In this issue

 

South Korea is to import up to 7 mill tonnes of US LNG per annum, dramatically changing its energy import strategy.
Thursday, 06 February 2025
The European Union (EU) gas price cap, first introduced during the 2022 Russian gas crisis, expired last Friday, having not been triggered since its inception.
Free ReadItaly’s incentive programme for gas and LNG operators is out of step with market reality, due to its championing of investments in infrastructure projects that will be underutilised. New Institute…
Although the ceasefire agreement between Israel and Hamas appeared to bring some respite to regional tensions, future Suez Canal transits will be a mixed bag for LNG shipping, Drewry Shipping…
UK energy giant, Shell has reported robust cash flow from operating activities (CFFO) of $13.2 bill for the fourth quarter of last year, a CFFO of $54.7 bill and free…
US LNG developer Argent LNG has chosen Baker Hughes, as the liquefaction solution and related services provider for its proposed LNG export facility in Port Fourchon, Louisiana.
Thursday, 06 February 2025
Free ReadFlex LNG has reported vessel operating revenues of $90.9 mill for the fourth quarter 2024, compared to $90.5 mill for the previous quarter. The 4Q24 figures included $1.4 mill in…
As predicted, on day one of his presidency, Donald Trump issued an order to allow the US to resume processing export permit applications for new LNG projects. This was seen…
Over the next two years, US natural gas demand is set to grow by more than the supply. In its January short term forecast, the US Energy Information Administration (EIA)…
Last year’s Australian LNG shipments set a new record of 82 mill tonnes per annum, compared to 81.1 mill tonnes in 2023, and the previous record of 81.3 mill tonnes…
Thursday, 23 January 2025
Free ReadLast month, the EU recorded its fourth consecutive year-on-year increase in gas consumption, rising by 9% to 40 bill cu m. This came after seven months of continuous decline, reported…
Thursday, 23 January 2025
India's LNG imports are set to rise this year in the range of between 4% to 10%. This forecast reflected robust local consumption, resilient economic growth and policy development, although…
Australia’s Botala Energy has signed a non-binding Memorandum of Understanding (MoU) with NOVO Energy, a Southern African gas distributor, to jointly develop an LNG supply chain. The MoU seeks to…
SEFE Marketing & Trading Singapore (SM&TS) has reached  a settlement with Indian state-owned GAIL (India) regarding the arbitration proceedings initiated by GAIL alleging the non-supply of LNG cargoes during 2022/2023.…

News Nudges

Petrobangla declines Liberia-flagged cargo

Bangladesh’s state energy company Petrobangla has declined to unload the LNG supplied by Saudi Aramco after the carrier Alhamra, built in 1997, failed to satisfy the technical and safety standards required for unloading at the country’s floating LNG terminal at Moheshkhali. The Liberia-flagged Alhamra is carrying about 61,000 tonnes of LNG.


Nine killed at Bangladesh LNG carrier break-up

Nine workers were killed and several others injured after hydrogen sulfide gas accumulated in a ballast tank of the former 138,000-m³ LNG carrier HL Ras Laffan (now Rasi, IMO 9176008) during dismantling at the Ferdous Steel yard in Sitakunda, Bangladesh. The Department of Explosives said the H₂S built up in a ballast area, not an LNG cargo tank, and measured 10.8 ppm about four hours after the incident on August 15, with officials suspecting concentrations may have exceeded 100 ppm at the time of exposure. The Ferdous Steel was ordered to suspend operations pending a safety audit.