LNG

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Our vessel tracking data shows Al Qa’aiyyah arriving at Golden Pass on 20 April to load the terminal's first commercial cargo. No declared destination is visible in AIS. Market sources cited by Reuters indicate the cargo is bound for Italy – a plausible routing given Italy's established position as a QatarEnergy DES offtaker and the contractual obligations QatarEnergy can no longer service from Ras Laffan.

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JERA terminated its 1mtpa offtake agreement with Commonwealth LNG effective 3 March, but the project barely paused. EQT and Glencore backfilled the lost volumes within weeks, bringing total contracted capacity to around 8 of 9.5mtpa. Commonwealth is now launching lender discussions ahead of an FID expected this month.

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Russia exported more LNG in the first quarter of this year than during the same period a year earlier.

Shipments to Europe increased, despite Moscow's attempt to redirect supplies away from the region.   

Last month, US LNG exports hit a record-high 11.7 mill tonnes in March, as new Texan plants ramped up production, while supply disruptions caused by the Middle East conflict escalated global gas prices, according to preliminary LSEG data.

Abu Dhabi-based natural resources investment platform, International Resources Holding (IRH), a subsidiary of 2PointZero Group, has signed a 20-year LNG sale and purchase agreement (SPA) with Mexico’s AMIGO LNG, owned by LNG Alliance.

Germany’s Gasfin Services has taken over the commercial management for the LNG terminals at Brunsbüttel, Wilhelmshaven 1 and Wilhelmshaven 2, operated by state-owned Deutsche Energy Terminal (DET), effective 1^st April and expanding its role in terminal operations.