LEAD STORY
Iran crisis shatters India’s high hopes for cheaper LNG
Written by AJ KotzePetronet, India’s leading LNG importer, is facing a strategic setback in its push for more “reasonable rates” for US cargoes, as the escalating Iran crisis and QatarEnergy’s suspension of LNG exports undermine its bargaining power to renegotiate legacy contracts; our Markets Editor Anja Karl investigates.
The largest supply expansion in LNG history is under way, but it arrives into a market that is tighter than expected, with demand-side constraints that will make the path to oversupply messier and more protracted than the consensus assumes, our Markets Editor Dr Alexander Wilk writes.
Also in this issue
Asian spot buyers curtailed demand in February, removing over 3.2MMt of combined Chinese and Indian demand in a single month. Atlantic supply was drawn into the Pacific while Europe absorbed near-record volumes against critically depleted storage and an increasingly concentrated supplier base, our Markets Editor Dr Alexander Wilk writes.
Delivering mid-scale LNG projects: Why modular integrated design matters
Written by AJ KotzeThe need for energy security continues to dominate decisions around energy project development around the world.
Woodfibre LNG at 60% - the world's first net zero LNG export facility nears
Written by AJ KotzeSituated on the former Woodfibre pulp mill site in Howe Sound, the Woodfibre LNG project recently passed the mid‑point in its construction programme, with around 60% of physical works completed.
The adjournment of the IMO’s adoption of the Net-Zero Framework in November last year was widely seen as a setback for the shipping sector’s climate ambitions and the uptake of cleaner fuels, but the reality has been that development has continued apace in the intervening months. Fuelling Editor Malcolm Ramsay has more.
