Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks.The vessel, Mihzem, with capacity of 174,000 cubic metres, departed Ras Laffan on Monday and crossed the strait on Tuesday, headed toward Port Qasim in Pakistan where it is expected to arrive later in the day, according to LSEG…
Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal backed by its floating liquefied natural gas (FLNG) assets, three people familiar with the matter said.The contacts between Eni and the funds are at an early stage and there is no certainty that a deal will be completed, the sources cautioned.Any potential transaction is expected to generate at least one billion euros for Eni, one of the sources said.The move would be in line with Eni's broader strategy of tapping investment from infrastructure funds to help free up capital for new projects.Under on
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.
