Following severe disruptions to gas supply from the United States, Mexico’s state-owned utility CFEnergia restarted LNG imports via Altamira LNG last week.
Month-on-month export performance continued to improve in January – albeit only slightly – with shipments increasing by 0.66mmt (2 percent) compared to the 2.08mmt (7 percent) in December.
Following the restart of Idku LNG, Egypt’s second LNG plant at Damietta is likely to follow suit via the LNGC Vivit Americas by the end of this week. We reported last year that the plant was likely to restart operations in 1Q 2021.
The first implementations of FLNG technology were balance sheet financed with concepts capturing all stages of gas production on one vessel. However, this resulted in very costly projects, with cheaper innovations seeking to edge them out as leading concepts. Markets Editor Alexander Wilk reports.
On Joe Biden’s first days in the Oval Office he signed a flurry of executive orders like re-joining the Paris Agreement and the WHO, but relations with China remain tense and factious as the new US President inherits a trade war that now involves over $700 billion in bilateral trade. Though China’s Phase 1 trade commitment to buy an additional $52.4 billion of energy from the United States by end-2021 will remain in place, analysts say it looks “difficult to achieve.” – Markets Editor Anja Karl reports.
January trade growth is likely to come in below its December counterpart, our preliminary data indicate. Although there was still time for an improvement before month-end, significant trade growth is likely going to be elusive in January, our Markets Editor Alexander Wilk reports.