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Australian LNG workers’ strike propels gas prices
Industrial dispute at liquefaction facilities operated by Woodside Energy Group and Chevron in Australia led to workers’ decision to embark on strike, boosting gas prices as European buyers fear supply disruption. Local news reports hold that the planned strike could…
Golar Tundra regas floater arrives Italy
Sopuruchi Onwuka Newbuild floating liquefied natural gas regasification (FSR) vessel has arrived Italy to add more gas delivery facilities on the northern Mediterranean coasts as Europe continues to expand its energy supply channels and cut dependence on Russian hydrocarbon fuels….
Europe’s LNG demand jumps 60% TO 121 MMtpa
Rising demand for liquefied natural gas (LNG) in Europe reached 121 million tonnes in 2022, amplifying the growing independence of the industrial continent from Russian gas supplies. European countries, including the UK, imported 121 million tonnes of LNG in 2022,…
Europe to targets 63% LNG import capacity by 2024
Liquefied natural gas (LNG) import capacity in the European Union (EU) and the United Kingdom (UK) will expand by 34 percent, or 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021, according to the International Group of…
China’s Sinopec lands $60 bn LNG deal with Qatar Energy
China’s Sinopec on Monday concluded a $60 billion long term gas sales and supply agreement with the Middle East’s largest gas factor, Qatar Energy, setting a benchmark for the world’s biggest transactions for largest volumes of supply. Under the terms…
Gas scramble: Japan says LNG is sold out until 2026
The Japanese Ministry of Trade has sounded alarm of medium term gas crunch, pointing out that long-term contracts fLNGor liquefied natural gas shipments are sold out until 2026 due to limited liquefaction capacity at a time Europe unplugged from Russian…
Price dive: Traders float $2 bn LNG in 30 vessels off Europe’s coast
More than 30 tankers carrying liquefied natural gas are idling off Europe’s coast as traders hold out for higher market prices, the Financial Times reported. The ships, which combined are carrying LNG worth $2 billion, are at sea around north-west…
Russian-Ukraine tension opens new LNG market opportunities
As German axe dangles on Nord Stream 2 pipeline project Sopuruchi Onwuka Global gas exporters mainly from Middle East and Africa keenly watch the power play between Western powers and Russia over the security of Ukraine. And precariously located in…
