Italy to Help Sardinia Phase Out Coal with New LNG Plants
Italy plans to send two new units for the regasification of liquefied natural gas (LNG) to Sardinia to help the island phase out coal, a government decree seen by Reuters showed.Sardinia currently relies on two coal-fired power plants for its electricity needs and is slowly developing renewable energy capacity.The government has mandated Italy's gas grid operator Snam to set up a new floating storage and regasification unit (FSRU) in the port of Oristano, on the centre-west coast of Sardinia, the decree seen by Reuters said.The document approved by the government on Friday also mentioned the possibility of a second LNG terminal in the north-west c
Third Russian Tanker from Sanctioned Arctic LNG 2 Discharges and Departs China
A third tanker from Russia's Arctic LNG 2 plant, which is under Western sanctions, discharged its cargo and exited a terminal in China on Wednesday, LSEG and Kpler's ship-tracking data showed.The U.S.-sanctioned LNG tanker Zarya unloaded more than 160,000 cubic meters of LNG from the sanctioned Russian project Arctic LNG 2 at the Beihai LNG Terminal in Guangxi, southern China.China has so far received three cargoes of LNG from Arctic LNG 2, totalling more than 386,000 cubic meters of LNG, according to data from LSEG.Two more Arctic LNG 2 cargoes are a few days away from Beihai, on the 174,000 cbm Buran and the 174,000 cbm Iris.
Edison to Replace Pipeline Gas with Flexible LNG supply
Italian gas and electric utility Edison plans to replace some gas volumes from pipeline contracts with liquefied natural gas to gain more flexibility in managing demand, its CEO said on Wednesday.The company earlier announced a 15-year agreement with Shell to purchase around 0.7 million tonnes a year of U.S. LNG starting in 2028.European companies are stepping up LNG purchases to gain flexibility, so they can resell cargoes to other markets when demand is low. Edison said this approach would help it adapt to uncertain consumption trends in Italy and across Europe.Speaking with Reuters at the sidelines of Gastech conference in Milan…
Shell Signs 10-year Gas Supply Deal with MVM CEEnergy
Oil and gas major Shell signed a 10-year natural gas deal with Hungary's MVM CEEnergy on Tuesday, in a move designed to strengthen its presence in central and eastern Europe.Shell, the world’s biggest liquefied natural gas (LNG) trader, said it would sell around 200 million cubic metres (mcm) of natural gas a year to the Hungarian natural gas wholesaler MVM CEEnergy, beginning in January 2026.MVM Group receives a large amount of its gas from Russia, unlike energy providers in most European countries following Russia's invasion…
Third Russian Arctic LNG 2 Plant Tanker Arrives in China
A third tanker from Russia's Arctic LNG 2 plant, which is under Western sanctions, has arrived in China, LSEG ship-tracking data showed on Tuesday.The data showed that LNG tanker Zarya is berthed at China's Beihai LNG terminal in the southern region of Guangxi.A first LNG cargo from Arctic LNG 2 was delivered last month to China by the Arctic Mulan tanker, the data showed.The Arctic project began production in December 2023, but is behind schedule in supplying cargoes of gas because of shortages of ice-class gas carriers and Western sanctions over Russia's conflict with Ukraine.Another LNG tanker, Voskhod, delivered a cargo to the port in early Se
Italy, US to Boost LNG Ties, Infrastructure
Italy and the United States on Monday vowed to deepen energy ties including through increased exports to Italy of liquefied natural gas (LNG), as Europe continues to seek alternatives to Russian energy supplies following Moscow's invasion of Ukraine.Italian Energy Minister Gilberto Pichetto Fratin and U.S. Interior Secretary Doug Burgum, after talks in Rome, pledged to foster a "steady and secure" flow of American LNG to Europe, without committing to exact figures or timeframes.They said they would aim to "encourage investments in LNG import and regasification infrastructure in Italy…
Azule Energy to Invest $5b in Angola
Azule Energy, the joint venture between Italian oil and gas explorer Eni and BP, expects to invest another $5 billion in Angola over the next four to five years, Eni's Chief Operating Officer Guido Brusco told Reuters on Wednesday.The latest investment in both new and existing projects will match investments in oil and gas projects since the joint venture launched three years ago in Sub-Saharan Africa's No.2 oil producer.Angola has overhauled its regulatory regime, wooing new investments as the former OPEC member looks to maintain oil production above 1 million barrels a day."We have in the next four to five years 18 wells to be drilled on which t
Highest Ever US LNG Exports Recorded in August
U.S. exports of liquefied natural gas (LNG) reached an all-time high in August as plants exited planned maintenance programs and Venture Global's Plaquemines facility continued to increase output, preliminary data from financial firm LSEG show.August exports totaled 9.33 million metric tons, beating the previous monthly record set in April of 9.25 million tons and higher than the 9.1 million tons exported in July, according to LSEG data.Plaquemines is the second-largest LNG plant in the U.S. with a capacity of 27.2 million tons per annum (MTPA) and has increased production every month since it started up in December 2024…
Workers Strike at Fluxys Dunkirk LNG terminal
Workers began a three-day strike over pay at Belgian gas terminal operator Fluxys' Dunkirk liquefied natural gas terminal late on Monday evening, part of a broader action in the power and gas sector focused on pensions and wages.The Dunkirk LNG terminal is the second largest in continental Europe and the only terminal directly connected to two separate markets - Belgium and France - accounting for about 20% of both countries' annual gas consumption.The flow rate of the terminal has been affected, a representative of the CGT union, who did not wish to be named, said on Tuesday.
Sanctioned Arctic Mulan LNG Tanker Berths in China
A tanker carrying liquefied natural gas from Russia's sanctioned Arctic LNG 2 plant has moored at an import terminal in southern China on Thursday, after loading at a Russian storage facility in June, Kpler and LSEG ship-tracking data showed.If the tanker discharges the LNG at the terminal, this would be the first cargo from the Arctic LNG 2 project to be received. The project is targeted by Western sanctions over Russia's war with Ukraine.The Arctic Mulan LNG tanker was idling off the coast of Egypt from February to April before travelling through the Suez Canal…
Germany Looks to Meet European Demand with Canadian LNG
German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand, Canada's Energy and Natural Resources Minister Tim Hodgson said on Wednesday.Canada, the world's fifth-largest natural gas producer, shipped its first-ever liquefied natural gas export cargo in June from the recently constructed LNG Canada facility in British Columbia, which is led by Shell and is the first North American LNG export site with direct access to the Pacific Ocean.The bulk of LNG Canada's exports is expected to ship to Asia…
DP World Wins Contract to For Floating LNG Facility Off Mexico
Drydocks World, a unit of DP World, a Dubai-owned ports and logistics company, has secured an engineering, procurement, and construction contract for the construction of what it said would be the world's largest floating liquefied natural gas facility off Mexico's west coast, the Dubai Media Office announced on Monday.Once operational in the second half of 2028, the four-vessel facility commissioned by AMIGO LNG will provide more than 4.2 million tonnes per annum (MTPA) of liquefaction capacity, it said.(Reuters)
Tokyo Gas to Buy LNG from Venture Global
Tokyo Gas is in discussions with Venture Global to purchase 1 million metric tonnes per annum of liquefied natural gas from the company's CP2 export facility, three people with knowledge of the talks told Reuters on Monday.Venture Global is the second largest U.S. LNG exporter and since 2023 has been the main source of the country's growing LNG export capacity, helping the U.S. remain the world's largest exporter of the superchilled gas.Tokyo Gas is negotiating the purchase of LNG from Venture Global on a 20-year contract, two of the three people told Reuters.
WhiteWater, Partners Move Ahead with Eiger Express Pipeline Construction
WhiteWater and its partners have reached a final investment decision (FID) to move ahead with the construction of the Eiger Express Pipeline, the infrastructure firm said on Monday.Driven by a boom in U.S. liquefied natural gas exports as well as rising demand for natural gas on the back of increasing electricity consumption, gas production in the country's shale fields is expected to rise even as oil output begins to plateau.U.S.
Increasing US LNG Exports to Catalyze Shale Production Growth
U.S. liquefied natural gas exports will soar by roughly 10% a year through 2030 as energy firms double their LNG production capacity, according to analysts, providing a shot in the arm to the country's maturing shale industry which has seen growth slow and costs rise.The U.S. is the world's largest oil and natural gas producer, but many of its best drilling locations have been tapped. While oil production is expected to plateau or fall in coming months, gas remains a bright spot for the industry thanks primarily to the country's booming exports.U.S.
ConocoPhillips to Buy 4 Million Tons LNG from Sempra's Port Arthur Phase 2 Project
U.S. oil and gas producer ConocoPhillips said on Thursday it would secure 4 million tonnes per annum of liquefied natural gas from Sempra's Port Arthur LNG Phase 2 project in Texas to serve key global markets.Commercial activity in the U.S. LNG sector has picked up pace after President Donald Trump lifted a moratorium on new liquefied natural gas export permits soon after taking office in January.ConocoPhillips will buy LNG over a 20-year term on a free-on-board basis, the company said in a statement.The United States is the world's largest LNG exporter…
Demand at Two Top US LNG Plants Declines
Two of the United States' largest liquefied natural gas export plants recorded major declines in demand for natural gas on Monday, suggesting parts of their facilities might be down, according to data from financial firm LSEG.Cheniere's Sabine Pass export facility in Texas, which utilizes up to 4.5 billion cubic feet of natural gas per day, was down to 3.7 bcf, and Sempra's Cameron LNG plant in Louisiana, which processes 2 bcfd, was down to 1.3 bcf, according to LSEG data.Cheniere declined to comment, while Sempra did not…