LNG

In the first week after the holiday break, 38 LNGCs with a combined LNG-carrying capacity of 143 bill cu ft sailed from US export terminals between 1^st and 7^th January.

Eleven vessels left Sabine Pass, seven from Plaquemines, six from Corpus Christi, five from Freeport, four from Cameron, three from Calcasieu Pass and one each from Cove Point and Elba Island, according to data supplied to the US Energy Information Administration (EIA) by Bloomberg Finance.

Bangladesh's LNG imports from long-term suppliers will increase by 53.57%, this year, as three long-term sales and purchase agreements (SPAs) become effective from January, sources said.

The Indian Gas Exchange (IGX) is to expand its offerings with one-year and two-year natural gas contracts, pending regulatory approval.

Belgian LNG terminal operator, Fluxys LNG is to offer slots to unload, store and regasify cargoes in the Zeebrugge LNG Terminal, for the second quarter of this year.

New analysis of Kpler data published by the German NGO Urgewald showed that Russia's Arctic LNG exports remained heavily dependent on access to EU ports.

Nigeria LNG (NLNG) has appointed Adeleye Falade as its new CEO.

He will officially take over from the outgoing CEO, Dr Philip Mshelbila, in April this year, following Mshelbila's departure to become Secretary General of the Gas Exporting Countries Forum (GECF).

Falade, currently the Managing Director and CEO of Brunei LNG, was appointed by the NLNG Board last year to succeed Mshelbila who has led NLNG since 2021. 

At a special general meeting of LNGC owner and operator, Cool Company’s (CoolCo) shareholders, the proposed merger with a newly formed, wholly owned subsidiary of EPS Ventures (Eastern Pacific Shipping) was rubber stamped.

Egypt’s Ministry of Petroleum and Mineral Resources (MoPMR) has signed two Memoranda of Understanding (MoUs) with the Syrian Ministry of Energy to supply the country with natural gas, petroleum products, and technical expertise.

The MoUs were signed on the sidelines of Minister of Petroleum and Mineral Resources Karim Badawi’s meeting with a Syrian delegation, headed by Deputy Minister of Energy for Oil Affairs Ghiath Diab, MoPMR said in a statement.

One of the MoUs was aimed at establishing a framework for supplying natural gas to Syria for electricity generation, utilising Egypt’s national gas transmission network and FSRUs, while another MoU addressed Syria’s needs for petroleum products.

During the meeting, officials discussed rebuilding Syria’s natural gas and petroleum infrastructure with the assistance of Egyptian technical expertise.

The Syrian agreements followed the December signing of a MoU by Egypt with the Lebanese Ministry of Energy and Water to supply the Deir Ammar Power Plant with gas. 

MoPMR claimed that Egypt continued to leverage its export infrastructure, including the Arab Gas Pipeline and Idku and Damietta liquefaction plants, to serve regional markets.

Notably, Egypt exported about 150,000–155,000 cu m of LNG to Greece, Italy, and Türkiye last year. 

Vietnamese state-owned Petrovietnam Gas (PV Gas) has awarded its first term supply tender for LNG to UK energy major Shell.

According to a social media post, Höegh Evi’s ‘Hoegh Gandria’ has arrived at Singapore’s Seatrium shipyard to be converted into an FSRU.

Work on the vessel had already begun.

This conversion project builds on Höegh Evi’s track record of fast FSRU project execution and includes the installation of regasification systems, overall systems integration, commissioning, and a general refresh, the post said.

When completed in 3Q26, the FSRU will be ready to deliver up to 1,000 mill cu ft per day of regasification capacity.

She will replace the ‘Hoegh Galleon’, operating under an Egyptian contract, which has been in place since July, 2024.

It is anticipated that she will be utilised in Egypt for around 10 years.