Egypt Looks to Sign Multi-Year LNG Supply Deal
Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas per month for at least three years, three trading and industry sources familiar with the matter told Reuters.The talks come as Egypt's domestic production struggles to keep pace with rising demand and as global LNG markets remain tight during the Iran conflict, which has curtailed shipping through the Strait of Hormuz and increased competition among buyers seeking to secure supplies.Two of the sources said talks are ongoing with companies including Shell…
US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions between Washington and Beijing effectively halted direct shipments, vessel-tracking data showed.However, analysts say it may never enter China as the terminal's bonded storage facilities allow re-exports without import duties.Carrying a cargo loaded in early June from U.S. energy firm Venture Global LNG's VG.N Plaquemines export plant in Louisiana, the Al Fat'h LNG tanker arrived at the PipeChina Yangpu terminal in China's southern island province of Hainan on Wednesday into Thursday…
Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S. liquefied natural gas supply, transport and distribution cooperation, the companies said on Wednesday.The MoU covers potential LNG sales from Argent's planned 25-million-tonnes-per-annum (mtpa) export terminal at Port Fourchon, Louisiana.The agreement includes free-on-board cargoes, delivered ex-ship supplies into European regasification terminals and onward distribution through Naftogaz's underground…
Australian Inpex Workers Set Industry Precedent With New Pay Deal
Workers at Inpex's Ichthys liquefied natural gas plant in Darwin have overwhelmingly backed a new pay deal that unions hope to replicate across Australia's offshore energy sector.The agreement is the first in what unions describe as a second wave of bargaining across the sector, as they seek similar pay and conditions in upcoming negotiations with Shell, Chevron and Woodside Energy.The Offshore Alliance, comprising the Australian Workers Union and Maritime Union of Australia, and separately the Electrical Trades Union spent months negotiating the deal with Inpex on behalf of about 470 workers.DEAL FOLLOWS STRIKEUnder the agreement…
EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators
EU-based companies will be prohibited from selling Russian liquefied natural gas next year, even if buyers are located outside the EU, according to a letter seen by Reuters on Thursday."The ban prohibits companies to trade/market Russian LNG to third countries as it is not relevant whether the Russian LNG is destined for the EU or not," said the letter dated June 1 from the office of EU Energy Commissioner Dan Jorgensen, addressed to Poten and Partners, a shipping brokerage and LNG advisory.While the European Union voted to stop importing Russian gas by 2027 in response to Moscow's war with Ukraine…
