.
The European gas market remains in a phase of transformation. Although price volatility and market tensions persist, long-term security of supply and access to reliable infrastructure remain among the key priorities of the energy sector.
As regional gas trading expands and integration of the Baltic and Nordic gas markets strengthens, and while supply opportunities beyond the region continue to develop, the Klaipėda LNG terminal is becoming an increasingly important and strategic gateway to the global LNG market, KN Energies said.
South Korea unaffected by Qatar’s force majeure on long-term contracts
QatarEnergy has declared force majeure on some of its long-term LNG supply contracts with Italian, Belgian, South Korean and Chinese buyers, among others.
Global LNG prices rise as LNGC diversions increase
Asian LNG buyers have diverted at least eight Atlantic Basin cargoes away from Europe, since the Middle East war began 28th February, according to S&P Global Commodities at Sea data.
Middle East hostilities - day 25 roundup
Boots on the ground? In another crazy day in the game of claim and counter claim, President Trump said he had submitted a 15-point peace plan to Iran via Pakistani mediators.
Ukraine looks to Mozambique LNG
Ukraine has expressed interest in importing Mozambique LNG.
Ukrainian President, Volodymyr Zelensky spoke with his Mozambique counterpart, Daniel Chapo earlier this week .
Writing on X, Zelensky said that Ukraine could help Mozambique counter “security challenges” in exchange for “gas supplies.”
"Ukraine is interested in additional energy supplies. Mozambique is interested in Ukraine's experience and technologies to strengthen its internal security and protect people from terror," he said.
Late last year, Ukraine’s Central Bank Governor, Andriy Pyshnyi said the country had lost about half its gas output since the Russian incursion, Reuters reported.
US LNG imports to EU hinges on trade deal signing
The EU must implement the US trade deal without amendments or risk losing “favourable” access to US LNG shipments, President Trump’s ambassador to the bloc said, speaking to the UK’s Financial Times.
Vitol ties up LNG offtake with Venture Global
Commodity trading giant, Vitol has signed a binding agreement for the purchase of around 1.5 mill tonnes per annum of US LNG from Venture Global for five years, commencing this year.
Sinolam sues Panama for power project loss
Singapore-based oil and gas investment company, Sinolam has submitted an arbitration request with the International Centre for Settlement of Investment Disputes (ICSID) Convention against Panama, following the cancellation of a license for a major gas-fired power generation project.
Middle East hostilities - day 24 roundup
Mixed messaging. Yesterday President Trump claimed the US and Iran had held talks in which the two sides had “major points of agreement”, and speculated that a deal could soon be done to end the war.
Baker Hughes to help develop ST LNG project
US energy technology company, Baker Hughes is to supply gas compression, power generation equipment, and project development support for ST LNG’s proposed 8.4 mill tonnes per annum LNG export terminal offshore Matagorda, Texas.
