LNG

Nearly 30 international banks and credit agencies have refused to finance TotalEnergies’ Papua LNG project.

Last week, 37 LNGCs sailed from US export terminals, a rise of two on the previous week.

They had a combined carrying capacity of 140 bill cu ft, up by 6 bill from the week before.

Ten vessels departed from Sabine Pass, nine from Plaquemines, five each from Corpus Christi and Freeport, four from Cameron, and two each from Calcasieu Pass and Cove Point.

In addition, the ‘Excelerate Shenandoah’ with 3 bill cu ft of LNG carrying capacity, arrived to discharge a cargo at the Everett LNG terminal in Boston, Mass, according to data supplied by Bloomberg Finance to the US Energy Information Administration (EIA).

A few imported LNG cargoes have been received recently in the US, due to the severe weather conditions.

Japan's largest oil and gas producer, Inpex, expects global LNG demand to grow by 75% to around 700 mill tonnes per annum in 2035.

US LNG bunker supplier, Navergy Infrastructure Partners, formerly known as Pilot LNG, has filed a request to the US Department of Energy (DoE) for long-term authorisation to export domestically produced LNG.

Abu Dhabi National Oil Co’s shipping arm plans to order up to six LNGCs.

GasLog Partners’ last year’s results were hit by an $93.4 mill non-cash impairment charge.

As a result, the LNGC owner moved from a profit of $150.9 mill in 2024 to a loss of $20.2 mill last year.

This reflected lower market rates and reduced vessel values for the year.

Revenue fell to $278.2 mill from $356.3 mill, as vessels were sold or redelivered, more idle days were recorded and vessels fixed at lower charter rates.

Cash and cash equivalents were $5.2 mill at year-end, with a negative working capital position of $51.3 mill.

GasLog’s management said that contracted revenues were $164.5 mill for 2026 and $278.5 mill thereafter, plus there are 1,619 open days this year.

The Partnership expected available cash, operations, support from GasLog and asset sales to cover liquidity needs for at least 12 months.

The board also declared cash distributions on the Series A, B and C preference units.

Colombia’s Regasificadora Del Pacífico (RDP) has received $130 mill finance towards its LNG import project.  

UK energy major, bp has posted a fourth quarter 2025 profit in line with analyst expectations.

TotalEnergies is asking the French government and EU Commission to clarify an ‌EU ban on Russian LNG imports, CEO Patrick Pouyanne ‌said.

Russia’s Arctic LNG 2 project is to receive two more Zvezda built Arc7s this year.