Germany wants to lock in contracts for liquefied natural gas with a delivery obligation, an effort to deter profit-chasing traders from diverting shipments elsewhere as the nation boosts its commitment to the fuel.
One of the major reasons flagged by Greenpeace France for its action was the accusation that the FSRU would receive LNG cargoes from the US.
Greenpeace said France must demonstrate LNG imports are “the best option available”. If it cannot do this, the NGO said, the directive from March 2023 on commissioning the Le Havre FSRU should be cancelled.
“We think JKM-TTF spreads will turn negative for the autumn shoulder season,” says Jake Horslen, senior LNG analyst at Energy Aspects.
Eni will completely replace Russian gas supplies by 2024-25, it has said.
Tusiani said a third wave of US LNG export plans would need equity to get off the ground. “It’s not a slam dunk. There’s a lot of environmental hurdles, there’s a lot of issues, uncertainty with buyers.”
Shareholders in HEH include the Buss Group, Fluxys and Dow. The latter owns the land on which the group will build the regas terminal. The terminal will take industrial waste heat from Dow’s projects, allowing it to regasify LNG with minimal emissions.
The Dutch government is working on ending all liquefied natural gas imports from Russia, according to Energy Minister Rob Jetten.
The European Union is targeting a way for member states to have the option to effectively ban Russian shipments of liquefied natural gas without implementing new energy sanctions.
More investments in liquefaction is needed to head off a supply-demand gap that the company sees emerging in the late 2020s. Last year, the company put this supply-demand gap opening up by mid-decade.
Alebri said the delivery “demonstrates how the UAE is continuing to work closely with our strategic partners in responsibly providing secure, sustainable and affordable energy supplies”.
“It’s a matter of cost,” DNV’s Mediterranean manager Andrea Spessa said. “This pipeline is the best solution to transport energy from one country to another in this range.”
Data from the European Union shows Algerian gas flows to Italy up 41% year on year in the third quarter of 2022.
“A gas deficit situation this winter is becoming increasingly unlikely,” it said. “However, a worsening of the situation can still not be ruled out. The need to save gas is still important.”
Germany has reduced its imports of Russian energy to zero and imported its first full cargo of LNG to Uniper’s new terminal at Wilhelmshaven.
Turkey gave Bulgaria access to its liquefied natural gas terminals, opening up a tightly controlled corner of the European gas market that could help diversify the region’s supply mix.
Excelerate Energy has delivered an FSRU to Finland, loaded with a commissioning cargo.
Germany agreed to reduce its stake in Uniper to 25% plus one share by 2028 at the latest.
Since I’m on my way to Doha as I write, what better subject than LNG and the boom which will keep the dollars flowing into Qatar for decades to come.
With just days remaining until the European Union imposes a price cap on Russian oil, much uncertainty remains.
QatarEnergy (QE) has struck a deal to supply LNG to ConocoPhillips, for delivery to Germany into the 2030s.
Novatek noteholders have agreed to change the terms of a $1 billion Eurobond, letting the Russian company pay in rubles instead of US dollars.
As COP27 continues apace, the slew of demands for more – or less – hydrocarbon investments is mounting.
NewMed Energy has signed a non-binding memorandum of understanding (MoU) to supply natural gas, and develop blue hydrogen, for delivery into Europe with Uniper.
Intercontinental Exchange (ICE) has launched two new LNG futures: North-West Europe and South-West Europe, as the continent struggles to make sense of tumultuous gas pricing.