Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream, it said in a statement on Wednesday.It is the second such deal between the two companies in two-and-a-half years. Delfin said in November 2023 it had entered into a long-term deal with Gunvor to supply 500,000 to 1 million metric tons of LNG per year for at least 15 years.Under the latest agreement, Gunvor will receive 300,000 tons of LNG per year for 20 years from the Delfin FLNG1 facility…
Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas, according to a filing.The company requires the time to build certain project facilities and make the liquefied natural gas export plant at the Port of Brownsville available for service by November 2031, it said in the filing to the energy regulator on Friday.Rio Grande LNG is an under-construction facility owned by NextDecade, with the capacity to export 48 million tonnes per annum of the super-chilled gas.The terminal, which is a key component of the company's broader LNG export ambitions along the U.S.
Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and constraining Europe's ability to refill storages which depleted to their lowest since 2022 over the summer, the European Network of Transmission System Operators for Gas (Entsog) said on Thursday.The conflict between the U.S.-Israel alliance and Iran has shut the Strait of Hormuz, a narrow waterway that normally carries about a fifth of global LNG supplies, to most ships, resulting in a tighter supply outlook and higher gas prices."Europe enters the summer injection season from a much lower storage leve
QatarEnergy Prepares to Restart LNG Production
QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told Reuters on Wednesday.In March, QatarEnergy halted production of LNG and associated products due to military attacks on facilities in Ras Laffan and Mesaieed.The company has restarted two out of three trains at QELNG North 1 (Qatargas-1), one of the sources said. QELNG North 1 is Qatar's first-ever LNG project and is located in Ras Laffan Industrial City.
