LNG

French gas engineering company, GTT has  formed a Group Transformation division.

It is headed by Jean-Baptiste Boutillier.

In addition, GTT has appointed Thierry Valot as Group Innovation Vice President. 

Both are members of GTT’s Executive Committee.

Boutillier will be responsible for leading the Group’s key transformation projects, optimising processes and working methods, and enhancing cross functional collaboration between departments.

As Group Innovation VP, Valot’s job will be to ensure that technological developments align with market needs and that GTT stays at the cutting edge of technological innovation, thereby contributing to the Group’s growth.

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Venture Global has announced a mid-April 2025 commercial start date for its Calcasieu Pass LNG facility in Louisiana amid ongoing disputes with long-term customers over spot market sales. The facility has been exporting since March 2022, achieving 92 percent average utilisation and primarily serving European markets following Russian gas supply cuts. The April commercial start date will enable long-term tolling customers to begin lifting cargoes, nearly three years after the facility first started shipping LNG.

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Global LNG exports down slightly alongside broadly steady offtakes in January. According to our data, global LNG trade in January amounted to 36.48mmt, down by 1.09mmt (-3 percent) from 37.57mmt in December.

Germany's large-scale FSRU expansion aims to bolster European energy security. Whilst high operational costs, uneven utilisation and environmental concerns have triggered opposition, Europe's transitioning energy landscape mandates energy security enhancements, writes our Markets Editor Dr Alexander Wilk. 

India is poised to snap up big parts of the substantial volume of uncontracted LNG from the Middle East. Buying interest is on the rise as the Indian government allows utilities to blend LNG with domestically produced gas in a bid to make it more affordable for power generation, compared with coal; our Correspondent Anja Karl investigates. 

Our January data showed a dip in LNG trade driven by lower Pacific output. Meanwhile, global demand remained broadly steady, our Market Editor Dr Alexander Wilk reports.