LNG

Ultimatum shift. President Trump has announced an extension of deadline to attack Iran’s energy infrastructure for another 10 days until 6th April, claiming that the request came from Tehran and that talks were going “very well”. 

Major FLNG player, Golar LNG’s Board has initiated a process to evaluate alternative directions for the company.

Japanese oil and gas operator, INPEX has ramped up its Australian gas interests, which could eventually lead to a third train being constructed at Ichthys LNG.

Electrical engineering group, ABB has upgraded the propulsion drives in nine CoolCo LNGCs.

Threats and counter threats. Iran has promised to unleash Houthi militia on a second crucial trade route leading to the Suez Canal and devastate the global economy if the US launches a ground invasion.

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 24^th 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.

QatarEnergy has ‌declared force majeure on some of its long-term LNG supply contracts with Italian, Belgian, South Korean and Chinese buyers, among others.

Asian LNG buyers have diverted at least eight Atlantic Basin cargoes away from Europe, since the Middle East war began 28^th February, according to S&P Global Commodities at Sea data.

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 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.