Centrica signs £7bn deal for US LNG supplies
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Technip Energies will supply a marine loading arm to TotalEnergies at the planned FSRU project in France.
Asia’s top liquefied natural gas (LNG) importers are accelerating efforts to secure fuel for winter on fears that Russia will curb supply and further tighten the global market. This could pose a further setback for Europe as it tries to manage its energy crisis.
Germany is in negotiations with some of the world’s top liquefied natural gas suppliers, including energy giant Shell, to replace Russian fuel with alternative supplies.
Sonatrach has struck a deal to supply France’s Engie with gas via the Medgaz pipeline.
Africa could build 120 million tonnes per year of LNG capacity, the International Gas Union (IGU) has said, but development remains slow.
Spain has begun flowing gas south, into Morocco, via the Gazoduc Maghreb Europe (GME).
Uniper has retracted its financial guidance for 2022 as spiralling gas prices have driven it to seek support from the German government.
The heads of Engie, EDF and TotalEnergies have called on the French to cut energy consumption as the European energy system comes under strain.
The European Union is facing legal challenges to its plan to support gas import projects, with accusations that this breaks climate and energy laws.
The US more than doubled LNG exports to Europe in the first four months of the year, according to the Energy Information Administration (EIA).
Snam has bought an FSRU from Golar LNG and will use the vessel to supply central-northern Italy as of spring 2023.
Developing LNG projects is traditionally seen as a big-ticket item, reserved for the few. Costs are high and equipment specialised, making the resource out of reach for most smaller scale operators – despite the advantages it offers.
Excelerate Energy has signed a 10-year contract to provide an FSRU to a Finnish company, with the aim of providing LNG to the wider Baltic Sea region.
Germany has officially launched construction of an LNG terminal at Wilhelmshaven, while signing up preliminary agreements for four FSRUs.
Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.
Russia’s invasion of Ukraine seems to have jolted China based buyers of liquefied natural gas (LNG) into signing more deals with US-based LNG export developments as global competition for the fuel surges.
Spain will export gas to Morocco, it has said, but will ensure these flows do not include Algerian gas.
Italy has secured a deal to increase gas supplies from Angola, following high level talks between Italian Minister of Foreign Affairs Luigi di Maio and Angolan President João Lourenço.
Spain is preparing to pay more for gas supplies from Algeria, with both sides warning of the raise.
Avenir LNG has teamed up with Lithuania’s Achema Gas Trade for a first LNG reloading at the Klaipeda terminal.
Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes steel, copper and aluminium scarce and more expensive.
Eni CEO Claudio Descalzi has held talks today with Egyptian President Abdel Fattah al-Sisi around gas and exports.
Europe has woken up to LNG demand as a means to provide energy security, even while such a move appears out of step with countries’ net zero commitments.