LNG market

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US urges Qatar to compete Russian gas in Europe

The US wants Qatar, which is the leader on LNG supply globally, to compete Russia’s gas dominance in Europe, according to Reuters. The US are under conversation with Doha about supplying Europe with LNG, as it wants Germany and other countries to import Qatari and US gas rather than from Russia, which now accounts for 60 percent of German gas imports, as reported by Deputy U.S. Energy Secretary Dan Brouillette.

Deliveries not affected after shutting down Equinor’s Hammerfest LNG plant

Norwegian energy giant Equinor has closed its Hammerfest liquefied natural gas (LNG) export facility located on Melkøya Island in northern Norway. Equinor is making attempts to bring the facilities online again. The shutting down of the facility didn’t affect Equinor’s deliveries to its customers. 

US LNG exports to China decreased due to trade war in 2018

The number of U.S. liquefied natural gas vessels that went to China in 2018 fell by around 20% from the prior year as the trade war between Beijing and Washington heated up. Yet, the trade war has been lessen because of talks between China and US, looking for a common ground, increasing the possibility of additional tariffs to be avoided, according to Reuters.

Woodmac: North America to lead next wave of global LNG projects

North America is set to lead the next wave of global LNG project sanctions in 2019, with three US Gulf Coast developments –Sabine Pass Train 6, Golden Pass and Calcasieu Pass– expected to reach final investment decision (FID) in the first half of 2019, according to energy consultant Wood Mackenzie.

Fines on LNG carriers for cargo shortages in India

According to the North P&I Club, India is imposing customs fines on LNG carriers for cargo shortages upon discharge at ports in Gujarat. These fines allege a cargo shortage when a vessel does not discharge the entire quantity of LNG cargo detailed on the bill of lading.

Europe small scale LNG market projected to grow by 11.8%

The demand for Europe small-scale LNG market is projected to grow from 1,902.60 million Euros in 2020 to 5,818.75 million Euros by 2030, while actuating at an estimated CAGR of 11.8% from 2020 to 2030, according to Energias Market Research.

Petronas to supply LNG to Vitol for up to 15 years

Petronas and Vitol signed binding Heads of Agreement (HOA) for long-term LNG sale and purchase (SPA) agreement, on 1 October 2018. According to the agreement, Petronas will supply Vitol with approximately up to 0.8 million tonnes per annum for a period of up to 15 years on both Delivered Ex-Ship (DES) and Free on Board (FOB) basis, as from 2024.

Korea announces new measures to boost domestic shipbuilding

South Korea announced Thursday another package of financial measures to boost small and mid-sized shipbuilders, who are encountering dwindling new orders over the last years. The measures call for both governmental and private companies to place orders for a total of 140 LNG-fueled vessels by 2025, including two next year.

US eyes LNG exports to Germany in next four years

US companies expect to begin exports of LNG to Germany in four years at the latest, challenging Russia which now accounts for 60% of German gas imports, said the deputy US energy secretary Dan Brouillette in an interview to a German newspaper on Monday.

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