TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's TotalEnergies to a company called Nordline LLC, according to a decree published on Wednesday.TotalEnergies declined to comment and has not issued any statement on a sale, unlike previous divestments from Russia.Reuters has identified two Russian-registered entities named Nordline LLC, both linked to private Russian LNG producer Novatek, the majority owner of Arctic LNG 2, but could not confirm which…
SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply
German state-owned gas importer SEFE said on Wednesday it agreed to purchase 1 million tonnes of liquefied natural gas per year from Canada's Ksi Lisims LNG to diversify supplies amid unsteady global energy markets.Under a memorandum of understanding signed on Wednesday, deliveries are set to begin in the early 2030s for up to 20 years, it added.German Economy Minister Katherina Reiche said the deal underscored a strategic energy partnership with Canada."By working more closely together, we diversify our supply chains and make our economies more resilient to global risks…
Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports from the beginning of 2027 as part of its sanctions pressure on Moscow over the war with Ukraine.In an attempt to regain the initiative, President Vladimir Putin said early in March that Russia could stop gas supplies to Europe with immediate…
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…
