LNG

There appears to be no let up in the conflict across the Middle East Gulf and beyond, which has pushed Brent to over $100 per barrel this morning and decimated world stock markets.

Bangladesh's LNG long-term contract imports could be badly disrupted after all three suppliers invoked force majeure, due to the ongoing situation in the Middle East region.

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.

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

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

Slovakia’s national gas company, SPP, is negotiating with Russia’s state-owned energy giant, Gazprom to increase natural gas imports this year and next.

According to Reuters, the discussions began before the recent energy price surge linked to Middle East tensions affected global LNG exports.

Slovakia’s energy situation has become more complicated since the end of Russian gas transit through Ukraine in December, 2024.

SPP said in November that it had received only about one-third of the Russian gas volumes originally expected for 2025.

Historically, Russian supplies accounted for the majority of Slovakia’s annual gas imports, amounting to roughly 3 bill cu m.

The Russian LNGC ‘Buran’ with a cargo from Russia’s Arctic LNG 2 export facility has changed course away from the Mediterranean, following the sinking of the ‘Arctic Metagaz’, allegedly by a Ukrainian drone launched from Libya, LSEG tracking data showed.

Cheniere Energy is to offer, subject to market and other conditions, senior notes, due 2036 and senior notes, due 2056.

China’s ENN Natural Gas Co has announced that, as certain conditions under the LNG sale and purchase agreements (SPAs) with ET LNG Export Co and Cheniere, it has terminated the agreement signed with the former and amended the SPA with the latter.

Attacks continued from both factions with no end in sight.