Summit plans to develop a second FSRU project in Bangladesh by 2026
Kpler » LNG
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1y ago
LNG terminal operator Summit Asia Pacific plans to bring a second floating LNG import terminal online in Bangladesh in early 2026, with the new facility expected to boost the country’s LNG import capacity by 4 mtpa ..read more
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FSRUs a preferred option to onshore LNG import terminals amid decarbonization pursuit
Kpler » LNG
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1y ago
Floating storage regasification units are increasingly likely to be the go-to choice for new LNG import projects, given their lower cost, quicker time to come online and flexibility instead of their costlier onshore alternatives as countries pursue their decarbonization goals, according to Yoshikazu Kondo, General Manager of Mitsui OSK Lines’ offshore technical division ..read more
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Output issues at Ichthys LNG lead to tender withdrawal, add to supply disruptions
Kpler » LNG
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1y ago
The Inpex-operated 8.9 mtpa Ichthys LNG plant in Darwin has withdrawn a tender to sell a cargo for delivery in June -July because of production problems, limiting available spot supplies amid planned and unplanned maintenance at other LNG plants ..read more
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EU extends gas demand reduction target for another year
Kpler » LNG
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1y ago
EU member states agreed to continue cutting their gas demand by 15% compared to the five-year average until Mar. 31, 2024. The emergency legislation started applying in August 2022 to help the bloc refill its gas stocks and mitigate its unprecedented gas shortage following the Russian pipeline supply cuts ..read more
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EU on track to meet joint gas purchase target for this year
Kpler » LNG
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1y ago
The European Union is on track to jointly buy around 10 bn m3 of gas this year, or roughly three-quarters of its mandatory target. The bloc agreed to start joint gas and LNG purchases in April to help ensure stocks are refilled ahead of next winter when supply is expected to remain tight. The EU is also contemplating expanding its voluntary 15% cut in demand until next year as another measure to tackle the current energy crisis ..read more
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Three of France's four LNG import terminals come offline for a week amid national strike
Kpler » LNG
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1y ago
Three out of the four LNG import terminals in France are offline for a week amid a national strike affecting multiple sectors in the country. The terminals affected represent over 60% of the French LNG import capacity. LNG is essential for the security of supply of France and its regional neighbors ..read more
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Germany’s Brunsbuttel LNG terminal receives its first commercial cargo
Kpler » LNG
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1y ago
Germany’s third LNG import terminal completed its first commercial delivery on Feb. 16. The country is fast-tracking the launch of several floating terminals between this winter and the next to help replace the lost Russian pipeline supplies as fast as possible but these new capacities alone will not be enough ..read more
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Nigeria LNG’s October force majeure on upstream supplies still in place; no new FM declared
Kpler » LNG
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1y ago
Nigeria LNG continues to operate its 22.2 mtpa plant on Bonny Island at a reduced rate as a force majeure declared in October on upstream supplies remains in place ..read more
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UK closes exploration license round with priority blocks potentially producing in 18 months
Kpler » LNG
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1y ago
The UK’s North Sea Transition Authority (NSTA) closed its latest round of exploration licenses for offshore gas blocks, among which four priority areas with known reserves could start producing in 18 months. This could limit the UK’s reliance on LNG ..read more
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EU LNG imports reach all-time highs in December and 2022
Kpler » LNG
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1y ago
EU LNG imports reached monthly and annual all-time highs in December and 2022 as the bloc increasingly relies on LNG to replace most of the lost Russian pipeline supplies ..read more
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