Second LNG Carrier Departs from Sanctioned Portovaya LNG Plant
A second gas carrier has departed from Russia's U.S.-sanctioned Portovaya LNG plant on the Baltic Sea after a hiatus, in search of a foreign buyer, showing Russia's continued efforts to flout restrictions on LNG sales, LSEG data showed on Wednesday.According to the ship-tracking data, gas carrier Valera, previously named Velikiy Novgorod, had departed from the Gulf of Finland. It was due to arrive at an unspecified location on January 15, the data showed.The tanker is the second to leave the plant in the past three months.The first tanker…
Poland, US Look to Boosting US LNG to Central Europe
Top Polish and U.S. energy officials discussed a potential boost of supplies of U.S. liquefied natural gas (LNG) via Poland to Central Europe to reduce the region's dependence on Russian gas, Poland's energy ministry said on Tuesday.Last week, Poland's Deputy Energy Minister Wojciech Wrochna and U.S. energy secretary Chris Wright discussed in Washington LNG supplies and the construction of Poland's first nuclear plant to be built by Westinghouse, it said."An important topic of the talks was the potential to increase supplies of American LNG through the Polish gas hub for domestic needs and to make Central European countries…
North American LNG Exporters Look to Double Capacity by 2029
Liquefied natural gas exporters in the U.S. have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) by 2029, the U.S. Energy Information Administration said on Thursday.The EIA cited its Liquefaction Capacity File and trade press reports for the forecast, and added that the U.S.
UK Targets Lukoil, Rosneft, Shadow Fleet with Sanctions
Britain targeted Russia's two largest oil companies, Lukoil and Rosneft, and 51 shadow fleet tankers on Wednesday in what it described as a new bid to tighten energy sanctions and choke off Kremlin revenues.Lukoil and Rosneft were designated under the Britain’s Russia sanctions laws for what London described as their role in supporting the Russian government. They are subject to an asset freeze, director disqualification, transport restrictions, and a ban on British trust services.The two companies were considered strategically significant to the Kremlin…
Germany Sets New LNG Import Terminals into Operation
Germany is putting natural gas import terminals into operation as part of the country's efforts to replace piped Russian gas following Moscow's invasion of Ukraine in 2022.It is deploying floating storage regasification units (FSRUs) to receive seaborne LNG, which official data shows has captured an 11% share of all German gas imports over the first three quarters of 2025.Long-term, Germany is planning shore-based facilities to import and produce green hydrogen.Here are details of the latest developments:MUKRANThe terminal on Ruegen island in the Baltic Sea…
Service Resumed at Berkshire Hathaway Energy Cove Point LNG Export Plant
U.S. energy firm Berkshire Hathaway Energy's Cove Point liquefied natural gas (LNG) export plant in Maryland returned to service on Sunday after a planned autumn maintenance outage, according to a company notice to customers and data from financial firm LSEG.The amount of natural gas flowing to the plant, which shut around September 20, rose from about zero to 0.9 billion cubic feet per day (bcfd) on October 12, the LSEG data showed.The plant can turn around 0.8 bcfd of gas into LNG. Plants often pull in more gas than they…
ARM Energy to Invest $2.3b in Mustang Express Pipeline
ARM Energy Holdings said on Thursday it has reached a final investment decision on its $2.3 billion Mustang Express Pipeline project in Texas, along with its partner Pacific Investment Management Company.ARM, an energy marketing firm, said the project benefits from a long-term agreement with Sempra for shipment of natural gas for its Port Arthur LNG Phase 2 project, which recently achieved its own final investment decision.Earlier this month, Sempra said it would sell a 45% stake in its infrastructure unit for $10 billion, and has approved a $14 billion expansion of Port Arthur LNG project in Texas.The U.S.
Molgas Acquires Titan LNG Bunker Supplies
Spain’s Molgas has fully acquired Dutch liquefied natural gas bunker supplier Titan, following its acquisition of a 45% stake in 2023, the company said on Tuesday.LNG bunkering demand has been rising in recent years with the introduction of hundreds of ships that can run on the fuel, as the shipping industry ramps up efforts to decarbonise by 2050 in line with International Maritime Organization targets.Molgas, backed by French private equity firm InfraVia, will merge its truck-to-ship LNG supply in Norway and Europe with Titan’s LNG bunker supply, the company said.With the acquisition, Molgas now operates a fleet of seven LNG bunker vessels, it a
US Natural Gas Prices Rise as LNG Exports Increase
U.S. natural gas futures climbed about 2% on Monday on near-record flows to liquefied natural gas (LNG) export plants and forecasts for more demand this week than previously expected.Front-month gas futures for November delivery on the New York Mercantile Exchange (NYMEX) rose 6.7 cents, or 2.0%, to $3.391 per million British thermal units (mmBtu) at 8:42 a.m. EDT (1242 GMT).In the cash market, average prices at the Waha Hub in West Texas, which fell to a record low of minus $7.07 per mmBtu on Thursday, remained in negative…