The Middle East escalated prices of GLOBAL LNG/-Asia, which led to the highest spot price since Dec-2022.
The Asian spot prices for liquefied gas have reached their highest levels since December '2022. This is due to the escalation in the Middle East conflict, the high European gas price and the strong demand before winter. The price was $26.00 for a million British thermal unit (mmBtu), compared to $25.70/mmBtu the previous week. Klaas Dozeman of Brainchild Commodity Intelligence, a market analyst, said that "very little LNG" was able make its way from the Gulf in the wake of recent attacks on ships.
Ecopetrol's Colombia Pacific regasification facility faces a delay in startup
The director of the project said that Colombia's Pacific Regasification Plant contracted by the'state energy company Ecopetrol' has delayed its start-up 'by between 22 and 30 days' to November 1 due to transportation disruptions caused by an earthquake. Mauricio Gómez stated that while the plant was not damaged by the 7.4 magnitude quake, the damage to the port and local roads prevented the unloading of imported machinery. It was necessary to divert the equipment and have it unloaded instead in Peru and Panama, which added to?the delays.
Argent LNG receives US approval to export to countries with free-trade agreements
The U.S. Department of Energy authorized?Argent?LNG to sell liquefied gas from its proposed Louisiana terminal to countries with free-trade agreements that include the U.S. This is a major federal approval for the developer as it moves towards a final decision on the project. Argent LNG, a privately-held U.S. firm, is developing an LNG terminal in Port Fourchon, Louisiana. This location is about 160 km (100 miles) south of New Orleans. The project will export up to 25 metric tons of LNG per year, making it one of the largest LNG facilities proposed on the U.S. Gulf Coast.
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…
Source: Canada will sign a deal with Germany's SEFE to purchase Ksi Lisims Liquefied Natural Gas.
According to a source in the industry, Canada will sign a large LNG agreement with Germany's SEFE?for liquefied gas from the Ksi?Lisims planned LNG export facility?on the coast?of?British Columbia. Tim Hodgson will announce the agreement in Vancouver on Wednesday. Ksi Lisims supporters have been working hard to finalize contracts before making a final investment decision expected this year. Ksi Lisims and the Natural Resources Ministry of Canada, SEFE, declined to comment. Bloomberg was the first to report?the plans. Shell and TotalEnergies already have 20-year LNG Purchase Agreements with Ksi Lisims.
Renewables magnate Riquelme launches Real Madrid presidency bid - source
According to a source with knowledge of this matter, Enrique 'Riquelme' informed Real Madrid's Board on Thursday that he intended to run for its presidency. This is the first challenge to Florentino Perez's 'vice-like' grip on the richest soccer team in the world after more than 20 years. Riquelme, founder and CEO of renewable energy firm Cox, told the Real Madrid board on Thursday that he intended to announce his candidacy. The source declined to name him due to the sensitive nature of the issue.
European buyers discuss shipping Canadian LNG through the Panama Canal as a diversification of supply
Two sources with knowledge of the situation said that European 'buyers', including Germany's Uniper are looking into the possibility of buying liquefied gas from Canada on the Pacific coast, and shipping it via the Panama Canal as part of a strategy to diversify the'supply'. This effort has become more urgent since the 'Iran 'war'. Three sources claim that European buyers have held commercial discussions with Canada's Ksi Lisims LNG. The terminal is a proposed liquefied gas export facility…
European buyers discuss shipping Canadian LNG through the Panama Canal as a diversification of supply
Two sources said that European buyers, such as Germany's Uniper are exploring the possibility of buying liquefied gas from Canada on the Pacific coast, and shipping it via the Panama Canal, as part of a strategy to diversify the supply. This effort is made even more urgent by the Iran War. Three sources have confirmed that European buyers have held commercial discussions with Canada's Ksi Lisims LNG. The project is a proposed terminal for the export of liquefied gas. Its backers are working to finalize agreements with potential purchasers in order to make a final investment decision expected this year.
Alaska LNG CEO: We need more commitments to offtake before we make a final investment decision.
Glenfarne, an energy developer, must secure agreements to purchase a further 3 million metric tonnes of liquefied gas before making any final investment decisions on the $44 billion Alaska LNG project. Brendan Duval, CEO of Glenfarne, said that the lead developer for the Alaska project has been in discussions with two potential buyers about adding the remaining volumes to the 13 million tonnes of annual sales agreed upon so far. JERA, one of Japan's largest LNG buyers, and Tokyo Gas have signed preliminary agreements for offtake.
Count down to CMA Shipping 2026
The count down is on for this year’s CMA Shipping 2026 conference and exhibition taking place from 10–12 March 2026 at the Hilton Stamford Hotel in Stamford, Connecticut. Organised by the Connecticut Maritime Association (CMA) and Informa Markets, this flagship event is set to bring together the most influential voices in the maritime industry for three days of industry networking, knowledge sharing, and innovation.CMA Shipping 2026 features a robust conference agenda designed to address the most pressing issues facing the maritime sector.
Canada and Australia LNG cargoes headed to the Atlantic after Arctic storm in a rare move
Ship tracking data revealed that at least three LNG cargoes, loaded in Australia and Canada, are headed to Europe and the Americas, instead of Asia, their usual destination. This is because an Arctic storm has curtailed?exports out of the U.S. The diverting of "supply" away from Asia could lead to a tightening in supply and support the spot LNG price in that region. The price of gas has risen globally due to the increased demand. "Pacific cargoes could be brought into the Atlantic to backfill lost?U.S. Alex Froley is a senior LNG analyst with energy consultancy ICIS.
Russian Oil Stored in Tankers Awaits Sales
Traders are increasingly using tankers to store Russia's Urals crude as demand weakens and customers weigh growing sanctions risks, Reuters calculations based on LSEG and trade data show.Major importers India and Turkey have cut purchases since the end of the last year amid tougher Western sanctions, including recent U.S. measures on Rosneft and Lukoil and a European Union ban on fuel produced from Russian crude. Prices for Russian oil have sunk to record lows.The growing number of tankers waiting to discharge cargoes has tightened vessel availability for shipping Russian oil…
TotalEnergies executive: LNG buyers prioritize supply security over price.
An executive from French oil giant TotalEnergies told the India Energy Week Conference on Wednesday that global?instability?is pushing buyers of liquefied natural gas to prioritize energy security?over other considerations such as price. Ronan Bescond is Total's Vice President of Long-Term Marketing and Origination for gas and Power. He said that buyers are more likely to sign agreements with companies such as TotalEnergies who have access to global LNG portfolios they can use to redirect cargoes if necessary in order to avoid local blocks.
Orban: US involvement in Venezuela is good for energy markets
The U.S. decision that led to the ouster of Venezuelan President Nicolas Maduro should have a positive effect on the world's energy markets, said Hungarian Premier Viktor Orban on Monday. He added that both Venezuela and the U.S. would control half of all global oil reserves. Special Forces, the largest U.S. intervention since 1989's invasion of Panama in Latin America, swooped in on Caracas with helicopters over the weekend to apprehend Maduro and then take him to New York for a drug charge. Orban's ally Donald Trump of the United States, who exempted Hungary for 2026 from U.S.
Asia Spot LNG Prices Rise with South Korean Demand
Asian spot liquefied natural gas prices edged up this week as forecasts for colder weather boosted demand in South Korea, but overall weak buying in China left prices down 34% since the start of 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 per million British thermal units (mmBtu), up from $9.50 last week, the lowest since April 2024, industry sources said."The market still seems to be pressured by the continuous soft demand from Asia with weak economic indicators and ample alternative supplies like coal in China.
The plastic pollution talks are pushed into overtime by countries pushing for a late breakthrough
The talks to create the first legally-binding treaty in the world to combat plastic pollution ran overtime on Thursday. They were adjourned for the next day. The extent of future restrictions on what was supposed to be the last day of the United Nations negotiations in Geneva. Luis Vayas Valdivieso told the delegates that the meeting would continue into Friday. The United Nations Environment Assembly established the INC in 2022. Its mandate was to create a global, legally-binding treaty on plastic pollution.
Asian Spot LNG Prices Decline, Weak Demand Amidst Sanctions
Asian spot liquefied natural gas (LNG) prices declined this week due to weak demand and as markets awaited further clarity on U.S. Russian energy sanctions or secondary tariffs.The average LNG price for September delivery into north-east Asia LNG-AS was at $11.90 per million British thermal units (mmBtu), down from $12.10/mmBtu last week, industry sources estimated.Spot global gas prices have been relatively rangebound since the start of summer gas season in April, with a brief spike during the Iran strikes in June…
Russian Oil Vessels Forced to Divert From India Under US Sanctions
At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which are involved in transporting Russian oil.U.S. President Donald Trump has urged countries to halt purchases of oil from Moscow, threatening 100% tariffs unless Russia agrees…
Asian Spot LNG Prices Fall to Ten-Week Low
Asian spot liquefied natural gas (LNG) prices slipped for a second consecutive week to a ten-week low, weighed down by tepid demand and increasing supply from new projects.The average LNG price for September delivery into north-east Asia LNG-AS was at $11.90 per million British thermal units (mmBtu), industry sources estimated. This is down from $12.30/mmBtu last week and its lowest since May 16."Prices fell this week in part because of persistent weak Asian demand, with limited additional…
Canada exports first LNG cargo from Pacific Coast
A spokesperson for Shell-led LNG Canada confirmed on Monday that Canada's first LNG export cargo was shipped from its Pacific Coast to Asia. The cargo was loaded on the tanker Gaslog Glasgow at LNG Canada's Kitimat site, British Columbia. This happened just over a weeks after the facility had confirmed its first production. It became the first large commercial LNG operation of the country. LNG Canada is North America's first major LNG plant with direct access to Pacific Coast. The project…