In this issue

 

Imports of liquefied natural gas by China dropped by over 28 percent in June 2022 compared with the same month of 2021 as the economy slowed and spot LNG cargo…
Free ReadNew Fortress Energy joins Pemex for LNG off Veracruz as US plant signs China deals  LNG News Editor:  New Fortress Energy Inc, the expanding LNG terminals, production, shipping and power assets owner has…
LNG News Editor:  Asian LNG imports generally declined in the first half of 2022 with rising gas prices curbing demand in the Japanese and South Korean electricity sectors, while a…
Gazprom said pipeline natural gas exports to countries outside the former states of the Soviet Union dropped by more than 30 percent, while the company’s shares also plunged on not…
LNG News Editor:  The Dutch Gate LNG import terminal in Rotterdam, a joint venture between Dutch utility Gasunie and global storage company Royal Dutch Vopak, said it was taking several…
Free ReadLeading European Union LNG import terminal owner and grid operator Enagás has signed an agreement in Madrid with Albania on helping the Balkan nation’s natural gas company AlbGaz develop its…
The largest European LNG import terminal, the UK Isle of Grain facility located southeast of London, has called on the market to participate in an expression of interest exercise for…
LNG News Editor:  The German Association of Gas Transmission System Operators (FNB Gas) said its members had been working flat out to provide initial answers to the new economic conditions…
Free ReadLNG News Editor:  UK LNG imports increased by nearly 50 percent as the country's regasification infrastructure was used to increase natural gas supplies to Europe after the February invasion of…
LNG News Editor:  Italian LNG terminal and gas grid operator SNAM has agreed to buy a second floating storage and regasification unit (FSRU) from BW LNG of Singapore after purchasing…
Intercontinental Exchange, a leading global provider of energy trading platforms for futures and options, reported very high volumes for June and for the second quarter highlighted derivatives included North American…
European maritime classification society DNV said that there was still momentum in orders for LNG-fuelled vessels from ship owners in the month of June even as LNG bunker prices increased…
Free ReadLNG News Editor:  The US Supreme Court ruling just before the July 4 holiday weekend to limit the regulatory powers of the Environmental Protection Agency (EPA) over emissions from power…
The US Freeport LNG plant in Texas now estimates that the resumption of partial liquefaction operations following the June 8 fire will be early October 2022 and with a year-end…

News Nudges

Russian LNG cargoes

Japan and China remain the biggest buyers of LNG from Russia, whose two export plants are Sakhalin in the Russian Far East and the Yamal plant in Northern Siberia. Shipping data showed that between January and October 2022 Japan bought around 5.96 million tonnes of LNG from Russia, a fall of 10 percent from 2021, while China purchased 5.67MT, an increase of 24 percent from 2021. After Japan and China, the other main buyers of Russian LNG cargoes through October 2022 have been France (4.75MT), Spain (3.24MT), Belgium (1.78MT) and the Netherlands (1.67MT).


Newbuilds increase

Shipyards in China and South Korea have seen orders in the past month for at least eight newbuild liquefied natural gas carriers and one floating storage and regasification unit (FSRU) as the global fleet expands to meet rising demand. The orders include two vessels of 175,000 cubic metres capacity under an order made by German ship management company Hammonia Reederei and to be delivered between 2025 and 2026 from China's Yangzijiang Shipbuilding.


Woodside funding

Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, said it had continued its track record of contributions to the state’s communities with a A$50 million (US$33M) commitment to the Resources Community Investment Initiative (RCII) announced by State Premier Mark McGowan. Woodside Chief Executive Meg O’Neill said Woodside was pleased to join with the WA Government and other industry participants to establish the RCII, which will facilitate investment in infrastructure projects and community and social initiatives across the state.