LNG Prices Projected to Spike; European Stocks Dwindle
Global LNG prices could shoot higher this winter as Europe holds its lowest stocks in years and North Asian buyers face increased competition with the Strait of Hormuz still closed, executives said at an industry conference this week.Europe will enter this winter more vulnerable than usual amid storage levels that are lower than last year, industry executives and analysts said at Gastech in Bangkok.At the same time, the war on Iran has prevented Qatar and the United Arab Emirates from shipping liquefied natural gas through the Strait of Hormuz…
French strike at Dunkirk LNG Terminal reduces capacity
Fluxys' data shows that a?24-hour strike in France’s power sector is expected to?reduce delivery capacity at?the Dunkirk liquefied natural gas terminal?to 4 gigawatt hours per day as of 0700 GMT Tuesday. Fluxys' data shows that the terminal delivers at least 9.4 GWh a day. The unions at the state-owned EDF, Fluxys (a Belgian gas terminal operator) and Elengy (a French gas terminal operator) have called a strike on Tuesday to protest a French Court of Auditors recommendation to reduce employee benefits like?access to cheaper electricity. France is a major gas exporter across Europe.
Argent LNG, Albania to Evaluate Development of Import Terminal
U.S. LNG developer Argent LNG said on Wednesday it had signed a non-binding memorandum of understanding with Albania's government to evaluate development of an onshore LNG storage and regasification terminal with capacity of up to 5 million tonnes a year.Here are more details:Terminal could connect with the Trans Adriatic Pipeline, proposed Ionian Adriatic Pipeline and Fier-Vlore gas corridor.Argent LNG said financing could involve the U.S. Trade and Development Agency, U.S. International Development Finance Corporation and U.S.
Northern Territory Shale Developers Look Towards LNG Production
Developers of shale gas in Australia's Northern Territory say they plan to replicate the liquefied natural gas boom in the state of Queensland, but without the duplication of infrastructure and overspending that occurred in the 2010s.The territory's Beetaloo sub-basin was surveyed over 30 years ago but the first commercial volumes of shale gas were shipped only this week from Tamboran Resources’ Shenandoah gas project.Like Queensland's coal seam gas-to-LNG ambitions, Beetaloo shale aspirations have met with initial scepticism by many industry watchers.
San Matias Pipeline Cansortium Closes $900m Loan for Pipeline
Argentina's San Matias Pipeline consortium said on Friday it had closed a $900 million project finance loan to build a pipeline from the Vaca Muerta shale formation to the Atlantic coast in Rio Negro province, a crucial piece of financing for the nation's long-delayed ambition to become a global natural gas exporter.The financing marks a major milestone for a country trying to turn one of the world's largest unconventional gas reserves into hard-currency export revenue.The 472-km (293-mile) pipeline will carry gas from…
Bangladesh Seeks US LNG Amidst Global Supply Disruptions
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy supplies amid disruptions in global gas markets caused by the U.S.-Israeli conflict with Iran.The government on Wednesday approved the purchase of 117 LNG cargoes from U.S.-based Gunvor between 2026 and 2038 under a state-to-state agreement, alongside eight cargoes from other international suppliers through direct procurement.Under the U.S. deal, Bangladesh will buy five cargoes in 2026, six in 2027 and six in 2028.
