The arrival of the Golar Tundra FSRU – wholly owned by Italian gas transmission systems operator Snam – at the port of Piombino last week marks the beginning of a significant expansion of Italy’s FSRU capacity.
Malaysia’s national hydrocarbons champion Petronas has announced it is ready to not only maintain its LNG supply to Japan but also to increase it. Several contracts between Petronas and Japanese utilities are due to expire by the end of next year. Notably, Petronas managed to increase and sustain production after it had warned at the end of 2021 it may have to cut cargoes for some time.
Our data showed global LNG trade had decreased in February.
The shipped amount of 32.98mmt represented negative growth of 1.53mmt (-4 percent) from 34.51mmt shipped in January.
We nevertheless still recorded year- on-year export growth of 2.87mmt (10 percent).